Auto Insurance Prices Rose 4% in 2010
Auto insurance premiums are continuing to increase according to a recent report by the U.S. Bureau of Labor Statistics. In 2010, car insurance prices rose for 11 of the 12 months. The average monthly auto insurance increase was .2%, but several months saw large price increases, leaving insurance prices up 4.5% from January 2010 to [...]
How to Enroll in Medicare When You Become Eligible
Although most seniors know that they are eligible to enroll in Medicare, many find the process of getting signed up for senior health insurance to be a bit confusing and daunting. With that in mind, the government’s official Medicare website, Medicare.gov, has put together a checklist for seniors looking to sign up for Medicare. Their [...]
Small Businesses in Massachusetts May See Lower Health Care Costs
Small businesses in Massachusetts are going to benefit from new rules put into place in the state that allow smaller companies to band together to offer health insurance for employees. Small business owners in the state have been complaining about double-digit increases in group health insurance premiums each year. In response, the state is permitting [...]
US Government Hands Out Funds for State Insurance Exchanges
If you thought that the idea of state health insurance exchanges might just go away, think again. The US government has awarded $241 million in grants to 7 states to build out the IT infrastructure to run these exchanges. The states (Kansas, Maryland, New York, Oklahoma, Oregon, Wisconsin and a consortium of states in New [...]
Progressive Insurance Introduces Pay-As-You-Drive Insurance
Progressive Insurance rolled out its new pay-as-you-drive auto insurance policy pricing in Florida this week, giving discounts to drivers based on how much they drive over the course of the year. Drivers who agree to participate in the program will allow Progressive to place a device in their car to monitor driving habits, including the [...]
States Struggle with How to Pay for Retiree Health Care Costs
Governors across the United States are struggling with how to pay for more than half a trillion dollars worth of unfunded health insurance costs for its retirees. With the price of health insurance rising upwards of 20% each year for this group, several states are worried about going bankrupt to pay for health insurance for [...]
Where Is the Most Auto Insurance Fraud Committed? You Guessed It…
The National Insurance Crime Bureau recently announced that Florida leads the nation in staged accidents and suspicious auto insurance claims. The dubious honor is more than just a fact dragged out by late night comedians: it’s also putting a dent in your wallet. Studies show that these staged accidents cost each auto insurance policyholder about [...]
Is Life Insurance the Best Valentine’s Day Present?
Is the best way to get your Valentine to fall in love with you to purchase her a life insurance policy? A recent study suggests that may be the case. According to the nonprofit LIFE foundation, more than half of Americans surveyed said that they would feel loved if their significant other named them as [...]
How Much Will Auto Insurance Cost Over Your Lifetime?
Have you ever wondered how much automobile insurance will cost you over the cost over your life? You better buckle your seatbelt: a new study has found that the average driver will pay more than $84,000 to pay for their car insurance between the ages of 21 and 75 — roughly the same amount as [...]
College Health Plans Are Not Exempt from Health Care Law
The US Department of Health and Human Services just announced that college and university health plans are not exempt from the rules established by the Obama Administration’s Health Care law. These plans had previously been outside the purview of the law because they are considered to be mini-med plans (mini-meds are exempt from the health [...]
