Live Insurance News

Health insurance rates to spike in Kansas

June 11, 2015June 10, 2015 Logan B.

Kansas tax plan will lead to an increase in health insurance premiums for those with HMO plans A new tax plan could increase health insurance premiums in Kansas. The state’s Senate passed the $470 million tax plan over the weekend, which will create a $47 million tax increase on managed-care organizations. The tax increase represents a 3.31% rate increase on health insurance companies that offer HMO plans. The increased rate on insurers will likely translate into higher premiums for policyholders as these companies seek to recover losses and mitigate the…

Health insurance rates may be going up in Alabama

June 4, 2015June 2, 2015 Nordstrom

Insurers seek rate increases Health insurance premiums for policies sold through the Alabama exchange could be rising by a significant margin. Blue Cross Blue Shield of Alabama, which sells policies through the exchange, is requesting a rate increase averaging 28%. This rate increase would affect individual plans. For the Blue Choice Platinum – Individual plan that the insurer offers, rates could go up as much as 71%. The rate increases are expected to affect some 175,000 people. Average cost of UnitedHealthcare plans could grow by 24.5% Another insurer is also…

More people have health insurance, but cannot pay for medical care

May 20, 2015May 19, 2015 S.Vagus

Survey shows that consumers are struggling to pay for medical care themselves The Affordable Care Act has made it possible for millions of people in the United States to obtain health insurance coverage, but the federal law may be falling short when it comes to addressing the cost associated with medical care. A new survey from Families USA shows that many people cannot afford the out-of-pocket costs of their medical care. The health insurance policies that these people have are not making it more possible for them to access medical…

Affordable Care Act leads to spike in health insurance premiums

April 2, 2015April 1, 2015 Nordstrom

Premiums are higher due to the provisions of the Affordable Care Act The Affordable Care Act has lead to a significant increase in health insurance premiums, according to an analysis from the Heritage Foundation. Though the Affordable Care Act was signed into law five years ago, it has only been two years since the majority of its provisions have been implemented. This has caused insurance premiums to rise dramatically for many consumers in the United States. This may not be surprising, however, as the law requires insurers to provide coverage…

Health insurance premiums see modest rise in Georgia

March 20, 2015March 19, 2015 Marc

State’s insurance rates remain steady despite fears of major increases The cost of coverage from Georgia’s health insurance exchange have remained steady, according to a study from the Urban Institute. Many had feared that premiums for policies sold through the state’s exchange would increase at a rapid pace, but this has not been the case. The exchange sells plans in Bronze, Silver, Gold, and Platinum categories, with each tier offering their own level of coverage benefits, with Platinum being considered the most comprehensive. Silver tier plans are, by far, the…