Live Insurance News

Obama Administration extends renewal opportunities for substandard health insurance policies

March 11, 2014March 11, 2014 S.Vagus

Government continues to attempt to fix problems associated with cancelled insurance policies As the Obama Administration continues to face harsh criticism concerning health care reform, it is working to resolve the issues that are associated with the cancelation of health insurance policies. Many policies have been cancelled due to the provisions of the Affordable Care Act. The federal law requires insurers to cancel policies that are considered substandard. Cancellations have left many people throughout the country without insurance coverage and this has caused a great deal of frustration to be…

Young people are showing interest in health insurance

February 18, 2014February 17, 2014 S.Vagus

HHS releases new data concerning enrollment in state and federal insurance exchanges The U.S. Department of Health and Human Services has released new data concerning enrollment in health insurance exchanges throughout the country. These exchanges are meant to provide consumers with access to affordable insurance coverage. The policies sold through these exchanges are offered by private insurance companies and must provide certain benefits according to federal regulations. Enrollment in exchanges has been somewhat slow due to ongoing technical problems with the exchange infrastructure. Young consumers are beginning to show more…

Health care reform mandate delayed yet again

February 13, 2014February 11, 2014 Julie Campbell

The White House has now put off employer fines until 2016 after continued rollout struggles. According to the latest large delay issued by the Obama administration for the health care reform, the majority of employers will still not face a fine next year if they do not offer insurance benefits to their employees, yet. The timing of the implementation of this element of the health insurance law has now been pushed back. According to the Affordable Care Act’s regulations, the Treasury Department has stated that businesses that have between 50…

Understanding what health insurance does and does not cover

February 1, 2014March 1, 2014 Guest Author

Insurance doesn’t cover everything Health insurance is often a controversial issue. From criticism of for-profit insurance companies to new laws that are having a dramatic impact on how health care works, it can be difficult to understand exactly what is and is not covered by a typical insurance policy. Without an understanding of what insurance companies do and do not cover, you could be placing yourself at serious financial risk. It should be noted that no single insurance company provides coverage for all diseases. While insurers in the U.S. are…

Health care reform brings better insurance to some in Maryland

January 21, 2014January 18, 2014 Julie Campbell

Consumers in the state are not signing up in record numbers but they are trading up for improved coverage. According to some of the latest figures from the health care reform in Maryland, the insurance exchange in the state isn’t necessarily making a tremendous dent in the number of uninsured people, but it is giving individuals a way to make sure that they are receiving the best possible coverage. Many people have upgraded their coverage but are paying less for their plans. The state doesn’t yet have the data regarding…

Health insurance plans purchased by over one million Americans

December 24, 2013December 21, 2013 G. Turner

According to Obama, much of this figure came from the over 500,000 who signed up on the federal site this month. According to a statement made by President Barack Obama, over one million people have now purchased their health insurance plans on the exchanges across the country, with over half of that number coming from the federal HealthCare.gov website, throughout the month of December. Despite a very rocky start, it does look as though enrollment has considerably picked up. The president revealed hints at these figures that had been tightly…

Consumers may require guidance when it comes to health insurance exchanges

October 24, 2013October 21, 2013 Nordstrom

Confusion remains a prevalent problem when it comes to health insurance exchanges The University of Iowa’s Public Policy Center and College of Health have released the results of survey concerning the state’s health insurance exchange. The state’s exchange has become quite popular among consumers looking to find affordable health insurance policies, but the exchange’s website has fallen victim to numerous technical problems that have prevented many from finding the coverage they are interested in. According to the survey, technical problems are only one issue that consumers are facing. Survey shows…