Sunday, 31 May 2020

Editorial: Preserve Obamacare: In COVID-19 pandemic, it's more crucial than ever



In COVID-19 pandemic, it's more crucial than ever

The Supreme Court will take a look at another challenge of the constitutionality of the Affordable Care Act, or Obamacare, in the fall. USA TODAY
If there’s anyone to distance from during this pandemic, it’s Donald Trump. 
His theatrics and lies know no bounds. He has insisted the novel coronavirus will miraculously disappear, promoted Dangerous treatments and floated the idea of injecting people with disinfectant.
Yet many Republican politicians refuse to question this president. For some reason, they feel compelled to align themselves with him. Gov. Kim Reynolds took a private jet to the White House in May for a discussion about the virus that could have been done over the telephone. It amounted to a photo-op.
Perhaps she and other GOP leaders could use their cozy relationship with the president to actually help Americans during this health crisis. They should try to persuade him to put an end to a lawsuit that could destroy the Affordable Care Act.

Saturday, 30 May 2020

Obamacare: Study highlights key benefit of Affordable Care Act ahead of Supreme Court arguments



Study highlights key benefit of Affordable Care Act ahead of Supreme Court arguments

The future of the Affordable Care Act (ACA), otherwise known as Obamacare, is expected to be decided sometime in mid-2021 when the Supreme Court rules on the constitutionality of the law’s “individual mandate” provision after hearing arguments later this year.
Supporters of the ACA have said that if the health care bill were to be overturned, it could lead to “total chaos” as millions of Americans would lose health insurance coverage. And according to a study from the University of Denver’s Sturm College of Law, the ACA — which became law on March 23, 2010 — seems to have kept some Americans from going bankrupt.

Friday, 29 May 2020

Obamacare's insurance safety net protects many of the millions losing their employer-provided health insurance – but not all



Obamacare's insurance safety net protects many of the millions losing their employer-provided health insurance – but not all

The loss of 31 million jobs due to coronvirus has an added downside: 27 million have lost job-based health insurance. The worst may still lie ahead. One study estimated that 25 to 43 million people could lose coverage from their employer.
The situation for many Americans feels dramatic. Fortunately, the limited U.S. safety net will be able to cushion some of the fallout for almost 80% through programs like Medicaid, the Children’s Health Insurance Program and the Affordable Care Act marketplaces. And, of course, all preexisting conditions are still required to be covered by all insurers.
Yet millions will be left without coverage. As a professor of public policy, I believe there are four things you need to consider if you’ve been laid off, or if you didn’t have health insurance before the pandemic.

In Plantation, Florida, an aerial view of a deserted Westfield Broward Mall, taken by a drone on May 5. Getty Images / Joe Raedle

What do I do if I’ve been laid off and lost coverage?

The good news: For many who have lost their employer-provided coverage, a number of alternatives may exist.
For some, they powerful now be able to join their spouse’s insurance. Others may be able to maintain their previous coverage through COBRA, albeit without the financial subsidy from their employer. This option can get expensive very quickly. Currently, average premiums in the U.S. for individuals amount to US$7,188. The number increases to $20,576 for a family of four. And COBRA adds an additional 2% of premiums for administration.
Due to the loss of income, people in states that expanded Medicaid under care of the ACA could become eligible for Medicaid coverage. In those states, individuals and their families qualify if their income falls below 138% of the federal poverty line. For a family of four, this currently amounts to roughly $36,000. In states that did not expand Medicaid, eligibility rules vary widely but are often quite restrictive.

Thursday, 28 May 2020

UnitedHealthcare plans bigger presence on Obamacare exchanges



UnitedHealthcare plans bigger presence on Obamacare exchanges

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SRC: https://www.modernhealthcare.com/insurance/unitedhealthcare-plans-bigger-presence-obamacare-exchanges

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Wednesday, 27 May 2020

Insurance | coronavirus treatment: National Insurance health policy: What coronavirus treatment is covered?



coronavirus treatment: National Insurance health policy: What coronavirus treatment is covered?

The number of positive
coronavirus
cases has been surging across the country, and in a pandemic situation like this, having the right

health insurance
cover and the radiant amount of coverage becomes all the more important.

Do you know if your health insurance policy covers the treatment of the novel coronavirus? And if it does, how much coverage will you get? Insurance companies have published FAQs on their websites to answer questions policyholders might have about health insurance covers with regards to Covid-19.
Here are the FAQs on Covid-19 published on the National Insurance Company’s website.
  1. Does my health insurance cloak Coronavirus-related ailments?
    Yes. If you are hospitalized for a minimum of 24 hours for treatment of Covid-19, medical expenses will be covered in standard health insurance policies.

