Health News
- Most Insured Through Kynect Will Pay More In 2016; Kentucky Health Cooperative Seeks 25 Percent Increase
By Molly Burchett Kentucky Health News The federal health law requires that insurers planning to significantly increase premiums for policies on a health-insurance exchange to submit their rates by June 1 for review. Many insurance carriers across the...
- New Survey Shows Dramatic Increase In Employer-sponsored Health Insurance Rates
The average cost of employer-sponsored health insurance has increased 9 percent for family coverage and 8 percent for individual coverage since last year, a new study by the Kaiser Family Foundation and the Health Research & Education Trust shows....
- Making The Grade: A Scorecard For State Health Insurance Exchanges
According to the Illinois Department of Insurance, health insurance premiums have risen on average 181 percent since 2005. This could be the week action is taken in Illinois to fix our health insurance marketplace for Illinois families and small businesses....
- Effective Exchange Key To Lower Health Insurance Costs For Illinois Families
It?s hard not to notice the out-of-control health insurance cost increases in recent years. Three out of every four individual-market policyholders saw a premium increase from early 2009 to early 2010. Small businesses are particularly hard hit....
- Rate Review Yes!
Illinois consumers want more control, stronger protections, and greater transparency in the insurance process. Rate review provides just that. It means that insurance companies will now have to prove the need to charge their customers more, and will not...
Health News
Feds give Ky. $3 million to hold health insurers accountable
Kentucky will receive more than $3.2 million in federal grants to help state officials track health-insurance premium increases and make insurers more accountable.
The funds are part of guidelines set forth in the Patient Protection and Affordable Care Act, the federal health reform law. It requires makes rate increases of 10 percent or more in the individual and small-group market subject to approval by experts who will determine if the increases are reasonable. The law also requires insurers to to justify to the public rates that are considered unreasonable.
The Kentucky Department of Insurance will use the federal funds to expand the scope of its rate reviews; improve transparency by establishing a tool on its website that will give consumers access to rate filings without an open records request; hire new staff, and improve its technology. (Read more)
- Most Insured Through Kynect Will Pay More In 2016; Kentucky Health Cooperative Seeks 25 Percent Increase
By Molly Burchett Kentucky Health News The federal health law requires that insurers planning to significantly increase premiums for policies on a health-insurance exchange to submit their rates by June 1 for review. Many insurance carriers across the...
- New Survey Shows Dramatic Increase In Employer-sponsored Health Insurance Rates
The average cost of employer-sponsored health insurance has increased 9 percent for family coverage and 8 percent for individual coverage since last year, a new study by the Kaiser Family Foundation and the Health Research & Education Trust shows....
- Making The Grade: A Scorecard For State Health Insurance Exchanges
According to the Illinois Department of Insurance, health insurance premiums have risen on average 181 percent since 2005. This could be the week action is taken in Illinois to fix our health insurance marketplace for Illinois families and small businesses....
- Effective Exchange Key To Lower Health Insurance Costs For Illinois Families
It?s hard not to notice the out-of-control health insurance cost increases in recent years. Three out of every four individual-market policyholders saw a premium increase from early 2009 to early 2010. Small businesses are particularly hard hit....
- Rate Review Yes!
Illinois consumers want more control, stronger protections, and greater transparency in the insurance process. Rate review provides just that. It means that insurance companies will now have to prove the need to charge their customers more, and will not...