Live Insurance News

Affordable Care Act may not be a “job killer”

October 12, 2013October 12, 2013 S.Vagus

Misconceptions concerning federal law create unnecessary tension in the job market The U.S. Affordable Care Act is surrounded by many myths and misconceptions. One of the most significant of these misconceptions is the idea that the federal law will lead many small businesses throughout the country to fire workers. This concept is tied to the health insurance mandates associated with the federal law. These mandates require businesses to provide health insurance benefits to full-time employees, but the law has its own designation for what qualifies as a full-time employee. The…

Kaiser releases estimates for health insurance tax credits

August 20, 2013August 17, 2013 S.Vagus

Health insurance tax credits subject of new Kaiser analysis Next year in the U.S., all citizens aged 18 and above will be required to purchase and maintain health insurance coverage due to federal law. This is one of the most controversial aspects of the Affordable Care Act, but the federal government has been working to highlight the fact that the law allows for consumers to receive financial assistance from the government when purchasing insurance coverage. This week, the Kaiser Family Foundation has released information concerning the financial aid that people…

Health insurance mandates make coverage expensive in Connecticut

July 17, 2013July 15, 2013 Nordstrom

Connecticut health insurance mandates could make coverage expensive through exchange In Connecticut, the state’s health insurance exchange, called Access Health CT, is set to begin open enrollment on October 1 of this year, with coverage to go into effect on January 1, 2014. Like other health insurance exchanges throughout the country, Connecticut’s system has been the subject of some controversy, but not for the reason that similar programs have been scrutinized. Where much of the criticism concerning health insurance exchanges has to do with the cost and ability for these…

Health care reforms continue to be challenged in Oklahoma lawsuit

January 28, 2013April 30, 2013

The state is refusing the federal government’s request for a judge to dismiss the suit. Oklahoma has announced its opposition to the request that was made by the federal government to allow a judge to dismiss the lawsuit filed by the state in order to challenge the legislation imposed by the health care reforms of 2010. The state is claiming that the federal overhaul disregards Oklahoma’s own laws and breaks them. According to the lawsuit which will go before a U.S. District Court in Muskogee, Oklahoma, the federal health care…

Affordable Care Act deadline relaxed for the benefit of states

January 17, 2013January 17, 2013 S.Vagus

Affordable Care Act continues to generate controversy with health insurance exchanges The Affordable Care Act has been a point of contention throughout the U.S. since it was passed in 2010. One of the more problematic provisions of the fede4ral health care law requires each state to host a health insurance exchange. These exchanges are meant to be online marketplaces where consumers can find affordable coverage. The problem is that many states disagree with the basic precepts of the Affordable Care Act, thus oppose its provisions entirely, leading these states to…

Health insurance decisions will need to be made by businesses

January 3, 2013January 3, 2013 H. Cutner

There is now less than a year for companies to decide on the employee benefit options they wish to provide. With New Year’s Day behind us, there is now less than one year before the heart of the healthcare reforms go into effect, causing companies to need to take a serious look at the health insurance benefits that they intend to offer once January 1, 2014 comes around. The overhaul to the system and the coverage laws will reshape the way American employers offer benefits. After the healthcare reforms go…

Health insurance mandate rejected by Florida voters

November 8, 2012November 8, 2012 Nordstrom

Health insurance mandate shot down by Floridians during election The U.S. elections have come to a close and that has major implications for the U.S. insurance industry. In Florida, voters have voted “no” on an issue concerning a health insurance mandate. Mandatory health insurance has become a controversial issue throughout the country, but many states are beginning to show interest in passing their own mandates rather than allow the federal government to impose one of its own. The federal Affordable Care Act imposes such a mandate on the entirety of the…