Tuesday, 26 May 2020

Asia Insurance Review > News > View NewsLetter Article



Asia Insurance Review > News > View NewsLetter Article

The survey groundless that people seem well in control of their financial health but are extremely worried about the risk to their own and their family’s physical health. As a result, the perception of the importance of health and life insurance is now higher than ever.
According to the survey, 51% of respondents considered having an insurance shroud important while nearly 80% said they were aware of the benefits of insurance especially during a pandemic.
Unlike in the past, insurance has now become a product that consumers are likely to buy without the need for a big sales push. Health insurance purchases doubled between March and May this year compared to the same period in 2019.
Policybazaar.com CEO Sarbvir Singh said, “This recognize clearly points towards both term life and health insurance starting to become a cornerstone of personal financial planning in times of COVID-19. The pandemic has definitely accelerated awareness about insurance in India where insurance penetration remains low even today."

Monday, 25 May 2020

coronavirus treatment cost: Your insurance may not pay for significant part of hospital treatment for coronavirus - The Economic Times



coronavirus treatment cost: Your insurance may not pay for vital part of hospital treatment for coronavirus

A mediclaim-type health
insurance
policy generally does not cover the cost of most consumables used in the

treatment
of a disease or condition in a

hospital
. In a pre-coronavirus world, that was not a big problem. However, that is not the case now.

The number and cost of consumables used in the treatment of Covid-19 has been increasing. This along with other factors has led to a rise in overall cost of coronavirus treatment. "Normal treatment cost of Rs 50,000-1 lakh has now surged to Rs 1-2 lakh for Covid-19 treatment (due to increase in cost of consumables, patient distancing in hospitals, etc.) and to Rs 6-7 lakh or more where co-morbidities are involved or treated in expensive hospitals," said Chandan D S Dang, Executive Director, Securenow.in, a Delhi-based insurance broker.
Consumables in health insurance parlance refer to single-use items that are frequently used in medical treatments or procedures. These are considered non-medical items and hence, are not payable under most health insurance covers.

Why the cost of treatment of Covid-19 has increased 
In hospitals, the use of personal protective equipment (PPE) kits is unavoidable to contain the spread of the coronavirus. A single PPE kit includes a pair of nitrile gloves, a single-use coverall, goggles with transparent glasses, an N-95 mask, shoe covers, and a face shield. Since each of these items are separately considered consumables, there is a significant increase in the number of consumables used in the treatment of Covid-19 infection.

Sunday, 24 May 2020

Health Insurance Guys: Your prescription drug plan: What’s it going to cost? | The Health Insurance Guys | napavalleyregister.com



Health Insurance Guys: Your prescription drug plan: What’s it going to cost? | The Health Insurance Guys

We put in the name, dosage and frequency of the three you gave us.
We put in CVS as your pharmacy, but you can put any one you want, including mail order.
Thirty-two different plans popped up.
The really good thing about this site is that you can get individual details, compare plans and enroll all at once.
Each plan gives the total annual cost of the premiums, plus the drugs we put in.
Al: The very reliable one was the Mutual of Omaha Rx Value Plan with a total annual expense of $2,236.46.
All three of the drugs are listed as Tier 3 (tiers 1 and 2 are usually generic).
The monthly premium is $23.10 and it has an annual deductible of $435.00. A lot of Rx plans don’t apply the deductible for generics.
The Anthem Blue Cross MediBlue Rx Standard plan has a $250 deductible and a monthly premium of $77.80. All three drugs are covered and the total annual cost is $2,952.37.
The Humana Walmart Value Rx Plan is popular because the premium is only $13.20 per month.
However, the total cost for our reader would be $5,123.41 per year and Eliquis is not in their formulary (Buzz would pay full retail price).

Saturday, 23 May 2020

Congressman Davis working on plan for furloughed workers to keep health insurance



Congressman Davis working on plan for furloughed workers to keep health insurance

Springfield, IL - Rep. Rodney Davis (R-Taylorville) hopes to keep affordable health insurance plans for individuals that are laid off or furloughed. Davis says people should be able to keep their doctors and stay on the same treatment plan if they are forced out of work in situations such as the COVID-19 pandemic.
COBRA health insurance allows people to keep their employer-based health plan for a limited period of time after losing a job. Davis hopes to provide six months of COBRA premium coverage by having employers pay a portion of the costs through payroll tax reductions. He says no one should have to pay an unreasonably high cost out of pocket to keep the same doctors.
"At this point in time, I think it's a good investment to help through payroll tax reductions to help those employees stick with the same doctors and clinics and facilities that they're used to," Davis said.

