Live Insurance News

Health insurance exchange in Arkansas draws attention of 4 insurers

June 10, 2013June 8, 2013 Logan B.

Four companies have now expressed their interest in selling policies over the state’s online marketplace. The Arkansas Insurance Department has announced that there are now four health insurance companies that intend to be able to sell their policies over the state’s exchange, which is expected to serve over 500,000 residents. The department said that the insurers submitted their letters by the deadline, which was last Monday. The department explained that the health insurance companies each met the deadline in order to indicate their interest in participating in the Arkansas exchange,…

Health insurance rates are on the rise in Ohio

June 10, 2013June 8, 2013 H. Cutner

Residents of the state are projected to see higher bills every month to continue their coverage. According to the latest analysis from the Ohio Department of Insurance, the residents of the state will likely have to pay more money than they currently are for their health insurance coverage once the exchange goes into place. In fact, in some cases, the costs could be significantly higher, depending on the coverage selected. This could mean that people who choose to buy their health insurance through the state run online marketplace could find…

Health insurance options still available to young people before 2014

June 5, 2013March 1, 2014 H. Cutner

The federal healthcare reforms have established a number of new requirements, which must be understood. The Affordable Care Act has changed a number of the regulations in terms of health insurance, and many of them apply to young adults, who could end up having to pay an increasingly large fine if they don’t obtain the appropriate coverage. Young adults are having to learn about their coverage requirements for the first time in their lives. This age group is dealing with a sudden health insurance requirement. They are finding that they…

Health insurance for high risk Californians to shift to federal program

May 24, 2013May 25, 2013 H. Cutner

There will be thousands of people in the state with serious medical conditions who will be affected. Beginning in July, there will be about 17,000 people with serious medical problems in California who will be shifting out of a state run health insurance stopgap program and into a federal plan. This will help to make sure that their coverage continues until the healthcare reforms become effective next year. This, according to an announcement that has been made by officials in the state. The state board responsible for overseeing the California…

Health insurance rates will rise for some in Massachusetts

May 13, 2013May 25, 2013 G. Turner

The cost of the coverage will be rising by an estimated 2.5 percent, on average, this summer. Policies that are purchased or renewed by individuals and small businesses, as of July 1, in Massachusetts, will be facing an increase in their health insurance rates at an average of 2.5 percent. This is a lower increase than the rate hike that was seen for the policies renewing in the current quarter. The increase that was experienced by health insurance policyholders who renewed or purchased during the current quarter had been an…

Health insurance premiums are a motivator to live healthier

May 11, 2013May 25, 2013 Julie Campbell

A recent study has shown that coverage costs can encourage people to exercise more and get fit. There was a great deal of controversy that arose when a health insurance company first started charging higher rates for individuals who were obese, but whether or not it is deemed appropriate or fair, a recent study has shown that it can give people the motivation they need to bring their weight down to healthier levels. When policyholders were given the choice to lose weight or pay more, they quickly started dieting. According…

Health insurance companies facing greater scrutiny in Massachusetts

May 10, 2013May 25, 2013 G. Turner

Mental illness coverage will be a considerable focus for the state’s law and its enforcement. Mental health insurance has become a very hot topic, as seven different insurers have now reached settlements to pay consumers and the state for their failure to meet the legal coverage requirements in Massachusetts. The most recent of these settlements has spawned a greater effort by the Attorney General to solve the issue. Martha Coakley, the Attorney General, has taken inspiration from the health insurance settlements over mental illness coverage, and has now issued a…