Live Insurance News

New report highlights the expensive nature of health insurance

March 17, 2015March 14, 2015 Logan B.

Many people in the US cannot afford the deductible on their health insurance policies The Kaiser Family Foundation has released a new report that shows that more consumers in the United States have health insurance, but fewer of these people are actually able to afford the deductible on their policies. The Affordable Care Act has helped make insurance coverage more accessible to consumers, but the law has not made deductibles for new policies affordable. Many consumers with mid-to-high range plans are unable to afford their deductibles because of a lack…

Health insurance penalties are becoming more expensive in 2015

January 2, 2015December 31, 2014 S.Vagus

Penalties for those without insurance coverage are set to rise next year Those without health insurance in the United States could face higher penalties in 2015. Next year will be the first time that U.S. citizens will be required to report whether or not they have insurance coverage to the Internal Revenue Service. Those without insurance coverage will face fines, while those with coverage will avoid these fines. The uninsured could qualify for some 30 exemptions to these penalties, but most people are completely unaware of these exemptions. 3% of…

Health insurance rates could spike in small states

November 13, 2014November 12, 2014 Nordstrom

Baby boomers relying more heavily on medical care could lead to a surge in spending Baby boomers are entering their “golden years” and this may have a significant impact on health insurance premiums for everyone else. An estimated 76 million people from the baby boomers generation are expected to create a surge in spending on prescription medications, health care, and hospice car. This may become a major financial issue for insurance companies, with insurers like UnitedHealth and WellPoint seeing few other options than raising rates. For some states, premiums may…

Health insurance premiums for family coverage are on the rise

September 15, 2014September 13, 2014 S.Vagus

Premiums for family plans offered by businesses are growing Premiums for employer-sponsored family health insurance plans rose for the third consecutive year, according to a survey from the Kaiser Family Foundation and the Health Research & Educational Trust. Insurance rates have been climbing despite certain provisions of the Affordable Care Act becoming active this year. These provisions had been meant to offset the rate at which insurance premiums were increasing, but they have only proven to be moderately successful. Study shows modest increase in cost of family policies The study…

More Californians have access to health insurance coverage than ever before

August 5, 2014August 2, 2014 Marc

Survey shows that insurance coverage is becoming more accessible The number of Californians without health insurance coverage has dropped dramatically since the state’s insurance exchange began operating in October of last year. According to a survey released by the Kaiser Family Foundation, 60% of those that did not have insurance coverage before the exchange began accepting enrollees now have insurance coverage. Those that remain uninsured may be a problematic issue to deal with, however, when the exchange begins another open enrollment period in November of this year. 80% of those…

Health insurance: the most and least expensive U.S. markets

February 20, 2014February 17, 2014 H. Cutner

health insurance rates highest and lowest

The cost associated with buying coverage varies widely across the country. Although the health care reform included the development and implementation of exchanges that were designed to allow consumers to be able to compare and purchase the right health insurance at the most affordable price, the varying cost of coverage across the country has remained as present as it ever was. Depending where the plans are being purchased, policyholders may find themselves paying more or less. There are many different factors that are considered when it comes to calculating health…

Many Nebraskans are eligible for health insurance subsidies

November 14, 2013November 11, 2013 S.Vagus

Report shows that Nebraskans could be missing out on health insurance subsidies Residents of Nebraska have been slow to enroll in the state’s health insurance exchange due to technical difficulties and uncertainty concerning the options that are available to them. A new report from the Kaiser Family Foundation shows that approximately 239,000 people could find better coverage through the exchange, but only 500 people have enrolled into the exchange thus far. The report shows that many people are eligible for federal subsidies that could offset the cost of health insurance…