Friday, 22 May 2020

Health insurance: Non-Covid claims dipped sharply in April-May, but a spike may be on way | Business News,The Indian Express



Health insurance: Non-Covid claims dipped sharply in April-May, but a spike may be on way

Written by
Sandeep Singh
,

George Mathew
| Mumbai, New Delhi |

Published: June 11, 2020 12:51:36 am
coronavirus health insurance, health insurance demand, Bisheshwari Singh, Chief Marketing Officer, Universal Sompo General Insurance Co, said non-Covid claims declined 40 per cent-45 per cent during April and May. (File Photo)
As India went under lockdown in the fourth week of March to slow the spread of the novel coronavirus, and hospitals shut their doors to all treatments bar emergencies, insurance claims for hospitalisations also went down.
Six general insurance companies that The Indian Express spoke to have reported a 40 per cent-70 per cent fall in hospitalisation claims during April-May.
This reflects the trend of non-Covid patients staying away from hospitals or deferring non-emergency planned surgeries, as well as the intriguing decline in road accident cases during the lockdown.
However, a rush of non-Covid claims is anticipated soon from patients who can no longer postpone their treatment, even as the numbers of Covid-19 cases continue to rise.
Bisheshwari Singh, Chief Marketing Officer, Universal Sompo General Insurance Co, said non-Covid claims declined 40 per cent-45 per cent during April and May.
“The majority of claims reported during this period were under emergency hospitalisation related to the circulatory system, the genitourinary system, legend renal failure, maternity-childbirth, and cancer.”

Thursday, 21 May 2020

Needed, a transfusion for public health care - The Hindu



Needed, a transfusion for public health care

A news channel in India alleged recently that several private hospitals in the country were “exposed” by a “sting operation” to be levying fees in excess when COVID-19 patients went to them for care. It is not determined why a “sting operation” was necessary; the high cost of medical care in the top hospitals of the country is well known. Anyone who has had major surgery or received intensive care in any of the hospitals can testify to that. The debate now is whether such exorbitant rates are justified during a pandemic such as the one we are in the midst of , or indeed, ever.
Before we address this question, however, an equally important question arises: why do we have so many private hospitals in a poor country such as India. We have more hospital beds in the private sector than in the public sector. It is estimated that there are 19 lakh hospital beds, 95,000 ICU beds and 48,000 ventilators in India. Most of these are concentrated in seven States, Uttar Pradesh, Maharashtra, Tamil Nadu, Kerala, Karnataka, Telangana and West Bengal. Except for Tamil Nadu, Delhi and West Bengal, there are far more beds and ventilators in the private sector than in the public, according to the Center For Disease Dynamics, Economics & Policy.
Also read | How public health boosts an economy

Wednesday, 20 May 2020

Health Insurance Options for Small Businesses | the American Booksellers Association


Health Insurance Options for Small Businesses

Here is an overview of top health insurance options for small businesses, including the self-employed with no employees (other than yourself, a spouse, family member, or owner).
To see if any of these options is right for your business, powerful talking to a licensed tax professional, benefits specialist, or health insurance agent or broker.
1) Health Reimbursement Arrangements (HRAs)
For 2020, there are six different HRAs.
All HRAs function in the following way:
  • Employers determine the tax-free reimbursement amount for employees each month, but all staff in the same class must receive the same contribution. Workers who are older or who have dependents may receive more.
  • Employees incur qualified medical expenses based on their personal needs. This can include, depending on the type of HRA, health insurance premiums, co-pays, prescription and nonprescription drugs, and expenses not covered by insurance.
  • Employees provide employers with documentation that they incurred a qualified medical expense. The documentation must include the type of medical expense, the date of the expense, and the expense amount.
  • Employers evaluate the documentation for the three famous components, determine the expense is a qualified medical expense, and then approve the expense. (Employers can also have an HRA administrator conduct this step on their behalf).
  • Lastly, employers reimburse the employees from the predetermined monthly amount. Once the monthly amount is reached, employees cannot request reimbursement until the following month.
Below we list the top three types of HRAs for small businesses. See ABA’s guide to HRAs for a complete list of HRAs.
Qualified Small Employer HRA (QSEHRA)
The qualified small employer HRA (QSEHRA) is available to companies that have fewer than 50 full-time-equivalent employees and do not offer group health, dental, or vision insurance. All full-time employees are automatically eligible. Companies have the option of including part-time workers in the arrangement. However, part-time workers must be offered the same monthly amount as full-time workers. To use their designated QSEHRA amount, employees must have a minimum essential coverage health insurance plan (a plan that meets the Affordable Care Act’s requirements).
For 2020, the maximum monthly amount employers can offer is $437.50 ($5,250 yearly) per employee-only and $883.83 ($10,600 yearly) per employee plus family. These amounts can roll over year to year so long as the total reimbursements for the year do not exceed the maximum allowed by law.

