State Based Exchange Final Rule
The department of Health and Human Services has release a 644 page document on the rules for a state based exchange. This document is going to have a huge impact on health insurance and health care. At this point no one really has an idea of how a state based exchange is going to look […]
Group Health Insurance For Trucking Companies
Indianapolis small trucking companies can face difficulties providing a group health insurance. There is variety of reason why this is. The biggest obstacle is participation. Many truck drivers will not pay large portions of their premium. This industry can sometimes have higher claims utilization than which lead to higher premiums. The higher premium then […]
Indiana Hospital Delays Construction plans
IBJ reported that Franciscan St. Francis Health plan to build an Emergency room and physician office building is on hold in Greenwood. “This is a result of concerns about the changing environment related to National healthcare reform” The CEO of the hospital was reported saying. The hospital official stated that they have a real concern over […]
Health Insurance under the Health Care Reform
The department of health and Human Services released guidance on two key components that will affect the level of protection a private insurance policy will provide under health care reform. 1st Involves the services the insurance policy must cover 2nd Involves how much the insured must pay for out of pocket services. The services that […]
New Smart Phone App from UnitedHealthcare
Health4Me App Unitedhealthcare is one of the leading health insurance carriers when it comes to technology. They are not always user friendly but this Smart Phone App is really cool. As you know the words cool usually are not in the same sentence as health insurance. This app is to help families […]
Federal High Risk Pool
The current administration reported the federal High-Risk medical plan, is expected to more than double the initial predictions of the Obama administration. The Health Care law set aside $5 billion for the Pre-Existing Condition Insurance Plan (pcip.gov) plan. If you were denied coverage in the individual market and had been without coverage for 6 months you were […]
The Changing Role of Insurance Brokers
The insurance landscape is changing. But the shifts won’t just affect consumers – brokers are also looking at an alteration in the way they currently do business. The new healthcare reform law requires states to create insurance exchanges so people not covered by an employer plan can shop for affordable coverage. Some industry analysts believe […]
What Kind of Coverage Will the Plans Sold Through the Health Insurance Exchanges Include?
The Affordable Care Act (ACA) requires that all health insurance plans sold on state exchanges beginning Jan. 1, 2014 cover ten essential benefits: Ambulatory patient services Emergency services Hospitalization Maternity and newborn care Mental health and substance use disorder services, including behavioral health treatment Prescription drugs Rehabilitative and habilitative services and devices Laboratory services […]
What Are Potential Drawbacks of a High-Deductible Health Plan (HDHP)?
One significant downside to a high-deductible health plan (HDHP) is that you’re responsible for paying everything out-of-pocket until you reach your deductible (which typically ranges from $1,000 to $5,000 on these plans). You’ll pay 100 percent of the cost of prescriptions, doctor visits and emergency room visits. You’ll also pay for the cost of surgeries and out-patient […]
What is a High-Deductible Health Plan (HDHP)?
A high-deductible health insurance plan can provide affordable coverage for unexpected major health and medical expenses. Essentially a form of catastrophic insurance, these plans charge a high annual deductible – from $1,000 to $5,000 and higher – in exchange for lower monthly premiums. You’ll have to pay out-of-pocket costs for routine doctor’s office visits or trips to the […]
