Live Insurance News

Illinois is on track to reach health insurance exchange enrollment goals

March 17, 2014March 15, 2014 S.Vagus

Enrollment in state’s insurance exchange continues to accelerate as people become more conscious of March 31 deadline In Illinois, enrollment in the state’s health insurance exchange has begun to pick up momentum. Nearly 900 people are enrolling for coverage through the exchange on a daily basis, according to figures released by the Department of Health and Human Services. Some 113,733 people throughout the state have enrolled for coverage through the exchange in the first five months of its existence. Similar results are being seen in other states when it comes…

Illinois launches new initiative to promote health insurance

March 5, 2014March 3, 2014 S.Vagus

State aims to encourage enrollment into its insurance exchange As the open enrollment period for state and federal exchanges in the U.S. approaches its end, many states are now making concerted efforts to boost enrollment rates in these exchanges. Per the Affordable Care Act, the open enrollment period is set to end on March 31. After this time, consumers will no longer be able to apply for health insurance coverage through exchanges until a new open enrollment period begins. New initiative aims to help inform consumers about the services available…

State agency seeks to provide guidance on homeowners insurance issues

November 22, 2013November 25, 2013 Nordstrom

Homeowners insurance confusion could be a problem for Illinois residents A powerful tornado swept through Illinois earlier this week, leaving a path of destruction in its wake. The city of Washington was one of those that suffered most from the natural disaster, which destroyed more than 500 homes and damaged property throughout the entirety of the city. The devastating event has caused some confusion concerning homeowners insurance and natural disasters, which has spurred the Illinois Department of Insurance to take action. Agency to provide one-on-one counseling sessions for disaster victims…

Illinois releases information on health insurance exchange

October 1, 2013September 30, 2013 Logan B.

Data released concerning state health insurance exchange Open enrollment for health insurance exchanges throughout the U.S. is about to begin and more states are beginning to release information concerning the policies sold through these exchanges. Illinois is among the latest states to provide new information for its health insurance exchange. The information primarily focuses on the premiums associated with the state’s exchange but also highlights the various services offered by the system and promotes awareness concerning the availability of federal subsidies designed to offset the cost of coverage. Rates to…

Illinois health insurance companies seek to circumvent federal law

August 6, 2013August 3, 2013 Nordstrom

Acts of health insurance providers create drama with state regulators Drama has erupted in the insurance industry in Illinois. The state’s Department of Insurance has taken issue with an action that many of the state’s largest health insurance providers plan to take in order to avoid federal reforms for an entire year. Per the Affordable Care Act, insurers will not be able to charge higher rates for women, those with pre-existing conditions, and other demographics beginning January 1, 2014. In an attempt to sidestep these new regulations, many of the…