CVS Caremark seeks to address issues concerning cancelled health insurance coverage

CVS health insurance

Cancelled policies could cause a problem for those on medication Many people throughout the U.S. have lost their health insurance coverage because of the provisions of the Affordable Care Act. These policies were cancelled because they do not comply with the standards established by the federal law. While a significant portion of those that had substandard policies will be able to continue receiving coverage from these policies, insurers have opted not to revive policies that have already been cancelled. CVS Caremark has decided to address the issue for the sake…

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Maryland health insurance computer glitch leaves thousands uninsured

Maryland Insurance

A problem with the exchange in the state may have left up to 5,000 enrollees without coverage. An issue that has been identified with the Maryland health insurance exchange has made it possible that a few thousand people in the state who believe that they have fully enrolled for the coverage required to comply with the individual mandate have not actually done so successfully. The state’s governor has acknowledged this issue, although a specific number of affected people is not known. Governor Martin O’Malley spoke on the subject of Maryland…

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Hawaii health insurance companies win approval for higher rates

Hawaii Health insurance company

Cancelled policies become more expensive in Hawaii Hawaii health insurance officials have approved rate increase proposals from some of the state’s largest insurance providers. The state’s Insurance Division has been investigating rate increase proposals to determine whether they are necessary or not and has seen a need for higher rates as insurers continue to juggle several financial issues. The new rates are primarily for insurance plans that were set to be cancelled due to the provisions of the Affordable Care Act. Several insurers have moved to continue honoring these policies,…

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Federal health insurance exchange enrollment tally passes 1.1 million

Health Insurance exchange

A massive surge of signups in December and the improved website have brought the marketplace’s numbers up. When the federal health insurance exchange finally got its website up and running smoothly at the end of November, it opened the door for Americans to finally be able to sign up for the plans that they needed in order to comply with the individual mandate of the Affordable Care Act, and the people came in droves to do just that. The Obama Administration has revealed that the site has now enrolled 1.1…

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California health insurance enrollees encouraged to pay premiums

health insurance deadline enrollment

Though many Californians have taken the step to purchase their plans, they are now being urged to make their payments. As the first major California health insurance deadline has now passed for purchasing coverage on the state’s exchange, these thousands of consumers are now being urged to actually pay for their first month of premiums in time for the next deadline, which is rapidly approaching. After an extension to the deadline, the first payment for premiums is now due on January 6, 2014. This deadline is for the California health…

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Arkansas lawmakers approve funding for health insurance exchange

New funding will allow state to continue managing exchange alongside federal government Lawmakers in Arkansas have approved funding that will allow the state to continue operating its own health insurance exchange. The funds, some $10.6 million, were approved by the Arkansas Legislative Council during a heated voting session. Many legislators opposed the initiative, suggesting that the Affordable Care Act remains flawed and that the federal law could potentially damage the state’s insurance market. Others claimed that the funding was needed in order to ensure that Arkansas has some degree of…

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President creates new health insurance loophole

health insurance

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…

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