Live Insurance News

Retroactive health insurance in Maryland attracted only 9 people so far

March 6, 2014March 3, 2014 H. Cutner

So far only nine people from the state have signed up for the emergency legislation option. Despite the fact that an emergency temporary retroactive health insurance legislation has been put into place to allow people in Maryland to be able to make sure that they meet the requirements of the health care reform, despite the fact that their online exchange has been faulty, at the last tally, there were only nine people who have signed up to participate in this opportunity. Near the start of the year, the expectation was…

Health insurance exchange contractor gets the axe in Maryland

February 28, 2014February 25, 2014 G. Turner

The company behind the hugely costly but highly defective online marketplace has been fired. The state of Maryland has now fired the contractor that was behind the creation of the expensive health insurance exchange online marketplace that was supposed to allow the state to be able to comply with the federal health care reform. The defects in the site are extensive enough that Maryland may have to abandon part or all of the system. Despite the fact that the health insurance exchange creation came with a tremendous price tag, it…

Health care reform brings better insurance to some in Maryland

January 21, 2014January 18, 2014 Julie Campbell

Consumers in the state are not signing up in record numbers but they are trading up for improved coverage. According to some of the latest figures from the health care reform in Maryland, the insurance exchange in the state isn’t necessarily making a tremendous dent in the number of uninsured people, but it is giving individuals a way to make sure that they are receiving the best possible coverage. Many people have upgraded their coverage but are paying less for their plans. The state doesn’t yet have the data regarding…

Insurance company shut down in Maryland

January 20, 2014January 18, 2014 Julie Campbell

This recent news shows that yet another insurer related to Hal Katz has had its license revoked. The Maryland Insurance Administration (MIA) has revealed that it has shut down yet another insurer that is related to Hal Katz, the well known Baltimore policy pitchman, in a trend that has continued since December. The last two insurers were owned by Katz’s son and had their licenses revoked, closing them down. Those companies were both run by Geary Katz and were called Laurel Insurance Corporation and Senate Insurance. According to recent news…

Maryland health insurance computer glitch leaves thousands uninsured

January 7, 2014January 4, 2014 H. Cutner

A problem with the exchange in the state may have left up to 5,000 enrollees without coverage. An issue that has been identified with the Maryland health insurance exchange has made it possible that a few thousand people in the state who believe that they have fully enrolled for the coverage required to comply with the individual mandate have not actually done so successfully. The state’s governor has acknowledged this issue, although a specific number of affected people is not known. Governor Martin O’Malley spoke on the subject of Maryland…

Auto insurance fund proposal withdrawn in Maryland

August 23, 2013August 20, 2013 H. Cutner

MAIF is no longer moving forward on the effort to gain policy rights within the state. The Maryland Automobile Insurance Fund (MAIF) – which is considered to be the auto insurance market of last resort within that state – has withdrawn the proposal that it previously put forward in order to obtain “sole and exclusive property” rights for all of the policies in that market. That proposal had initially been presented by MAIF approximately two months ago. The decision made by MAIF to remove its auto insurance proposal has been…

Health insurance exchange in Maryland loses Aetna plans

August 5, 2013August 3, 2013 G. Turner

The giant insurer has announced that it is withdrawing its policies from the state marketplace. Aetna has revealed that it feels that the approved rates in Maryland are not feasible, as it scrutinizes the offerings it has across the rest of the United States, and has now canceled its intentions to sell health insurance within that state’s exchange. The marketplace is slated to open on October 1, 2013 in order to comply with the federal healthcare reforms. The intention to sell health insurance plans as a part of the new…