Insurance

New Rates for Aetna Plans in Certain States

New quarterly rates are available for Aetna Advantage Plans for Individuals, Families and the Self-Employed.

Get more details at my blog: Your Insurance Advisor

Annuities, what are they?

Annuities can be extremely flexible financial instruments, but many consumers do not know, or understand, what an annuity is and how it fits into an investment portfolio. So, what is an annuity?

Read more about annuities at my blog: Your Insurance Advisor.

HHS Denies Texas’ MLR Waiver Request

The U.S. Department of Health and Human Services (HHS) has denied a request by the Texas Department of Insurance (DOI) to adjust the medical loss ratio (MLR) standard in the individual market in relation to the Affordable Care Act.

The Texas Insurance Commissioner had requested the waiver to give insurers in the state time to meet the ratio requirement of spending 80 percent of premiums in the individual market on direct medical costs and health care quality improvement, and only 20 percent on insurer administrative costs. The Texas DOI requested a tiered implementation of 71 percent, 74 percent, and 77 percent for reporting years 2011, 2012 and 2013, respectively.

Read more at my blog: Your Insurance Advisor

Allianz Charity Contributions for 2011

Allianz BannersAllianz Life is one of my favorite insurance carriers. I got a press release from them detailing their charity contributions last year. Read more on my blog: Your Insurance Advisor.

Affordable Care Act Update

As part of the Affordable Care Act, states had until Jan. 1, 2012, to strictly or similarly meet National Association of Insurance Commissions (NAIC) standards. Otherwise, health insurance issuers offering non-grandfathered plans and policies in the state would be required to choose a federally administered process or contract with an accredited independent review organization.

Read more at my blog: Your Insurance Advisor