Live Insurance News

Commissioner rejects 5 health insurance companies from Washington exchange

September 3, 2013August 31, 2013 Logan B.

Health insurance companies rejected by Commissioner Kreidler Washington’s Insurance Commissioner, Mike Kreidler, has rejected 5 insurers from the state’s health insurance exchange. The move has received some criticism from consumers and advocacy groups in the state, spurring the Commissioner to make a statement concerning his decision. According to Kreidler, there were substantial problems with the plans being offered by the insurance companies and these problems could not be effectively resolved. The state’s health insurance exchange currently boasts of 31 plans offered by four insurers. Many plans lacked network coverage One…

Health insurance costs predicted by two states to be low in 2014

May 20, 2013May 25, 2013 G. Turner

Washington and Oregon have both found that rates will be considerably lower than initially predicted. The Affordable Care Act has just received a boost, as two northwestern states revealed that health insurance companies have submitted applications for selling on the state exchanges at rates that are considerably lower than what some execs had forecasted for these marketplaces. These marketplaces are expected to bring coverage to many of the 49 million uninsured Americans. In doing so, the design was meant to help to curb the extreme spending that has been caused…

New health insurance market to emerge in Washington

January 31, 2013January 9, 2014 S.Vagus

Washington health insurance market set to expand this fall The health insurance market of Washington is expected to expand this fall as another provision of the Affordable Care Act go live in the state. Washington residents that currently have no health insurance will find that they have become eligible for Medicaid once this provision has been instituted. They will also be able to find health insurance through the state’s own insurance exchange, which is expected to begin enrollment near the end of this year. Residents may benefit through expansion of…

Washington is one step closer to building its own health insurance exchange

March 7, 2012April 30, 2013

Washington lawmakers have passed a bill that opens the way for a health insurance exchange to take root in the state. The bill will set up rules that will help the state prepare for the construction of the exchange and govern its operation for the foreseeable future. Legislators believe that this will help the state fully comply with the Affordable Care Act of 2010 and will help it adhere to federal deadlines. Currently, the exchange is expected to be fully operational by January 2014. The rules established by the bill…

Washington state health insurance exchange receives additional funding

June 3, 2011June 3, 2011 Nordstrom

Washington has recently received a federal grant worth $23 million that will help establish a health insurance exchange program in the state. According to the Affordable Care Act, each state must have a fully operational exchange set up by 2014. The government is providing a significant amount of money to help in this effort. Washington is among the few states that have made sufficient progress toward an exchange to warrant additional federal funding. Despite the controversy surrounding healthcare reform, many support the concept of health insurance exchanges. State health officials…