Health insurance premiums set to rise in South Carolina

South Carolina Health Insurance

Thousands of consumers will be affected by higher health insurance premiums Several thousand consumers in South Carolina are likely to see their health insurance premium increase in 2016. The majority of rate increases are expected to be seen by those enrolling in the state’s insurance exchange, where insurers are looking to recover from financial losses by raising premiums. In some cases, consumers may be paying hundreds of dollars more for their health insurance policies. This may place many people under a great deal of financial pressure, which may drive some…

Read More

South Carolina will not build its own health insurance exchange

South Carolina Health Insurance

Governor announces that the state will not build and operate its own exchange South Carolina will not be developing its own health insurance exchange, according to Governor Nikki Haley. The decisions is expected to impact more than 154,000 people living in the state, whom currently receive subsidies from the federal government to cover the cost of their health insurance policies. The state already has an insurance exchange, but it is managed by the federal government. Depending on a ruling from the Supreme Court, subsidies offered through the exchange may no…

Read More

200,000 people in South Carolina could gain health insurance due to new proposal

health insurance industry

New proposal aims to expand insurance coverage to the working poor in the state A new proposal in South Carolina could extend health insurance coverage to 194,000 uninsured people in the state. The proposal was introduced by a bipartisan group of Senators who suggest that many of these uninsured people only have access to emergency rooms when they need medical care. These people cannot afford health insurance coverage on their own and their employers do not offer sponsored coverage, leaving them with few options when it comes to medical care.…

Read More

Health insurance policies sold through South Carolina exchange may become more expensive

South Carolina Health Insurance

Department of Insurance believes that insurance policies will increase in cost next year The South Carolina Department of Insurance has predicted that the four health insurance companies that are selling policies through the state’s insurance exchange will again sell these policies during the exchange’s next open enrollment period. These plans will go active next year, but the agency believes that they will be more expensive than they were during the last open enrollment period. The agency will not know for sure if these policies will be more expensive until later…

Read More

Health care reform regulations will send rebates to consumers in the Carolinas

health care reform rebate money

This year’s average refund will come to $92 per family as a result of the Affordable Care Act. The announcement has now been made that over $21 million in rebates from the health care reform will now be sent out to residents of the Carolinas, as insurance companies refund customers after having spent too many of their premium dollars on red tape and profits, as opposed to paying for actual claims, last year. This figure for the states was recently released by the U.S. Department of Health and Human services.…

Read More