Tag: health insurance policies

Health insurance companies could start treating patients like drivers

health insurance like auto coverage

Some American insurers intend to treat medical coverage similarly to auto policies. There have been many new developments in the health insurance sector over the last few months as companies prepare to manage the influx of new policyholders and to comply with the laws and regulations that have been put in place as a result of the federal healthcare overhaul. As a part of this change, some insurers have been changing their strategies to reflect vehicle coverage. Vehicle policies reward drivers who display good behaviors which would decrease their risk…

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Health insurance companies ready for a massive influx of individual customers

health insurance options

Insurers are taking steps to prepare for individuals and families who will be buying plans. Health insurance companies have become very aware of the change in coverage rules that is occurring in the United States as of January 1, 2014, and are taking steps to make sure that they are ready for the tremendous wave of individual customers who will be purchasing plans. In this light, many have been creating all new products to offer this growing market different options. A major example of this includes the efforts of Blue…

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Illinois health insurance exchange making progress

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Illinois Health Insurance Exchange

Legislators continue to push for Illinois health insurance exchange The Illinois health insurance exchange is on track to comply with federal regulations and deadlines. State officials have been making progress in building the state’s own exchange program, hoping to have one established before being confronted by deadlines from the federal government. Thus far, progress has been modest, but promising. The state is now reviewing five bids from companies and organizations interested in building the exchange program. Legislators are expected to choose one of these bidders within the coming months. State…

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Massachusetts insurance exchange awarded funds to help it fall in line with the Affordable Care Act

Massachusetts is currently one of the few states that has a working insurance exchange in place. The state’s online marketplace has been a boon for those looking for affordable health insurance policies but it does not comply with the standards established by the Affordable Care Act. Instead of requiring the state to scrap the project and start from scratch, the Centers for Medicare & Medicaid Services, and auxiliary arm of the Department of Health and Human Services, has awarded the state with funding to help legislators make necessary changes. He…

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Federal government allows state insurance authorities to choose their own insurance benefits packages

The federal government has released the benefits framework attached to the Affordable Care Act that will help shape the benefits millions of people will receive with their health insurance policies in the coming years. The government began working on the framework after states issued complaints about the health care law not being clear on how it would affect benefits. States have been vying for control of the matter, and now the federal government has agreed to allow state insurance regulators to decide the specifics of the benefits given to consumers.…

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