Live Insurance News

Government to improve its health insurance gateway

October 14, 2015October 13, 2015 S.Vagus

HealthCare.gov will be receiving promising upgrades The U.S. government is looking to improve its health insurance gateway, HealthCare.gov, ahead of the beginning of the next open enrollment period in November. The upgrades are expected to improve the services that the site provides to consumers, making it easier to enroll in health insurance plans. In the past, HealthCare.gov has failed to successfully enroll consumers, making it difficult for them to find the coverage that they need. The government has brought many improvements to the site over the years, but the latest…

Demand for cyber insurance is on the rise

October 6, 2015October 4, 2015 Logan B.

Cyber insurance is becoming more popular among the world’s various organizations Demand for cyber insurance is on the rise throughout the world, according to a new report from Timetric. This is largely due to the growing frequency of digital attacks against businesses and governments. These attacks are having a major financial impact on several organizations and consumers. With more businesses beginning to rely on technology and the digital space, cyber attacks are becoming a significant concern and organizations want protection against these attacks. Some $2.5 billion cyber insurance premiums collected…

Pennsylvania consumers report surprise costs not covered by their health insurance

October 2, 2015September 30, 2015 Marc

Consumers are receiving unexpected bills from medical professionals that are not covered by their insurance policies Unexpected medical bills are proving to be a surprise to many consumers in Pennsylvania. Many consumers have reported surprise charges for their medical care, though they believed that their health insurance policies would cover these costs. The issue is placing some consumers under greater financial strain, as they were unprepared to cover the costs associated with medical care. The problem may be out-of-network care providers, which consumers are unaware of at the time that…

Direct care allows consumers to bypass their health insurance

October 2, 2015September 30, 2015 S.Vagus

More consumers are taking advantage of direct care medical services A growing number of consumers are beginning to bypass their health insurance coverage in order to take advantage of direct care from medical professionals. For many, the high deductibles associated with their insurance coverage is simply too high, which is encouraging them to receive care directly from medical care providers rather than make use of their insurance policies. Some consumers are finding it less expensive to take advantage of direct care rather than use their costly insurance coverage. High deductible…

Donald Trump has big plans for health insurance in the US

October 1, 2015September 30, 2015 Logan B.

Trump plans to repeal the Affordable Care Act, replacing it with a new system Donald Trump will be running for the presidency in 2016 and he has plans concerning the country’s health care system. During a recent interview with “60 Minutes,” Trump announced that he will seek to repeal the Affordable Care Act and replace it with a private plan that he claims will “cover everybody.” Trump has not outlined specific plans for such a system, but he suggests that it will provide health insurance coverage and access to medical…

Survey highlights auto insurance myths that consumers believe are true

October 1, 2015September 30, 2015 Nordstrom

Survey shows that many drivers believe in myths about what affects the cost of their insurance coverage InsuranceQuotes.com has released the results of a new survey concerning the auto insurance myths that consumers believe are true. The survey was meant to uncover the factors that drivers believes influence the price of their insurance coverage. Many drivers believe that myths, such as owners of red vehicles are charged more for coverage, are true, which may have an impact on how they shop for coverage as well as the vehicles that they…

Health insurance deductibles have risen sharply since 2010

September 28, 2015September 27, 2015 S.Vagus

Survey finds that deductibles for employer-sponsored coverage have grown aggressively A new survey from the Kaiser Family Foundation and the Health Research & Educational Trust has found that health insurance deductibles have risen dramatically since 2010. These deductible increases have primarily affected those with employer-sponsored coverage. Many employers have been facing greater financial strain in providing their workers with insurance coverage, especially as insurers make their plans more expensive. As a result, consumers have been facing higher out-of-pocket costs for their coverage even as premiums have continued to grow. Workers…