Texas Insurance Commissioner Ken Daugaard said it’s too soon to tell whether insurers will follow a state law mandating they cover some health care services for people who have preexisting conditions.Daugaard told reporters Tuesday the agency will be watching the new law closely.“We’ve had a lot of conversations with our insurers about what the new…
Tag: texas insurance news
How to buy a Texas insurance policy in a state that can’t provide coverage
In a state where health care costs are high and many residents lack coverage, many Americans can’t find coverage from an insurance company.It’s an issue that’s gotten national attention in recent weeks, after several insurers announced they would stop offering coverage to some customers in Texas.Some lawmakers are calling for the state to provide coverage…
How to avoid insurance mistakes
A blackboard on the dashboard of a car insurance agent may not be the best idea for someone who is going to be checking the insurance for an accident.That’s because of the blackboard’s lack of privacy.The Insurance Information Institute’s Insurance Insurance Trends study shows blackboards can also confuse people and increase insurance claims, because the…
Why you should be buying an insurance policy in Texas if you’re in the state of Texas
Texas is a state that’s often referred to as a “bailout state” for its low premiums and generous health care programs.But with that title comes a downside, as the state has seen several recent high-profile disasters.On March 24, a tornado that tore through the state’s capital city killed more than 50 people.The next day, an…
Insurance company to issue premium cuts as ’emergency’ comes to Texas
Next Big News Texas is expected to see the largest cuts to its individual insurance markets in two years.The Texas Health and Human Services Commission has approved a plan to raise premiums on individual policies by $1,600 over three years starting in 2019.The increase will take effect from June 1, 2019.If the rate increases go…
‘A good night’ for insurance companies amid new health insurance market coverage guidelines
Insurance companies are taking a breather this week as the health insurance marketplace for the United States enters its final phase of the enrollment period.The Obama administration released guidelines for insurers in March that called for insurers to provide coverage for those with pre-existing conditions and for those who were previously insured but didn’t have…