Oxford pulling HMO and POS from NY Market

Beginning with January renewals, Oxford will no longer make the Oxford HMO and POS plans available.  the PPO and EPO plans will continue to be available.  This impacts a lot of groups, as the LIberty HMO was the “affordable” alternative for a company that wanted to keep Oxford. The company also has indicated it is leaving the individual off-exchange market …

Could one State have no insurers next year?

The promise of Obamacare smells the worst in the state of Alaska, where three insurers have pulled out this year and will not offer coverage for January 1.    And Governor Walkers office states the remaining insurer “Premera Blue Cross Blue Shield, would have to pull out or pass costs on to customers if the state does not offer relief.” …

Buckle UP! Higher Premiums, less choices…

We are in the month of May, and that means insurance carriers have filed their premiums for individual coverage for 2017, and are awaiting approval from the various states.  As information begins to leak out, what we are seeing is, well, scary.  In an article on May 16 in Money Magazine, The Motley Fool reports that everything so far has …

Another Crisis for Health Republic Insurance of New York

After months of uncertainty surrounding Health Republic Insurance of New York’s liquidation, new court documents released April 22 provide clarity on what creditors can expect to receive. The state Department of Financial Services, now led by Acting Superintendent Maria Vullo, began the liquidation proceeding last week by filing a verified petition and order to show cause in New York State Supreme Court. Vullo declared …

NY to allow anytime enrollment for Domestic Violence Victims

ALBANY, N.Y. (AP) — New York is requiring insurers providing individual coverage through the state health exchange to allow victims of domestic violence or abandonment to enroll at any time. The Department of Financial Services says those enrollments should be available starting Friday for coverage outside the state-operated exchange. Standard enrollments through the exchange, established under the Affordable Care Act, …