Tag: Hawaii

Hawaii’s largest insurers pulls out of health insurance exchange

Logan B.
Hawaii long term care insurance industry

The Hawaii Medical Services Association is abandoning the state’s insurance exchange Hawaii’s largest insurance company has pulled out of the state’s health insurance exchange, Hawaii Health Connector. The insurer, the Hawaii Medical Service Association, opted to pull its small business plans from the exchange late last week. Next year, agents working with small businesses will have only one insurer to work with through the exchange: Kaiser Permanente. The decision is not expected to affect individual health insurance plans in any way and many of the states insurers do not have…

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Hawaii residents encouraged to double check their homeowners insurance policies

S.Vagus
Hawaii Homeowners Insurance

Hurricane season is not over yet and powerful storms may be on their way to Hawaii State officials in Hawaii are encouraging homeowners to ensure that their properties are protected against natural disasters. The 2014 Pacific hurricane season is set to end on November 30, and there is still plenty of time for powerful storms to form and make landfall in the state. Severe weather is expected to hit Hawaii in the coming weeks and months and homes that do not have adequate protection could find themselves vulnerable to financial…

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Hawaii health insurance companies win approval for higher rates

Marc
Hawaii Health insurance company

Cancelled policies become more expensive in Hawaii Hawaii health insurance officials have approved rate increase proposals from some of the state’s largest insurance providers. The state’s Insurance Division has been investigating rate increase proposals to determine whether they are necessary or not and has seen a need for higher rates as insurers continue to juggle several financial issues. The new rates are primarily for insurance plans that were set to be cancelled due to the provisions of the Affordable Care Act. Several insurers have moved to continue honoring these policies,…

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Health insurance competition low in South Carolina

S.Vagus
South Carolina Health Insurance

South Carolina health insurance market lacks competition A new report from the American Medical Association suggests that South Carolina may have one of the least competitive health insurance marketplaces in the U.S. The state falls behind Alabama, Hawaii, Michigan, Delaware, and Alaska in terms of a lack of competition in its insurance market. Despite the existence of the state’s health insurance exchange, competition among insurers remains low, limiting the options that state residents have regarding the coverage they have access to. Blue Cross Blue Shield boasts of majority of the…

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Hawaii sets minimum health insurance benefits for exchange program

Nordstrom
Hawaii Health insurance company

Hawaii Governor announces minimum health insurance benefits Insurance news from Hawaii may be welcome for residents awaiting affordable health insurance. The state government has determined the minimum insurance benefits consumers will receive through a state-run health insurance exchange. The announcement was made by Governor Neil Abercrombie early this week. In choosing the minimum health insurance benefits consumers will receive through new policies, Hawaii moves one step closer to compliance with the Affordable Care Act and establishment of a comprehensive health insurance exchange system. States have opportunity to determine minimum level…

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Health care reforms receive more federal money for IT

health insurance healthcare reform

Many state insurance exchanges to benefit from more grant funds to expand their capabilities. The Department of Health and Human Services (HHS) have just released the latest information regarding funding for the health care reform, which shows that several states will be receiving over $765 million in total grant money. These funds are intended to boost the state health insurance exchanges on the IT level. The states that will be receiving the grants will include Connecticut, California, New York, Hawaii, Vermont, Maryland, and Iowa. This money will provide the states…

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