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Thursday April 24th 2014

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‘Industry Updates’ Archives

Feds Ease Income Verification for Exchanges

Feds Ease Income Verification for Exchanges

The federal government recently said states won’t have to verify the personal income of people receiving Obamacare, at least not in the beginning. The regulation change came earlier this month and applies to people expected to receive tax credits to help buy insurance through health reform’s newly created marketplaces. Originally, the feds [...]

Don Goldmann of Word & Brown Elected VP of NAHU

Don Goldmann of Word & Brown Elected VP of NAHU

Don Goldmann, vice president of Word & Brown University at the Word & Brown General Agency, has been elected vice president of the National Association of Health Underwriters (NAHU). For the past two years, Goldmann has served as secretary on NAHU’s board of trustees; he is also a past president of the California Association of Health [...]

New Pressure on Annuity Holders

New Pressure on Annuity Holders

A decade ago, Hartford Financial Services Group Inc. HIG +0.26% won applause from financial advisers as a trailblazer in developing new types of variable-annuity guarantees that provided lifetime income even if the owner's investments tanked. Now, the company is still trailblazing, but it is being booed. Hartford is one of many insurers [...]

Some Brokers Breathe Sigh of Relief with Mandate Delay

Some Brokers Breathe Sigh of Relief with Mandate Delay

The announcement that the Obama Administration will delay the mandate requiring employers with 50 or more workers to provide health insurance or pay a fine was greeted with a sense of relief and appreciation, allowing businesses to better plan for full implementation of the Affordable Care Act, according to brokers. On Tuesday, the Treasury [...]

Blue Shield, Anthem Owe Small Firms Rebates

Blue Shield, Anthem Owe Small Firms Rebates

Blue Shield of California owes $24.5 million in rebates to thousands of small-business customers, and rival Anthem Blue Cross will return $12 million to small firms under requirements of the federal healthcare law. The annual rebates were disclosed in reports to state regulators, and the final tally from some companies may change before they are [...]

Insurers Limit Doctors and Hospitals in State-Run Exchange Plans

Insurers Limit Doctors and Hospitals in State-Run Exchange Plans

California's health insurance rates for a new state-run marketplace came in lower than expected this week, but one downside for many consumers will be far fewer doctors and hospitals to choose from. People who want UCLA Medical Center and its doctors in their health plan network next year, for instance, may have only one choice in California's [...]

13 Insurers Involved in Covered California Including Anthem, BCBS and Kaiser

13 Insurers Involved in Covered California Including Anthem, BCBS and Kaiser

Covered California unveiled the 13 health insurers who have agreed to be part of the marketplace, including the state's largest health insurers such as Anthem Blue Cross, Blue Shield and Kaiser Permanente. At least 5.3 million Californians could be eligible for coverage under Covered California. Of those, at least 2.6 million may be eligible for [...]

UnitedHealth, Aetna and Cigna Opt Out of Exchange

UnitedHealth, Aetna and Cigna Opt Out of Exchange

Some prominent health insurers, including industry giant UnitedHealth Group Inc., are not participating in California's new state-run health insurance market, possibly limiting the number of choices for millions of consumers. UnitedHealth, the nation's largest private insurer, Aetna Inc.and Cigna Corp. are sitting out the first year of Covered [...]

HSAs Gain Strength As Crucial Retirement Planning Tool

HSAs Gain Strength As Crucial Retirement Planning Tool

Most retirees will spend an average $250,000 in out-of-pocket health costs during their retirement years, seriously cutting into their nest egg. The flexibility of HSAs and the tax advantages they offer may afford many workers the ability to contribute to their future health needs over their working careers and amass enough wealth to help chip [...]

California Health Insurance Exchange Announces Grants

California Health Insurance Exchange Announces Grants

Covered California, the state's health insurance exchange, announced $37 million in grants Tuesday to begin the massive task of educating millions of Californians about the new healthcare law. The grants will go to 48 organizations, including universities, nonprofit groups, health foundations and unions. They will help state officials explain the [...]

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