Live Insurance News

Family goes viral with travel insurance caution following nightmare vacation

January 11, 2023January 10, 2023 G. Turner

A motorcycle crash in Thailand left a family crowdfunding for medical costs despite their policy. The day after Christmas, a UK man named Adam Davies was in a motorcycle accident in Thailand and, despite his travel insurance, is now facing massive medical bills due to his serious injuries including a fractured skull. Though he had a policy, the massive medical costs he incurred were not included in his coverage. When Davies consulted with his travel insurance to help pay for the hospital bills that were accumulating for his care, he…

93 Percent of employees content with their health insurance plans

January 3, 2023December 21, 2022 Logan B.

The vast majority of workers are happy with the employer sponsored coverage they’re receiving. Most Americans are content with the employer-sponsor health insurance coverage they have and identified it as the most important benefit that they can receive from an employer, according to a Seven Letter Insight poll conducted on behalf of the Protecting Americans’ Coverage Together (PACT) campaign. The survey included the participation of 2,334 respondents covered by employer-sponsored plans. The health insurance poll took place between November 14 and November 19, 2022. The coverage was identified as the…

Insurance costs associated with war in Ukraine higher than Iraq war

October 24, 2022October 21, 2022 H. Cutner

Industry sources are saying that coverage is now more expensive and more challenging to organize. Insurance costs associated with journalists, humanitarian workers, engineers and other people traveling to Ukraine are now more expensive and tougher to organize than was the case during the Iraq war. A growing number of insurers have started working their way into providing coverage for this destination. Though insurers had initially been hesitant to provide coverage immediately after Russia invaded Ukraine in February, several have started easing back, according to industry sources. That said, insurance costs…

Health insurance benefits are keeping a third of workers from quitting

October 28, 2021October 27, 2021 Nordstrom

The Policygenius annual survey found a third of employees stay put because of their coverage. In a trend being dubbed the “Great Resignation”, health insurance benefits are holding about one in three workers in their current positions. The coverage is important enough to workers that they stay where they are instead of changing workplaces. The survey showed that 33 percent of full-time and part-time workers would be very or somewhat likely to quit their current jobs soon if it wasn’t for their health insurance benefits. Furthermore, over one quarter (26…

Almost 27M Americans lost job-based health insurance, says Kaiser Family Foundation

May 14, 2020May 13, 2020 G. Turner

Job-based health insurance - Man studying graph on tablet

The employer sponsored coverage has been plummeting due to pandemic related layoffs. Almost 27 million people across the country may no longer have their job-based health insurance, says a new report from the Kaiser Family Foundation. This report pointed to the widespread layoffs occurring as a result of the coronavirus pandemic as the cause. The report, released on Wednesday, underscored a substantial problem in medical coverage. Many of those who have lost their job-based health insurance now find themselves uninsured. That said, less than half – about 12.7 million people…

Millions of Americans are losing employer sponsored health insurance plans

May 12, 2020May 8, 2020 H. Cutner

Employer sponsored health insurance - stethoscope - heartbeat monitor - glasses - pills

As workers across the country have been laid off, they’ve also been losing their medical coverage. Employees across the country who had been enjoying employer sponsored health insurance are suddenly finding themselves without a plan as the coronavirus causes millions of layoffs. In many states, the rates of uninsured residents are jumping from single to double digits. As though losing a job wasn’t enough as pandemic prevention efforts continue to hold in place, many Americans who had been covered through employer sponsored health insurance are losing their coverage, too. This…

US voters want to keep private health insurance and expand Medicare

September 25, 2019September 24, 2019 H. Cutner

Most Democratic voters are drawn to Medicare for All but may challenge the party in 2020. Private health insurance and other components of healthcare reform have been a central issue among Democratic presidential candidates. Those politicians have been pitching their own versions of Medicare and medical coverage which may make things somewhat more complex for the candidates in 2020 according to a new Wall Street Journal and NBC news poll. Two out of every three voters support opening Medicare coverage up to anyone who wants to buy in. This is…