Live Insurance News

65% of Americans believe employer-sponsored health insurance is financially critical

June 1, 2023May 31, 2023 Nordstrom

A new AHIP survey showed that employers feel it is important to recruitment and retention. About 65 percent of US adults feel that their employer-sponsored health insurance gives them “financial peace of mind” according to the results of a new AHIP survey. The survey was conducted as a component of a broader AHIP Coverage@Work campaign. The survey was conducted by Locust Street Group and ran from April 17 to April 25 on behalf of AHIP. The purpose was to gather insights into the thoughts adults have across the US regarding…

2 health insurance companies say cyberattack compromised customer data

May 30, 2023May 29, 2023 H. Cutner

Health insurance companies - Cyberattack - Digital security

The insurers say that they experienced a data breach and customer information was compromised. Two major health insurance companies in Massachusetts and New Hampshire are alerting their customers that they experienced a cyberattack in the form of ransomware in March and April, at which time some of their members’ personal information was compromised. The corporate parent of the insurers has confirmed that the threat impacted customer personal data. The corporate parent of Tufts Health Plan and Harvard Pilgrim Health Care health insurance companies, Point32Health, has announced that the threat impacted…

Texas has more new health insurance plan enrollments than any other state

February 9, 2023February 7, 2023 Nordstrom

This year, the state has added 570,000 new enrollments to its Affordable Health Care Plans. Texas now leads all states across the US in people newly covered by health insurance, after having added 570,000 people to its Affordable Health Care Plans. The state made a number of important changes to boost the appeal and affordability of coverage. To help overcome its uninsured problem and bring in almost 570,000 new enrollments for 2023, Texas boosted its subsidy, implemented a new state rate law, and repaired the “family glitch”. The outcome has…

More than 16 million Americans enroll in Obamacare health insurance

January 31, 2023January 30, 2023 Logan B.

Health insurance - Obamacare - Affordable

This figure represents a record-breaking number of enrollments into the Affordable Care Act’s coverage. Over 16.3 million people across the United States purchased health insurance through the Affordable Care Act (ACA) in the most recent open enrollment period, for a record number of enrollees since the program initially launched a decade ago. The enrollments took place between November 1, 2022, and January 15, 2023. The 16.3 million people who purchased their health insurance through the ACA represents an increase of about 2 million people over the number of enrollees from…

Uninsured rates are low in the US but health care costs continue to be burdensome

October 11, 2022October 8, 2022 Logan B.

Health care costs - US - Money - Calculator

A new Commonwealth Fund study showed that underinsurance remains a strong concern. The Commonwealth Fund has released the results of a new study which found that health care costs remain a serious burden to working-age adults, even though many had insurance coverage. The study showed that 43 percent of adults had inadequate coverage despite having a plan. Even though many of the working-age adults who took part in the study had insurance, 43 percent of them were considered to be underinsured, meaning that health care costs were still a financial…

New York health insurance rates could rise by double digits

July 4, 2022July 1, 2022 Marc

Health insurance Coverage Rates - New York

Both consumers and small businesses alike are expected to see the rise in monthly premiums. New York health insurance companies are currently filing for rate hikes to be applied in 2023 on their small group plans and for individual consumers. Insurers are seeking to hike rates as much as 46 percent on plans covering companies with under 100 employees. New York health insurance companies have also asked for increases as high as 35 percent for customers who aren’t a part of groups with plans, but who will be buying their…

Insurance agents hit with slashed commissions as new ACA enrollments launch

April 6, 2022April 5, 2022 G. Turner

Insurers offering Affordable Care Act coverage are sometimes reducing the cut for those selling it. Insurance agents working for insurers selling coverage through the Affordable Care Act have started to alter the relationship they have with those employees by slashing – or eliminating – commissions for sales. Bright Health is among those that have advised their brokers that their commission structure is changing. According to a recent report in Fortune, Bright Health issued a note to its insurance agents stating that they had seen “extraordinary growth” in the enrollment into…