Insurers are looking to raise rates for their coverage beginning in 2015 Some health insurance providers in Louisiana have submitted rate increase proposals that have raised red flags among the state’s regulators. The rate increases are for policies that will be sold through the state’s exchange in 2015. Consumers will be able to purchase these policies beginning on November 15, when the exchanges latest open enrollment period is scheduled to begin. The rate increase proposals coming from insurers are to be reviewed by the state’s insurance regulators. Blue Cross and…
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Health insurance navigators may be held to a higher standard in Louisiana
New legislation seeks to increase the regulation of insurance navigators working in the state Health insurance navigators in Louisiana may need to receive special permits from the state government in order to work with consumers. New legislation, called House Bill 764, has been introduced that would require navigators to live up to a higher regulatory standard. The organizations managing these navigators would also have to receive special permits as long as they continue to accept money from the federal government. The legislation has managed to attract some support from the…
Read MoreHealth plan reserves for Louisiana state employees shrinks
The Jindal administration is blaming the higher cost of claims and declining premiums. It was only slightly more than two years ago that there had been about a $500 million in the health plan reserves for the state employee program in Louisiana, but that has changed considerably over that short period of time. The balance within the insurance fund has now dwindled to an amount that is about half that size. This reserve balance for the health plans is meant to help to cover the medical claims that are made…
Read MoreHealth insurance exchange considered too complex in Louisiana
Commissioner Donelon criticized state’s health insurance exchange Health insurance exchanges throughout the U.S. will begin open enrollment next week, but that does not mean that the controversy surrounding these exchanges will be put to rest, at least not in Louisiana. The state’s Insurance Commissioner, Jim Donelon, claims that consumers will not be able to access enough information to make adequate decisions concerning their health insurance coverage. The Commissioner suggests that the exchanges are designed to be too complex, which could create extreme confusion among those looking to purchase coverage from…
Read MoreHealth insurance comparison guide for 2013 Medicare supplement released
The Louisiana Department of Insurance and senior counselors are helping beneficiaries for next year. With the 2013 open enrollment period growing closer to completion for Medicare health insurance beneficiaries, officials in the industry are now ready to help people to ensure that they make the right choices for their coverage. Assistance is now available for helping to make decisions and use the coverage more effectively. Louisiana Department of Insurance Senior Health Insurance Information Program (SHIP) has counselors who are working throughout the state to help beneficiaries of Medicare to choose…
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