Live Insurance News

President creates new health insurance loophole

December 24, 2013December 21, 2013 Logan B.

Loophole formed within the Affordable Care Act President Obama has vowed to resolve the issues that have beleaguered the federal insurance exchange network, which was established by the Affordable Care Act. In what some are calling the first major step to actualize this vow, the President has opened up a new legislative loophole in the federal law. This loophole will allow some people to be exempt from financial penalties imposed by the federal law on those that do not have active health insurance coverage beginning on January 1, 2014. Financial…

Healthcare law loophole opened by President Obama

December 23, 2013December 21, 2013 Julie Campbell

The hardship exemption is designed to put a delay in place for tax penalties for lack of coverage. At the very last minute, the Obama administration has announced that it would be opening up a loophole to the healthcare law that will provide some Americans with an exemption to tax penalties for lack of health insurance coverage if they had previously had a plan which was then cancelled because it did not meet the minimum benefit requirements of the Affordable Care Act. The opposition has taken the opportunity to state…

New York health insurance exchange set to meet its goal

December 13, 2013December 10, 2013 G. Turner

Enrollments in the state are on track with where it had expected to be and what it hoped to achieve. So far, while the implementation of the most public facing element of the healthcare reforms has been rather rocky, things appear to be perfectly on track with the New York health insurance exchange, as it has seen over 100,000 people enrolling and feels that it is on track to be able to reach the goals that it has set. With only two weeks left in which residents are able to…

Maine officials work to raise awareness of health insurance opportunities

December 12, 2013December 10, 2013 Nordstrom

Maine residents may lack access to guidance Guidance concerning health insurance has been difficult for some to attain in Maine since the launch of the state’s insurance exchange in October. Nearly a dozen of the state’s largest communities are located more than 15 miles from navigators that can provide assistance to those interested in applying for coverage through the exchange system. While many consumers can access navigators via phone, navigators themselves have proven to be quite busy and it can be somewhat difficult to get in touch with a counselor…

Health insurance website is the focus of new federal push

December 4, 2013January 17, 2014 Julie Campbell

Now that the HealthCare.gov site has been redone and is working, it is the center of a new campaign. As of yesterday, the Obama administration has launched a brand new campaign to promote the use and the benefits of the health insurance website that has now been repaired after a very difficult first couple of months, and to underscore the advantages of the president’s signature healthcare reforms. The new push is aimed to put the technical problems and cancelled policies in the past. This new campaign for the federal health…

Healthcare reform experts recommend double checking health insurance status

December 4, 2013December 3, 2013 G. Turner

Now that HealthCare.gov is repaired, consumers who previously purchased plans are urged to verify enrollment. The White House has now declared the federal health insurance exchange to be fully up and running, but is also recommending that individuals who enrolled in this part of the healthcare reform ahead of the fixes, should check to ensure that they truly do have the coverage they believe that they purchased. Those who enrolled online through the exchange while the errors are still present may not be enrolled after all. Although the largest public…

Colorado health insurance is very far from meeting its enrollment needs

November 29, 2013November 26, 2013 H. Cutner

At the moment, only about 6,000 people have enrolled, but it requires over 136,000 to meet its goals. The Colorado health insurance exchange is well behind its goals for encouraging individuals throughout the state to enroll in their coverage in order to comply with the so called individual mandate of the Affordable Care Act. Far fewer consumers are purchasing the coverage that they need to comply with the healthcare reforms than expected. In fact, at the moment, the estimates of the Colorado health insurance exchange’s performance are that the enrollment…