Live Insurance News

Health insurance marketplace to provide coverage to almost 81,000 N. Pennsylvanians

April 1, 2013March 29, 2013 G. Turner

Many residents in the northeast of the state will be able to take advantage of the assistance it provides. As of a newly released report, it has been estimated that almost 81,000 people in Northeast Pennsylvania will be eligible for purchasing health insurance that is subsidized by the government when the marketplace opens up in the state for coverage next year. The report gave details of exactly who will receive this eligibility in the state when the exchange opens. The name of the report is “Help is at Hand: New…

Health insurance rates in Florida may be set by federal government

March 22, 2013March 21, 2013 G. Turner

A Senate Bill would hand this responsibility over to the feds, should it pass. A Senate health committee in Florida has recommended that the state suspend the authority of the Florida Office of Insurance Regulation to be able to set the health insurance rates for companies under the Affordable Care Act, in favor of giving that responsibility to the federal government. The goal is to allow those setting rates to be able to keep up with the constant updates to the regulations. Federal officials have been updating the rate setting…

Health insurance rate proposals continue to drop in the US

March 2, 2013February 28, 2013 Logan B.

New report highlights the falling frequency of health insurance rate increases As U.S. insurers warn that health insurance rates will spike in 2014, the Department of Health and Human Services has released a new report that suggests that health insurance prices are actually falling, and have been doing so since 2009. The federal agency, which is responsible for the enactment of the Affordable Care Act, has been noting the concerns that consumers around the country have been expressing concerning the costs of coverage. The agency has released the new report…

Health insurance price limits for older beneficiaries held by federal government

February 26, 2013February 26, 2013 G. Turner

The Obama administration sticks to its restrictions on what insurers are allowed to charge. The federal government has now finalized a regulation for health insurance companies that is designed to safeguard consumers through tighter restrictions on what those insurers are allowed to charge older beneficiaries. The government made the decision despite warnings from the industry that everyone else may need to pay more. Health insurance companies have warned the Obama administration that if older customers are not allowed to pay more for their coverage, then younger policyholders may see their…

Health insurance in some parts of California may be on the rise

February 21, 2013April 14, 2014 Guest Author

Bay Area residents may experience hikes in their premiums for their coverage next year. Consumers living in the Bay Area could potentially experience increases to their health insurance premiums, say some industry experts, if new proposals are all to pass by lawmakers in the state. The federal healthcare law is currently being interpreted by lawmakers and could lead to some added cost. Though some have predicted that there could be health insurance rate increases by as much as 20 percent, others don’t believe that the increases will be anywhere near…