Live Insurance News

Health insurance price limits for older beneficiaries held by federal government

February 26, 2013February 26, 2013 G. Turner

The Obama administration sticks to its restrictions on what insurers are allowed to charge. The federal government has now finalized a regulation for health insurance companies that is designed to safeguard consumers through tighter restrictions on what those insurers are allowed to charge older beneficiaries. The government made the decision despite warnings from the industry that everyone else may need to pay more. Health insurance companies have warned the Obama administration that if older customers are not allowed to pay more for their coverage, then younger policyholders may see their…

Health insurance in New Jersey is most expensive at the biggest organizations

February 7, 2013April 30, 2013

A new study from ADP has found the it is the large companies that pay the most for coverage. The results of the latest research by Automatic Data Processing (ADP) have been released in a recent report, which has indicated that it is the residents of New Jersey who work for large businesses that typically pay the highest amount for their health insurance premiums. This is the case in New Jersey more than in any other state, said the ADP study. The research showed that the average New Jersey employee…

Health insurance premiums rise for Missouri autism services

February 6, 2013April 30, 2013

A newly released report has shown that the cost of coverage for treatment in the state is increasing. A report has just been released that has revealed that the payments being made for health insurance that covers treatments that are related to autism spectrum disorders have been sharply rising over the last year in Missouri. In fact, the data in the report indicated that the coverage costs rose by over half in 2012. This data indicated that health insurance that would cover treatments for autism saw a spike in its…

Health insurance compromise offered by Obama over controversial birth control coverage

February 4, 2013April 30, 2013

Religious groups continue their objections regarding this element of the Affordable Care Act. Among the largest objections voiced about the healthcare reforms that have been – and that are currently being – implemented across the country has arisen from religious organizations that do not feel that they should be obligated to pay for birth control for their workers through their employee sponsored health insurance plans. Friday, President Obama put forth a compromise regarding coverage for contraception. This most recent proposal focuses on a regulation that would have two primary elements.…

Health insurance companies could start treating patients like drivers

January 26, 2013April 30, 2013

Some American insurers intend to treat medical coverage similarly to auto policies. There have been many new developments in the health insurance sector over the last few months as companies prepare to manage the influx of new policyholders and to comply with the laws and regulations that have been put in place as a result of the federal healthcare overhaul. As a part of this change, some insurers have been changing their strategies to reflect vehicle coverage. Vehicle policies reward drivers who display good behaviors which would decrease their risk…

Health insurance plans often place a large amount of expense on customer shoulders

October 6, 2012October 6, 2012 H. Cutner

Lower premium policies are leading to high costs that can be financially crippling. A first of its kind American health insurance analysis of over 6,000 plans that are geared toward families and individuals has shown that the majority of people who enroll in them are at risk of facing tremendous out of pocket medical expenses that could cause them to face financial ruin. Plans that feature lower monthly premiums often have high limitations to the coverage they provide. For this reason, it is not uncommon for people to face enormous…

Governor Rick Scott addresses insurance fraud issue in Florida

January 13, 2012January 13, 2012 Julie Campbell

Governor Rick Scott spoke in his state of the state address about the importance of reforms to Florida’s no fault auto insurance system, aimed to significantly reduce the fraud abuse which is currently rampant within it. According to Scott, the cost of fraud to the people in the state is an estimated $900 million. In his address, he said that “If we do not act, the Office of Insurance Regulation predicts that costs for consumers will continue to spiral out of control.” He also claimed that the premiums that are…