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Cigna commercial health plans may go out-of-network at large local hospital group

February 15, 2025

Feb. 12— Consumers with some employer-sponsored Cigna health insurance plans may find themselves out-of-network with Mercy Health facilities on April 1 if the two health care organizations are not able to reach a deal on contract negotiations by then. Mercy Health, which has locations in Springfield, Urbana and southern Butler County, is one of the largest…

The Medicaid Asset Protection Trust (MAPT)

February 15, 2025

For those who don't qualify for long-term care insurance or can't afford it, the Medicaid Asset Protection Trust can protect your assets from the high cost of long-term care in your home or in a facility. The MAPT sets up two roadblocks that Medicaid cannot break through. First, you cannot be your own trustee.

Out-of-state fires, loss of local fire resources threaten Wyoming homeowners insurance

February 15, 2025

CHEYENNE— Out-of-state wildfires and a potential loss of firefighting resources could impact homeowners insurance rates in Wyoming. Before the devastating January fires in Los Angeles, homeowners in California were subjected to higher rates and, in some cases, a complete loss of coverage. Increasingly, homeowners in states with high fire risks, like Wyoming,…

Lawmaker seeks coverage for menopause

February 15, 2025

Shelly Boshart Davis, R-Albany, told a legislative committee of nine men and women Tuesday that she'd rather be driving a tractor on her family's farm than talking to them about her struggles to get hormone replacement therapy as her body approaches menopause. In 2024, Louisiana passed a bill. California's legislature also approved a bill last year, but Gov.

Long-term care planning can help people retain independence

February 15, 2025

Long-term care is an important component of financial and personal wellness planning. Planning for long-term-care can help aging individuals maintain their independence and quality of life into their golden years. According to the National Institute on Aging, long-term care involves a variety of services that accommodate a person's health or personal…

Health insurance for millions could vanish as states put Medicaid expansion on chopping block

February 15, 2025

Republican lawmakers in several states have Medicaid expansion in their crosshairs, energized by President Donald Trump's return to the White House and a GOP- controlled Congress set on reducing spending on the public health insurance program for low-income people. Legislators in Idaho have introduced a bill that would repeal voter-approved expansion,…

Big homeowner rate hike from State Farm shot down by California regulator

February 15, 2025

Lara, who has been urging insurance companies to write policies in the state again despite increasing wildfire risks, says in a letter to State Farm executives that he needs more information before he can approve an increase. "The burden is on State Farm to demonstrate that interim relief is warranted under the circumstances," the commissioner says in his letter. "

Former Ohio insurance agent sentenced for thefts exceeding $1.4 million

February 15, 2025

COLUMBUS— Ohio Department of Insurance Director Judith L. French announced that former Ohio- licensed insurance agent Rhonda Chandler, of the Columbus area, was sentenced on Feb. 7 in Franklin County Common Pleas Court to five years of probation and three years in prison if the probation agreement is violated. An Ohio Department of Insurance investigation…

Property insurance bill would repeal 2022 reforms that stabilized the market, insurers say

February 15, 2025

A political titan has filed a provocative bill he says will reduce insurance costs in Florida— and the insurance industry doesn "t like his proposals. Don Gaetz, R- Crestview, a longtime heavyweight in Florida politics and father of former U.S. Rep. “Floridians pay far more for property insurance than anyone anywhere else in the nation,” the two lawmakers were quoted…

Targeted by Trump, Medicaid funding stirs debate as CT changes rules for hospitals

February 15, 2025

Medicaid, the government program that covers health care for nearly a million Connecticut residents, has become a focus of controversy both in Hartford and Washington, D.C., this winter as costs continue to grow. Care for Medicaid patients cost $9.8 billion in Connecticut in 2024, according to health data site KFF, with the federal government paying for about…

Nassau County corrections officer facing grand larceny charges

February 15, 2025

Anne Donnelly, District attorney, Nassau County. The Nassau County District Attorney's office announced on Feb. 10 that a Nassau County corrections officer has been charged with grand larceny for allegedly stealing more than $100,000 in New York State Empire Plan health insurance reimbursement benefits intended for his estranged wife's medical bills.

Spike in inflation sinks hopes for further federal rate cuts

February 15, 2025

That has dashed any hope that the U.S. central bank would loosen monetary policy further in the months ahead. The most recent University of Michigan survey of consumers indicated that inflation expectations for the next year increased to 4.3 percent in February. While a stunned Wall Street pointed to seasonal factors as the culprit, we all know that is a load of…

Batch of homeowner insurance settlements 'lost in transit,' affecting Tampa hurricane victim

February 15, 2025

TAMPA, Fla.— A company that processes insurance settlement checks for insurance companies confirms some homeowners' checks were "lost in transit." One of those "lost" checks belongs to Rocky Shirey, whose south Tampa house was flooded by Hurricane Helene. Shirey's insurance company approved a settlement for $192,070, paid in installments, but when the first check…

Flood program borrows $2B after storm claims

February 15, 2025

FEMA, which manages the flood-insurance program, said the two hurricanes as of Feb. 6 had led to more than 78,000 claims, with estimated losses possibly topping $10 billion. FEMA is able to borrow money from the U.S. Treasury to pay claims. "This borrowing action follows payouts in 2024 from several large-scale and back-to-back flooding events," FEMA said in a news…

Legislature Eyes State Flood Insurance Option

February 15, 2025

The measure, Senate Bill 11, would set up an Alaska Flood Authority and an Alaska flood insurance fund to supplant the Federal Emergency Management Agency’ s National Flood Insurance Program. The FEMA program, which takes in premiums and makes payouts nationally, imposes restrictions on Alaskans that are too onerous and post-disaster compensation that is…

Homeowners can still apply for funding for Ian

February 14, 2025

The county was awarded $328.9 million in Community Development Block Grant Disaster Recovery funds in 2023 from the U.S. Department of Housing and Urban Development, its share of $910.6 million awarded to Florida to mitigate the damage for residents in the most impacted areas. Florida has already surpassed the $5 billion in federal grants, flood insurance…

Homeowners can still apply for funding for Ian relief

February 14, 2025

The county was awarded $328.9 million in Community Development Block Grant Disaster Recovery funds in 2023 from the U.S. Department of Housing and Urban Development, its share of $910.6 million awarded to Florida to mitigate the damage for residents in the most impacted areas. Florida has already surpassed the $5 billion in federal grants, flood insurance…

Homeowners can still apply for funding for lan relief

February 14, 2025

The county was awarded $328.9 million in Community Development Block Grant Disaster Recovery funds in 2023 from the U.S. Department of Housing and Urban Development, its share of $910.6 million awarded to Florida to mitigate the damage for residents in the most impacted areas. Florida has already surpassed the $5 billion in federal grants, flood insurance…

Findings from Brown University in Health and Medicine Reported (Oregon’s Hospital Payment Cap and Enrollee Out-of-pocket Spending and Service Use): Health and Medicine

February 14, 2025

2025 FEB 14– By a News Reporter-Staff News Editor at Insurance Daily News– Researchers detail new data in Health and Medicine. Financial support for this research came from Arnold Ventures. The news reporters obtained a quote from the research from Brown University,“ Yet the program’ s association with out-of-pocket spending and use among enrollees is unknown.

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