Live Insurance News

New health insurance option may be coming to Wyoming

February 22, 2016February 20, 2016 S.Vagus

Wyoming may study the financial impact of opening up the state’s insurance plan to residents Those living in Wyoming may have a new option when it comes to health insurance coverage. The Wyoming Department of Health may study the possibility of allowing all those living in the state to join its existing insurance plan. The state’s Joint Appropriations Committee has approved to add the study to a two-year budget legislation that has been introduced. Lawmakers want to task the Department of Health with building a report concerning the financial impact…

Health insurance subsidies are at risk in the US

May 14, 2015May 13, 2015 Logan B.

cash money subsidy health insurance deductibles

Supreme Court is set to rule on a legal challenge to the Affordable Care Act The U.S. Supreme Court is set to rule on a legal challenge that has been made against one of the Affordable Care Act’s provisions. The provision in question is one meant to provide subsidies for those seeking coverage through health insurance exchanges. These subsidies are meant to reduce the cost of insurance coverage for many people, making it possible for more people to obtain coverage. Subsidies offered for coverage found through federal exchanges may vanish…

Health insurance enrollment in Wyoming continues to grow

February 5, 2015February 4, 2015 Nordstrom

Federal records show that 17,800 people have enrolled in the Wyoming insurance exchange The number of people finding health insurance coverage through Wyoming’s exchange continues to grow. According to information provided by the Department of Health and Human Services, some 17,800 people have enrolled in the state’s health insurance exchange during the most recent open enrollment period. Many people are coming to the exchange to find affordable coverage, the cost of which is being offset by the availability of subsidies from the federal government. State’s exchange manages to resolve its…

Wyoming health insurance exchange may be a success

December 17, 2014December 16, 2014 Marc

State’s insurance exchange is already showing promising results Wyoming’s health insurance exchange may be performing well. The exchange began open enrollment last month and since seem a surge of activity from those looking for affordable coverage. According to Stephen Goldstone, president and CEO of WINHealth, one of the insurer’s offering coverage through the exchange, WINHealth has had approximately 9,000 people enroll for coverage thus far in the open enrollment period. More people may find access to insurance coverage if state lawmakers decide to expand the Wyoming Medicaid program. Lawmakers debate…

Wyoming insurance rates spike due to severe weather

June 11, 2012 Marc

Severe weather begins to take its toll on Wyoming insurance industry Over the past two years, severe weather has had a profound impact on the U.S. insurance industry. The effects of natural disasters have been more modest for some states than they have been for others. In Wyoming, the state’s Insurance Department warns that two years of severe weather are driving up insurance premiums and deductibles. State insurance officials note that last year’s disasters, in particular, are having an impact on insurance prices this year. Wyoming and surrounding area classified…

Trustmark Life Insurance clashes with federal regulators over higher insurance rates

January 13, 2012May 5, 2013

Trustmark Life Insurance Co. has run afoul of federal insurance regulators who claim that the company has raised rates for health insurance to unreasonable levels. The insurer has raised rates in five states by at least 13%, according to the Department of Health and Human Services. These states are Arizona, Virginia, Wyoming, Pennsylvania and Alabama. The Affordable Care Act requires insurers to submit their rate proposals for federal review if they pass the 10% mark. The Department of Health and Human Services has ordered the insurer to rescind the rate…

Debate over illegal workers covered for “while at work” injuries

March 10, 2011March 10, 2011 H. Cutner

Illegal immigrants have once again moved to the forefront of public debate. Now, the various law makers, and state governing boards, are trying to come to a “middle of the road” agreement. What prompted all of this? It seems that a few states have taken a stand against compensating illegal immigrants who are injured at their job. Which prompts another question; how did these illegal immigrants get jobs? The best-guess numbers say that five percent of the U.S. workforce is (illegal) immigrants. The estimate is there are around eight million…