Live Insurance News

Health insurance exchange website transactions failed one out of ten times

December 9, 2013December 7, 2013 Julie Campbell

Before the repairs, even when the site was “working”, it was recording only nine tenths of enrollments Though the Obama administration must have sighed a bit of relief when the federal health insurance exchange website was repaired in time for the start of this month, it has now been revealed that the website had not been properly transmitting about 10 percent of all coverage applications. A spokesperson for the government revealed that site users were let down more than previously believed. At the end of November, the White House brought…

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…

Cancelled policies in Nevada to stay cancelled

December 3, 2013November 30, 2013 Marc

Nevada health insurance commissioner State Legislature Building

Health insurance policies in Nevada remain cancelled The Nevada Division of Insurance has announced that all health insurance policies that were cancelled due to the Affordable Care Act’s provisions cannot be renewed in the state. This decision came after consulting with the attorney general’s office and meeting with several executives from insurance companies operating in Nevada. The logistics involved with reversing cancellations, especially after notices had already been sent to policyholder, have been deemed too extreme to be viable. 25,000 consumers forced to find new policies Some 25,000 Nevadans have…

Small business health insurance marketplace to be delayed until next year

December 2, 2013November 30, 2013 G. Turner

The changes that were made for the start of December are focused on selling to individuals. As the last month of the year gets going and massive changes were made to the federal exchange website, it is now known that an online small business health insurance marketplace will still be delayed until 2014. The troubled site has put off the launch of this feature until just under a year from now. As the Center for Medicare and Medicaid Services reminds Americans that the implementation of fixes to the website “do…

Health insurance companies flee South Carolina market

November 29, 2013November 26, 2013 Nordstrom

A dozen insurers opt out of South Carolina small group and individual markets Nearly a dozen health insurance companies are leaving South Carolina, according to the state’s Insurance Department. These insurers are refusing to write new health policies in the state, citing new regulations introduced by the Affordable Care Act. These regulations are placing significant financial strain on some companies and smaller insurers are finding it difficult to comply with some of the federal law’s provisions. As such, pulling out of the individual and small group markets of South Carolina…

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…

Health insurance issues place regulators in a difficult position

November 26, 2013November 25, 2013 Logan B.

Health insurance regulations continue to cause problems Insurance Commissioners throughout the U.S. have been placed in a difficult situation. Earlier this month, President Obama announced that insurance companies could continue to honor substandard health insurance policies rather than cancelling these policies because they do not comply with the standards of the Affordable Care Act. This is meant to create a transition period wherein consumers can have a reprieve from cancellations and insurers can better prepare to comply with federal law. The problem, however, is that many Insurance Commissioners have been…