Live Insurance News

Insurance news made by the goodwill of the internet community for bomb victim

April 22, 2013April 20, 2013 Julie Campbell

An uninsured hero from the bombing in Boston has had his story go viral and people want to help. The story of a man who lost both of his legs in the bombing at the Boston Marathon has started making insurance news, as the world discovered that despite his injuries, he was a part of the identification of the attackers. The man’s name is Jeff Bauman, who is uninsured and who helped to I.D. the bombers. The insurance news story went viral very quickly and the internet community responded with…

Health insurance restrictions for abortions approved by Pennsylvania lawmakers

April 18, 2013April 16, 2013 G. Turner

The House has passed a bill that would limit the amount of this coverage that could be obtained through the exchange. A House committee in Pennsylvania has just given its approval to a bill that would restrict the coverage that is available for abortion under the health insurance exchange that is being established in the state under the Affordable Care Act. The bill was passed following a vote that occurred essentially along party lines. The vote passed the bill at 15 to 9, which will send the proposal forward. The…

Loophole could help health insurance companies avoid Affordable Care Act

April 11, 2013April 10, 2013 Logan B.

Health insurance companies may find major benefit in loophole in federal law Health insurance companies throughout the U.S. have been working to find ways to avoid the costly implications associated with the federal Affordable Care Act. There are several provisions associated with the federal law that are expected to have a major impact on the cost of health insurance coverage, largely due to the fact that these provisions institute more regulations on insurers. Some health insurance companies seem to have found a possible way to avoid complying with the federal…

Critical illness insurance receiving growing attention across the country

April 11, 2013August 10, 2013 Julie Campbell

Consumers are discovering that their standard health benefits are not always providing enough. The latest data from the American Association of Critical Illness has shown that among the 1.5 million people in the United States who will declare bankruptcy at 2013, 60 percent of them will have done so out of a lack of ability to cover their medical bills – a situation which could have been prevented in many cases through supplementary critical illness insurance. This circumstance has increased by 50 percent over the span of the last six…

Health insurance bill passed to open Kansas market

April 8, 2013April 30, 2013

The House was struggling with the bill that would permit insurers to sell very basic coverage in the state. On the last day of the regular session in Kansas, the House dedicated hours to debates, re-considerations and the pushing back of a bill, which was finally passed in order to allow the state to add bare bones health insurance policies to its market. The purpose of the bill is to help to make the coverage more affordable than what is currently out there. Senate Bill 163, which has been nicknamed…

Health insurance plans rarely meet the minimum exchange requirements

April 5, 2013April 3, 2013 G. Turner

A recent study has shown that the majority of policies aren’t up to the minimums of the federal law. Individuals and families that are already purchasing their own health insurance plans will likely want to pay attention to the latest news that has been released following a study at the University of Chicago. It determined that most plans aren’t up to the quality required by the federal healthcare overhaul. This will mean that even some individuals who have already purchased their own health insurance coverage will need to change their…

Health insurance exchange for small businesses to be delayed

April 4, 2013April 2, 2013 H. Cutner

Health insurance for small business health care costs

Though promised by the healthcare reforms, it looks like there may be another year to wait. Employees of small businesses may need to wait an extra year before they will be able to take advantage of the health insurance exchange that was promised to companies of that size, as the Obama administration has announced a delay in the implementation of an important provision to the Affordable Care Act. These workers were supposed to have access to coverage through the marketplace as of January 2014. This would have applied to small…