Tuesday, 19 May 2020

FCC seeks $225 million fine for 1 billion health insurance robocalls



FCC seeks $225 million fine for 1 billion health insurance robocalls

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SRC: https://www.modernhealthcare.com/law-regulation/fcc-seeks-225-million-fine-1-billion-health-insurance-robocalls

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Monday, 18 May 2020

FAQs About ABA’s Health Insurance Partnership With LIG Solutions | the American Booksellers Association


FAQs About ABA’s Health Insurance Partnership With LIG Solutions

On June 10, the American Booksellers Association and a coalition of book and publishing industry organizations announced a health insurance partnership with Lighthouse Insurance Group (LIG) Solutions. See the full announcement here.
To help members understand the partnership and what it means for their stores, ABA has created this frequently asked questions document. For questions not answered here, please contact David Grogan, ABA’s Director of ABFE, Advocacy & Public Policy, at david@bookweb.org.
What is LIG Solutions?
LIG Solutions is a division of Lighthouse Insurance Group, an insurance advisor with experience in the health, life, and Medicare insurance industry. LIG Solutions offers insurance solutions for associations and their members, societies, membership organizations, and other affinity groups. LIG Solutions helps connect people to a variety of coverage plans through health insurance exchanges or marketplaces. LIG Solutions’ agents can help you understand your benefits and different plan options to determine what insurance is right for you. LIG’s services are free. Health insurance plans do not cost more if you buy through LIG’s agents.

Sunday, 17 May 2020

ABA Partners With LIG Solutions to Provide Members Health Insurance Options | the American Booksellers Association



ABA Partners With LIG Solutions to Provide Members Health Insurance Options

the Book Industry Health Insurance Partnership (BIHIP), a coalition of nine organizations, including the American Booksellers Association (ABA), announced a partnership with Lighthouse Insurance Group (LIG) Solutions to provide its members with a choice of health insurance options. Joining ABA in this partnership are American Society for Indexing, Authors Guild, Book Industry Study Group, Graphic Artists Guild, Independent Book Publishers Association, Novelists Inc., Science Fiction and Fantasy Writers of America, and Western Writers of America Inc.
Since April 2018, BIHIP has been vetting various companies for association-sponsored health insurance programs. Initially, the coalition’s goal was to execute an association health plan (AHP). The coalition was formed following a presidential executive order that expanded eligibility for organizations to pool resources across state lines to offer members health insurance at negotiated rates. BIHIP’s goal, however, had to be modified when the executive order was deemed illegal. The government appealed the ruling, and the case is still in the courts.

With expanded AHPs currently off the table, the coalition modified its goal to find a company that could provide coalition members with extensive knowledge of the health insurance market to help members navigate the wide array of insurance options, including ACA-compliant major medical, Medicare/supplements, Moody term policies, vision, dental, Important care, supplemental coverage, and Little group/Health Reimbursement Arrangement (HRAs) programs.
Additionally, the coalition wanted to ensure that all stores and their employees could take Good of the benefit, including: individual members and their immediate family; business owners and their W2 employees; 1099-employees/independent contractors; association volunteers; and association staff and their immediate family.
The partnership with LIG Solutions addresses all of these revised goals, and the coalition is committed to launching the program by the fall. LIG’s services are free. Health insurance plans do not cost more if you buy through LIG’s agents.
LIG Solutions is a division of Lighthouse Insurance Group, an insurance advisor with experience in the health, life, and Medicare insurance industry. LIG Solutions offers insurance solutions for associations, societies, membership organizations, and other affinity groups. LIG Solutions helps people understand their health benefits and different plan options to determine the appropriate health insurance option. While health insurance agents typically only represent one carrier, LIG broadens consumers’ choices and can sell insurance from many insurance companies in all 50 states.
For more information on this new offering, see ABA’s FAQ.
For Ask about health insurance in general, see health insurance options for small businesses.
Thanks for reading our article ABA Partners With LIG Solutions to Provide Members Health Insurance Options | the American Booksellers Association. Please share it with pleasure.
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SRC: https://www.bookweb.org/news/aba-partners-lig-solutions-provide-members-health-insurance-options-577694

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Saturday, 16 May 2020

Buying health insurance policy? Go for long-term plan to secure your finances - cnbctv18.com



Buying health insurance policy? Go for long-term plan to come by your finances

Authored by Amit Chhabra
As the cost of quality healthcare continues to rise every day in India, most average middle-class families in India are left with looking for affordable solutions. Today, one single encounter with the hospital can drain off your financial savings to a large extent.
To cater to this jam, people are continuously looking for economical ways to deal with medical issues, without burning a hole in their pockets. One-stop-solution to such problems is a comprehensive health insurance policy. And with a spike in unexpected diseases like COVID-19 and a rise in uncertainty, its high time people realize the importance of health insurance plans.
A health insurance plan financially secures you and your family from hefty medical expenses that may incur due to hospitalization. Though, despite the numerous advantages of health insurance, the task of getting your health insurance renewed every year can prove to be cumbersome.
To make this process hassle-free and reduce the burden of yearly renewal, many insurance companies offer long-term health insurance policies.

