Live Insurance News

Health insurance companies could start treating patients like drivers

January 26, 2013April 30, 2013

Some American insurers intend to treat medical coverage similarly to auto policies. There have been many new developments in the health insurance sector over the last few months as companies prepare to manage the influx of new policyholders and to comply with the laws and regulations that have been put in place as a result of the federal healthcare overhaul. As a part of this change, some insurers have been changing their strategies to reflect vehicle coverage. Vehicle policies reward drivers who display good behaviors which would decrease their risk…

Health insurance savings on its way for residents of New York

January 9, 2013April 30, 2013

Those living in the state will be saving over $500 million on coverage premiums this year. Andrew Cuomo, the Governor of New York state, has just announced that the new power that has been given to the state to limit the increases in health insurance rates is already showing its benefits to the residents of the state. The state has limited a number of increases that insurers had proposed within the state. Cuomo said that this year alone, New Yorkers will not have to pay the over half a million…

Health insurance premiums 14 percent higher for smokers

January 4, 2013January 4, 2013 Julie Campbell

A report has also shown that obese adults are paying 22 percent more for their medical coverage. The results of an eHealth, Inc., study have been released in a report that functions as an addendum to the one that it issued two months ago, called “November 2012 Cost and Benefits”, and has shown that smokers and obese individuals are paying higher monthly health insurance premiums than their non-smoking and lower BMI counterparts. On average, these individuals are shelling out a significantly larger amount due to their increased risk factors. According…

Health insurance costs have risen by 62 percent

December 15, 2012April 30, 2013

Family coverage has skyrocketed since 2003, showing the increasing expense for those paying for plans. According to the latest health insurance data from the Commonwealth Fund in a recently released report, the total cost for a family plan – for both employers and for employees – broke the $15,000 mark last year, which represented an increase of 62 percent since 2003. Wages, on the other hand, increased by only 11 percent during that same period of time. The cost of commercial health insurance has undergone an increase in its price…

Health insurance premiums set to rise due to new tax

December 7, 2012December 6, 2012 Marc

New tax threatens to increase health insurance premiums A tax associated with the federal Affordable Care Act could lead to significantly higher health insurance premiums in the U.S., according to a new report from Oliver Wyman, a leading management consulting firm. The report was commissioned by America’s Health Insurance Plans, one of the leading trade groups in the country’s insurance industry. The tax is linked to health insurance and the report suggests that it could end up making the Affordable Care Act less deserving of its namesake. Affordable Care Act…