Live Insurance News

Vermont businesses continue to face challenges when it comes to health insurance

November 16, 2015November 15, 2015 S.Vagus

Small businesses continue to experience frustration with state’s insurance system Businesses in Vermont have been having some issues with health insurance for the past few years. Vermont is the only state where businesses with 50 or fewer employees must purchase health insurance plans through a specially designed exchange marketplace. The marketplace is meant to serve as an effective and efficient way businesses can provide their employees with insurance coverage, but it has been quite dysfunctional for small companies. A new insurance exchange system could be a costly issue for the…

Number of health insurance policies available through HealthCare.gov is falling

November 4, 2015November 3, 2015 Marc

obamacare health insurance agent business

Fewer policies will be available through the federal health insurance gateway Those seeking out health insurance coverage through the HealthCare.gov site may find that fewer policies are available to them this year. HealthCare.gov, the federal insurance exchange gateway, will begin offering services in November, with consumers being able to enroll for coverage and find policies that they are interested in. The federal government has been working to improve the site for some time in order to ensure that consumers will be able to find the coverage that they need. Average…

Idaho makes changes to its health insurance exchange

November 2, 2015November 1, 2015 S.Vagus

State health insurance exchange has been improved to better serve consumers The Idaho health insurance exchange, called Your Health Idaho, is expected to be prepared for business on November 1, when the next open enrollment period begins. The state has been working to reprogram the infrastructure of the exchange, introducing various tweaks and new features that are expected to improve the exchange shopping experience. The exchange has been working to test the changes that have been made for several months in order to ensure that the insurance exchange will be…

Consumers without health insurance will face tax penalties next year

October 23, 2015October 21, 2015 Marc

Open enrollment period is coming, giving consumers a chance to purchase health insurance policies November is coming and in the United States that means that the next open enrollment for health insurance exchanges will begin. On November 1, consumers will be able to find and renew health insurance policies through these exchanges. The federal government expects that several million people will find coverage through these exchanges, but many more will forgo coverage entirely. Health insurance coverage is expected to become more expensive in 2016, with insurers raising premiums. Uninsured consumers…

Delays reported in upgrading the federal health insurance exchange network

October 23, 2015October 21, 2015 S.Vagus

Upgrades are being delayed, but are expected to be ready before the beginning of the open enrollment period Open enrollment for U.S. health insurance exchanges will begin November 1 this year and the federal government is working on improving its insurance gateway, HealthCare.gov. Earlier this month, the government announced that it would be making long-awaited upgrades to the website before the open enrollment period began, but these updates may be delayed somewhat. While federal officials believe that the updates will be online before the enrollment period begins, ongoing issues may…

Affordable Care Act could struggle due to insurance policy cancellations

October 16, 2015October 14, 2015 Julie Campbell

Some customers have decided that they can’t afford subsidized coverage and are letting it expire. The new open health insurance enrollment period will be beginning under the Affordable Care Act on November 1, and while this means that campaigns are soon going to launch in full force to encourage the remaining 10.5 million eligible uninsured people to purchase coverage, dropouts are working against that effort. The insurance exchanges are now needing to focus on keeping their current customers as well as attracting new ones. This is a new trend since…

Look out, health insurance marketplace, here comes Google

September 22, 2015September 19, 2015 Julie Campbell

The tech giant has now announced that it has made a massive investment into a coverage startup. Last week, Google announced that it had made an investment of $32.5 million into Oscar Health Insurance Corp, which is a startup that has been drawing considerable interest as its angle could disrupt the traditional form of coverage and could shake up the power of the market leaders in the U.S., such as Anthem and UnitedHealth Group. The current valuation that the deal brings to Oscar has been calculated to be at $1.75…