Live Insurance News

Federal health insurance website has been revamped

November 6, 2014November 5, 2014 S.Vagus

HealthCare.gov has been refurbished and may be better than it was last year HealthCare.gov has been refurbished ahead of the beginning of this year’s open enrollment period. Last year, the site sought to offer people throughout the country with access to inexpensive health insurance policies they could find through their state’s insurance exchange. As is often the case, ambitious concepts tend to fail to live up to expectations and the site struggled to accomplish its goal. Severe technical difficulties rendered the site unusable for some people, which left them without…

Health insurance costs for 2015 won’t be revealed until after the election

October 20, 2014October 19, 2014 G. Turner

There could be double digit increases in premiums in certain states where key Senate races are occurring. Consumers across the United States who intend to buy their health insurance on the federal exchange won’t need to wait much longer to find out what their premiums will be, but they will still need to wait until after the election on November 4 for their first glimpse at the official figures. That said, this won’t delay their ability to shop and make their purchases as open enrollment starts on November 15. This…

Insurance exchange in Washington now offers policy auto-renewal feature

October 17, 2014October 14, 2014 Julie Campbell

The state is now giving users of its Health Benefit Exchange marketplace the chance to automatically renew coverage. The Washington Health Benefit Exchange, the state’s insurance exchange is now giving people the opportunity to use its website in order to allow residents of the state to be able to automatically renew their health plans for 2015 without having to take additional steps. The marketplace is now sending out renewal letters to customers, as are many insurers. Starting this week the insurance exchange and individual providers have been sending out letters…

Insurance exchange in California awards $184 million in contracts without competitive bidding

October 15, 2014October 13, 2014 G. Turner

This stepped over a standard practice throughout the government in that state for this type of deal. The California insurance exchange has just announced that it has awarded contracts worth $184 million in a process that did not involve oversight or competitive bidding, which has moved itself outside of the standard practices that are used throughout the government in that state. These contracts include certain deals that will pay millions in dollars to a company with workers linked to the agency’s executive director. The no-bid contracts that were awarded by…

Insurance plans are being dropped by many small businesses

October 3, 2014September 30, 2014 G. Turner

The health care reform is making some company owners believe that they cannot afford to continue coverage. The latest wave in the health care reform appears to be a withdrawal of a number of small employers from offering insurance plans to their employees, as some have discovered that they will be facing notably higher premiums than they have previously paid. This rise in the price of health plans is causing a number of small business owners to forego coverage next year. Instead, these companies are frequently choosing to pay their…