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Insurance News 10/2013



This 'young invincible' is ready to be covered by health insurance
Helena Gudger is the type of person health-insurance companies need on the books as the federal Affordable Care Act begins to roll out: young, relatively healthy and hungry for coverage. The 26-year-old Phoenix resident has gone the past four years ...

New health insurance exchanges want young, healthy people
Older and sicker Californians are likely to be first in line for guaranteed health coverage as the state's new insurance market opens Tuesday as part of the landmark healthcare law. Like shoppers queuing up for bargains on Black Friday, people such as ...

Flood insurance rates set to skyrocket because of new federal law
On the same day the federal government grinds to a halt, more than 268,000 Florida homeowners will face a hit to their pocketbooks because of federal inaction on another front — rising flood insurance rates. Gov. Rick Scott, Chief Financial Officer ...

California Reaches Out to Educate Latino Community on New Insurance ...
California Reaches Out to Educate Latino Community on New Insurance ...

Health Exchange Problems
Under Obamacare, everyone who files a federal income tax form is required to have insurance. Most employers also have to offer coverage, though the Obama administration delayed penalties for companies with more than 50 full-time workers that don't ...

The Hard Math of Flood Insurance in a Warming World
So property owners who will see their flood insurance rates are paying the price for the unintended consequences of the Biggert-Waters Act. But take a dive into the very perverse world of subsidized flood insurance, and you'll see that we as a country ...

White House shows off Web site to buy health insurance under Obamacare
People seeking to buy health insurance on the federal marketplace will be able to enter personal information, including their incomes and Social Security numbers; learn how much government assistance they might qualify for, if any; search for plans by ...

ObamaCare Enriches Only The Health Insurance Giants and Their Shareholders
So far in 2013 the value of the S& P health insurance index has gained 43%. Thats more than double the gains made in the broad stock market index, the S & P 500. The shares of CIGNA are up 63%, Wellpoint 47% and United Healthcare 28%. And if you go ...

And they're off! Insurance markets open, but not quickly
“Sorry, Health Insurance Marketplace Live Chat isn't available right now,” the website advised. “We apologize for the inconvenience. Please try again later, or call your Customer Service Center at 1-800-318-2596.” President Barack Obama said it crashed ...

Mass. launches updated health insurance web site as US coverage law takes ...
Mass. launches updated health insurance web site as US coverage law takes ...

Californians celebrate, curse first day of health insurance exchange
Californians on Tuesday reacted to the widely anticipated rollout of California's online health insurance exchange with a blend of elation and sticker shock. While the main website sputtered and callers waited in long queues as part of the Day One ...

Glitches, delays mar rollout of online health insurance marketplaces
WASHINGTON — New online insurance marketplaces created by President Obama's healthcare law got off to a bumpy start Tuesday, as a rush of consumers and a host of technical glitches slowed enrollment on the first day uninsured Americans could sign ...

GOP States Offer Little Help on Buying Insurance
After three years of bashing President Barack Obama's health care overhaul, Republican governors were surprisingly mute on the first day consumers could shop for insurance policies through online marketplaces. But in the 36 mostly Republican states ...

Opening Rush to Insurance Markets Runs Into Snags
Millions of Americans visited new online health insurance exchanges as enrollment opened on Tuesday, suggesting a broad national appetite for the affordable coverage that President Obama has promised with his health care law. But many people quickly ...

Pressure Mounts to Fix Health Insurance Exchanges
The pressure is on for the federal government and states running their own health insurance exchanges to get the systems up and running after overloaded websites and jammed phone lines frustrated consumers for a second day as they tried to sign up for ...

Calif.'s Health Insurance Exchange Draws Heavy Interest, Overloads Website
SACRAMENTO (AP) — Thousands of Californians seeking to buy their own health insurance flooded call centers with questions and overloaded the state's online marketplace Tuesday on the first day of a new federal health care law that will dramatically ...

Glitches continue to plague health insurance marketplaces
WASHINGTON — Problems with health insurance marketplaces created by President Obama's healthcare law persisted for a second day Wednesday as website glitches prevented many consumers from enrolling in coverage. Obama administration officials ...

