According to Valerie Bauman at Newsday.com, New York’s Governor David Paterson wants to ensure health insurance is more affordable by requiring health insurance companies to get state approval if they are going to raise premiums. This bill is one of four that Paterson has proposed to help people who can’t afford private health insurance, but [...]
Archive for the ‘new york health insurance’ Category
New York City Health Insurance Is More Expensive
In the New York Post, Brendan Scott reported on shocking findings that New York City health insurance premiums have seen a significant increase over the past year, while many New Yorkers are already struggling economically. Here are some sobering statistics: From April 2008 to April 2009, the average monthly health insurance premium for a family [...]
Cobra Subsidy Law – Impact on New York Health Insurance Agents
The New COBRA Subsidy Bill that subsidizes COBRA payments for workers who have recently lost their jobs, is causing some difficulties for New York health insurance agents. The subsidy pays for 65% of an eligible workers COBRA health insurance premiums for up to 9mo. However, COBRA health coverage, and subsidy, do not apply to employer [...]
Increased New York Health Insurance Taxes
The New York State legislature has approved an increase in health insurance taxes to reduce the budget deficit, according to Alphonso O’Neil-White in the Buffalo News. Approximately $350 million worth of “patient services surcharges” and “covered lives assessments” (among other names for the fees) will be added to the already expensive cost of New York [...]
UnitedHealth Settlement Will End Patients’ Overpayment of Out-Of-Network Doctors
Julie Appleby of USA Today reports that New York Attorney General Andrew Cuomo has reached an agreement with UnitedHealth Group that will protect policyholders against paying more than they should to see out-of-network doctors. While this immediately affects New York health insurance, the settlement could have far-reaching impact across the country. UnitedHealth insurance used a subsidiary’s [...]
New York Gov. Proposes Expanded Health Insurance for Dependents
Keith L. Martin of the Insurance and Financial Advisor just reported on a new proposal by Governor David Paterson regarding New York health insurance. He wants to expand health care coverage by mandating that health insurance companies cover policy dependents up to age 29, at the policyholder’s own expense. Currently, parents’ health insurance plans in [...]
Aetna Improves NYC Community Plan for Small Business Health Insurance
TradingMarkets.com reports that Aetna health insurance has made improvements to NYC Community Plan, its slate of health care offerings for small business owners and their employees. The plan, launched one year ago, is intended to make New York health insurance more accessible for groups that are traditionally underserved. It’s currently available in the New York City [...]
