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Insurance News 11/2013



For The Young And Healthy, Health Insurance Is A Hard Sell
Getting young, healthy people to sign up for health insurance is seen as critical to the success of the Affordable Care Act. It's precisely those people who will help offset the cost of the older, sicker ones. But while cheap health insurance and ...

US Uninsured More Aware of Health Insurance Requirement
PRINCETON, NJ -- Uninsured Americans are increasingly conscious of the "Obamacare" requirement that most Americans need to carry insurance or pay a fine. Eighty percent of uninsured Americans now say they are aware the healthcare law requires this, ...

Few Obamacare insurance sign-ups on opening day, documents show
The White House has declined to say how many people have signed up in the new health insurance marketplace, and Kathleen Sebelius, the Department of Health and Human Services secretary, testified this week that her department has not been able to ...

White House defends Obamacare rule that forces new insurance
Washington (CNN) - White House Press Secretary Jay Carney on Friday continued to defend the rule in the national health care law that may end up forcing millions of Americans from their health insurance. Carney's defense of the law comes amid ...

Senate Democrats supported rule that led to insurance cancellations
Washington (CNN) - Senate Democrats voted unanimously three years ago to support the Obamacare rule that is largely responsible for some of the health insurance cancellation letters that are going out. In September 2010, Senate Republicans brought a ...

The GOP's Insurance Hypocrisy
But now, in a clear irony, many of those same members are standing up to expand the subsidies offered by the one outright socialist insurance program the federal government maintains: The National Flood Insurance Program. While I'm no fan of Obamacare, ...

KIYC: Insurance lessons learned
EDISON - In the year since Superstorm Sandy, many homeowners across New Jersey have gotten a painful lesson in insurance, and what it does and does not cover. So with this week's Sandy anniversary, Kane In Your Corner sat down with the Insurance ...

$117.5 million Farmers Insurance settlement in works for Texas homeowners
AUSTIN — Hundreds of thousands of Texas homeowners may be poised to share a $117.5 million settlement between the state and Farmers Insurance, more than a decade after the company first clashed with regulators in court over its rates. Under the ...

Why an Alabama couple chooses no insurance over Obamacare, so far
James Seal takes his foot off the log and steps back, both to admire the whooping crane taking shape beneath his chain saw and to shift the Husqvarna so that maybe he can finish the sculpture before dark. He wears protective glasses and headphones, but ...

Insurance canceled: A message to President Obama
Jay Patel, an independent wealth advisor at Raymond James Financial Services in Wheaton, Illinois, is one of potentially millions who received a cancellation notice for his health insurance and tried to sign up in those first few days. Here is his ...

Sticker Shock Often Follows Insurance Cancellation
Dean Griffin liked the health insurance he purchased for himself and his wife three years ago and thought he'd be able to keep the plan even after the federal Affordable Care Act took effect. But the 64-year-old recently received a letter notifying him ...

Insurance Policies Not Worth Keeping
Congressional Republicans have stoked consumer fears and confusion with charges that the health care reform law is causing insurers to cancel existing policies and will force many people to pay substantially higher premiums next year for coverage they ...

ObamaCare Will Raise Average Health Insurance Premiums by 32% for 21 ...
ObamaCare Will Raise Average Health Insurance Premiums by 32% for 21 ...

Adding To Insurance Confusion, Outside Groups Try To Cash In
Thirty or so attendees at St. Mary Primitive Baptist Church in Tallahassee, Fla., gathered on a recent evening to hear a presentation by the Obamacare Enrollment Team on their options to get insurance under the Affordable Care Act. "If anybody is ...

Insurance premiums soar under health law for those on individual market
Reed is among the roughly 9 million Americans -- or about 3 percent of the nation's population -- who subscribe to individual insurance plans and who will be paying substantially more in health insurance costs next year as a direct result of the ...

Many homeowners will soon be unable to stay with state-backed insurer Citizens
Come January, tens of thousands of Floridians who have Citizens property insurance will no longer have the power to decide whether to stay with the state-backed insurer. The plan is years in the making, as the state has steadily pushed to steer ...