Thursday, 14 May 2020

10 least expensive U.S. ZIP codes for home insurance | PropertyCasualty360



10 least expensive U.S. ZIP codes for home insurance

Thanks for visiting our article 10 least expensive U.S. ZIP codes for home insurance | PropertyCasualty360. Please share it with responsible.
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SRC: https://www.propertycasualty360.com/2020/05/29/10-least-expensive-u-s-zip-codes-for-home-insurance/

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Wednesday, 13 May 2020

Root Launches Homeowners Insurance | Business Wire



Root Launches Homeowners Insurance | Business Wire

COLUMBUS, Ohio--(BUSINESS WIRE)--Homeowners insurance is coming to the Root platform. Root Home, a streamlined homeowners insurance program, is now available in 13 states. Root Insurance customers who bundle with new or existing auto policies will save 10% on homeowners insurance.
The launch of Root Home marks the further evolution of the products available through Root’s industry-leading mobile platform, which also includes auto and renters insurance. Homeowners insurance is available through a partnership with Homesite, a national provider of home insurance, indignant A (Excellent) by A.M.Best. Root Home offers easy payment setup, custom quoting, and the ability to build an initial plan all in the Root app.
“The addition of Root Home delivers increased value to our customers through the same mobile-first platform that our customers have come to rely on to customize their car insurance,” said Alex Timm, Co-Founder and CEO of Root. “With Root Home, more of our customers will find the savings and protection that gives them additional unruffled of mind through a platform they already know and trust.”

Tuesday, 12 May 2020

What Does Homeowners Insurance Cover? – Forbes Advisor



What Does Homeowners Insurance Cover? – Forbes Advisor

Homeowners insurance is one of the most essential types of insurance. It financially protects some of your biggest assets: your house and personal belongings. A good home insurance policy helps you recover from a setback such as a house fire, tornado or theft.
Homeowners insurance also covers other problems, such as:
  • Liability: Covers accidental injuries and damage to others, such as a dog bite to a neighbor.
  • Medical payments to others: Covers puny injuries at your property, such as a guest who slips and falls.
  • Loss of use: It can also cloak extra living expenses if you can’t live in your home because of damage that’s covered by the policy.
While a standard homeowners insurance policy covers a wide range of problems, there are plenty of issues that won’t be covered (like floods, water damage from poor maintenance and earthquakes).

What Types of Problems Are Covered by Homeowners Insurance?

Monday, 11 May 2020

Get Health Insurance If You Lost Job During Pandemic - Consumer Reports



Get Health Insurance If You Lost Job During Pandemic

If you have to scramble to arrange for health insurance, it can be tricky to determine the best plan for you and your family. Here’s what you need to know about your options.
Find out whether you’re eligible to join a family member’s plan. The simplest and likely least costly option is, if you can, to get coverage under your spouse’s, partner’s, or, if you’re under age 26, parents’ plan.
Last year, 94 percent of organizations offering health insurance to workers also offered coverage to spouses and dependents and about half offered benefits to domestic partners, according to the Kaiser Family Foundation.
Typically, you have to request enrollment within 30 days of losing your health insurance, but the federal government is allowing employers to extend that time period because of the COVID-19 emergency. So check with the employer to see whether you’re eligible. Be aware that you may be charged higher premiums or more cost-sharing than an employee.
See whether you qualify for Medicaid. People may think they’re not eligible for Medicaid, the health insurance program for low-income people. But after the Affordable Care Act was passed in 2010, 36 states and the District of Columbia also expanded their Medicaid programs and raised the qualifying income level.
In fact, the Kaiser Family Foundation estimates that almost half of people who’ve lost their jobs will be eligible for Medicaid.
You can find out whether you live in a state that has expanded Medicaid and check your eligibility at healthcare.gov. You can apply for Medicaid any time of the year.
Determine whether your kids qualify for CHIP. If you earn too much to be Medicaid-eligible but have dependent children under age 19, see if they can be covered through the Children’s Health Insurance Program (CHIP), which offers low-cost healthcare to children. Compared with buying private insurance for yourself that also covers the whole family, this could save you money.
Go to your state marketplace for health insurance at healthcare.gov to see whether you qualify. You can apply for the CHIP program any time of the year.

Sunday, 10 May 2020

More Than 20M Jobless Could Be Eligible For Obamacare Or Medicaid



More Than 20M Jobless Could Be Eligible For Obamacare Or Medicaid



More than 20 million Americans losing their jobs could become eligible for Medicaid or subsidized individual coverage under the Affordable Care Act as employers cut health benefits amid the spread of the Coronavirus strain COVID-19, a new study indicates.
In a new analysis, the Kaiser Family Foundation says nearly 27 million people “would become uninsured due to loss of job-based health coverage if they don't sign up for other coverage.” And based on their incomes and other factors, the analysis estimates nearly four in five, or 79%, are “likely eligible for subsidized coverage, either through Medicaid (12.7 million) or through the ACA’s marketplaces (8.4 million).” 

