The California Department of Insurance is delaying for six months the implementation of a new licensing requirement for fire and casualty licensees that want to sell health insurance. AB 2782 would have required existing fire-and-casualty licensees to obtain a separate license by Jan. 1, 2011, to continue selling health insurance. The Producer Licensing Bureau will be sending this notice to all licensed fire and casualty broker-agents soon.
The six-month extension means that fire and casualty broker-agents licensed prior to Dec. 31, 2010 will now have until June 30, 2011 ,to obtain the accident and health agent license to continue to transact accident and health insurance, the Insurance Brokers and Agents of the West (IBA West) explained.
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According to the article “Humana Wins Medicare Approval for 2011 Plans” found on BusinessFirst.com, Humana INC has received federal approval for its 2011 Medicare Advantage as well as its Prescription Drug Plan offerings. This is based upon information from the US Securities and Exchange Commission.
Specific details about their plans have not been released yet, but some information is known including the following:
- Prescription drug plans will be offered throughout the US and Puerto Rico
- Plans will include a nationwide PDP co-branded with Wal-Mart Stores Inc
- HMO Plans will be offered in 26 states and Puerto Rico
- Local PPO Plans will be offered in 39 states and Puerto Rico
- Non-network PFFS plans will be available in 18 counties in 2 states
The filing advised that enrollment started in mid-November. Mor Full Post…
November 15th, 2010
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If you are in the market for a car insurance policy, then the best place to start shopping would be online. There are plenty of car insurance providers that have websites where you can get quotes or estimates of car insurance rates, depending on: the type of coverage you want; the type of car that you have; and several other factors such as your age and driving history. To get car insurance rates online, here are the steps that you need to follow.
1. The first step would be to look for reputable car insurance companies online. Using any search engine, type in some keywords based on the coverage you want. Look for companies that have websites that are user-friendly and comprehensive. Full Post…
Considering the variety of types of health care insurance options plus constraints out there, it might be tricky finding the best health insurance for you personally. However, this process isn’t necessarily impossible to do effectively with a little homework. There are several items to think about when picking out medical care insurance programs, and by looking at them all you can make a good choice for you and your loved ones regarding medical insurance.
above all, what you neeed to look for is insurance coverage. Most of the time, insurance plans will look after doctor sessions plus fees. Your health insurance policy also needs to deal with hospital expenditures like room and board should you be kept overnight or perhaps longer for observation or treatment. Full Post…
United States Senate Majority Leader, Harry Reid, said last week that he was willing to tweak health care reform which was enacted earlier this year by the Obama administration. This is according to the article “Sen. Reid Says Willing to Tweak Healthcare Law” by Debbie Charles and Karey Wutkowski.
Reid also says he is focusing on extending middle-class tax cuts which were put in place under President Bush. Currently, Republicans are unified against the overhaul of healthcare, and House Republicans are calling for its repeal. They have very different views on how to make health insurance in America work and the battle continues in Congress.
Reid is focused on small businesses and middle class America. He pl
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Colorado insurance regulators fielded more than 25,500 inquiries from consumers in the past year, resulting in a total of nearly 5,000 formal grievances. During this period, the investigation of these grievances amounted to more than $12 million being recovered for policyholders, with approximately $2.8 million of that sum being recovered from auto insurers.
The complaint-handling activity of the Colorado Division of Insurance (DOI) was documented in the recently released Complaints Against Insurers report, which is compiled annually.
Common issues that resulted in consumer complaints and protests filed with the department include disputes over coverage and challenges to surcharges, cancellation of policies and reduction of coverage.
Of the auto-related issues, most were related to underwriting.
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More companies are switching from traditional health plans to health savings accounts. The National Business Group on Health projects that 61 percent of large employers will offer health savings account plans in 2011. As one of the leading providers of health savings accounts, Wells Fargo & Company has made product enhancements for both customers and employers.
Customer can now make free withdrawals at more than 12,000 Wells Fargo and Wachovia ATMs nationwide. They can make deposits, withdrawals, and transfers at all Wells Fargo banking stores. In addition, Wells Fargo has increased its mutual fund choices and provides more long-term options.
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