Live Insurance News

Health insurance rates to rise in New York in 2016

August 6, 2015August 4, 2015 Nordstrom

Insurance premiums are growing for those with coverage in New York Health insurance rates in New York are expected to rise next year. This is a trend that is becoming more common throughout the country, as insurers seek approval to raise premiums in order to recover from financial losses associated with increasingly expensive medical claims. In New York, regulators have been challenging major rate increases and have managed to find some success. As such, rates are expected to increase by a modest degree, well below what the average increase would…

New Yorkers struggle to find health insurance coverage

July 30, 2015July 29, 2015 Nordstrom

Federal law has helped make insurance more affordable, but not for everyone Many of those living in New York are still unable to afford health insurance coverage, despite the provisions of the Affordable Care Act. The federal law provides many people with subsidies that can offset the cost of coverage, but even with subsidies, New Yorkers are finding it difficult to afford the policies they need. A recent survey from the Robert Wood Johnson Foundation found that cost is the greatest barrier preventing people from purchasing health insurance coverage. Majority…

New York sees increase in health insurance exchange enrollment

May 5, 2015May 2, 2015 Logan B.

State has made progress in making its exchange more popular among consumers New York ranked fourth in the U.S. in terms of enrollment in health insurance exchanges, according to a report from the Kaiser Family Foundation. The state has made significant strides in raising awareness about its exchange and the services that it offers, which lead to more people enrolling in the exchange throughout the state. Several other states have seen an increase in enrollment as well, due to the marketing efforts that they have made to improve awareness among…

New York health insurance exchanges has more than 2 million people enrolled

February 9, 2015February 7, 2015 S.Vagus

State’s insurance exchange manages to reach a new milestone this year New York’s health insurance exchange has reached a new milestone. According to officials with the New York State of Health, which is the state’s exchange marketplace, some 2,004,827 people have enrolled for health insurance coverage. Exchange officials note that 89% of those signing up for insurance through the exchange had no previous coverage. Governor Andrew Cuomo suggests that this is a major step forward in the state’s continued efforts to make health insurance coverage more available. Many people enrolling…

New York help line helps resolve problems with health insurance

October 10, 2014October 7, 2014 S.Vagus

Help line established in New York helps consumers voice their complaints about the insurance idnustry A help line established by the New York Attorney General’s Office has helped return millions of dollars to state residents that have been overbilled on their health insurance policies or were denied benefits by their insurer, according to Attorney General Eric T. Schneiderman. The help line was put in place in 2011, giving New York residents an opportunity to voice their concerns regarding insurance companies and how they conduct business. More than $12 million returned…

New Yorkers may be paying more for their health insurance

August 14, 2014August 12, 2014 Logan B.

Those living in rural areas could see their rates go up New York residents that live in rural areas will likely see their health insurance rates go up in the coming year. This may be especially true for those that have purchased policies through the state’s insurance exchange. Those living in rural areas have the fewest options available when it comes to insurance coverage. As such, they are typically left with the most expensive plans. While some of these plans offer significant benefits, they do represent a certain degree of…

Health insurance rates to rise in New York

July 7, 2014July 4, 2014 Logan B.

Rate filings show that insurance premiums are on the rise throughout New York New York is home to some of the highest health insurance rates in the U.S., but insurance coverage is expected to become more expensive next year. Higher rates had been expected next year, but the state’s insurers have only recently released information concerning their plans for 2015 premiums. This information has been opened to the public by the state’s insurance regulators for the sake of transparency and to help people understand what insurers have planned for next…