Live Insurance News

New health insurance legislation passed in Texas

June 3, 2015June 1, 2015 Marc

Health insurance cards for policies sold through state exchange will have a QHP label New legislation in Texas will place a special label on all health insurance cards for those that have purchased plans through the state’s exchange. This label — QHP — will be affixed to insurance cards to denote that policyholders have purchased coverage through the state’s exchange. The label stands for “qualified health plans,” which are policies that are approved to be sold through the health insurance exchange marketplace. This may serve as a “teachable” moment for…

Health insurance exchange in Colorado is after a Medicaid reimbursement

May 19, 2015May 16, 2015 H. Cutner

The financial survival of the state’s marketplace depends on being able to recover millions of dollars. The Colorado health insurance exchange is scrambling to be able to recover millions of dollars that were racked up in the expansion of the state’s Medicaid program in order to make sure that the marketplace will be able to remain financially viable. That said, the Connect for Health Colorado marketplace was not designed for the collection or counting of reimbursements. According to the new interim CEO of Connect for Health Colorado, Kevin Patterson, “We…

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.…

China’s insurance industry is surging

February 26, 2015February 24, 2015 Nordstrom

china newspaper mobile life insurance products

Insurance industry is experiencing rampant growth as more consumers purchase coverage China’s insurance industry is experiencing a period of rapid growth, according to the China Insurance Regulatory Commission. The organization has released information that showed that the country’s insurers have recorded a total premium income of $320.5 billion in 2014. Premiums revenue has grown by 17.5% last year, the highest margin it has grown by in the past three years. The insurance industry has been experiencing a surge as more people purchase coverage in several different sectors. Consumers are using…

California could fall short of its health insurance enrollment goal

February 16, 2015February 14, 2015 S.Vagus

Covered California may not reach its enrollment goal this year California may be falling short of its goal to enroll 1.7 million people into its health insurance exchange, called Covered California. The state has been heavily promoting its insurance exchange, hoping to raise awareness of the availability of health insurance coverage for those that do not have it. During the last open enrollment period, the state managed to enroll hundreds of thousands of people into the exchange, but enrollment rates have slowed considerably during the last days of the latest…

Colorado lawmakers look to increase oversight of state’s health insurance exchange

January 29, 2015January 27, 2015 Logan B.

New legislations aim to introduce more oversight on insurance exchange Colorado may be placing its health insurance exchange under more scrutiny. The state’s Senate had granted approval for two bills that are designed to increase oversight of the exchanged, called Connect For Health Colorado. The exchange has managed to attract a large number of enrollees, all of whom are looking for affordable health insurance coverage. The recent success of the exchange has been praised by lawmakers, but past failures have also called into question how the exchange is operated. First…

More than 500,000 people find health insurance coverage through Michigan’s exchange

January 6, 2015January 3, 2015 Marc

State records show that 507,618 people have enrolled in the Healthy Michigan Plan More than half a million residents of Michigan have acquired health insurance coverage through the state’s exchange, called the Healthy Michigan Plan. According to state records, 507,618 have enrolled in the exchange during the first month of the latest open enrollment period. These people have found coverage that they favor through the exchange and it is estimated that the majority of enrollees are receiving subsidies for this coverage from the federal government. Exchange’s technical faults seem to…