A new survey released yesterday by Towers Watson, a leading professional service and consulting firm, and the National Business Group on Health, a trade organization, claims that health insurance is getting more expensive, but is also covering much less than it used to. The survey, which targeted several large companies throughout the U.S., shows that employees are paying more for their coverage this year than they have in the past. They are also subject to more restrictions on their insurance and health care options, with many benefits being cut by…
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Growing number of young adults in Minnesota have health insurance coverage
The Minnesota and Massachusetts health insurance coverage rates are currently drawing attention as they have achieved rates of 98 percent and officials try to determine whether or not they have reached their highest possible levels. A Minnesota survey published in an article called “Many Minnesotans Still Without Insurance” has indicated that the segment of people within the state who are currently uninsured has not entirely returned to the levels that had been reached by the end of 2009. The uninsured rate last year had kept stable at 9.1 percent, regardless…
Read MoreWashington is one step closer to building its own health insurance exchange
Washington lawmakers have passed a bill that opens the way for a health insurance exchange to take root in the state. The bill will set up rules that will help the state prepare for the construction of the exchange and govern its operation for the foreseeable future. Legislators believe that this will help the state fully comply with the Affordable Care Act of 2010 and will help it adhere to federal deadlines. Currently, the exchange is expected to be fully operational by January 2014. The rules established by the bill…
Read MoreWhat type of insurance coverage should a college student consider?
If your child is already in college, or will be headed there within the next few months or years, then you may want to begin thinking about the different types of insurance coverage that may be important for him or her during this first time away from home. The odds are that he or she will remain free if incident throughout the entire time at college, but just in case some of those close calls go awry, it is best to be protected. The following are some of the types…
Read More91% of Texans to be insured by 2014, thanks to the Affordable Care Act
The Texas Medicaid Director, Billy Millwee, spoke to the House Public Health and Insurance committees this week regarding the Affordable Care Act. The director has been tracking the trends and effects that the federal health care law has birthed in the state and has come to a promising conclusion. Currently, 74% of the state’s residents have some form of health insurance coverage. Millwee claims that when the Affordable Care Act is fully enacted in 2014, this will jump to 91%. By that time, only 2.3 million Texans will have no…
Read MorePennsylvania to answer consumer questions regarding state’s health insurance exchange
As Pennsylvania continues its slow and steady march toward building a health insurance exchange, residents of the state are coming to the Department of Insurance with questions about how the exchange will affect them. The state’s Department of Insurance has been awarded a $1 million grant from the federal government to help keep consumers informed over the matter. With the money, the department has hired additional staff, whose purpose it is to answer the questions consumers have about the exchange and the Affordable Care Act. Pennsylvania has stood in opposition…
Read MoreReport shows that employees in California will be paying more for their health insurance coverage
InstantHealthInsuranceQuotes.com, a premium aggregation website, has released a new report that shows how employees in California are beginning to pay more for their insurance coverage. The report suggests that employers are trickling down the cost of coverage to their employees in an attempt to offset the cost of insurance. This is largely due to the rate at which health insurance premiums are rising. Some employers claim that rates are rising to levels that they can no longer support without more help from workers. The company’s report is based on a…
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