Fidelity & Guaranty Life Insurance moving HQ to Des Moines
Fidelity & Guaranty Life Insurance Company announced Friday that it intends to move its headquarters from Baltimore to downtown Des Moines and legally relocate to Iowa to take advantage of its lower cost of living, business-friendly regulatory climate ...

Health insurance costs rising
John Kasich's administration is leading a public- and private-sector partnership that will try to make health-care costs more affordable, both for the tax-funded Medicaid program and the private insurance market. Within five years, the goal is to have ...

Condo board is penny wise, pound foolish on earthquake insurance
Question: Our board directors found the lowest earthquake insurance premium is with a 20% deductible, costing our homeowner association about $20,000 annually; they voted against raising monthly dues to cover it. Our 20 units in a four-level, zero-lot ...

Small Businesses Race to Renew Insurance to Beat Obamacare Deadline
According to the National Federation of Independent Business, nearly half of the 7 million small businesses with 50 or fewer employees offer health insurance for their workers. On Friday, the group released a survey showing 64 percent of 921 owners ...

What to expect from company health insurance plans in 2014
Like most other Americans, a majority of Californians get their insurance through their employers. Although they may be among the least affected by the Affordable Care Act, a flood of news about the new law has left many workers befuddled about their ...

Why so many face shifts in medical insurance
Despite President Obama's oft-stated promise that you can keep your insurance if you like it, most people with individual policies will have to get a new one in 2014 because their existing one does not comply with the myriad requirements of the ...

Insurance premiums differ across Minn.-Wis. border
Stillwater, Minn.-based insurance agent Dennis Conger said that health exchange premiums in Wisconsin's Pierce, Polk and St. Croix counties are nearly twice the rate as premiums in the Twin Cities. The Pioneer Press reported (http://bit.ly/1b56jog ) it ...

Fox News' Chris Wallace Misleadingly Claims ACA "Demands" Insurance ...
Fox News' Chris Wallace Misleadingly Claims ACA "Demands" Insurance ...

Letter: There goes my insurance
In September I received a notice from my health insurance company, MVP Healthcare, that the health insurance plan I have had since 1982 will no longer be available because of the Obamacare requirements. So much for “If you like your plan, you can keep ...

Mitt Romney: Obama 'fundamentally dishonest' about health insurance (+video)
Mitt Romney hasn't had a lot to say since his defeat in the presidential election last year. It must be busy work organizing those expensive residences – the Salt Lake Tribune says a new home being built in Utah will make it five – he and his wife Ann ...

Obama administration knew millions could not keep their health insurance
Individual insurance plans with low premiums often lack basic benefits, such as prescription drug coverage, or carry high deductibles and out-of-pocket costs. The Affordable Care Act requires all companies to offer more benefits, such as mental health ...

In California, hundreds of thousands to pay more for health insurance
Hundreds of thousands of Californians who purchase their own health insurance are bracing to pay more for their plans, as the cost of the federal health care overhaul lands harder on middle-class customers. Notices began arriving in recent weeks ...

5 Car Insurance Questions for Older Drivers
All drivers experience changes in their lives that can affect their auto insurance premiums, such as buying a new car or adding another driver to their policy. But there are some life changes shared by older drivers that can trigger a review of their ...

147000 children across Pa. found to lack health insurance
HARRISBURG -- More than 147,000 children in Pennsylvania lack health insurance, according to a recent study, despite the commonwealth's goal of ensuring coverage for all kids. Between private insurance, Medicaid for kids from low-income families and ...

How to Maximize Your Insurance Payout By Doing Your Own Repairs
You probably aren't talking to your insurance company on a good day. However, if you have to get repairs done to your home or car, you can often get them to pay you for doing the repairs yourself (or choosing your own shop). A small disclaimer first ...

Freedom Doesn't Require Letting Insurance Companies Rip People Off
... unless corporations can rip you off!” Of course, they don't state it like that, but instead—while hypocritically accusing the President of lying—lie their heads off about what's going on with the ACA's requirements that insurance plans actually ...

A Mix Of New US Regulations Has Made Way For A Massive Shadow Insurance ...
A Mix Of New US Regulations Has Made Way For A Massive Shadow Insurance ...

