Live Insurance News

Federal health insurance marketplace gives preview of Open Enrollment offerings

October 31, 2022October 27, 2022 Marc

The Biden-Harris Administration is allowing for some window-shopping for US consumers. The 10th Open Enrollment period for the health insurance marketplace will begin tomorrow, but US consumers can check out what will be available early, with window shopping for plan choice, affordability and quality. The federal exchange officially starts accepting enrollments tomorrow, but today you can have a look. Consumers can head to the health insurance marketplace to preview the options available to them and to consider which coverage best suits their needs and where they can save money. The…

Does Insurance Coverage Cater To Cancer? All You Need To Know

August 2, 2022 Guest Author

The unfortunate thing about cancer is that it does not discriminate. It can affect anyone at any time, and often with little warning. And this makes it all the more necessary to have adequate health insurance coverage if you or a loved one should ever be diagnosed with the disease. Most health insurance plans will cover at least some of the cost of cancer treatment, but the coverage can vary significantly from one plan to another. It is necessary to know what your policy covers and doesn’t so you can…

HHS to invest over $49 million into health care for kids and parents

August 2, 2022August 1, 2022 H. Cutner

The funds will be in the form of 36 awarded grants to strengthen Medicaid and the Affordable Care Act. The US Department of Health and Human Services (HHS) has announced through its Centers for Medicare & Medical Services (CMS) that it is awarding grants worth a total of $49 million to organizations working to reduce the rate of uninsured Americans and to bring health care access to more kids and parents alike. This represents the largest outreach and enrollment effort from the HHS through Connecting Kids to Coverage. The investment…

Health insurance expansion headed to Oregon and Kentucky

May 5, 2022May 5, 2022 Nordstrom

The states have dug into a little-used Affordable Care Act policy to help close coverage gap. Kentucky and Oregon have grabbed hold of a little-used Affordable Care Act provision that will make it possible to create a health insurance plan for people with household incomes too high to qualify for the Medicaid programs in their states. The Obama-era policy makes it possible to create the new plan with the support of federal funds. Oregon and Kentucky are hoping that the introduction of these new health insurance plans through the application…

4 Questions You Should Ask Your Insurance Company Before Deciding On A Palliative Care Facility

April 10, 2022April 13, 2022 Guest Author

Moving a loved one into a palliative care facility is never easy. There are many things to consider, and you want to make sure that you are making the best decision for your family member. One thing that you should do before making a final decision is to speak with your insurance company about hospice medicare billing. They may have specific requirements or restrictions on which facilities they will cover. This article will discuss five questions that you should ask your insurance company before deciding on a palliative care facility. What…

Insurance agents hit with slashed commissions as new ACA enrollments launch

April 6, 2022April 5, 2022 G. Turner

Insurers offering Affordable Care Act coverage are sometimes reducing the cut for those selling it. Insurance agents working for insurers selling coverage through the Affordable Care Act have started to alter the relationship they have with those employees by slashing – or eliminating – commissions for sales. Bright Health is among those that have advised their brokers that their commission structure is changing. According to a recent report in Fortune, Bright Health issued a note to its insurance agents stating that they had seen “extraordinary growth” in the enrollment into…

Employer-sponsored health insurance costs jumped this year

December 21, 2021December 19, 2021 H. Cutner

Health insurance - Costs - money - stethoscope

The average cost of the coverage per worker rose by the largest amount in 2021 that it has since 2010. The average cost of employer-sponsored health insurance per worker saw its highest annual increase this year that it has since 2010. This occurred as the benefit costs rose faster than inflation and the earnings of the workers themselves. The Mercer 2021 National Survey of Employer-Sponsored Health Plans showed that there was a 6.3 percent average increase in the cost of employer-sponsored health insurance this year. Employees and their families began…