Tag: washington d.c.

Health insurance options to shrink in Washington D.C.

S.Vagus
bills health insurance coverage rates

Aetna will be pulling out of the district’s health insurance exchange Those living in Washington D.C. may have fewer options through the district’s health insurance exchange next year. Aetna, one of the largest insurance providers in the United States, has begun sending letters to its customers in the district that the policies they purchased through the exchange will be terminated at the end of this year. This, of course, only affects Aenta policyholders, but it will limit the options that consumers have through D.C. Health Link. There will be less…

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Health insurance exchange in Washington D.C. sparks more controversy

S.Vagus
industry insurance fraud

D.C. exchange may be illegally collecting fees on supplemental insurance products The Washington D.C. health insurance exchange has fallen into a pit of controversy. A new initiative aims to resolve some of the exchange’s financial problems by allowing it to institute fees on supplemental insurance products. The problem, according to the American Council of Life Insurance, is that these supplemental products are prohibited from being sold through the exchange, according to the Affordable Care Act. As such, they cannot be used as a way to cover the costs of the…

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Health insurance brokers in Washington D.C. are still waiting to be paid

S.Vagus
Health Insurance funds pay

Insurance brokers have yet to be paid for the services they provided and the policies they managed to sell Months after health insurance exchanges began operating in the U.S., many professional insurance brokers are still waiting to be paid for their services. In Washington D.C., this issue is beginning to cause serious problems for these brokers. District officials had gone to great lengths to win the support of insurance brokers that were concerned for their livelihood and how it would be affected by insurance exchanges. A special website and phone…

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Insurance fraud remains a costly issue for the insurance industry

Logan B.
insurance fraud hack cyber

Fraud continues to be a thorn in the side of the insurance industry Fraud remains one of the most costly issues that faces the insurance industry today. Insurers combat fraud in many ways, but are unable to stamp out its existence entirely. While fraud has a significant impact on the financial stability of the insurance industry every year, few consumers understand how fraud affects them. Many people believe that insurance fraud is only a problem that insurance companies have to deal with, but they may be losing money alongside their…

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New tax targeting health insurance products is approved in D.C.

S.Vagus
health insurance cost medical

D.C. Council introduces new tax in order to mitigate financial blow of failed insurance exchange The D.C. Council has approved a new tax that will be placed on all health insurance products that are sold throughout the district. The tax is meant to resolve a specific issue: The financial problems that have been caused by the district’s insurance exchange. The exchange was meant to provide D.C. residents with access to affordable insurance coverage, but it proved quite difficult for these residents to access the exchange due to severe technical difficulties.…

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