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Archive for the Insurance News Net Category

Zenefits laying off 250 employees, including 160 at Tempe offices

Zenefits laying off 250 employees, including 160 at Tempe offices

San Francisco-based Zenefits is laying off 250 employees today — including 160 at its new Tempe office — accounting for 17 percent of its total workforce. The fast-growing human resources and insurance software startup confirmed it has about 1,440 employees, but would not break out how many […]

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Genworth debuts immediate annuity for long-term care coverage

Genworth debuts immediate annuity for long-term care coverage

PRESS RELEASE: The following content has been reprinted in whole or part from a press release, issued statement, or other reports or sources. Genworth Financial has launched an annuity product that provides immediate long-term care coverage and benefits, designed for policyholders age 70 and over. The IncomeAssurance […]

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States sue federal government over fees paid but not authorized by Obamacare

States sue federal government over fees paid but not authorized by Obamacare

Posted: February 25, 2016 Six states have filed a lawsuit against the Obama administration for what they say are bogus fees assessed to states that are not part of the Affordable Care Act. The complaint was filed by officials from Texas, Wisconsin, Kansas, Louisiana, Indiana and Nebraska in […]

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Starr launches insurance, assistance services for travel to Cuba

Starr launches insurance, assistance services for travel to Cuba

Posted: February 22, 2016 PRESS RELEASE: The following content has been reprinted in whole or part from a company-supplied press release or issued statement. Starr Companies announced the availability of travel insurance and assistance services for travel to Cuba. These plans provide trip cancellation and trip interruption insurance […]

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Kaiser Permanente set to open estimated $200 million medical office building in Mission Bay

Kaiser Permanente set to open estimated $200 million medical office building in Mission Bay

Kaiser Permanente plans to open its estimated $200 million, 220,000-square-foot Mission Bay medical office building March 8. The new nine-story complex at 1600 Owens St., near UC San Francisco’s $1.52 billion Mission Bay campus and hospital complex, will house offices for 106 physicians, and employ a total […]

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AmWINS acquires Mid-Atlantic third party administrator, GBS

AmWINS acquires Mid-Atlantic third party administrator, GBS

AmWINS Group has acquired Group Benefit Services (GBS), a large Maryland-based third party administrator of employee benefits serving the Mid-Atlantic. The acquisition included a GBS unit, GBS Payroll Plus. Terms of the transaction were not disclosed. In addition to being a TPA, GBS is a general agent […]

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Kansas Hospital Association: Cost of rejecting Medicaid expansion $1B and counting

Kansas Hospital Association: Cost of rejecting Medicaid expansion $1B and counting

The Kansas Hospital Association says Kansas is missing out on more than $1 billion in federal funding by not expanding the state’s Medicaid program — administered under KanCare. KHA estimates Kansas topped that amount this past weekend, and the total continues to climb. The federal government has […]

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Group joins in call for universal long-term care insurance plans

Group joins in call for universal long-term care insurance plans

The long-term care costs for our aging population are growing so fast and can be so financially overwhelming for families that the United States needs a universal catastrophic insurance program similar to Medicare, a bipartisan policy group says. The Long Term Care Financing Collaborative, which includes former […]

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Why WellCare's stock is on the rise

Why WellCare's stock is on the rise

Investors are giving thumbs up to a proposed rate hike for WellCare Health Plans Inc. and other private insurers that provide Medicare coverage for seniors. The proposed plan by the U.S. Centers for Medicare and Medicaid Services would increase rates to private Medicare Advantage plans by 1.35 […]

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St. Clair Hospital unveils cost transparency tool

St. Clair Hospital unveils cost transparency tool

St. Clair Hospital unveiled a new cost transparency tool Monday morning that will make it easier for patients to determine what 105 common tests and procedures will cost. Available at the hospital’s website, stclair.org under the “Financial Tools” heading, the service takes a patient’s insurance information and […]

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