Massachusetts insurance enrollment remains strong as unemployment spikes

Massachusetts insurance enrollment - American Flag, money and stethoscope

The state has the country’s worst unemployment rate, but residents are keeping up their coverage. Massachusetts insurance enrollment has remained strong despite the state’s unemployment rate, which is currently the worst in the United States. New data has revealed that despite losing their jobs, consumers have kept their health plans. The Center for Health Information and Analysis (CHIA) revealed new data last week which showed that overall Massachusetts insurance enrollment stayed essentially stable through May. At that time, there were more than 6.4 million residents of the state covered by…

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Health insurance rates to go up in Massachusetts

Massachusetts health Insurance

Consumers and businesses will see a modest increase in insurance premiums Health insurance premiums are set to grow in Massachusetts, as regulators have approved rate increases for small groups and individuals. The state will see a modest increase in rates when compared to others in the country. The Massachusetts Division of Insurance has posted information concerning the rate increases, providing consumers with an opportunity to review the rate increases coming from insurers and see how it will affect them and the coverage that they have. 300,000 people to be affected…

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Health insurance rates to rise 6% for 300K Massachusetts consumers

Cost of health insurance rates

Insurers across the state will be increasing premiums for small businesses and individuals, next year. Health insurance rates in Massachusetts are about to rise by over 6 percent for individuals and small businesses, alike in 2016, which is making many people wonder if the cost of coverage may be heading into an upward trend. This rate increase has already received the approval of the Division of Insurance in the state. Now that it is moving ahead, it will mean that there will be a rise in health insurance rates that…

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Massachusetts insurance refunds will total $15 million

Massachusetts Health Insurance

Consumers in the state will be issued the rebates in some form by August 1 by their insurers. According to the latest data from the U.S. Department of Health and Human Services, Massachusetts insurance customers who purchased or renewed their health plans in 2013 were able to save $4.1 billion on their premiums, that year. This year, the health care reform will bring over $15 million in refunds to those same consumers. The Massachusetts insurance rebates will be the second largest among all of the states in the country. The…

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Massachusetts wins a major victory in health insurance

Massachusetts health Insurance

Uninsured rate may fall below 1% in Massachusetts The number of uninsured people in Massachusetts may soon be below 1%, according to information from the state’s Center for Health Information and Analysis. The organization has been tracking the number of people that have signed up for insurance coverage from December 2013 to March of 2014, finding that the number of people with insurance coverage increased by more than 215,000 statewide. If this momentum is maintained, the state may soon have the lowest uninsured rate in the country. State initiatives help…

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