Live Insurance News

Health insurance exchange decision nearly made by Washington DC

May 15, 2013May 25, 2013 Julie Campbell

Health insurance care reform confusion debate

The D.C. Council will be making its decision about small business plans as early as next week. It is now believed that the decision regarding whether or not small business owners will be required to buy the health insurance for their employees through an exchange run by Washington D.C. will be made as soon as next week. This decision will help to determine how D.C. will be complying with the federal healthcare reforms. Council member Yvette M. Alexander (D – Ward 7) has explained that it is her intention to…

Health insurance cooperative in Michigan to join the exchange

May 15, 2013May 25, 2013 G. Turner

The new co-op will target its products toward small businesses within the state. Starting on October 1, when the health insurance exchange will be opening for enrollment in Michigan, small businesses and individuals will now have an additional option to compare and consider, from the Consumers Mutual Insurance of Michigan. The organization is based in East Lansing and will now be listed on the federal exchange for the state. The health insurance cooperative will be boosting its operations under the leadership of Denny Litos, its CEO. The company received a…

A Guide to Health Insurance for the Self-Employed

April 21, 2013April 21, 2014 Guest Author

The self employed face obstacles and tackle challenges that those employed by others rarely think about…doing budgets, growing the business and, of course, health insurance. Think about it…the cost of individual health insurance for the self employed has gone up substantially over the past decade and policies that used to cost somewhere around $100 a month can run upwards of $500 a month today. Not just that…co-pays and deductibles have gone up…covered services have gone down. But there are options available that can help reduce the cost of health insurance…

Health insurance exchange plans up for review in Washington DC

March 19, 2013March 18, 2013 S.Vagus

Small businesses have a problem with DC health insurance exchange Plans for a health insurance exchange in Washington D.C. has been facing some challenges in recent months, many of which are coming from small businesses. This week, the D.C. Health Benefit Exchange Authority reiterated that it was committed to establishing a working health insurance exchange for Washington D.C., noting that small businesses would be forced to purchase coverage from the exchange program. The committee did, however, announce that it would be working to delay the mandate requiring these small businesses…

Health insurance exchange may not draw as many employers as hoped

February 19, 2013March 15, 2014 Logan B.

Businesses are expected to opt out, which could lead the cost to rise for those who are participating. Both state and federal officials, as well as consumer advocates, are now beginning to voice concerns that businesses that have workers that are relatively young and healthy will choose to opt out of the health insurance marketplace. This will be done to help to avoid the minimum standards for coverage as prescribed by the healthcare reforms. Though these businesses may choose to try to avoid this health insurance regulation in order to…