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Get health insurance quotes to avail a cheap policy!

March 18, 2013March 15, 2014 Guest Author

Healthy lifestyle helps but so does a cheap policy Life has gotten so fast-paced that we seldom have the luxury of time to include exercise. A few health enthusiasts, although, always manage time for exercise, thus keep a fine shape. Lack of exercise makes us more vulnerable to some common illness like high blood pressure, blood sugar, arthritis etc. And then, attack of serious illness can’t be predicted in advance. The best course of action for us is to adopt some proactive measures so that we get a feel of…

Health insurance rules from healthcare reforms generate $1.5 billion in savings

December 7, 2012December 6, 2012 Julie Campbell

Regulations put into place from the system wide overhaul have customers spending less. The results of a study by the Commonwealth Fund, a research institution, have now been released, indicating that the health insurance rules that have been put into place by the healthcare law reforms have caused system wide improvements in efficiency that saved Americans almost $1.5 billion last year. The law’s provision says that insurers must spend at least 80 percent of collected premiums on medical care This is the case among insurers selling plans to individuals and…

Health insurance plans often place a large amount of expense on customer shoulders

October 6, 2012October 6, 2012 H. Cutner

Lower premium policies are leading to high costs that can be financially crippling. A first of its kind American health insurance analysis of over 6,000 plans that are geared toward families and individuals has shown that the majority of people who enroll in them are at risk of facing tremendous out of pocket medical expenses that could cause them to face financial ruin. Plans that feature lower monthly premiums often have high limitations to the coverage they provide. For this reason, it is not uncommon for people to face enormous…

Catholic Health to provide new health insurance plans

October 5, 2012October 5, 2012 Nordstrom

Catholic Health announces new insurance options for businesses New York’s Catholic Health, along with its affiliated health care professionals and Independent Health, has announced that it will begin offering new health insurance options next year. These options are being designed to low the premiums associated with certain types of coverage and narrow the organization’s health care network. Other insurance groups throughout the U.S. are adopting similar initiatives in order to adapt to the changes being made by the Affordable Care Act. New plans part of response to business concerns Catholic…

Minnesota making significant progress on its health insurance exchange

April 10, 2012April 10, 2012 S.Vagus

Minnesota health insurance moves ahead with exchange system. Minnesota is making significant progress on establishing its health insurance exchange system. The state has determined that it will continue building an exchange despite the uncertain future of the Affordable Care Act. The federal health care law requires each state to build its own exchange by 2014 or risk losing control of the exchange effort to the federal government. Though the state is committed to building an exchange, the burden of the process falls on the Minnesota Department of Commerce instead of…

Medical loss ratio provision could have saved Illinois residents millions according to Commonwealth Fund report

April 9, 2012April 9, 2012 S.Vagus

Health care reform medical loss ratio study The Commonwealth Fund, an independent foundation based in New York that researchers health care policies, has released a new report concerning the medical loss ratio (MLR) provision of the Affordable Care Act. The MLR provision requires insurance companies to spend no less than 80% of the money they collect from premiums on improving medical care. If insurers cannot meet this standard, the money must be returned to policyholders. The provision took effect in 2011, but has been mired in litigation and bureaucracy, which…

California insurance regulators clash with Aetna over insurance rate hikes

April 7, 2012April 6, 2012 Marc

California health insurance industry go head to head with regulators Aetna Life Insurance has raised the health insurance rates for small employers in the state of California this month. The company has plans to raise rates by an average of 8% for this sector each year. The plan has struck a chord with the state’s insurance regulators, with Insurance Commissioner Dave Jones accusing the company of being unreasonable. According to the state’s Department of Insurance, Aetna’s health insurance rates for small businesses will jump by more than 30% over the…