Kentucky health insurance marketplace brings back individual plans

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State residents seeking plan options will new be able to use the state-based exchange. The Kentucky health insurance exchange has returned to allow residents of the state to be able to purchase individual plans from the state-based marketplace. Governor Andy Beshear returned the exchange to the control of the state itself. The kynect.ky.gov website is currently undergoing a review period meant to allow residents to better understand the coverage options and find the ones best suited to their needs. This way, they will have the opportunity to be ready for…

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Kentucky health insurance marketplace prepares to restart

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The state intends to restart Kynect, its own exchange allowing residents to enroll in plans. Governor Andy Beshear has announced the state’s intention to reopen Kynect, the Kentucky health insurance marketplace. The exchange makes it possible for residents who don’t have coverage through an employer to enroll in a plan or sign up for Medicaid if they are eligible. The exchange was originally dismantled in 2017 by former Governor Matt Bevin. Kentucky Voices for Health director of policy advocacy Cara Stewart explained that state residents who want to purchase coverage…

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Health insurance rates to go up in Kentucky

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Insurers seek rate increases for policies sold through the state’s health insurance exchange The majority of the companies participating in Kentucky’s health insurance exchange are looking to raise premiums next year. These companies are citing the provisions of the Affordable Care Act as the reason for rate increases. The Kentucky Department of Insurance has receive rate increase proposals from most of the companies selling policies through the exchange. If approved, coverage through the exchange would become more expensive at the beginning of next year. Kentucky Health Cooperative seeks a 25.1%…

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Companies seek to participate in Kentucky’s health insurance exchange

Kentucky insurance exchange health insurers

Exchange’s success proves attractive to two insurance companies that are now seeking to participate in the digital marketplace Two new insurance companies have expressed interest in selling their policies through Kentucky’s health insurance exchange. The state-run exchange has provided policies to more than 421,000 people throughout the state during its first open enrollment period. The exchange will have another enrollment period later this year and insurance companies are eager to participate in the exchange in order to gain access to a growing consumer base that is looking for insurance coverage.…

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