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Pennsylvania Joining National Survey on Climate Risk in the Insurance Industry
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Pennsylvania Launches Program to Support Innovation, New Insurance Products
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Federal COVID-19 rescue plan fuels ‘life-altering’ health insurance expansion and savings in Pa.
Updated 8:39 AM;
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The American Rescue Plan has given Pennsylvania $270 million toward expanding health insurance coverage and also lowering the cost for many people who already have coverage.
The help is available to people with coverage through Pennsylvania’s electronic health insurance marketplace, called Pennie. Pennie is Pennsylvania’s new, state-run version of the marketplace that came about as a result of the Affordable Care Act, or Obamacare.
“These new provisions result in significant impacts, including huge, potentially life-altering savings for Pennsylvanians seeking individual market coverage, and those already enrolled through Pennie, as well as those who may lose their employment and rely on COBRA to maintain their coverage,” Alison Beam, the state’s acting secretary of health, said on Tuesday.
Pennsylvania Insurance Commissioner approves loss-cost reduction for workers’ comp insurance
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Pennsylvania Insurance Commissioner Jessica Altman announced Thursday the approval of a loss-cost filing, including a 3.02 percent reduction in loss costs – a determinant in workers’ compensation insurance rates paid by businesses.
The reduction should lower workers’ compensation premiums for many Pennsylvania businesses, Altman’s office said.
The loss-cost revision was filed by the Pennsylvania Compensation Rating Bureau (PCRB) on behalf of the companies that write workers’ compensation insurance policies in that state. Workers’ compensation insurance pay for medical care, lost wages and rehabilitation for injured workers, and lost wages and death benefits for the dependents of those killed on the job.
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