Live Insurance News

Sam’s Club to launch its own health insurance exchange

October 29, 2014October 27, 2014 S.Vagus

Retailer has announced plans to launch a private insurance exchange for small businesses Next month, open enrollment for U.S. health insurance exchanges will begin, granting consumers throughout the country new access to relatively inexpensive, yet comprehensive policies once again. Sam’s Club, a prominent retailer in the U.S., has announced that it is entering into the insurance market by launching its own exchange. The company’s exchange will have a focus on small businesses, which accounts for the majority of the retailer’s market. Through the private exchange, small business owners may be…

Health insurance mid-year financial checkups on their way

July 24, 2014July 21, 2014 H. Cutner

Individuals who purchased their plans from the official exchanges might want to look into their tax credits. Among the primary draws of purchasing health insurance through the state and federal exchanges was the opportunity to take advantage of the premium tax credit, but it is important for consumers to make sure that they continue to qualify for this advantage. Eligibility criteria could have changed since the time at which the health plan was first purchased. The health insurance tax credit was put into place to make sure that people with…

Health insurance companies in Louisiana seek rate increases for 2015

July 18, 2014July 16, 2014 Logan B.

Insurers are looking to raise rates for their coverage beginning in 2015 Some health insurance providers in Louisiana have submitted rate increase proposals that have raised red flags among the state’s regulators. The rate increases are for policies that will be sold through the state’s exchange in 2015. Consumers will be able to purchase these policies beginning on November 15, when the exchanges latest open enrollment period is scheduled to begin. The rate increase proposals coming from insurers are to be reviewed by the state’s insurance regulators. Blue Cross and…

Health care reform in Massachusetts brings uninsured rate to nearly zero

June 12, 2014June 12, 2014 G. Turner

The latest statistics from the state have revealed that nearly all of its residents now have insurance. Among the latest insurance news headlines to come from Massachusetts is the recent publication of statistics that have shown that following the health care reform, the number of residents in the state who are uninsured has dropped to nearly zero. This is the closest that a state has ever come to making sure that all of its residents have health insurance. Massachusetts already had a bit of a head start when it came…

Health care reform subsidy sizes vary from state to state

May 7, 2014May 5, 2014 H. Cutner

Depending on where people live, they may be receiving greater assistance for purchasing health insurance. Among the main elements of the health care reform is the subsidizing of the purchase of private insurance coverage for many Americans, in order to help to make sure that the coverage remains affordable for these individuals and families. However, all subsidies are not created equal, and people in some states are receiving more of them than others. Approximately 85 percent of the people who used the health care reform exchange websites in order to…

Health insurance plans are being snatched up with the deadline looming

March 20, 2014March 18, 2014 Julie Campbell

The end of the 2014 open enrollment period for the health care reform is only just over a week away. The Obama administration announced earlier this week that over 5 million people have now enrolled for health insurance under the Affordable Care Act, which suggests that the number of people signing up has picked up speed as the deadline for this year rapidly approaches. In the first half of this month, alone, an estimated 800,000 people signed up for coverage on the exchanges. Officials released a blog post that provide…

Health care reform may be finding success in New Hampshire

February 21, 2014February 23, 2014 Nordstrom

Legislation concerning state’s health insurance exchange may no longer be needed New Hampshire lawmakers are considering the viability of a legislation that would allow the state to build and operate its own health insurance exchange. The state is required to have an exchange per health care reform law passed in 2010. The state has, however, opted to allow the federal government to build and manage this exchange. This means that New Hampshire has limited impact on the way that the exchange operates and how it affects the state’s insurance market.…