Consumers in Minnesota will now have until December 28 to purchase the coverage they need for next year. The health insurance deadline for purchasing coverage through MNsure and insurers in Minnesota has now been extended in order to allow consumers a longer open enrollment period in which to purchase plans that will become effective as of 2016. Shoppers who have waited until the last moment can now buy a policy as late as December 28. The announcement from both MNsure and the insurers for the health insurance deadline has meant…
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Tennessee health insurance enrollments have broken records
Many residents of the state are finding it easier and more convenient to enroll, regardless of their opinion of their plans. Residents of Tennessee have enrolled in the health insurance exchange in the state in record numbers, in order to comply with the requirements of the Affordable Care Act and in order to have done so by the first open enrollment deadline, which was on Tuesday. By December 5, there had already been 88,007 people in Tennessee who had signed up for health plans. Comparatively, by December 15, 2014 –…
Read MoreTennessee health insurance co-op faces complaints from consumers
Tennessee consumers are having problems with the state’s health insurance co-op, Community Health Alliance Tennessee’s Community Health Alliance, a health insurance co-op operating in the state, has become the subject of complaints being issued to the Tennessee Department of Commerce and Insurance. Now, the state agency is looking to hear from more people that may have had problems with the co-op in an effort to determine how outstanding problems can be resolved. At the end of the year, the co-op is expected to shut down, which will leave some 27,000…
Read MoreNorth Carolina health insurance companies owe $8.5 million in rebates
Insurers must return some $8.5 million in premiums to consumers and businesses Health insurance companies in North Carolina will be reimbursing consumers and businesses some $8.5 million, according to the state Insurance Commissioner Wayne Goodwin. These insurers have failed to comply with the medical loss ratio, a provision of the Affordable Care Act that requires insurers to spend no less than 80% of the money they collect through premiums on medical care. For insurers providing coverage to businesses, the medical loss ratio is set at 85%. Medical loss ratio continues…
Read MoreAetna and Anthem show faith in health insurance exchanges
Insurers see promise in exchange marketplaces throughout the United States Amidst concerns that health insurance exchanges in the United States may be bad marketplaces for insurers, Aetna and Anthem have begun working to reassure investors that this is not the case. Recently, many insurers have been reporting losses due to their participation in insurance exchanges. These losses have lead UnitedHealth, the country’s largest health insurance provider, to exit from all exchanges throughout the country. This has caused a great deal of worry for those receiving coverage through exchanges as well…
Read MoreFlorida health insurance stats place the state as third among uninsured
Despite the efforts made to spread awareness of the Affordable Care Act, many remain without coverage. Five years ago, when the Affordable Care Act was first launched, the health insurance coverage rate in Florida was among the lowest in the country, and now that half a decade has passed, Florida’s rank among the uninsured states is still in third place. That said, despite the large uninsured rate in Florida in terms of health plans, the situation has improved. Now that the health care reform is starting to settle in and…
Read MoreNew Mexico hospitals cite expansion of health insurance as reason for falling costs
Hospitals report falling costs due to more consumers having health insurance coverage New Mexico hospitals are reporting seeing lower costs in providing consumers medical care, even if they do not have health insurance coverage. According to a report from the Legislative Finance Committee, this is due to the expansion of the state’s Medicaid program through the Affordable Care Act. This has allowed more people to receive the medical care they need at relatively lower costs. This has had a positive financial impact for hospitals, as they are spending less money…
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