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…
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Health insurance rates to rise in Kansas
State agency announces that health insurance premiums will grow Health insurance premiums may be on the rise in Kansas. According to the Kansas Insurance Department, premiums for coverage in the private market, as well as for policies sold through the state’s insurance exchange, will increase in 2016. Several insurers have proposed rate increases, though a small number of these companies have actually planned to lower rates next year. Increasing rates could make it more difficult for consumers to afford their health insurance coverage. Insurers raising rates by 10% or more…
Read MoreKansas wants to recruit more health insurance providers, as well as others
New Insurance Commissioner aims to recruit insurers to provide better health insurance, and other coverage, options Kansas has a new Insurance Commissioner, and he wants to ensure that consumers have access to a more robust insurance market than they did in the past. Ken Selzer has taken office as the Kansas Insurance Commissioner and he has promised to begin enticing more insurance companies to come to the state. As more insurers come to Kansas, the options that consumers have for coverage will grow. This will also introduce more competition in…
Read MoreEarthquake insurance is gaining more attention in Kansas
Recent quake leads to spike in interest for insurance coverage Demand for earthquake insurance is on the rise in Kansas. The state’s insurance agents are reporting that more people are becoming interested in coverage for natural disasters. Since a 4.8 magnitude earthquake struck the state last week, several insurance agencies have been receiving queries about the type of coverage they have to offer that can protect against such disasters. This new trend represents the most significant attention that earthquake insurance has received in the state in recent history. State is…
Read MoreHealth insurance rates in Kansas remain stable
Insurance rates for policies sold through Kansas exchange expected to be stable through 2015 Consumers in Kansas may be able to breathe a sigh of relief regarding the cost of health insurance policies sold through the state’s exchange. The Kansas Health Institute has released a new report concerning the cost of these policies, showing that prices are expected to remain stable through 2015. According to the report, the average cost of policies going into effect next year is expected to increase by just 0.1%, which may be good news for…
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