Live Insurance News

D.C. health insurance exchange will be losing some options in 2016

July 14, 2015July 11, 2015 H. Cutner

Residents of Washington D.C. won’t have as much competition on the marketplace, next year. People who live in Washington D.C. will be finding that when they look over their health insurance exchange, next year, to comparison shop for plans, they won’t have quite as many options as they saw this year. There will actually be only one carrier from which to choose, which will considerably change the playing field. Because of the plummeting competition over the insurance exchange in D.C., many of the residents who will be using it will…

Alaska’s health marketplace loses 3 insurance companies

June 24, 2015June 23, 2015 Julie Campbell

Three insurers have now announced that they will no longer be selling individual plans in the state. Yet another insurer has now announced that it will be leaving the individual health plan marketplace in Alaska, which has brought the number of insurance companies that will be leaving the state up to three over the last couple of months, alone. This will cause over 5,000 Alaskans to have to seek out a new provider for their health care policies. The three insurance companies that have given their notice during the last…

Young adults are struggling to understand health insurance

June 24, 2015June 23, 2015 Marc

online health insurance technology exchange

Study highlights a lack of awareness of insurance terms and difficulty navigating HealthCare.gov Young adults may be having trouble enrolling in health insurance exchanges through HealthCare.gov, according to a study from the Robert Wood Johnson Foundation. The study revealed that many young adults had trouble navigating the federal insurance platform, which may come as a surprise considering that this demographic tends to be quite tech-savvy. This difficulty may be the result of the federal network’s structure, which has been criticized in the past for being ineffective. Lack of understanding could…

New health insurance legislation passed in Texas

June 3, 2015June 1, 2015 Marc

Health insurance cards for policies sold through state exchange will have a QHP label New legislation in Texas will place a special label on all health insurance cards for those that have purchased plans through the state’s exchange. This label — QHP — will be affixed to insurance cards to denote that policyholders have purchased coverage through the state’s exchange. The label stands for “qualified health plans,” which are policies that are approved to be sold through the health insurance exchange marketplace. This may serve as a “teachable” moment for…

Health insurance exchange in Colorado is after a Medicaid reimbursement

May 19, 2015May 16, 2015 H. Cutner

The financial survival of the state’s marketplace depends on being able to recover millions of dollars. The Colorado health insurance exchange is scrambling to be able to recover millions of dollars that were racked up in the expansion of the state’s Medicaid program in order to make sure that the marketplace will be able to remain financially viable. That said, the Connect for Health Colorado marketplace was not designed for the collection or counting of reimbursements. According to the new interim CEO of Connect for Health Colorado, Kevin Patterson, “We…