Estimated 10 million people expected to enroll in health insurance exchanges by the end of the year

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HHS predicts that many more people will enroll in state-based insurance exchanges by the end of this year The U.S. Department of Health and Human Services expects that some 10 million people will enroll for health insurance coverage through state-based exchanges by the end of this year. More than one-quarter of those without insurance in the country are expected to sign up for policies that suit their needs during the upcoming open enrollment period. The enrollment period is scheduled to begin on November 1, running through January 31, 2016. 8.8…

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Hacks are causing cyber insurance rates to skyrocket

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Insurers are raising premiums for the cyber insurance coverage that they provide Over the past two years, companies in the United States have been targeted by aggressive cyber attacks. This has prompted insurers to increase premiums on cyber insurance coverage by a massive margin. Some companies are perceived as being a high risk, which means that they are seeing higher costs when it comes to protecting themselves from digital attacks. Insurers are not just raising premiums on cyber insurance coverage, however, and many companies are looking for a solution to…

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Government to improve its health insurance gateway

Health Insurance exchange marketplaces

HealthCare.gov will be receiving promising upgrades The U.S. government is looking to improve its health insurance gateway, HealthCare.gov, ahead of the beginning of the next open enrollment period in November. The upgrades are expected to improve the services that the site provides to consumers, making it easier to enroll in health insurance plans. In the past, HealthCare.gov has failed to successfully enroll consumers, making it difficult for them to find the coverage that they need. The government has brought many improvements to the site over the years, but the latest…

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Demand for cyber insurance is on the rise

cyber insurance

Cyber insurance is becoming more popular among the world’s various organizations Demand for cyber insurance is on the rise throughout the world, according to a new report from Timetric. This is largely due to the growing frequency of digital attacks against businesses and governments. These attacks are having a major financial impact on several organizations and consumers. With more businesses beginning to rely on technology and the digital space, cyber attacks are becoming a significant concern and organizations want protection against these attacks. Some $2.5 billion cyber insurance premiums collected…

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Pennsylvania consumers report surprise costs not covered by their health insurance

Pennsylvania health insurance exchange

Consumers are receiving unexpected bills from medical professionals that are not covered by their insurance policies Unexpected medical bills are proving to be a surprise to many consumers in Pennsylvania. Many consumers have reported surprise charges for their medical care, though they believed that their health insurance policies would cover these costs. The issue is placing some consumers under greater financial strain, as they were unprepared to cover the costs associated with medical care. The problem may be out-of-network care providers, which consumers are unaware of at the time that…

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