Live Insurance News

US government to investigate health insurance subsidy abuse

September 4, 2014September 2, 2014 S.Vagus

Government regulators are looking to uncover potential fraud Hundreds of thousands of people throughout the U.S. are being contacted by the federal government. The government is questioning these people about their eligibility for the subsidies provided by the Affordable Care Act. According to the Obama administration, a large portion of those seeking coverage through health insurance exchanges may have provided misleading or false information concerning their incomes. This information does not match that which is stored with the Internal Revenue Service, which calls into question whether or not subsidies are…

Health insurance exchange glitches threaten policies for some consumers

September 1, 2014August 31, 2014 G. Turner

Despite the fact that many people have resubmitted their citizenship and immigration information, problems continue. More than 310,000 people across the United States were recently told that they must resubmit their citizenship or immigration documentation to the government by the end of this week in order to prove that they are eligible for the health insurance coverage that they had purchased through the state or federal exchanges, but now they are facing another threat to their protection. The glitches that remain in the Healthcare.gov site are getting in the way…

Health insurance ID card typo costs a Las Vegas family $1.2 million

August 12, 2014August 9, 2014 Julie Campbell

A simple mistake has meant that the family will need to pay over a million dollars in medical bills. Kynell Smith and his family have their health insurance coverage through Nevada Health Link, and while the policy provides them with what they need, an issue that has been called an Obamacare typo by critics has caused the Las Vegas family to have to pay $1.2 million in medical bills. As a result of this mistake, the Smiths are neither able to pay their bills nor add a new child to…

Health insurance settlement reached by Anthem in Missouri

August 7, 2014August 4, 2014 G. Turner

The insurer was accused of having failed to notify its customers that the same coverage was being offered for less. A health insurance company in Missouri has now reached a settlement in which it has agreed to send a total refund of almost $8 million to customers in the St. Louis area in order to compensate them for failing to inform them about identical plans that were being sold at a lower rate. The agreement was reached between Anthem BlueCross BlueShield and officials of the state of Missouri. The actual…

Insurance news of fines isn’t great for the wealthy

July 28, 2014July 26, 2014 Julie Campbell

Americans in higher tax brackets could find themselves paying a penalty almost $2,500 for being uninsured. The IRS has released an insurance news statement that indicated that the penalty that will be paid by individuals who have failed to comply with the individual mandate of the heath care reform and who have not purchased coverage will be up to $2,448. At the same time, there could be a fine of up to $12,240 for uninsured families with five or more members. The same penalty will not apply to everyone. It…

Health insurance premium payment support service at CVS

April 25, 2014April 23, 2014 H. Cutner

The company will be launching a new offering to help customers to pay these monthly bills. A recent announcement from CVS Caremark has shown that the company intends to launch a new service that is designed to help some customers to be able to pay their health insurance premiums. Members of certain participating coverage plans can head to any of the store’s locations for the service. Customers who are members of health insurance plans that participate in this program will be able to go to any of the CVS store…

Health insurance policies reduce the risk of emergency surgery

April 22, 2014April 19, 2014 G. Turner

A recent study has shown that people who are uninsured are more likely to require urgent procedures. The results of a new insurance news study have revealed that whether or not someone has coverage is linked to that person’s risk of having to undergo emergency aorta surgery, and that health insurance coverage is also tied to how well those people will actually do after they have received the operation. People who were uninsured had a notably larger risk of having to have urgent surgery on the aorta. The health insurance…