Live Insurance News

Health insurance exchanges serve as effective safety net

August 18, 2015August 15, 2015 Logan B.

online health insurance technology exchange

Federal data shows that consumers can find coverage through exchanges if they have lost their insurance Health insurance exchanges in the United States are performing well as a safety net for those that lose their coverage. The federal government has released data concerning how exchanges operate as a safety net, which is something that is often overlooked by those involved in the insurance sector. These exchanges were meant to expand the availability of insurance coverage to millions of consumers, but they have also managed to ensure that people have a…

State-run health insurance exchanges have crippling financial problems

July 30, 2015July 29, 2015 Marc

States running their own exchanges are having trouble funding themselves State-run health insurance exchanges are having difficulty managing high costs and low enrollment numbers. If such challenges persist, some states may decide to relinquish control of their exchanges to the federal government. Hawaii is one of the states that may soon cede control of its exchange. The state launched its own exchange with the aid of $205 million in federal grants, but it has failed to achieve its enrollment goals. Hawaii’s insurance exchange will rely on HealthCare.gov next year Hawaii’s…

State run insurance exchanges face current and future financial struggle

July 29, 2015July 28, 2015 Julie Campbell

Lower enrollment and higher costs are causing disappointment for some of the marketplaces. Many of the state run insurance exchanges are facing some disappointing results after their first year and a half in fully operational existence, after lower than expected enrollment and high costs have led them to face a number of challenges. The issues being faced could lead these insurance marketplaces to make considerable changes. Among those changes may be that they will hand the control over the insurance exchanges to the federal government. It has also been suggested…

Young consumers remain confused about health insurance

July 10, 2015July 9, 2015 Marc

Study finds that young adults are still confused about insurance terminology Many young consumers are concerned about the cost of health insurance policies, but they are still confused about out-of-pocket expenses, according to a study from the Children’s Hospital of Philadelphia. The study is quite small, with researchers observing 33 young adults between the ages of 19 and 30 as they purchased insurance coverage through HealthCare.gov. The online marketplace has made it easier for consumers to acquire coverage, but they may not have a full understanding of insurance terminology. Consumers…

Young adults are struggling to understand health insurance

June 24, 2015June 23, 2015 Marc

Study highlights a lack of awareness of insurance terms and difficulty navigating HealthCare.gov Young adults may be having trouble enrolling in health insurance exchanges through HealthCare.gov, according to a study from the Robert Wood Johnson Foundation. The study revealed that many young adults had trouble navigating the federal insurance platform, which may come as a surprise considering that this demographic tends to be quite tech-savvy. This difficulty may be the result of the federal network’s structure, which has been criticized in the past for being ineffective. Lack of understanding could…

Health care reform tax error affects 800,000 people

February 23, 2015February 21, 2015 G. Turner

Erroneous taxation information in the HealthCare.gov website has caused a problem for many Americans. Among the Americans who have enrolled in the insurance policies required by the health care reform, through the HealthCare.gov federal website, have received incorrect tax information from the government and are being advised to wait a while before filing their tax returns, to give the government time to correct the error. Also announced at the same time as this error, was the additional time that Americans would receive for enrollment. Congressional Democrats pressured the Obama administration…

Health insurance enrollment period extended in Washington

February 19, 2015February 18, 2015 Logan B.

States begin extending the enrollment period for their insurance exchanges The open enrollment period for health insurance exchanges in the United States has come to an end, but that may soon change for many states in the country. In Washington, the enrollment period has been extended until the middle of April, which will allow more people to sign up for health insurance coverage through the state’s exchange. In other states, lawmakers are considering extension to the enrollment period, as well. Federal penalties encourage states to extend their enrollment periods in…