Tag: Vermont

Vermont businesses continue to face challenges when it comes to health insurance

S.Vagus
Vermont Health insurance exchanges

Small businesses continue to experience frustration with state’s insurance system Businesses in Vermont have been having some issues with health insurance for the past few years. Vermont is the only state where businesses with 50 or fewer employees must purchase health insurance plans through a specially designed exchange marketplace. The marketplace is meant to serve as an effective and efficient way businesses can provide their employees with insurance coverage, but it has been quite dysfunctional for small companies. A new insurance exchange system could be a costly issue for the…

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Vermont health insurance exchange struggles to overcome problems

Marc
Vermont Health insurance exchanges

Audit shows that the state’s insurance exchange still suffers from crippling issues An audit of the Vermont health insurance exchange has shown that there are still serious problems with the state’s exchange marketplace. The exchange, called Vermont Health Connect, has been struggling to overcome some serious issues for the past several months. These issues range from faults in the exchange’s enrollment process and renewal system to security issues that threaten the safety of consumer information. While the audit found that some problems have been resolved, others remain. Gaps in functionality…

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Number of people without health insurance in Vermont is cut in half

S.Vagus
Vermont Health insurance exchanges

Many Vermont residents are using the state’s insurance exchange to find coverage The number of people without health insurance in Vermont has been cut in half, according to information released by the state. Vermont Governor Peter Shumlin notes that many people have managed to find insurance coverage through the state’s exchange, which has been improved over the past year. During the first open enrollment period, which began in 2013 and ended in early 2014, the state’s insurance exchange suffered from technical issues that made it impossible for many people to…

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Flood insurance rates may spike in Vermont

Nordstrom
Flood Insurance and reinsurance

Flood insurance could become costlier in Vermont and elsewhere With the Eastern U.S. having been battered by recent storms, flood insurance is at the forefront of many homeowners’ minds. Before the summer is over, the East Coast is likely to experience further storms, though the severity of these potential disasters is impossible to determine currently. While natural disasters may be unpredictable, Vermont officials are preparing for the worst case scenario, and that means warning residents of the potential for rising flood insurance rates. Regulator warns of impending rate increase The…

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Health care reforms receive more federal money for IT

health insurance healthcare reform

Many state insurance exchanges to benefit from more grant funds to expand their capabilities. The Department of Health and Human Services (HHS) have just released the latest information regarding funding for the health care reform, which shows that several states will be receiving over $765 million in total grant money. These funds are intended to boost the state health insurance exchanges on the IT level. The states that will be receiving the grants will include Connecticut, California, New York, Hawaii, Vermont, Maryland, and Iowa. This money will provide the states…

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