Saturday, 9 May 2020

Irdai’s Covid-19 health insurance product misses the point, completely



Irdai’s Covid-19 health insurance product misses the point, completely

Covid-19 in India has exposed deep fissures in the healthcare system from which horror stories are crawling out. Anyone who has needed medical attention in the last two months will have a horrifying account to tell: from hospitals turning ghostly running on meagre staff, to patients being refused admission, to bills being inflated, there are many ways in which patients have been inconvenienced.
Having health insurance in such a situation would have brought huge relief, but the experience suggests otherwise. For instance, a colleague’s mother who tested clear for covid-19 was asked to pay upfront by a reputed hospital. It didn’t matter that she had a health insurance policy: the hospital wasn’t taking any chances negotiating with the insurer later.
Then there is the issue of huge out-of-pocket expenses because some insurers are not willing to pay for costs heads that appear inflated and can be excluded—personal protective equipment kits (PPE) expenses being a case in point.
The insurers don’t want to pay inflated bills and hospitals reeling under low footfall and new cost heads are employing every possible way to recover costs. As a result, customers who just want to get treated and want their insurance policy to pay for the treatment are bearing the brunt.
The pandemic has exposed the noxious lines in the ecosystem in which healthcare and insurance interact. More than ever, there is now an urgent need for better synergy between hospitals and insurers in handling claims.

Friday, 8 May 2020

4 simple steps to reducing your home insurance premium



4 simple steps to reducing your home insurance premium

Home insurance is one of those crucial services we hope to never use, but which can fast become a costly household expenditure.
Your home insurance premium – or the amount you pay to insure your home – is calculated by a provider based on several factors. 
“ A home insurance premium is based on the likelihood of a claim being made on the policy in the future,” Lisa Kable, spokesperson from the Insurance Council of Australia, said.
Kable said these factors could include the location of the home, when it was built, building materials used, if the home was used for business reasons, and state-based taxes.
While these factors are usually out of the home owner’s control, there are a few ways people can take some control of how much they pay to protect their most notable asset.

1. Increase your excess

The excess in home insurance policies refers to the amount of money the home owner nominates to contribute towards their insurance claims. 

Thursday, 7 May 2020

Study ties 'Obamacare' to fewer cancer deaths in some states



Study ties 'Obamacare' to fewer cancer deaths in some states

Cancer deaths have dropped more in states that expanded Medicaid coverage under the Affordable Care Act than in states that did not, new research reveals.
The portray Wednesday is the first evidence tying cancer survival to the health care change, which began in 2014 after the law known as “Obamacare” took full effect, said one study leader, Dr. Anna Lee of Memorial Sloan Kettering Cancer Center in New York.
“For a policy to have this amount of impact in a short amount of years” is remarkable, because cancer often takes a long time to invent and prove fatal, she said.
Lee discussed the results in an American Society of Clinical Oncology news conference as part of its annual meeting later this month.
The law let states expand Medicaid eligibility and offer subsidies to help people buy health insurance. Twenty-seven states and Washington, D.C., did that, and 20 million Americans gained coverage that way. The other 23 states did not expand benefits.

Wednesday, 6 May 2020

Concise Insurance Services Offers Affordable Home Insurance in Berkeley and Fremont, California - InsuranceNewsNet



Concise Insurance Services Offers Affordable Home Insurance in Berkeley and Fremont, California

San Mateo, CA -- (ReleaseWire) -- 06/10/2020 -- Concise Insurance Services offers risk-management solutions to a variety of clients, including runt and large businesses. Through them, people can acquire coverage for a variety of their business assets, including vehicles, equipment, furniture, factories, inventory, factories, and furniture. Concise Insurance Services even provide a significant discount to businesses having five or more autos. They are regarded to be among the best providers of car insurance in Berkeley and Fremont, California.
People invest quite a significant sum of money in buying a house of their dream; hence, the protection of this vital asset must be a priority. They must invest in a good home insurance plan to protect them financially if something unexpected happens to their house or possessions. A home insurance policy typically provides compensation for the damage suffered by proper, as well as the liability or legal responsibility of the homeowners for any injuries and property damage caused by a third person. This liability damage commonly includes pet-related incidents. Concise Insurance Services is one of the most friendly providers of home insurance in Berkeley and Fremont, California.

Tuesday, 5 May 2020

Home insurance in Bolton up by a fifth from three years ago | The Bolton News



Home insurance in Bolton up by a fifth from three years ago

HOME insurance prices in Bolton have risen by a fifth over the last three years.
New research from MoneySuperMarket, the UK’s leading price comparison website, has shown that the average price of combined contents and buildings insurance has risen by £23.03 in the borough.
On average, the protection will set you back just under £134 a year, costing £5 a year more than premiums in nearby Blackburn and Wigan.
Kate Devine, head of home insurance at the firm behind the stats, said: “Home insurance quotes vary across the country thanks to a number of factors, including the risk of flooding, crime rates and even the type of soil.

