Tag: HHS

Florida Insurance News – Wrestling with health care reform

S.Vagus
North Carolina Insurance News

Florida Insurance News Headline: Officials concerned of losing control of health insurance industry When the Affordable Care Act was passed in 2010, several states banded together to overthrow what they considered to be an unconstitutional law. Earlier this year, the matter went before the Supreme Court, where the law was upheld. Florida was one of the state’s leading the charge in dismantling the Affordable Care Act and, despite the Supreme Court ruling, continues to oppose the law due to its controversial provisions. Florida, along with other stats, have expressed concern that…

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Health insurance rebates come in at $1.1 billion for consumers this summer

S.Vagus
Disability Insurance News

Rebates generated by medical loss ratio provision The Department of Health and Human Services (HHS) has announced that U.S. health insurance consumers are due to receive significant rebates in the coming months. The agency claims that millions of people throughout the country are eligible to receive $1.1 billion in health insurance rebates this year. The rebates are linked to the failure of several insurance companies who were unable to meet a federal standard imposed by the Affordable Care Act. The standard is often referred to as the medical loss ratio.…

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HHS releases a wealth of insurance information to consumers

S.Vagus
Online health Insurance exchange

HHS provides access to vital insurance information For several years, it has been difficult for individuals and families to obtain information from the federal government concerning the cost of health insurance. For some companies, information pertaining to how they price insurance policies is a tightly held secret. With health care reform on the mind of many consumers, however, the demand for this information has become too big to ignore. The U.S. Department of Health and Human Services (HHS) has announced that it will be releasing a large amount of federal…

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Department of Health and Human Services says that health insurance rates are too high in nine states

The Department of Health and Human Services (HHS) has announced that health insurance rates in nine states are far too high to be reasonable. HHS Secretary Kathleen Sebelius has determined that these rates are excessive under the authority granted to the agency by the Affordable Care Act. The law gives federal and state insurance regulators the authority to review health insurance rate increases of 10% or higher and determine whether they are necessary. The insurance companies in these nine states will be requires to justify their rates or make changes…

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New guidelines concerning federal Insurance Verification law published by federal agencies

Marc

The Department of Labor, Department of Health and Human Services, and the Internal Revenue Service have released new guidelines for the federal “Insurance Verification” law that will be enacted in September of this year. The law, often referred to as “One Nation, One Verification,” aims to make verifying health insurance less problematic. The law exists to augment to Affordable Care Act. The federal health is meant to make attaining insurance coverage easier for Americans, but this ease of access could create administrative nightmares as consumers purchase policies that will allow…

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