Tag: health insurance rates

Health insurance rates for workers in New Mexico are on their way up

Health Insurance rate increases

Premiums may increase by as much as 15 percent for state government employees. Employees of the government of New Mexico may be facing health insurance premiums increases by as much as 15 percent as a result of rising medical care costs. This is the estimate made for those covered by the most popular plan. The increase will bring about an average annual rise of $133 for a single worker who makes $45,000. For family coverage for a worker who makes the same amount of money, the average annual increase will…

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Health Insurance Rate Review Act gains support

Marc
Montana Senator Jon Tester

Health Insurance Rate Review Act earns the support of Montana Senator Montana Senator Jon Tester has announced his support of a new legislation that would give states the ability to block what they consider unreasonable health insurance rate hikes. The legislation is known as the Health Insurance Rate Review Act and will grant state Insurance Commissioners expanded authority over rate proposals coming from health insurance companies. Per the legislation, regulators will be able to deny or modify increases to health insurance rates. They will also be able to require insurers…

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Health insurance rates will experience a slight increase in Massachusetts

H. Cutner
Health Insurance rate increases

Though it will be a minor rise, it will still be greater than the quarter before. Individuals and small businesses who will have their health insurance policies renewed on October 1, 2012 should expect to see a base rate increase on their premiums of an average of 2.1 percent on Massachusetts policies. This is a much lower increase than the 5.5 percent the state added to its base rate in 2011. According to the data at the state Division of Insurance, though Massachusetts has been very effective in keeping its…

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Regence Blue Cross Blue Shield looks to raise rates in Oregon

S.Vagus
Health Insurance rate increases

Insurer’s rate proposal may be unjustifiable, according to the OSPIRG Foundation Recently, Oregon’s Regence Blue Cross Blue Shield sought to increase rates for individual health insurance plans. According to the rate increase proposal, some consumers may see their premiums rise by as much as 16% if the proposal is accepted by state regulators. A new analysis released by the OSPIRG Foundation, a consumer advocacy group, suggests that the health insurance company is not able to justify its need for rate increases. The rate proposal from Regence Blue Cross Blue Shield…

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Health insurance rate growth for employers may be slowing

Marc
cheap policies

National Business Group on Health releases new report concerning employer-sponsored health insurance The National Business Group on Health, a conglomeration of companies in the public sector, has released a new report forecasting the future of employer-sponsored health insurance. The report, which is the latest in an annual series, surveys 342 businesses and examines their stance on providing health insurance for their employees. Over the past several months, employers have expressed concern for the apparent rapid pace at which health insurance rates were growing. The report suggests that this may not…

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