ADP research shows that health insurance costs are high for New Jersey residents New research from Automatic Data Processing (ADP), a payroll processor and benefits administration firm serving the U.S. insurance industry, shows that New Jersey residents that work for large companies pay more for their health insurance than those in other states. The research suggests that even consumers in other states that work for the same company as their New Jersey counterparts have lower out-of-pocket expenses when it comes to their health insurance coverage. The new research highlights a…
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Health insurance in New Jersey is most expensive at the biggest organizations
A new study from ADP has found the it is the large companies that pay the most for coverage. The results of the latest research by Automatic Data Processing (ADP) have been released in a recent report, which has indicated that it is the residents of New Jersey who work for large businesses that typically pay the highest amount for their health insurance premiums. This is the case in New Jersey more than in any other state, said the ADP study. The research showed that the average New Jersey employee…
Read MoreHealth insurance to be offered to Costco members by Aetna
The insurer has now unveiled a new program for individual coverage in California. Aetna has just announced the unveiling of a new health insurance program in California through which they will be offering individual plans to members of Costco. This program is geared toward meeting the needs of Costco members in an affordable way. The coverage is called the Costco Personal Health Insurance program. It includes five different types of plans, which are broad major medical benefits, a number of assistance services, a large provider and hospital network, dental options,…
Read MoreHealth insurance savings on its way for residents of New York
Those living in the state will be saving over $500 million on coverage premiums this year. Andrew Cuomo, the Governor of New York state, has just announced that the new power that has been given to the state to limit the increases in health insurance rates is already showing its benefits to the residents of the state. The state has limited a number of increases that insurers had proposed within the state. Cuomo said that this year alone, New Yorkers will not have to pay the over half a million…
Read MoreInternational insurance news from China shows rural medical coverage boost
Health plans for residents of areas outside of urban and suburban zones will receive larger government subsidies. On Monday, China made international insurance news with its latest announcement from the health minister of the country, Chen Zhu, which stated that the government of the nation would be increasing the subsidies that it provides to the medical coverage available to rural residents in 2013. The annual subsidy will be increased by an average of 40 yuan per person. The government subsidy that will now be available to rural residents in this…
Read MoreHealth insurance decisions will need to be made by businesses
There is now less than a year for companies to decide on the employee benefit options they wish to provide. With New Year’s Day behind us, there is now less than one year before the heart of the healthcare reforms go into effect, causing companies to need to take a serious look at the health insurance benefits that they intend to offer once January 1, 2014 comes around. The overhaul to the system and the coverage laws will reshape the way American employers offer benefits. After the healthcare reforms go…
Read MoreHealth insurance coverage now available for orphans in China
A Chinese state media report has announced that almost 30,000 children are now on a limited plan. A recent report from a media report in China has revealed that nearly 30,000 orphans now have health insurance coverage for the treatment of a dozen different critical diseases. These children come from a number of provinces and will how have some medical protection. The Chinese orphans affected by this new health insurance plan are located in the provinces of Hainan, Fujian, and Liaoning, in addition to the autonomous regions of Ningxia Hui…
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