Woman With Cancer Loses 'World-Class' Insurance Plan Because of Obamacare
“I had great cancer doctors and health insurance,” Edie Littlefield Sundby wrote in a Sunday Wall Street Journal op-ed. “My plan was canceled. Now I worry how long I'll live.” “For almost seven years I have fought and survived Stage 4 gallbladder ...

The Real Story Behind the Phony Canceled Health Insurance Scandal
In 2009, when President Barack Obama first promised that people who liked their insurance coverage would be able to keep it under the Affordable Care Act, he overlooked one critical fact: Many of the health policies that Americans like are terrible ...

Girl to Get Heart Surgery After Insurance Denial
A California couple is celebrating today after winning a battle over insurance coverage for their toddler's heart surgery. Briggette and Johan Schilling's 14-month-old daughter, Aria, was born with a hole in her heart and a deformed valve. The girl was ...

Frustration, uncertainty keep people off health insurance sites
About 17 percent of people who don't have health insurance actually tried to buy some on the new marketplaces in October, a new survey published Monday indicates. And just 20 percent of those who did try managed to buy a policy, the Commonwealth ...

Dallas officer facing termination after bevy of insurance claims
A veteran Dallas police officer is facing termination after an internal affairs investigation concluded he filed a fraudulent insurance claim for hail damage to his BMW car in June 2012. Cortenay Howard, who was hired in 2002, is awaiting a ...

US Takes Aim at 'Forced' Insurance
WASHINGTON—A U.S. housing regulator will bar mortgage companies from accepting lucrative payments to arrange a controversial form of homeowners' insurance, according to government officials. The Federal Housing Finance Agency is pushing ahead ...

Miami-based insurance agency aims to enroll low-income Hispanics
When the Affordable Care Act became law in 2010, Miami insurance agents Mercy Cabrera and Odalys Arevalo said they saw many of their colleagues turn to selling real estate rather than tackle the complicated new market. But Cabrera and Arevalo saw ...

American Family invests in AssureStart, Internet-based insurance sales company
American Family Insurance Group has invested in a Seattle start-up firm that sells small-business insurance over the Internet, a move that further diversifies the Madison-based insurer's product offerings. The new firm, AssureStart, will begin selling ...

80000 Louisianians' health insurance policies will be canceled under ...
80000 Louisianians' health insurance policies will be canceled under ...

Insurance Firms Forced To Cancel Many Individual Policies
More than 12 million Americans buy health insurance on their own, and many are getting cancellation notices because their individual coverage does not meet the standards of the Affordable Care Act. This is causing anxiety and anger — especially since ...

Insurance cancelled? Don't blame Obama or the ACA, blame America's ...
Insurance cancelled? Don't blame Obama or the ACA, blame America's ...

In Kentucky, a Glimpse of Health Insurance Help
But last month, after seeking the help of a “kynector” – one of Kentucky's counselors certified to help people sign up for insurance under the federal health care law – Ms. Albrecht found she qualified for Medicaid. Her coverage will take effect at the ...

Kentucky Is Ahead in Health Insurance Enrollment
People lined up at the Oldham County Public Library in LaGrange, Ky., in October during an open enrollment for health coverage under the Affordable Care Act. Proponents of the health care law have held up Kentucky as a model. The state is far ahead of ...

Insurance often ignored in financial planning
That may be common knowledge, but discomfort with the subjects and the complexity of insurance products prevent many people from obtaining necessary coverage in advance of a life-changing event, according to experts. (Read more: Tips for year-end ...

Insurance Cancellations: The Price Of Mending A Broken System?
Lisa Dieckman, a retired psychologist in Los Angeles, likes the Affordable Care Act's promise that everybody can get health insurance. But she's not happy about being told she can't keep her own coverage, and will have to pay considerably more for a ...

For Many Workers, It's Time To Consider Insurance Options
It's open enrollment time again, the autumn period when many people with job-based health insurance ante up for another year. Although news reports have fixated on the problems with the online health marketplaces that launched Oct. 1, for the vast ...

Insurance broker sentenced in Tom Hanks scam
LOS ANGELES (AP) — A Southern California insurance broker who overcharged Tom Hanks and his wife, Rita Wilson, hundreds of thousands of dollars has been sentenced to more than two years in federal prison. City News Service says Jerry Goldman ...