Live Insurance News

Health insurance policies sold through South Carolina exchange may become more expensive

September 8, 2014September 6, 2014 Logan B.

Department of Insurance believes that insurance policies will increase in cost next year The South Carolina Department of Insurance has predicted that the four health insurance companies that are selling policies through the state’s insurance exchange will again sell these policies during the exchange’s next open enrollment period. These plans will go active next year, but the agency believes that they will be more expensive than they were during the last open enrollment period. The agency will not know for sure if these policies will be more expensive until later…

Insurance exchange in Nevada open for buying health plans

September 4, 2014September 1, 2014 H. Cutner

Residents of the state don’t need to wait to purchase coverage for next year, as is the case in other parts of the country. Consumers across the United States are typically unable to purchase plans through their state or the federal insurance exchange until November 15,unless they have undergone certain qualifying life events since the start of the year, such as moving into a different state, the addition of a child to the family, or a marriage. However, individuals who live in Nevada are already able to access their insurance…

Michigan Chamber of Commerce to launch its own health insurance exchange

August 19, 2014August 16, 2014 S.Vagus

New insurance exchange is being prepared for Michigan The Michigan Chamber of Commerce is taking action on health insurance coverage in the state. The Chamber of Commerce has been keeping track of the Affordable Care Act and how its various provisions are being enacted. State officials have noticed two troubling trends: The commissions of the state’s insurance agents has been dropping and the state’s health care system became significantly more complicated than it had been before. In order to alleviate issues that have emerged in the state’s market, the Chamber…

Insurance exchange in Oregon leads to breach of contract lawsuit

August 13, 2014August 11, 2014 G. Turner

Oracle Corp. has now sued the state, alleging that the software it created is still being used regardless of disputed bills. The technology company behind the original insurance exchange in Oregon has now filed a breach of contract lawsuit against the state, saying that officials from that government are continuing to use Oracle Corp. software, even though there remain $23 million in disputed bills. The lawsuit was filed by Oracle at the very end of last week, in a Portland federal court. According to the filing, Oracle claims that state…

Health insurance rates may be going down in Florida

August 12, 2014August 9, 2014 Marc

Premiums could be lower than expected for some consumers beginning in 2015 Florida residents that purchase health insurance policies through the state’s exchange next year are likely to spend less in monthly premiums, according to an analysis from the White House. State officials had been warning that those purchasing individual coverage would be paying more for their policies in 2015, but this may not be the case for many of the state’s residents. While some may see higher rates due to purchasing better coverage or having to deal with the…