The long and hard fight over a new state budget is proving its worth by extending a lifeline to 200,000 Virginians who either have lost their health insurance coverage or are struggling to keep it. The budget that took effect last week includes $150 million to help Virginians afford monthly premiums for health insurance they will buy on the state-run marketplace next year to partly offset the loss of federal enhanced subsidies at the beginning of this year.
The State Corporation Commission estimates 100,000 Virginians lost health insurance coverage this year after Congress failed to extend the enhanced federal premium tax credits. The state budget will help those Virginians recover their insurance, as well as others who are walking a fine line with their household expenses.
But it won't happen until Jan. 1, when the next round of health insurance plans on the marketplace will take effect.
STATEWIDE: Fifteen people were killed in fourteen different crashes in Virginia over the Independence Day holiday weekend, according to state police. The crashes occurred between July 2 and July 5.
Crashes occurred in the counties of Alleghany, Appomattox, Brunswick, Fauquier, Frederick, Nottaway, Pulaski, Roanoke, Shenandoah, Smyth, Spotsylvania, Suffolk and the city of Danville.
Over the holiday weekend, through Operation C.A.R.E., troopers cited more than 3,153 drivers for speeding. Another 1,540 were cited for reckless driving. Around 70 drivers were arrested for driving under the influence. Overall, state police worked 892 crashes.
State Health Plan brings back Blue Cross NC, approves Novant and UNC Health deals
Georgia can do more to protect health coverage for its youngest residents
Advisor News
- How advisors can prepare clients for an uncertain retirement landscape
- Investors aren’t waiting out uncertainty
- Transamerica and Advo(k)ate Advisors launch pooled employer plan
- ‘I wish I’d met him sooner:’ Karlan Tucker remembered for integrity, faith
- Why women must be more engaged in investing
More Advisor NewsAnnuity News
- AM Best Revises Outlooks to Negative for Subsidiaries of Group 1001 Insurance Holdings, LLC
- Market-value adjusted annuities: Key considerations for advisors
- Private equity’s next play in insurance
- Immediate Care Plan: A new solution for funding LTC
- Delaware Life Launches a New Bonus Fixed Index Annuity Built for Growth, Protection, and Flexibility
More Annuity NewsHealth/Employee Benefits News
- Studies from Harvard University T.H. Chan School of Public Health Describe New Findings in Managed Care [Preconception, prenatal and postnatal exposure to gaseous air pollutants (NO2, O3) and neurodevelopmental disorders in children among …]: Managed Care
- Studies from Harvard T.H. Chan School of Public Health Further Understanding of Managed Care (Structural Racism-related State Laws and Healthcare Access Among Black, Latine, and White Us Adults): Managed Care
- Data on Managed Care Reported by Researchers at University of California Berkeley (Welfare Program Participation Among Us Farmworkers Evidence From Three National Surveys): Managed Care
- ON MEDICAID'S 61ST ANNIVERSARY, A REMINDER PENNSYLVANIA REPUBLICANS CONTINUE TO PUSH DEVASTATING HEALTHCARE CUTS
- ON 61ST ANNIVERSARY OF MEDICAID, 10,000 FEWER ALASKANS HAVE COVERAGE AFTER PASSAGE OF DAN SULLIVAN'S AGENDA
More Health/Employee Benefits NewsLife Insurance News
- AM Best Revises Outlooks to Negative for Subsidiaries of Group 1001 Insurance Holdings, LLC
- Court sides with Ameritas in denying $4M STOLI payout to Wells Fargo
- AM Best Removes From Under Review With Positive Implications and Upgrades Credit Ratings of The Fortegra Group, Inc.’s Insurance Subsidiaries
- Yancey Jr., Delos Harley
- Vincent Esparza CFP, CLU joins Wilde Wealth Management Group as Senior Wealth Advisor
More Life Insurance News