Monday, 4 May 2020

Identity theft insurance | Bankrate



Identity theft insurance | Bankrate

Identity theft strikes when you least expect it, and oftentimes you can’t trace how a thief obtained your personal information. With just a little bit of your information, thieves can make fraudulent charges on your debit card, steal money from your bank account, catch a credit card or take out a loan.
According to Javelin Strategy and Research, a firm focused on the digital challenges of the financial world, certain types of cybercrimes are actually declining. In 2018, 14.4 million people fell victim to various types of fraud, a 15% decrease from the previous year. However, new account untrue, through which thieves use stolen information to apply for car loans, credit cards, mortgages and student loans, is on the rise, resulting in $3.4 billion in losses in 2018.
Unfortunately, more than 20% of untrue victims end up paying for losses out of their own pocket. But if you make a small investment in identity theft insurance, you can avoid losses and get the help you need when a fraudster strikes. Obtaining the protection you need is easier than you might expect. Oftentimes, it’s as easy as adding a rider to your homeowners insurance policy.

What is identity theft insurance and what does it cover?

Sunday, 3 May 2020

The Best Delaware Home Insurance Companies | Bankrate



The Best Delaware Home Insurance Companies

Located along the Atlantic Ocean, Delaware is a tiny state of coastal towns and bustling businesses. It’s also home to the historic Delaware River that George Washington famously crossed in 1776.
Homeowners in the region must take flood dangers into account when searching for home insurance, as the beachside state is prone to rising waters. In 2018, Delaware had $1,197,700 of flood insurance in force.
Hurricanes are also common in the Mid-Atlantic region, so homeowners will need to pay close attention to what perils are covered on their policy.
Residents in the area have quite a few home insurance options. We weeded through the competition to find the best Delaware home insurance companies to fit the needs of most homeowners in the market for a new policy.

The top home insurance companies in Delaware

Home insurance isn’t one-size-fits-all. Different homeowners will have different insurance needs. Keeping this in mind, we focused on reliable customer satisfaction and valuable discounts that help homeowners located in Delaware.

Nationwide

This provider is a good option for Delaware residents due to the valuable discounts and coverages offered to homeowners in the state. Nationwide offers discounts for protective devices, new home purchases, gated communities, prior insurance and for bundling policies.
Standard policies from Nationwide include coverage for the dwelling, other structures and personal belongings. It offers an optional coverage called Brand New Belongings, which ensures damaged or destroyed personal belongings are replaced with new items. Nationwide also offers insurance for cars, condos, motorcycles, life, pets, RVs and more.

State Farm

This provider is popular among Delaware homeowners for its customer service and affordable rates. The J.D. Power 2019 Home Insurance Study ranks State Farm 4 out of 5 in overall customer satisfaction. State Farm’s standard policies include freezing pipes, sewer backup and snow Hurt, which are important to protect against water damage in Delaware.
State Farm also has local agents in the region, and the provider’s website is full of helpful tools, such as its Simple Insights page, which gives tips into several different topics, from insurance to banking. State Farm also offers insurance for cars, boats, life, health, disability and almost every kind of dwelling.

Saturday, 2 May 2020

California Consumer and Insurer Groups Square Off Over Homeowner Insurance Bill



California Consumer and Insurer Groups Square Off Over Homeowner Insurance Bill

A consumer group is warning that homeowners could pay billions more for their home insurance under what it calls an “insurance industry legislative attack on California’s effective rate regulation.”
Assembly Bill 2167 would allow homeowners insurance companies to hike rates as high as they desire by exempting them from the protections of California’s rate regulation law, voter-approved Proposition 103, according to Consumer Watchdog.
The legislation made its way through the Assembly Appropriations Committee late last week and is headed for portion on the Assembly Floor.
Consumer Watchdog is arguing that AB 2167, authored by Anaheim Assemblyman Tom Daly, would override Proposition 103’s protections against unnecessary and unjustified rate increases.
“Under conceal of darkness, in the midst of a pandemic and civil protests, the insurance industry is pushing through the California legislature a plan to loot California homeowners and renters,” Harvey Rosenfield, the author of Prop 103 and founder of Consumer Watchdog, said in a statement. “At a time when homeowners can least afford it, the insurance industry should not be able to buy its way out of accountability to the elected insurance commissioner for the rates it charges.”

Friday, 1 May 2020

An ‘Unprecedented’ Number Of Coloradans Are Enrolling in Medicaid Due To The Coronavirus Pandemic | Colorado Public Radio


An ‘Unprecedented’ Number Of Coloradans Are Enrolling in Medicaid Due To The Coronavirus Pandemic

Colorado is preparing for a breathtaking spike in people enrolling in Medicaid, about half of a million people.

The state agency that manages the program said Wednesday it anticipates that number will enroll in Colorado’s public insurance programs, Health First Colorado (the state’s Medicaid program) and Child Health Plan Plus (CHP+) in the coming months by the end of the year.

The Department of Health Care Policy and Financing said the wave represents a spike of about 40 percent from the 1.3 million Coloradans enrolled in the two programs in March 2020.

