Have you heard about the health insurance exchange process? When it comes to health insurance California is in the lead among other States on the development of this exchange. In fact, in terms of health insurance California is the first to be ahead of the issue when it was still under the former Governor Arnold Schwarzenegger. It was the Governor who signed a law that made the California Health Benefit Exchange, which took place in September 2010. Since then, the State has received a federal grant of $39 and this grant is going towards operation and business planning, analysis and research as well as the implementation of a new information technology system. This will make the entire process of health care a lot easier to comprehend. Read more »

The federal review process on the minimum medical loss ratio (MLR) of insurance companies has begun. Approximately hundreds of thousands of Florida health insurance plan holders are bound to get their share from the projected $100 million in health insurance rebates coming this August 2012.

Under the new rule created by the Patient Protection and Affordable Care Act in 2010 called the minimum medical loss ratio, insurance companies are only allowed to spend 20 percent of their total premium revenue on administrative costs for individual and small group policies. The remaining 80 percent must be spent on health care. For large group policies, insurers are required to spend 85 percent on medical care and 15 percent on administrative expenses such as advertising and profit. Read more »

Just recently, the Obama administration sent out the 2013 payment and policy guidelines for health insurers in the United States that want to participate in the Medicare Advantage program. According to the administration, the proposed changes to the guidelines would result in lower premiums and stable or improved benefits.

Since the guidelines did not include an official preliminary estimate for the net average percentage change in reimbursements, it left a lot of insurers and financial markets clueless about the potential impact of the 2013 Medicare Advantage guidelines on the industry.

Low Premiums And Stable Benefits Will Likely Continue

Private health care plans in Medicare popularly called Medicare Advantage Plans and prescription drug plans (Medicare Part D) have reasonably low premium charges and stable benefits. Read more »

Whether we like it or not, the Affordable Care Act by the Obama administration is here to stay. It was created in an attempt to provide health care to millions of people without health insurance plans. It is designed to protect and help them with their medical bills when they get sick. However, with the ever increasing premiums of Texas health insurance plans, will consumers still be able to get healthcare coverage?

Texas Health Insurance Premium Hikes Must Be Reviewed

Texas lawmakers and business owners believe in low regulation and free markets. However, they don’t have the power to reject excessive proposed rate hikes by insurance companies. They only have the power to review proposed TX health insurance rate increases greater than 10 percent. Read more »

Looking for cheap insurance? Auto insurance, life insurance, health insurance. The insurance industry is big business these days as there are a lot of things that can go wrong in life. So there are a lot of different coverage plans that people can get to provide their insurance needs. And everyone needs some kind of insurance these days, whether it’s for your car, your life or your health. So let’s take a look at the business of insurance as it stands these days and how to save money getting coverage.
 
Everyone needs car insurance as it is required by state law in every state of the union. No getting around auto coverage as every state wants to protect it’s citizens from being injured by reckless drivers. Read more »