Live Insurance News

Insurance news made as health care reforms now include new marketplace CEO

June 24, 2014June 21, 2014 Julie Campbell

The Obama administration has now announced the creation of a new position to oversee the federal exchange. Among the latest pieces of insurance news to be released regarding the health care reform is the creation of a new chief executive position by the Obama administration which will be responsible for overseeing the federal health plan exchange where residents of 36 states purchase their coverage. This health care reform announcement was made as one of a series of management changes. The insurance news announcement was made by Sylvia Burwell, the U.S.…

US government to investigate health insurance subsidy abuse

June 18, 2014June 16, 2014 Nordstrom

Government regulators are looking to uncover potential fraud Hundreds of thousands of people throughout the U.S. are being contacted by the federal government. The government is questioning these people about their eligibility for the subsidies provided by the Affordable Care Act. According to the Obama administration, a large portion of those seeking coverage through health insurance exchanges may have provided misleading or false information concerning their incomes. This information does not match that which is stored with the Internal Revenue Service, which calls into question whether or not subsidies are…

Insurers are flocking to Illinois health insurance exchange

June 16, 2014June 13, 2014 Logan B.

Eight companies seek to sell their policies on the state exchange Eight insurance companies are looking for approval to sell plans in the Illinois health insurance exchange. State officials note that there has been a surge in interest in the exchange coming from insurance companies. The exchange represents a competitive marketplace that is on its way to becoming one of the primary ways people find and purchase the coverage that they want. The new insurers looking to participate in the state’s exchange could bring some 504 new insurance plans to…

Insurance jobs will have tougher requirements in some states

May 28, 2014May 26, 2014 Julie Campbell

agent staff health insurance jobs navigator

Republican controlled states intend to toughen the rules for health exchange enrollment workers. The states under Republican leadership across the country are now adding additional requirements for workers who were hired to fill the insurance jobs that assist people in enrolling for health plans under the Affordable Care Act. They will now be required to undergo criminal background checks and/or obtain licensing. The goal of this move is to help to reduce the perceived privacy and security risks that many consumers have associated with sharing their personal information with the…

Health insurance subsidies hit a roadblock in the US

May 21, 2014May 19, 2014 Nordstrom

Some people may be receiving more subsidies than they are due U.S. consumers may be receiving more subsidies from the federal government than they are due to receive under the Affordable Care Act. The federal law offers financial assistance to those that fall within a certain range of poverty, as defined by the government. Subsidies are meant to offset the cost of health insurance policies, making them more affordable and more widely available to consumers throughout the country. Some people may be abusing the availability of these subsidies, however. Some…