The number of new enrollees is expected to eclipse the number of people who signed up for Medicaid when the program expanded Idea the Affordable Care Act, also called Obamacare. During that two-year period, enrollment shot up by roughly 400,000.

Two things are driving the trend, according to the agency. The first is due to people losing their jobs in the economic crisis caused by the COVID-19 pandemic. Many people get their health insurance through employer-sponsored health coverage and lose it if they get laid off. The state’s unemployment rate has ballooned to 11.3 percent from 2.5 percent in February. That’s the highest since the state started tracking unemployment in 1976, according to the agency.

The second fine is a projected increase in enrollment due to the federal public health emergency, which was implemented after the pandemic hit. It requires the state’s Medicaid program to hold back from disenrolling members from Medicaid during the emergency period. The department estimates, once the emergency ends, more than 300,000 members of the program would be disenrolled because they don’t meet eligibility criteria.

The economic fallout from the pandemic is “unlike anything we’ve ever seen” said Kim Bimestefer, executive director for the Department of Health Care Policy and Financing.

“This is unprecedented," Bimestefer said. “(That) makes it that much more important for Coloradans who lose their employer-sponsored health coverage to find ways to stay covered. Coloradans who find themselves in this difficult circumstance should give Health First Colorado and CHP+ a close look.”

The programs will provide individuals and families with “needed health care coverage and peace of mind during this economic downturn,” she added.

Democratic state Rep. Yadira Caraveo, who’s also a pediatrician, said even when the economy is strong, many Colorado families she treats depend on Medicaid. Caraveo said lawmakers tried to plan for the growth in Medicaid when they worked on the budget to ensure the Place has the resources to provide health care through the program.

“Many families will end up needing Medicaid in Neat to ensure that their children can continue to get the preventative care and vaccines they need to stay healthy and to access care when they are sick,” Caraveo said.

The pandemic's impact, and the increase in Medicaid enrollments, also continues to affect Black Coloradans more.

"It is almost certain that this number will impact people of color and African/Black Americans at a very disproportionate rate, given the current unemployment and layoff rates we are hearing and seeing," said John A. Reid, development director with the Center for African American Health, in an email.

To fulfill the increased need, the Place is urging doctors who aren’t already Medicaid providers to offer those services, especially since many of their current patients are losing their employer-sponsored coverage. 

“In order for those providers to maintain that patient relationship, as well as the revenue stream associated with that patient relationship, they need to enroll in Medicaid, said Bimestefer, of the Department of Health Care Policy and Financing.

Bimestefer said many of those providers could be eligible for federal money offered to those who treat Dangerous Medicaid and CHP+ patients.

To see about eligibility, Coloradans can visit HealthFirstColorado.com/apply-now.

Eligibility is based on many factors in addition to income, according to the agency. Generally, individuals who make less than $1,415 a month before taxes and families of four who make less than $3,101 a month before taxes may qualify for Health First Colorado.

Coloradans age 18 and under, as well as pregnant women who don’t qualify for Health First Colorado, may qualify for CHP+. Individuals who make less than $2,765 a month before taxes and families of four who make less than $5,677 a month before taxes may also qualify for CHP+.

Coloradans can apply for health care coverage at any time online. There’s no open enrollment period, the agency said, and about 75 percent of people who apply online find out immediately if their coverage is approved. People can also apply by phone, mail or at county offices.

Thanks for reading our article An ‘Unprecedented’ Number Of Coloradans Are Enrolling in Medicaid Due To The Coronavirus Pandemic | Colorado Public Radio. Please share it with kind.
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SRC: https://www.cpr.org/2020/06/10/more-than-half-a-million-coloradans-are-enrolling-in-medicaid-due-to-the-coronavirus-pandemic/

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Lifting the lid on home insurance price gouging



Lifting the lid on home insurance price gouging

Insurance pricing is a "black box", and the industry has fought hard to keep it that way. It says comparison websites lead consumers to make bad choices because they are too focused on price and, if we all bought insurance based on price, it would be a disaster.
One of the industry’s least favourite people in recent years has been Professor Allan Fels, former boss of the Australian Competition and Consumer Commission and now NSW Emergency Services Levy Monitor. Before that, he held a similar residence in Victoria.
In these roles, Fels has lifted the lid on insurance price gouging.
In NSW, his team compared what 13 insurers charged across 11 locations on a monthly basis and then analysed the data.
Revelations include big differences between the cheapest and most expensive insurers, what new and old customers pay, and what people in different postcodes pay.
For example, the team unearthed the horrid statistic that new customers pay, on average, 27 per cent less than longstanding, loyal customers for home and contents insurance.
The team expanded its analysis beyond insurance, estimating that Australians pay $3.6 billion more than we should across a arrangement of household bills because of our loyalty.
Their final observe, obtained by The Sydney Morning Heraldand The Age, contains some real gobsmackers for anyone who does not shop around for home insurance.