Live Insurance News

Health insurance in some parts of California may be on the rise

February 21, 2013April 14, 2014 Guest Author

Bay Area residents may experience hikes in their premiums for their coverage next year. Consumers living in the Bay Area could potentially experience increases to their health insurance premiums, say some industry experts, if new proposals are all to pass by lawmakers in the state. The federal healthcare law is currently being interpreted by lawmakers and could lead to some added cost. Though some have predicted that there could be health insurance rate increases by as much as 20 percent, others don’t believe that the increases will be anywhere near…

Washington introduces new health insurance regulation

February 5, 2013February 4, 2013 Marc

Health Insurance coverage - uninsured drops

Legislators enforce new health insurance regulation concerning clinical trials Legislators in Washington have been making moves to make health insurance more consumer friendly in recent months. As part of this ongoing effort, the state’s Office of the Insurance Commissioner has introduced a new insurance regulation that will have an impact on insurers and the coverage they provide those participating in clinical trials. Health insurance companies have traditionally refused to provide coverage for such trials because of their uncertain, and often risky nature. Now, however, the state is ready to force…

Affordable Care Act creates strife for Florida regulators

January 30, 2013January 28, 2013 Dan

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Regulators struggling to enact provisions of Affordable Care Act Insurance regulators in Florida are having a hard time complying with the Affordable Care Act. Late last week, regulators approached a legislative committee concerning the matter, informing lawmakers that they face a range of complex issues that inhibit them from making progress. Regulators cite a multitude of legal requirements and filings coming from the state’s health insurers as major factors in prohibiting their ability to implement key provisions of the Affordable Care Act. Legislative direction thought by state’s regulators Regulators are…

TrueCost plan sparks dispute in Cincinnati

January 28, 2013January 27, 2013 Dan

health insurance rates highest and lowest

TrueCost plan provokes standoff between employees and employers A standoff in Cincinnati, Ohio, between employees and their employers has formed concerning a controversial new health insurance plan called TrueCost. The plan has become very popular for Cincinnati employers, but workers are concerning over the potential the plan has of introducing a variety of new medical costs. So far, nine Cincinnati employers, representing some 5,000 employers combined, have adopted the TrueCost plan, which comes from Custom Design Benefits. Plan allows employers to take control of health care costs According to employers,…

Covered California wins additional funding from federal government

January 22, 2013January 22, 2013 Nordstrom

Covered California receives $674 million grant The California health insurance exchange, which is called Covered California, has been awarded an additional $674 million in funds from the federal government. The funds will help with the development and launch of Covered California, as well as power the marketing campaign that will promote the health insurance exchange. The funds will be issued to the state over the next two years, with part of this grant to be used after Covered California officially begins operation in 2014. Funds to be used to market…

Health insurance change goes unnoticed by many small businesses

January 21, 2013January 21, 2013 S.Vagus

Small, yet significant change to health insurance mandate made late last year Small businesses throughout the U.S. have been bracing for the financial impact of new health insurance regulations that will go active in 2014. Projections suggest that the health insurance policies that these companies offer to employees will become significantly more expensive when these regulations go live. In late December, 2012, amidst debates concerning the “fiscal cliff” that the country had been facing, an amendment to these federal regulations was introduced that went mostly unnoticed by small businesses. Regulation…

Florida faced with $300 million penalty from federal regulators

January 19, 2013January 19, 2013 Dan

Florida runs afoul of regulators due to health insurance program The State of Florida has run afoul of federal insurance regulators and is facing serious penalties under the federal health care law. The state’s health insurance program for public workers is the subject of the problem. Those responsible for the health insurance program warned that Florida could be liable for penalties, and federal regulators have taken note of the issue. If the Florida Legislature does not take action within the next few months, the state may be forced to brace…