Live Insurance News

Health insurance subsidies are at risk in the US

May 14, 2015May 13, 2015 Logan B.

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Supreme Court is set to rule on a legal challenge to the Affordable Care Act The U.S. Supreme Court is set to rule on a legal challenge that has been made against one of the Affordable Care Act’s provisions. The provision in question is one meant to provide subsidies for those seeking coverage through health insurance exchanges. These subsidies are meant to reduce the cost of insurance coverage for many people, making it possible for more people to obtain coverage. Subsidies offered for coverage found through federal exchanges may vanish…

Health insurance special enrollment period comes to an end in the US

May 4, 2015May 2, 2015 S.Vagus

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The special enrollment period for federal insurance exchanges has ended April 30 was the last day for people to purchase health insurance coverage through federal exchanges in the United States. The federal government had opted to extend the open enrollment period in order to give people more time to receive the coverage that they needed. This was done in order to provide consumers with a way to avoid tax penalties that are associated with the Affordable Care Act, which will impact those that do not have insurance coverage. Those without…

Nearly 9 out of 10 people now have health insurance coverage

April 17, 2015April 16, 2015 S.Vagus

Survey shows that more people have gained access to the insurance coverage that they need Results from the Gallup-Healthways Well-Being Index show that nearly 9 out of 10 people in the United States have health insurance coverage This is due, in part, to the Affordable Care Act, which has expanded access to insurance coverage for many people throughout the country. The survey shows that people are now able to find coverage through expanded Medicaid programs in some states and insurance exchanges that offer either subsidized coverage or relatively low-cost policies.…

State-run health insurance exchanges struggle to find enrollees

April 10, 2015April 9, 2015 S.Vagus

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Enrollment in state-run exchange is going down, study shows A new study from Avalere Health and the Kaiser Family Foundation shows that enrollment in state-run health insurance exchanges is lackluster. Several states opted to operate their own health insurance exchanges, which gave them more control over their respective insurance markets, but others decided to allow the federal government to build and manage these exchanges. The study shows that enrollment in state-run exchanges has been falling, while enrollment in federal exchanges has managed to increase. Study highlights a 12% decrease in…

Special enrollment period open for those without health insurance coverage

March 18, 2015March 16, 2015 S.Vagus

Those without insurance could find coverage through federal exchanges through new enrollment period A special enrollment period will be open for those without health insurance coverage in the United States. The enrollment period is meant for those that have recently discovered that they will be subject to financial penalties for being uninsured. The Centers for Medicare and Medicaid Services cited a recent survey that found as many as 40% of uninsured people were unaware of federal penalties for lacking coverage. The special enrollment period could help solve this problem. Special…

Consumers could be repaying the tax credits they received for health insurance

March 12, 2015March 11, 2015 Nordstrom

H&R Block provides some insight into why some consumers will have trouble with their tax filings this year Acclaimed tax preparation company H&R Block has released statistics concerning the impact the Affordable Care Act will have on tax returns. The federal law is meant to make health insurance more accessible and affordable for consumers throughout the country. This is accomplished through the provision of subsidies, which offset the overall cost of health insurance coverage. The problem, however, is that many people will have to repay some of their tax credits.…

Lawmakers want to do away with Rhode Island’s health insurance exchange

March 5, 2015March 4, 2015 Nordstrom

Lawmakers want the federal government to control the state’s health insurance exchange Some lawmakers in Rhode Island want to see control of the state’s health insurance exchange ceded to the federal government. The new director of the exchange, however, wants the state to remain in control of the exchange, called HealthSource RI. Director Anya Rader Wallack believes that the state has managed its own exchange successfully, and should continue to do so for the sake of the health insurance market. The Rhode Island exchange has managed to perform well while…