Live Insurance News

Health insurance premiums to spike in Oregon

July 3, 2015July 2, 2015 Marc

Oregon Insurance Division reveals final decision on rate proposals for 2016 The Oregon Insurance Division has revealed its final decision concerning rate proposals coming from the state’s health insurance companies. Many of the state’s insurance providers have sought to raise premiums on the coverage that they provide. State regulators have been investigating these proposals to determine whether or not they are necessary. The Insurance Division has announced that, in most cases, insurance rates will go up on individual policies in 2016. Regulators approve the majority of rate increase proposals While…

Health insurance platform raises $5.9 million in funding

July 2, 2015July 1, 2015 Logan B.

SimplyInsured has won strong investment support from venture capital firms SimplyInsured, a health insurance platform that caters to small businesses, has announced that it has received $5.9 million in Series A funding. The funding round was lead by several venture capital firms, such as Bessemer Venture Partners and Altair.VC. The startup provide small businesses with a way to compare rates on health insurance plans offered by various insurers. It also provides them with a way to administer these plans through the SimplyInsured platform. Funding will help expand the company’s marketing…

Health insurance trends still show challenges for transgender consumers

June 26, 2015June 24, 2015 Julie Campbell

transgender LGBT Gay health insurance trends

Many people are facing lengthy battles with insurers regarding the coverage of certain procedures and medications. Across the United States, there are an estimated 700,000 people who are transgender, and many of those consumers have been facing considerable struggles as the latest health insurance trends are not providing coverage for certain medications and procedures that are commonly needed by these individuals. As the public becomes more aware of this population, it is increasingly evident that insurance coverage is highly complex. When it comes to procedures related to transgender people, the…

Health insurance is now more accessible in Washington than ever before

June 26, 2015June 25, 2015 Logan B.

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Affordable Care Act has been a major success in Washington Health care reform may have been a major success in Washington, according to the state’s Insurance Commissioner, Mike Kreidler. This week, Keridler spoke to a Congressional subcommittee, highlighting the benefits that the Affordable Care Act has brought to his state. Most notable among these benefits is the impact that the law has had on the uninsured population. According to Kreidler, Washington now has the lowest rate of uninsured people it has seen since 1987. State’s uninsured population drops to 8.5%…

Insurance coverage for children’s wigs could become mandatory

June 19, 2015June 19, 2015 Julie Campbell

If a new bill should pass the House in Michigan, it will mean health plans will be required to provide cover. New legislation that has been introduced in the Michigan House could soon mean that there will be health insurance coverage for wigs for children who have lost their hair as a result of an illness. This bill would classify the children’s wigs as being prosthetics and would require them to be covered. This way, the insurance coverage would be the same for the wigs as they would be for…