Live Insurance News

Health insurance rates are on the rise in Ohio

June 10, 2013June 8, 2013 H. Cutner

Residents of the state are projected to see higher bills every month to continue their coverage. According to the latest analysis from the Ohio Department of Insurance, the residents of the state will likely have to pay more money than they currently are for their health insurance coverage once the exchange goes into place. In fact, in some cases, the costs could be significantly higher, depending on the coverage selected. This could mean that people who choose to buy their health insurance through the state run online marketplace could find…

Health insurance for employees is on the rise in Massachusetts

May 16, 2013May 14, 2013 G. Turner

Employer sponsored coverage is becoming more common among workers within the state. According to the data in a recent report, the percentage of employees in Massachusetts who are opting to take part in their employer’s sponsored health insurance coverage instead of taking home a larger amount of pay has increased since 2006, when the state overhauled its medical coverage system. The report also suggested that the federal Affordable Care Act may replicate this same result. The share of employees who have health insurance through their employment increased from having been…

Health insurance exchange decision nearly made by Washington DC

May 15, 2013May 25, 2013 Julie Campbell

Health insurance care reform confusion debate

The D.C. Council will be making its decision about small business plans as early as next week. It is now believed that the decision regarding whether or not small business owners will be required to buy the health insurance for their employees through an exchange run by Washington D.C. will be made as soon as next week. This decision will help to determine how D.C. will be complying with the federal healthcare reforms. Council member Yvette M. Alexander (D – Ward 7) has explained that it is her intention to…

Health insurance rates will rise for some in Massachusetts

May 13, 2013May 25, 2013 G. Turner

The cost of the coverage will be rising by an estimated 2.5 percent, on average, this summer. Policies that are purchased or renewed by individuals and small businesses, as of July 1, in Massachusetts, will be facing an increase in their health insurance rates at an average of 2.5 percent. This is a lower increase than the rate hike that was seen for the policies renewing in the current quarter. The increase that was experienced by health insurance policyholders who renewed or purchased during the current quarter had been an…

5 Medical Insurance Ideas Post-Retirement

May 5, 2013February 15, 2014 Guest Author

Similar to planning your pension or retirement fund, planning your medical insurance for post retirement is largely a case of future planning. Taking into consideration the current global economic situation, we are living in a time of great financial insecurity. By planning ahead, we can hopefully try to cushion any unexpected financial changes, be it personal finances or state finances. These issues are hard to bracket into one general group, as everybody’s financial and personal situation is individual but these tips might help to get you on the right track…

Health insurance research shows coverage and being healthy are not the same

May 3, 2013March 1, 2014 H. Cutner

The Oregon Health Experiment has demonstrated that even people with a plan get sick and die. A study about the relationship between health insurance coverage and actually being healthy was conducted in Oregon and showed that having a plan doesn’t necessarily guarantee wellness. The project was lead by Amy Finkelstein, from MIT, and showed that the two are not the same. Called the Oregon Health Experiment, the research indicated that while some people who have coverage live long and healthy lives, others get sick and die. It also determined that…

Health insurance exchange director hired in Idaho

April 26, 2013April 24, 2013 G. Turner

The position has now been granted to Amy Dowd a former employee of the state department. The new director of the health insurance exchange in Idaho has now been announced, bringing in Amy Dowd as its head in order to guide it toward its official launch on January 1, 2014. Dowd had previously been an employee of the Department of Insurance within the state. This rehiring would bring Dowd back into a position as an official for the state in this industry. The decision to hire her as its executive…