Analysis: Jackson case will change the tune for concert, artist insurance
LOS ANGELES (Reuters) - When Britney Spears takes the stage this December for the first of a heavily hyped 100-show two-year residency at Planet Hollywood in Las Vegas, the loudest cheers may come from her insurance underwriters. Along with the ...

Minnesota house insurance premiums leap after just one claim
Minnesotans already pay high premiums for homeowners insurance, and a new study found they get penalized the most in the nation for filing a claim. hide. A June storm felled this tree in Rockville, Minn. Such destruction warrants an insurance claim ...

The Landscape of Small-Business Health Insurance
Five years ago, a start-up called Liazon began offering businesses a new way to provide health insurance to employees. On Liazon's Bright Choices, an online marketplace, a company can specify how much money it wants to spend on each employee's ...

Scott Walker says no decision made on self-funded insurance program
Madison — Gov. Scott Walker is exploring creating a self-insured health coverage program for state employees instead of using private health maintenance organizations, but has made no decisions on the matter, he said Wednesday. Those studying the ...

Small Businesses May Find Insurance Relief In Exchanges
Walk down the carpeted hallways of Westwind Media in Burbank, Calif., and it's common to hear the odd explosion, the hum of traffic or a burst of gunfire. It's here in these edit bays that small feature films and episodic television dramas like the ABC ...

Why does Obamacare mandate health insurance?
(MoneyWatch) One of the most unpopular features of the Affordable Care Act seems to be the mandate that every American be covered by medical insurance. Under basic insurance principles, however, this is the price that must be paid for one of the most ...

Insurance Manager: 'We Have Yet To Have Someone Successfully Register On ...
Insurance Manager: 'We Have Yet To Have Someone Successfully Register On ...

Back To Work After A Baby, But Without Health Insurance
Pardit Pri had health insurance until she decided to quit her job as a legal administrative assistant and stay home with her newborn son 20 months ago. She thought she'd have coverage by now. But it didn't work out that way. "I knew that I wasn't going ...

Health Insurance Exchanges: Reading the Tea Leaves on Day One
Starting Tuesday, the federal government will make it possible for millions of uninsured Americans who can't get health insurance, or can't afford it, to obtain coverage with the aid of government subsidies. The editorial board said it is a striking ...

5 things to think about when picking your health insurance plan
(CNN) -- Frankie Huff is working on her doctoral degree in Florida and can tackle most complicated education theories with ease. That's not the case when it comes to picking a health insurance plan through her school. "It is daunting -- at times, more ...

Will You Be Fined If You Don't Buy Health Insurance?
The new healthcare options introduced this month can be complex—and confusing. To help you make sense of it all, Frank Lalli, former editor of Money magazine and author of an upcoming book on finding affordable healthcare, will answer questions ...

Insurance Brokers Look For Relevance As Health Exchanges Grow
When states and the federal government rolled out online marketplaces to help people buy health insurance on Tuesday, you'd think that old-fashioned insurance brokers would have been worried. All told about $200 million is being spent on a new army of ...

People Are Calling This Obamacare Insurance Exchange in Tears
For Xerox's (XRX) Kevin Walsh, “10/1,” as he calls this past Tuesday, was years in the making. Walsh is the managing director of a division of Xerox that's working with states on the insurance exchanges created by the Affordable Care Act, and Oct. 1 ...

Oscar, The New York Health Startup Looking To Revolutionize Insurance ...
Oscar, The New York Health Startup Looking To Revolutionize Insurance ...

UK Insurance Fiasco Leads to Windfalls, Jobs
Instead, they are among a large group of Britons benefiting from efforts to mop up a scandal in which banks improperly sold customers tens of billions of pounds of insurance and other financial products over two decades. U.K. banks are paying billions ...

Analysis: Jackson case will change the tune for concert, artist insurance
LOS ANGELES (Reuters) - When Britney Spears takes the stage this December for the first of a heavily hyped 100-show two-year residency at Planet Hollywood in Las Vegas, the loudest cheers may come from her insurance underwriters. Along with the ...

Are Insurance Providers Buying Into Digital Health? Audax Health Is Making It ...
Are Insurance Providers Buying Into Digital Health? Audax Health Is Making It ...

