Live Insurance News

Health insurance needs to step it up to reach young people

February 5, 2014February 3, 2014 H. Cutner

Now that the health care reform is in full swing, college age consumers aren’t enrolling. One of the factors that is the most central determining whether the health care reform will be successful over the long term has to do with enrolling a large number of young people in health insurance plans. Unfortunately, as of yet, this age group does not seem to be making much of an effort to sign up. The mid-January report from the Department of Health and Human Services (HHS) revealed that this key component to…

HHS reports 6 million people received health insurance on the New Year

January 6, 2014January 6, 2014 Logan B.

6 million new policies go active The U.S. Department of Health and Human Services has announced that nearly 6 million people now have active health insurance due to the provisions of the Affordable Care Act. Approximately 2 million people have received coverage from private insurers while 4 million have received coverage through government programs. The agency claims that this represents a major victory for the health care law and shows that insurance exchanges have managed to perform well despite their initial problems. 2 million people find coverage through exchanges According…

Health insurance plans purchased by over one million Americans

December 24, 2013December 21, 2013 G. Turner

According to Obama, much of this figure came from the over 500,000 who signed up on the federal site this month. According to a statement made by President Barack Obama, over one million people have now purchased their health insurance plans on the exchanges across the country, with over half of that number coming from the federal HealthCare.gov website, throughout the month of December. Despite a very rocky start, it does look as though enrollment has considerably picked up. The president revealed hints at these figures that had been tightly…

New York health insurance exchange set to meet its goal

December 13, 2013December 10, 2013 G. Turner

Enrollments in the state are on track with where it had expected to be and what it hoped to achieve. So far, while the implementation of the most public facing element of the healthcare reforms has been rather rocky, things appear to be perfectly on track with the New York health insurance exchange, as it has seen over 100,000 people enrolling and feels that it is on track to be able to reach the goals that it has set. With only two weeks left in which residents are able to…

Texas seeks higher requirements for health insurance navigators

December 10, 2013December 7, 2013 Logan B.

Navigators may be held to a higher standard in Texas The Texas Department of Insurance has proposed new requirements of health insurance navigators that will be working in the state’s insurance exchange. These navigators are a part of the Affordable Care Act and exist to provide assistance to consumers that are seeking coverage through the state-based exchange. Navigators can only work with non-profit organizations that have no affiliation with insurance companies and are subject to a federally mandated 40 hours of training before they can assist consumers. Agency wants more…

Obama announces policy rollback concerning health insurance plans

November 18, 2013November 18, 2013 Marc

Federal health insurance policy shifts Many health insurance plans in the U.S. are set to be canceled by January of 2014. These policies do not comply with the standards established by the Affordable Care Act and, as such, cannot remain active. Unfortunately, this means that those who have had their policies cancelled must purchase new policies in order to comply with federally mandated insurance coverage. This has caused significant controversy and has placed a great deal of pressure on President Barack Obama, who may have a plan to resolve the…

Health insurance fix for cancelled plans announced by President Obama

November 15, 2013November 14, 2013 H. Cutner

President Obama health insurance Obamacare

In a televised speech, insurers were allowed to offer their current plans for an additional year. President Obama has now announced a fix for the widespread problems regarding cancelled health insurance plans, as the date for the full implementation of the healthcare reforms draws ever closer. This gives the insurers the chance to maintain their current plans for a year, even if they don’t comply with the law. The fix was announced by the president in order to help to stop the tremendous trend that health insurance companies have started…