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…
Read MoreTag: self employed health insurance
New health insurance exchanges may encourage entrepreneurship
Under the new healthcare reforms, insurance exchanges are being established within each state so that uninsured individuals will be better able to find affordable policies, making experts wonder if the risk of self employment will therefore decrease to the degree that it will become appealing to individuals who had feared losing the health insurance they have through their employer. These health insurance exchanges will be in operation by 2014. In July 2011, the Department of Health and Human Services released the exchange setup guidelines, leading more than half the states…
Read MoreHealth insurance forum coming to Florida, aims to advise small business owners on health care
Health insurance has been a hot issue for some time, even before the passing of the federal health care reform law. The insurance industry has been rife with controversy for years, much of which is focused around the issue of soaring premiums. While rate increases are not anything new, health insurers have been quick to raise rates on their coverage in recent years. The cause of the rate hikes is most often cited as being a way to mitigate the overwhelming cost of medical care. Whatever the case may be,…
Read MoreForecast predicts a third of companies will cut health benefits
A new study from prestigious consulting firm McKinsey & Company suggests that as much as 30% of the nation’s employers will be making drastic changes to the insurance they provide to their employees. The firm suggests that the more these companies learn about upcoming insurance changes stemming from last year’s Affordable Care Act the more likely they are to make such changes. The study anticipates that these businesses will cease offering health care benefits or restrict access to such benefits to a select few in their service. If the study…
Read MoreHealth 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…
Read More
