Health insurance company put under state supervision in Alaska

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Alaskan regulators place Moda Health Plan under supervision due to financial concerns The Alaska Division of Insurance has announced that Moda Health Plan, a health insurance company based in Oregon, will no longer be offering policies in the state. Regulators cite concerns regarding the insurer’s financial situation. Moda will not be accepting new customers or renewals for the time being and regulators will continue to evaluate the issue. In its home state of Oregon, Moda was placed under supervision by the state due to financial issues, which influenced the decision…

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Washington approves 136 health insurance plans to be sold on state’s exchange

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New insurers have been approved to sell coverage to participate in the state’s insurance exchange The Washington Office of the Insurance Commissioner has announced the approval of some 136 individual health insurance plans that will be sold through the state’s insurance exchange. The plans come from 12 insurance companies, which had requested for rate increases of 5.4%. State regulators have approved an increase in premiums of 4.2% for these insurers, however. Consumers will be able to purchase these plans during the exchange’s upcoming open enrollment period, which begins in November…

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