Live Insurance News

Young consumers weigh the cost of health insurance and federal penalties

February 1, 2016January 31, 2016 S.Vagus

Young adults are not convinced that insurance coverage is a viable financial option Young adults in the United States have faced a difficult decision during the latest open enrollment period. As open enrollment comes to an end, young and health consumers have had to decide whether or not to purchase health insurance coverage or face a federal fine and which of the two may end up being more expensive. Notably, the fine for those without insurance has gone up in 2016, which may have influenced many young people’s decision to…

End of open enrollment period for health insurance exchanges is coming to an end

January 29, 2016January 27, 2016 S.Vagus

Consumers are running out of time to acquire health insurance policies Residents of the United States have until January 31 to acquire health insurance coverage through federal and state-run exchanges. The end of the open enrollment period of these exchanges is rapidly approaching and those without insurance coverage could face a penalty from the federal government. This penalty has grown this year, which may come as a surprise for some consumers that are unaware. Consumers throughout the country are being encouraged to acquire health insurance, either through HealthCare.gov, or through…

San Francisco seeks to help residents acquire health insurance coverage

January 27, 2016January 26, 2016 Marc

City is working to address the lack of insurance coverage among consumers Consumers in San Francisco, California, are finding it difficult to afford their health insurance coverage. The city is notorious for its high cost of living, which has lead many people to forgo acquiring insurance coverage. They are also avoiding seeking medical care or taking advantage of free services that are intended for the poor. Notably, a significant portion of these consumers are eligible for subsidies from the federal government that help cut down the cost of health insurance…

Millions of employees find health insurance through exchanges

January 25, 2016January 24, 2016 S.Vagus

Accenture report shows that 8 million employees have acquired coverage for 2016 A new report from Accenture shows that health insurance coverage has become more available for many employees in the United States. The report has found that the number of employees using health insurance exchanges to find coverage reached 8 million for 2016 coverage. This is an increase from the 6 million employees that sought health insurance policies through exchanges for 2015 coverage. Many employers are finding it easier to provide their workers with benefits through insurance exchanges. Mid-sized…

Bernie Sanders unveils new health insurance plan for the US

January 21, 2016January 20, 2016 Logan B.

bernie sanders health insurance medicare expansion

Sanders has revealed his new Medicare for All plan to reform the health insurance sector The 2016 presidential campaign is heating up and health care may be a major issue that will sway voters this year. Senator Bernie Sanders, whom is among the forerunners of those vying for the presidency, has introduced a new plan that seeks to reform the health insurance system in the United States. Sanders calls the plan “Medicare for All,” which is, in the most basic sense, a universal health care plan that aims to ensure…

Health insurance gap for Asian Americans is the White House’s latest target

January 18, 2016January 17, 2016 G. Turner

This will be a week of action to try to encourage this community to purchase medical coverage. There has been a notable health insurance gap in the enrollment of Asian Americans as well as those of Pacific Island descent, which has existed since open enrollment first began through the Affordable Care Act in 2013. The White House is hoping to use this week to speak to this ethnic community and provide coverage education. Since the beginning of the Affordable Care Act’s open enrollment period in 2013, the number of people…

State seeks more information on growing health insurance premiums

January 14, 2016January 13, 2016 Logan B.

Senator calls for Tennessee Insurance Commissioner Julie McPeak to testify before legislative committee Tennessee Senator Mark Green has submitted a request to the state’s Insurance Commissioner, Julie McPeak, to testify before a legislative committee concerning increasing health insurance premiums. Premiums on coverage provided through the state’s insurance exchange, which is operated by the federal government, have grown in 2016, and this has become a concern for many consumers living in the state. Some lawmakers are eager to determine why premiums have been growing aggressively. State officials aim to find more…