Live Insurance News

2024 ACA health insurance premiums in Alaska to rise by 16 percent average

November 27, 2023November 24, 2023 Marc

Consumers are reminded that most people will receive subsidies to cover most of that increase. Alaskan residents using the federal Affordable Care Act (ACA) health insurance marketplace will be experiencing an average increase in premiums of 16 percent for their coverage next year. This increase is lower than what Alaskans experienced for this year’s increase, which was 18 percent. There are several reasons that have combined to cause health insurance companies to raise the rates they charge for coverage next year. Though higher overall costs of care and a rise…

Health insurance company put under state supervision in Alaska

February 4, 2016February 3, 2016 Nordstrom

Alaskan regulators place Moda Health Plan under supervision due to financial concerns The Alaska Division of Insurance has announced that Moda Health Plan, a health insurance company based in Oregon, will no longer be offering policies in the state. Regulators cite concerns regarding the insurer’s financial situation. Moda will not be accepting new customers or renewals for the time being and regulators will continue to evaluate the issue. In its home state of Oregon, Moda was placed under supervision by the state due to financial issues, which influenced the decision…

Health insurance rates on the rise in Alaska

October 8, 2014October 6, 2014 Nordstrom

Insurance coverage though the Alaska exchange will be more costly next year Next month, open enrollment for all U.S. health insurance exchange will begin. Those looking for insurance policies will be able to visit their state’s exchange to find the products that they are interested in. Some of these exchanges offer inexpensive coverage that come with a variety of benefits. In some states, the policies sold through exchanges are becoming more expensive. This is the case in Alaska, where two of the state’s largest insurers are raising rates for the…

Health insurance rates on the rise in Alaska

September 18, 2014September 15, 2014 S.Vagus

Insurance companies file for rate increases on individual policies sold in the state Health insurance companies in Alaska have filed for significant increases in premiums for the coverage that they offer for individual, non-subsidized coverage. State law tasks the Alaskan Division of Insurance with regulating rate increases, and the agency has, thus far, granted approval for rate increases averaging 37%. Rate increases will affect policies that go active in January 2015 and these rate increases will affect policies sold through the state’s health insurance exchange. Division of Insurance comes under…

Alaska stands up for its health insurance rate review process

September 15, 2014September 13, 2014 Logan B.

Alaskan spokeswoman notes that the state’s rate review process is adequate Alaska’s Division of Insurance has not applied for grants from the federal government to review health insurance premium increases. According to a spokeswoman for Governor Sean Parnell, Sharon Leighow, the state does not need federal grants because its rate review process is adequate. This is contrary to an assessment offered by the U.S. Department of Health and Human Services, which suggests that insurance coverage could be made more affordable in Alaska if the state had a better rate review…

Health insurance rates set to rise in Alaska

September 10, 2014September 8, 2014 S.Vagus

Policies sold through Alaskan health insurance exchange will become more expensive next year Premiums for policies sold through the Alaskan health insurance exchange are expected to rise in 2015. The exchange has served as a place for Alaskan residents to find the insurance coverage they need at an affordable rate. Next year, however, the affordability of some insurance policies is likely to decrease as insurers raise rates on the coverage that they provide. Two of Alaska’s largest insurance provides have announced plans to raise premiums beginning next year. Insurers seek…

Study highlights cost of health insurance for state employees

August 15, 2014August 13, 2014 S.Vagus

States are spending $31 billion a year on covering their workers A new study from Pew Charitable Trusts shows that states have paid some $31 billion to ensure that their workers have health insurance coverage. The study is meant to offer some insight into the largest source of a state’s health care spending. Medicaid spending pales in comparison to the amount of money spent on keeping state workers covered through insurance plans. The amount of money being spent by states varies and is largely based on the insurance plans that…