Live Insurance News

Health insurance costs in Missouri and Kansas are cut down thanks to tax credits

June 20, 2014June 20, 2014 Nordstrom

Tax credits lead to more affordable coverage for those in Missouri and Kansas Tax credits offered by the U.S. federal government are having a major impact on the cost of health insurance in Missouri and Kansas. These tax credits come from the Affordable Care Act, passed in 2010, and have helped make insurance coverage more accessible and less expensive. The credits are applied to policies that are sold through state-based insurance exchanges and are available to those that fall within a certain poverty level, as defined by the federal government.…

Missouri imposes new law on health insurance navigators

July 24, 2013July 22, 2013 Marc

Health insurance navigators to seek state licensure A new law has been passed in Missouri that placed a strict requirement for counselors seeking to participate in the state’s health insurance exchange. These counselors, often called health insurance navigators, are meant to provide consumers with guidance concerning the policies offered through the state’s exchange program. Navigators are considered to be a boon by the federal government as they could help consumers find the best policies that suit their needs, thereby making health insurance exchanges more effective in their purpose. Law aims…

Health insurance exchange in Missouri may still be state run

November 22, 2012April 30, 2013

Though the state may have said that it won’t be running its own marketplace, the issue drags on. The state of Missouri has already informed federal officials that it will not be creating its own health insurance exchange, but this has not closed the issue altogether. The extension of the deadline by the Department of Health and Human Services has encouraged further discussion. The state has now been talking about whether a health insurance exchange may be run by the state at some point in the future. The deadline change,…

Health insurance exchange for Missouri will be federally run

November 12, 2012April 30, 2013

The state’s governor has announced that they will not be capable of establishing their own marketplace. Missouri Governor Jay Nixon has recently released the latest health insurance news regarding the development of the exchange that is required under the Affordable Care Act, and has revealed that it will not be run by the state. This means that the federal government will be creating and running the online marketplace. In order to comply with the healthcare law’s overhaul, Missouri would have had to submit their blueprints for the health insurance exchange…

Missouri Insurance Department recovers funds amidst swarm of complaints

October 24, 2012April 30, 2013

Missouri Insurance Department fields 26,000 consumers complaints The Missouri Insurance Department is fielding some 26,000 consumer complaints concerning the coverage they receive through the state’s insurance companies. This week alone, the agency has received more than 10,000 complaints and inquiries regarding the practices of insurance companies. On average, the agency typically receives 16,000 complaints throughout the course of an entire year. Spurred by these complaints, the Missouri Insurance Department has reclaimed some $7.7 million that will be returned to the state’s insurance consumers. Common complaints involve health insurance The most…