The D.C. Council will be making its decision about small business plans as early as next week. It is now believed that the decision regarding whether or not small business owners will be required to buy the health insurance for their employees through an exchange run by Washington D.C. will be made as soon as next week. This decision will help to determine how D.C. will be complying with the federal healthcare reforms. Council member Yvette M. Alexander (D – Ward 7) has explained that it is her intention to…
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Health insurance exchange for small businesses to be delayed
Though promised by the healthcare reforms, it looks like there may be another year to wait. Employees of small businesses may need to wait an extra year before they will be able to take advantage of the health insurance exchange that was promised to companies of that size, as the Obama administration has announced a delay in the implementation of an important provision to the Affordable Care Act. These workers were supposed to have access to coverage through the marketplace as of January 2014. This would have applied to small…
Read MoreHealth insurance expansion backed by Arkansas legislators
The Republican leaders of the House and the Senate in the state have supported the proposal. In Arkansas, the Republican leaders of both the House and the Senate have given their backing to a proposal that would buy private health insurance for thousands of residents of the state who are workers within lower income brackets. This purchase would be made using federal funds to help to ensure more wide scale affordable coverage. This is the latest idea being considered by lawmakers in Arkansas as an alternative to increasing the enrollment…
Read MoreHealth insurance price limits for older beneficiaries held by federal government
The Obama administration sticks to its restrictions on what insurers are allowed to charge. The federal government has now finalized a regulation for health insurance companies that is designed to safeguard consumers through tighter restrictions on what those insurers are allowed to charge older beneficiaries. The government made the decision despite warnings from the industry that everyone else may need to pay more. Health insurance companies have warned the Obama administration that if older customers are not allowed to pay more for their coverage, then younger policyholders may see their…
Read MoreHealth insurance in some parts of California may be on the rise
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…
Read MoreHealth insurance exchange may not draw as many employers as hoped
Businesses are expected to opt out, which could lead the cost to rise for those who are participating. Both state and federal officials, as well as consumer advocates, are now beginning to voice concerns that businesses that have workers that are relatively young and healthy will choose to opt out of the health insurance marketplace. This will be done to help to avoid the minimum standards for coverage as prescribed by the healthcare reforms. Though these businesses may choose to try to avoid this health insurance regulation in order to…
Read MoreHealth insurance options limited for thousands of North Carolina residents
A new bill in the state would leave many without choices when shopping for their medical coverage. Thousands of residents of North Carolina within the lower income brackets are being denied health insurance and, as a result of a measure that passed the House this week, they now have very limited coverage options available to them. This bill was drafted by the Republicans in the state with the purpose of helping to control costs. It is currently estimated that there are approximately 1.5 million people in North Carolina who do…
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