Premiums are set to rise in New Jersey.
Good morning to everyone, except for the sports teams in Philadelphia. Today, we’re starting with a story that highlights just how quickly the economics of daily life can change. More than a dozen local school districts and colleges in South Jersey will see a dramatic increase in their healthcare costs next year. This situation will […]
Small businesses take on 31% increase in premiums instead of reducing health coverage
New Gusto Data Reveals Small Businesses Are Absorbing Rising Health Costs According to recent data from Gusto, most small business owners have chosen to absorb the rising costs of health insurance rather than drop coverage for their employees. In fact, only 2.1% plan to eliminate health coverage altogether. The median premium per employee reached $8,743 […]
Colorado health providers request an 11% rise in premiums for the ACA marketplace.
Colorado Health Insurance Premiums Set for Increases Health insurance providers in Colorado’s individual market are proposing an average rise of 11% in monthly premiums for the upcoming year. This year’s premiums had already increased by 22%, but the real burden fell on those who lost their subsidies. According to the Colorado Department of Insurance, the […]
Covered California premiums to rise almost 10% as many face challenges in affording insurance.
Premium Increases for Covered California Plans Health insurers have increased premiums on Covered California plans by nearly 10% for the second consecutive year, causing customer payments to rise amid a drop in enrollment of about 170,000 individuals. Officials announced that prices for plans offered through California’s health insurance marketplace, also known as the Affordable Care […]
Massachusetts officials approve significant increases in health insurance premiums
Fallon Health’s spokesperson, Melissa Randall, acknowledged the department’s decision and expressed a desire to continue discussions as the review process unfolds. Randall emphasized that as a not-for-profit community health plan, Fallon Health aims to keep premium increases low, boasting the smallest average premium rises for its Health Connector offering between 2024 and 2026. “Our mission […]
State Health Plan premiums may increase again, and some individuals might pay extra to maintain their doctors.
Potential Premium Increases for North Carolina’s State Health Plan Hundreds of thousands of residents insured by North Carolina’s state health plan might face another rise in health insurance premiums next year. A board meeting is scheduled for Friday where directors will discuss and vote on new premium rates, alterations to benefits like deductibles, and a […]
Abdul El-Sayed Proposes Medicare for All Without Premiums, Copays, or Deductibles
Abdul El-Sayed Advocates for Medicare for All in Michigan Senate Race Abdul El-Sayed, a Democratic candidate for the U.S. Senate in Michigan, is promoting Medicare for All as a solution aimed at providing universal health coverage without any premiums, copays, or out-of-pocket expenses. He cautions, however, that this approach could leave taxpayers covering the overall […]
Medigap premiums surge, restricting options for consumers.
Rising Medicare Supplement Premiums in Illinois John Jaggi, an insurance broker in central Illinois, has witnessed many changes throughout his lengthy career, but nothing quite like this. Recently, over 80 of his clients enrolled in a Medicare Supplement plan by Chubb faced a staggering 45% increase in their premiums last August. “In my 49 years […]
Medigap premiums rise significantly, leaving consumers with limited options.
Significant Medicare Supplement Insurance Premium Increases Raise Concerns John Jaggi, a broker from Illinois, has been in the insurance business for decades, but he recently encountered an unprecedented situation. Last August, over 80 of his clients enrolled in a specific Medicare Supplement plan from Chubb faced a staggering 45% premium increase. “In my 49 years […]
Millions put health coverage at risk by avoiding higher Obamacare premiums
(TNND) — A recent report indicates that roughly 14% of people enrolled in Affordable Care Act (ACA) plans failed to pay their premiums in January, raising concerns that millions could lose their health insurance soon. The Centers for Medicare & Medicaid Services has already reported a decline in enrollment in ACA plans for this year. […]