Live Insurance News

Maine health insurance rates are going up, but most people will pay the same premiums

September 7, 2023September 6, 2023 Nordstrom

Rates are expected to jump by almost 15 percent next year, though tax credits will compensate for them. The health insurance rates on Maine’s marketplace are expected to increase by almost 15 percent on average for 2024, according to estimates released by the Bureau of Insurance. Most people in the state will find the rate hikes are offset by tax credits, as they will typically qualify. Health insurance companies were required to complete the filing for their rate increase requests back in June. Federal officials have been considering the filings…

Health insurance exchange in Idaho boasts of high enrollment numbers

April 23, 2015April 22, 2015 Nordstrom

Idaho is ranked fourth in terms of enrollment in insurance exchange Idaho’s health insurance exchange has proven to be successful. The exchange is ranked fourth in the nation in the number of people enrolled per capita. Many people living in the state have managed to find the health insurance coverage they need through the exchange. A significant portion of these people are receiving subsidies from the federal government, which help them afford the coverage that they have purchased through the state’s exchange, called Your Health Idaho. Exchange manages to find…

Maine legislators set sights on health insurance issues

February 26, 2014February 24, 2014 S.Vagus

Network coverage problems attract the attention of state lawmakers Maine lawmakers are beginning to look into an issue involving insurance companies and network coverage. Insurers typically have a network of hospitals and health care providers that are approved for coverage under the policies they provide to consumers. This is meant to form a symbiotic relationship between insurers and hospitals, but it can also be somewhat problematic for consumers, especially when network changes are made and the doctors they have been visiting for years are no longer a part of a…

Maine officials work to raise awareness of health insurance opportunities

December 12, 2013December 10, 2013 Nordstrom

Maine residents may lack access to guidance Guidance concerning health insurance has been difficult for some to attain in Maine since the launch of the state’s insurance exchange in October. Nearly a dozen of the state’s largest communities are located more than 15 miles from navigators that can provide assistance to those interested in applying for coverage through the exchange system. While many consumers can access navigators via phone, navigators themselves have proven to be quite busy and it can be somewhat difficult to get in touch with a counselor…

Maine to adopt more robust rate review process

January 25, 2013January 23, 2013 S.Vagus

Maine aims to mitigate costly health insurance rate hikes Many of the largest health insurance companies in the U.S. have warned states that they can expect to see significant rate increases for coverage in the coming years due to provisions of the Affordable Care Act being enacted by the federal government. This has caused some state officials to direct their anger at the federal government, while other states have been working to adopt a more robust rate review process that may enable them to avoid serious rate hikes in the…