Virginia health insurance to lose Anthem next year

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The insurer announced it will officially leave the state’s exchange for the 2018 marketplace. Anthem recently announced its intentions to step out of the Virginia health insurance marketplace for 2018. Moreover, it has also revealed that it will be reducing the number of health plans it sells in Bristol, as well as Washington and Scott counties. The withdrawal from the insurance exchange occurred after Republicans failed to repeal the Affordable Care Act. This news was also made on the heels of President Trump’s threat to slash healthcare subsidy payments which…

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Virginia Insurance Commissioner Jacqueline K. Cunningham to retire this year

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After three decades serving at the Bureau of Insurance, Cunningham announced her retirement. Jacqueline K. Cunningham, Virginia insurance commissioner, announced her intention to retire at the end of the year. She has been working with the State Corporation Commission’s Bureau of Insurance for a total of thirty years. Cunningham was first appointed to the Virginia Commission as insurance commissioner in 2011. She began her post as the thirteenth Virginia insurance commissioner on January 1, 2011. That said, she was first hired by the Bureau of Insurance in 1981. Her first…

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Data shows 87,000 people enroll for health insurance coverage in Virginia

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Consumers in Virginia are finding coverage through the state’s insurance exchange Information from the federal government shows that approximately 87,000 consumers living in Virginia have found health insurance coverage through the state’s exchange marketplace. The open enrollment period for the exchange began on November 1 of this year and will run through January 31, 2016. Once the enrollment period began, many consumers flocked to the exchange either to find new policies or acquire coverage for the first time. Many more were automatically enrolled in the exchange for having purchased coverage…

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Thousands could lose their health insurance by year’s end

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Substandard insurance policies throughout the US are expected to be cancelled at the end of the year Thousands of people throughout the U.S. will be losing their health insurance coverage at the end of the year. Those that are losing their coverage have substandard policies that do not comply with federal regulations. These policies were initially meant to expire at the beginning of the year, but were granted a reprieve by the federal government. This reprieve is coming to an end and consumers may be forced to find new policies…

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Insurance news could be rough for 250,000 people in Virginia

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Many people may find that their health plans will be cancelled due to lack of compliance with federal regulations. After having been given a year in which to find coverage that will comply with the regulations of the Affordable Care Act (ACA), the insurance news is looking rocky for up to 250,000 people in Virginia who still have yet to obtain new health plans that will comply with the law. The affected policyholders were given the chance to renew their old plans late in 2014, but that was a temporary…

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Virginia to provide licenses to public insurance adjusters

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Public insurance adjusters to begin receiving licensing next year Virginia insurance regulators are looking to license public adjusters to help manage the flow of claims that the state’s insurance companies receive as a result of natural disasters. The State Corporation Commission’s Bureau of Insurance is expected to begin issuing licenses for public insurance adjusters beginning early next year. Recent natural disasters have proven to generate a high number of claims. A limited number of insurance adjusters means that some of these claims could sit unresolved for extensive periods of time.…

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Virginia officials encouraging residents to purchase earthquake insurance

Virginia officials are urging residents to check their home insurance policies to ensure they have protection against earthquakes. The initiative comes as a new law takes effect, which will force insurance companies to disclose what their various policies do not offer coverage for. State officials are hoping that residents will be proactive in finding out what coverage they may lacking and take steps to rectify the problem before they fall victim to a devastating natural disaster. According to the State Corporation Commission’s Bureau of Insurance, many Virginia residents do not…

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