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Health insurance rates on the rise in Minnesota

October 7, 2015October 6, 2015 Nordstrom

Minnesota Health Insurance Trump Administration Lawsuit

Minnesota consumers to see major increases in their insurance premiums Some consumers in Minnesota may see their health insurance premiums skyrocket next year. The state’s Commerce Department has announced that regulators have approved rate increases coming from some of the state’s largest insurance providers. According to the agency, rates for health coverage will rise by an average of 49% throughout Minnesota. The largest rate hikes will be coming from Blue Cross and Blue Shield of Minnesota. Blue Cross Blue Shield intends to raise rates by an average of 49% According…

Health insurance premiums continue to grow in the US

July 9, 2015July 7, 2015 Nordstrom

Insurers are looking to raise rates on coverage being offered in 2016 Many of the country’s largest health insurance companies are looking to raise rates for the coverage they will provide in 2016. These insurers are seeking rate increases on policies provided through health insurance exchanges, and in some cases rates could go up by more than 40%. Blue Cross and Blue Shield is one of the insurers looking to raise premiums. For those living in Minnesota, coverage provided by the insurer could become significantly more expensive. Blue Cross and…

300,000 Minnesotans affected by data breach targeted health insurance provider

February 27, 2015February 26, 2015 S.Vagus

Vital information has been stolen from Anthem, which could affect consumers in a major way Approximately 300,000 residents of Minnesota have been affected by a massive data breach that struck major health insurance company Anthem, according to the state’s Commerce Department. Anthem has reported that the Social Security numbers of more than 200,000 consumers have been compromised, which could lead to identity theft and other issues. The health insurance company reported the data breach earlier this year, which compromised the information of many of its clients. The insurer has been…

Minnesota set to fight insurance fraud

February 17, 2015February 14, 2015 Logan B.

Lawmakers are taking steps to fight fraud in the insurance sector Lawmakers in Minnesota are beginning to focus on ways to cut down on insurance fraud. According to state officials, many people come to the state in order to exploit loopholes that exist in current laws, hoping for financial gain on fake medical claims and targeting other insurance sectors. Lawmakers are now drafting legislation that would provide the state’s Commerce Department with an anti-fraud unit, which would work to combat insurance fraud in Minnesota. New anti-fraud unit will help combat…

Minnesota Commerce Department releases information on health insurance exchange

October 2, 2014September 29, 2014 S.Vagus

Agency releases information about policies that will be sold through the state’s insurance exchange The Minnesota Commerce Department has released early information concerning health insurance premiums for policies sold through the state’s exchange, called MNsure. Several insurers have submitted rate filings for policies they will be selling through the exchange, and the Commerce Department intends to provide consumers with information concerning these policies so people can make plans about purchasing coverage in the near future. The state’s insurance exchange will begin a new open enrollment period on November 15. Individual…

Faults with insurance technology has crippled exchanges in several states

April 8, 2014April 12, 2014 Logan B.

online health insurance technology exchange

State officials come together to highlight the technology problems facing exchanges Officials from five different states are citing technology problems as the reason that their health insurance exchanges have failed to operate successfully. Representatives from Hawaii, Maryland, Massachusetts, Minnesota, and Oregon suggest that technical problems had made it nearly impossible for many people in their states to enroll for coverage through state-based exchanges. The technology behind these exchanges has been heavily criticized since the exchanges began open enrollment in 2013. Ongoing problems may have kept several thousand people from finding…

Flood insurance reforms may be missing the mark

April 2, 2014March 31, 2014 Marc

Homeowners are finding that their flood protection costs are increasing rapidly Reforms to the National Flood Insurance Program have been passed, but these changes may have little impact on the actual cost of flood protection in many parts of the U.S. The reforms were meant to limit the rate at which flood protection becomes more expensive, but homeowners in many parts of the country could face “extreme costs” when it comes to their coverage in the coming months. In Winona County, Minnesota, for instance, homeowners are being told to brace…