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Wednesday April 16th 2014

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‘Industry Updates’ Archives

Give the Gift of Healthcare, Covered California Suggests

Give the Gift of Healthcare, Covered California Suggests

Gift-givers urged to buy Obamacare for young adults. Forget the Xbox One, Ugg boots or that “Keep calm and kill zombies” hoodie. California officials are urging you to consider gifting that special young adult in your life something a bit less tangible: Obamacare. Covered California launched its “Give the Gift of Health” campaign aimed at [...]

Kaiser Opens Health Insurance Storefront in Modesto

Kaiser Opens Health Insurance Storefront in Modesto

In a row of storefronts between Fuddruckers and Walmart on McHenry Avenue, a major insurer is selling a government-mandated product that’s created quite a buzz this fall. Kaiser Permanente chose the North Point Landing shopping center in north Modesto for one of its Shop KP stores, billed as a new way for consumers to shop for medical [...]

Covered CA Draws Plenty of Young Enrollees

Covered CA Draws Plenty of Young Enrollees

In a state considered crucial to the success of Obamacare, older people have enrolled in California's new health insurance marketplace in large numbers as expected, but younger people also have showed up in force. About 56% of Californians who signed up for coverage in October are over 45 and nearly 23% of the enrollees are between 18 and 34 [...]

What to Expect from Company Health Insurance Plans in 2014

What to Expect from Company Health Insurance Plans in 2014

Obamacare may be in the spotlight, but an estimated 16 million California employees are facing healthcare decisions of their own — at work. Higher premiums, higher deductibles and smaller doctor networks are ahead. But companies also will be emphasizing worker wellness.  Like most other Americans, a majority of Californians get their [...]

Benmosche Comments on AIG Earnings

Benmosche Comments on AIG Earnings

American International Group (AIG) officials said that its life and retirement business achieved its highest level of sales in the company's history. AIG Life and Health CEO Jay Wintrob said the unit “continues to experience strong sales momentum, and that all product lines “contributed to this favorable trend.” Wintrob said the majority [...]

California Has at Least 300K Health Policies Terminated

California Has at Least 300K Health Policies Terminated

President Barack Obama may have made a tactical error when he promised Americans that if they have health coverage they’re happy with, they don’t need to worry about losing it due to health reform. Instead, there are exceptions, some of which came to light recently when California individual policyholders were informed their plans are not [...]

Progress Reports From Online Insurance Marketplaces Across The Country

Progress Reports From Online Insurance Marketplaces Across The Country

In Texas, brokers, physicians and insurers express exasperation with the bug-ridden federal exchange website, while media reports from Maryland, Minnesota and Oregon document the challenges faced by those state-based exchanges. In California, community groups mobilize to educate people about their new insurance options. A recent report at Kaiser [...]

Annuity Rates Hit a Two-Year High

Annuity Rates Hit a Two-Year High

Average annuity rates have increased by a record 6 percent in the third quarter of 2013, the biggest movement in rates since 2009. Rates are up by 12 percent this year. Index reveals a gulf in rates, with the best enhanced rate 38 percent higher than the worst standard rate. The latest MGM Advantage Annuity Index has revealed annuity rates have [...]

CA Health Exchange Draws Heavy Interest

CA Health Exchange Draws Heavy Interest

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 change the way Americans buy health insurance. Dozens of workers at a call center in the Sacramento suburb of Rancho [...]

2.6 million Look to Employers for Help with Retirement Planning

Around 2.6 million people who have not yet retired are most likely to look towards their employers for help with asset allocation decisions around their retirement planning, research from Baring Asset Management has found. Representing an increase of 1.2 million people from the equivalent figure in 2008, Barings believes that employers are set to [...]

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