Live Insurance News

50,000 Kansas residents sign up for health insurance coverage through exchange

December 24, 2015December 21, 2015 Logan B.

HHS shows that thousands of consumers have managed to find coverage through federal insurance exchange The U.S. Department of Health and Human Services has reported that some 50,000 Kansas residents have signed up for health insurance coverage through the state’s exchange as of December 12. The state’s exchange is managed by the federal government, as are most exchanges operating in the United States. Consumers can access the exchange through HealthCare.gov, which was recently revamped to provide better service to consumers that need to purchase insurance coverage. Open enrollment is set…

Health insurance scam uncovered in Kansas

November 20, 2015November 18, 2015 S.Vagus

Insurance enrollment scam has been discovered operating in the state A health insurance enrollment scam has been uncovered in Kansas. After receiving several complaints from consumers, the Kansas Association for the Medically Underserved has discovered the scam. Consumers have been reporting that an “aggressive marketer” claiming to represent the National Health Enrollment Center has been calling, attempting to encourage people to enroll through a system not affiliated with the state’s health insurance exchange. The culprit also claims to sell insurance coverage directly, allowing consumers to avoid the exchange marketplace. Complaints…

Coventry to exit Kansas health insurance exchange

October 29, 2015October 28, 2015 Nordstrom

Kansas residents may be forced to find new coverage as Coventry exits exchange Several thousand residents of Kansas may have to find new health insurance coverage soon. Coventry, a prominent insurer in the state, has announced that it will be exiting the Kansas insurance exchange. Currently, some 45,000 people receive coverage through Coventry policies that are sold through the exchange. Coventry accounts for approximately half of all policies that Kansas residents have purchased on the state’s exchange. These consumers still have options, but they may be more expensive, in some…

Health insurance rates to spike in Kansas

August 26, 2015August 26, 2015 Logan B.

State regulators approve health insurance rate increases Health insurance rates are expected to go up in Kansas next year. The Kansas Insurance Department has approved rate increases for individual coverage after having received proposals from many companies operating in the state. Rate increases are expected to affect those seeking coverage through the state’s insurance exchange as well as directly from insurers. For some, the premium hikes may present more financial strain, as state regulators have approved significant increases. Premiums expected to rise by an average of 25.4% Initially, some insurers…

Health insurance rates to spike in Kansas

June 11, 2015June 10, 2015 Logan B.

Kansas tax plan will lead to an increase in health insurance premiums for those with HMO plans A new tax plan could increase health insurance premiums in Kansas. The state’s Senate passed the $470 million tax plan over the weekend, which will create a $47 million tax increase on managed-care organizations. The tax increase represents a 3.31% rate increase on health insurance companies that offer HMO plans. The increased rate on insurers will likely translate into higher premiums for policyholders as these companies seek to recover losses and mitigate the…