Aetna report shows that consumers are confused about insurance terms

Aetna Inc. has released the results of a new consumer survey as open enrollment for employer-offered insurance plans comes to a close. The results of the survey show that more than half of insured adults in the U.S. find the terms of their insurance policies confusing. This presents a major problem for both insurers and consumers as these adults general tend to accept any terms they are given as they believe that any insurance coverage, even if it is not appropriate to their needs, is better than no coverage at…

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Nebraska health insurance exchange needs 100k enrollees to be sustainable

The Nebraska Insurance Department has issued a new report to state lawmakers concerning the state’s health insurance exchange. Nebraska has been exploring its options on how best to execute the exchange program, hoping to find a way for the program to benefit both consumers and insurance companies. The state has yet to make any definitive action on the program apart from investigating how much it will cost and how it can be made self-sustaining. The new report may cast some doubt on the future of the program. According to the…

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The cost of health insurance for low income families

Although the Affordable Healthcare for America Act by the Obama administration was created in order to make certain that a larger number of Americans will have access to health insurance, many are finding that the premiums are still too costly to be able to afford them. The Act has already gone through some significant improvements since its first creation, especially in terms of Medicare, as it has assisted in lowering those costs. That said, many Americans are still struggling to afford their current health insurance rates or remain without any…

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Health insurance rates dropping in light of health care reform

In a strange twist of fate, more health insurance companies are making requests to reduce their premiums. This comes in stark contrast of the trend that has been dominant in previous months where major health insurers sought to increase rates exponentially. Several small companies have been lowering their rates, but big companies are following suit, some seeking permission from insurance regulators to reduce their premiums by as much as 20%. While this move may seem uncharacteristic for the industry, some experts are saying that it is not as altruistic as…

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