MetLife, the insurance company that once used Snoopy, and other Peanuts characters, in it’s commercials, has decided to stop selling long term care insurance policies. MetLife was one of the largest insurance companies who sold this kind of insurance, with about 600,000 people who currently have a long term care insurance policy with MetLife. What does this mean for those policy holders? This change means that MetLife is among the insurance companies who are leaving the market for a particular kind of insurance. They would prefer to just stop selling long term care insurance policies rather than fight for the … Continue reading →

Beginning in 2011, health insurance companies will be required to use at least 80% of the money they collect from customers to pay medical bills, or to put towards other things that will improve the customer’s health. This means that right now, some health insurance companies are spending less than 80% of the money they get from premiums on caring for their customer’s health. The big question is: what kinds of costs, specifically, will be considered appropriate for health insurance companies to include as “beneficial to the customer’s health”? Right now, a group called the National Association of Insurance Commissioners … Continue reading →

Many insurance companies feel they cannot financially afford to cover sick children, or to offer insurance to people of any age who have pre-existing conditions. However, many insurance companies somehow do have money to give to certain political candidates. It is the hope of these insurance companies that the candidates they have decided to give financial support to will be able to change the recent laws regarding health insurance in ways that will benefit the insurance companies. It seems like we are hearing news every day about insurance companies who have decided to stop offering certain types of health insurance … Continue reading →

Did your insurance company decide to get out of the insurance business entirely? Many insurance companies have elected to cease offering certain kinds of insurance policies, in response to the new health care reform laws. Some insurance companies are finding the new laws and regulations to be so disagreeable that they have essentially decided to “take their ball and bat and go home”. This can cause problems for the consumers who were getting their health insurance from a company that closed up shop. If you have been keeping up with the news, then you are already aware that there have … Continue reading →