Good Question: Why Do Our Insurance Rates Rise So Quickly?
“When you look at these premium increases, it is directly because we have seen more hail, intense hail, larger hail,” said Mark Kulda, vice president of Public Affairs for the Insurance Federation of Minnesota. Kulda said the trend for more devastating ...

Fewer Middle Age Americans Buying Life Insurance
DENVER (CBS4) An insurance industry survey finds that fewer middle aged Americans are buying life insurance. The numbers show that between 2008 and 2013, there was a 35-percent decline in the number of middle aged Americans carrying life ...

Finra to Consider Requiring Brokerages to Carry Arbitration Insurance
Some state securities regulators said Friday they support the idea of requiring brokerage firms to have arbitration insurance. "It would be helpful … [at] an appropriate amount," said Arkansas securities commissioner Heath Abshure. He also is ...

Maryland's health insurance Web site stumbles badly in first days
When its online insurance exchange passed a critical test in the summer — one of the first in the country to do so — a top official gave an emotional speech thanking workers. If any state was going to be ready for Oct. 1, when millions of uninsured ...

Some trends to watch for in company-provided health insurance plans
A lot of attention has been given to the health insurance exchanges opening this month. But if you're like most Americans, you'll still get your insurance through an employer. And that means the annual open enrollment period, when you choose your ...

Homeowners can challenge flood insurance rates
TALLAHASSEE -- Homeowners hit with substantial increases in their flood insurance as a result of recent changes in the federal program should do their homework, experts say, because there may be ways to lower their bills. “A lot of people don't know ...

5 things to think about when picking your health insurance plan
(CNN) -- Frankie Huff is working on her doctoral degree in Florida and can tackle most complicated education theories with ease. That's not the case when it comes to picking a health insurance plan through her school. "It is daunting -- at times, more ...

FINRA mulls insurance for brokerage firms: WSJ
CHICAGO (Reuters) - The U.S. Financial Industry Regulatory Authority may require brokerage firms to carry insurance to cover the payment of arbitration awards to investors, the Wall Street Journal reported on Saturday. FINRA, Wall Street's industry ...

Pent-Up Demand for Health Insurance
There were plenty of computer glitches when millions of Americans went online to check out their options for affordable insurance policies on the new health care exchanges that opened for business this week. It was frustrating, but it was also an ...

Day 3: Wash. health insurance finder doing better
Brad Finnegan demonstrates the Washington Healthplanfinder website, where consumers will be able to shop for health insurance, following a news conference Monday, Sept. 30, 2013, in Seattle. (AP Photo/Elaine Thompson). SEATTLE (AP) — Washington ...

Urging Patience, Obama Says Problems With Health Care Sites Reflect Demand
WASHINGTON — President Obama urged Americans who have flocked to the new government-run Web marketplaces for health insurance policies not to give up because of the technical problems attributed to greater-than-anticipated demand. Fixes are ...

Health insurance shoppers suffer sticker shock
Shelly Ross of San Francisco was looking forward to the opening of the new health insurance marketplaces under the Affordable Care Act because she was hoping to get a better deal. But now that she's seen her options, Ross is disappointed. Turns out she ...

Navigators help consumers weigh insurance options at Tampa event
TAMPA — Wesley Maiyo walked out of a conference room at St. Joseph's Hospital Saturday with a big smile on his face. The 61-year-old recent retiree had received some good news. He would soon have health insurance again. "I'm paying out of pocket right ...

Consumer Reports: Avoid expensive health insurance mistakes
Last week, America's health care system experienced its biggest change since Medicare's arrival almost 50 years ago as the major provisions of the Affordable Care Act start kicking in. And although millions of people who have been without health ...

Finding your way through the Health Insurance Marketplace
Americans have a new way to shop for health insurance with the Oct. 1 roll out of the Affordable Care Act's Health Insurance Marketplace. Each state's Marketplace, sometimes called an “exchange,” can be found at HealthCare.gov. It essentially serves as ...

Hiccups, sign-ups: State's health insurance exchange woes seen as temporary ...
Hiccups, sign-ups: State's health insurance exchange woes seen as temporary ...