Live Insurance News

New Jersey home to some of the most expensive health insurance coverage in the US

June 24, 2014June 20, 2014 S.Vagus

Report highlights the costs of insurance coverage throughout the US under the Affordable Care Act The U.S. Department of Health and Human Services has released a report that serves as the federal government’s first concerted effort to evaluate the affordability and availability of insurance coverage through the Affordable Care Act. Some 36 states were evaluated for the report and the federal agency found that New Jersey was home to some of the most expensive coverage in the country. New Jersey residents are paying significantly more for their health insurance coverage…

Health insurance costs in Missouri and Kansas are cut down thanks to tax credits

June 20, 2014June 20, 2014 Nordstrom

Tax credits lead to more affordable coverage for those in Missouri and Kansas Tax credits offered by the U.S. federal government are having a major impact on the cost of health insurance in Missouri and Kansas. These tax credits come from the Affordable Care Act, passed in 2010, and have helped make insurance coverage more accessible and less expensive. The credits are applied to policies that are sold through state-based insurance exchanges and are available to those that fall within a certain poverty level, as defined by the federal government.…

More companies aim to participate in Michigan health insurance exchange

June 13, 2014June 11, 2014 Marc

18 insurance companies are seeking entry into the state’s insurance exchange this year Michigan residents may have more options when it comes to purchasing health insurance coverage through the state’s insurance exchange this year. The Michigan Department of Insurance and Financial Services has announced that it has received policy proposals from 18 of the state’s insurance companies that are interested in participating in the exchange. All but two of these companies have filed proposals for individual policies, with 11 offering small group policies designed specifically for businesses. Regulators are currently…

More than 800,000 people sign up for health insurance in New York

April 3, 2014April 12, 2014 S.Vagus

New York insurance exchange sees a spike sign ups as open enrollment comes to a close An estimated 100,000 New Yorkers have signed up for insurance coverage through the state’s exchanges over the past week. To date, more than 812,000 people have signed up for coverage through the insurance exchange. Open enrollment for the exchange ended on March 31, meaning that those still uninsured may be subject to federal tax penalties. Those without insurance coverage can still find policies through the private market, of course, but may still be exposed…

Health insurance rates may be set for dramatic rise

March 24, 2014March 22, 2014 S.Vagus

Insurance industry experts warn of impending rate shock from higher rates in 2015 The issue of health insurance premiums rising in the U.S. as a result of the Affordable Care Act has received a great deal of attention over the past few years. According to the Department of Health and Human Services, rates will indeed increase in the coming year, but only by a modest amount. The agency suggests that the financial impact of new insurance regulations has not been sufficient enough to cause insurers to raise premiums by a…

Illinois is on track to reach health insurance exchange enrollment goals

March 17, 2014March 15, 2014 S.Vagus

Enrollment in state’s insurance exchange continues to accelerate as people become more conscious of March 31 deadline In Illinois, enrollment in the state’s health insurance exchange has begun to pick up momentum. Nearly 900 people are enrolling for coverage through the exchange on a daily basis, according to figures released by the Department of Health and Human Services. Some 113,733 people throughout the state have enrolled for coverage through the exchange in the first five months of its existence. Similar results are being seen in other states when it comes…

Young people are showing interest in health insurance

February 18, 2014February 17, 2014 S.Vagus

HHS releases new data concerning enrollment in state and federal insurance exchanges The U.S. Department of Health and Human Services has released new data concerning enrollment in health insurance exchanges throughout the country. These exchanges are meant to provide consumers with access to affordable insurance coverage. The policies sold through these exchanges are offered by private insurance companies and must provide certain benefits according to federal regulations. Enrollment in exchanges has been somewhat slow due to ongoing technical problems with the exchange infrastructure. Young consumers are beginning to show more…