Source: Bloomberg
A growing number of people in Obamacare are finding out their health insurance plans will disappear from the program next year, forcing them to find new coverage even as options shrink and prices rise.
At least 1.4 million people in 32 states will lose the Obamacare plan they have now, according to state officials contacted by Bloomberg.… Read the rest
Shoreline Health Insurance wishes you a safe and happy Fourth of July holiday. As we celebrate this Independence Day, let’s take time to remember those who are serving our country at home and abroad and especially those who have made the ultimate sacrifice to preserve our independence.… Read the rest
Spurred by faculty and staff outrage over the refusal by two Catholic universities to pay for elective abortions, Gov. Jerry Brown’s administration on Friday announced that health insurance companies in the state can no longer deny coverage for these procedures.… Read the rest
The Press-Enterprise published an interesting article on the shrinking provider network offered by Covered California. It states that many physicians are listed in their network but in fact are not participating in it. Low reimbursement rates are cited as one of the leading reasons for non-participation.… Read the rest
On Thursday, November 21, 2013, the Board of Covered California decided to stay the course on implementing the Affordable Care Act (ACA) and not extend non-ACA compliant plans after 2013.
Extending non-ACA compliant plans posed significant and well publicized risks to healthcare reform overall – including negatively impacting the risk pool, increased possibility for higher premiums in 2015 and significant consumer confusion in an already stressed market.… Read the rest
I just received the product/plan update from Blue Shield announcing their 2014 Individual and Family Plans. An interesting change to the rating structure is that instead of using “age-banded” rates where rates are based on an age group such as 40-49, they are now based on your actual age.… Read the rest
Notices about the health insurance exchanges have to be given to current workers no later than Oct. 1, 2013. Starting Oct. 1, the notices have to be given to new workers on the day they are hired.
The notices must:
1.… Read the rest
Today, the Obama administration announced that the employer mandate aspect of the Patient Protection and Affordable Care Act (PPACA) will be delayed by one year.
This mandate requires businesses with 50 or more workers to provide health insurance coverage to employees.… Read the rest
The Affordable Care Act (ACA, health care reform law) affects health care benefits and costs for businesses and employees. Among the ACA provisions are federally required fees and taxes, including: Comparative effectiveness research fee, ACA reinsurance fee and ACA insurer fee. … Read the rest
I received the following update this morning regarding the Covered California Health Care Exchange. The rates have not been released yet but at least it appears that we’re going in some direction. I’ll keep you posted!
Laura
——————————————————————————————————————-
Covered California™ announced 13 diverse health insurance plans that will offer in 2014 affordable, quality health care coverage to millions of Californians.… Read the rest