Small Group Employees Gaming Health Insurance
Small group health insurance can be difficult. The last few years has created a lot of shifting on to the employee in both cost and risk. This has mainly been because of the price of health plans and the economy. If small a company revenues are off its difficult for them to absorb a rate increase on […]
Health Savings Accounts
This will be the 7th year since Health Savings Accounts have been available. We have seen a few different plan designs since inception but the principles have stayed the same. The Health Savings Accounts in Indiana have been much more popular than other states. There are few theories on why this is but I think […]
Update On Health Insurance
As we enter the 4th quarter of 2010 we have seen major changes in health insurance. Most of this is do to the health care reform. In the individual health insurance markets we have seen a decline in carrier competition. There are less plans to choose from and this is a direct result of health […]
Indiana’s State Government Lowers Expected Cost of Health Care Reform
A new estimate has lowered the expected cost of the federal health care overhaul to Indiana’s state government to perhaps $2.6 billion over the next decade — $1 billion less than an initial projection made last spring. With health care reform we are going to see an expansion of medicaid. This expansion is going to […]
Indiana Small Group Health Insurance Max Loads
In the past few years I have seen an alarming trend of max loaded small group health cases in Indiana. Under the laws a group plan has to be taken by a carrier (guaranteed issue) but the premium can be almost doubled. We are seeing about 75% of small group health plans (under 50 lives) […]
Indiana Health Care Reform
September 23rd has shown us the first phase of health care reform. We have mass confusion on how the law would effect current health plans. This health care reform was written without taking in to consideration things like math. The health care reform sounds warm and fuzzy but now we are witnessing what happens when […]
Insurance premiums rise for employees in 2011
Workers are expected to pay more for health care coverage in 2011 than in 2010 as part of the steepening rise in premiums and employees’ share of the cost. Experts say that increase could keep workers from getting the care they need. The average cost of group health insurance coverage is expected to rise 8.8% […]
Obama administration Granting Dozens Of Waivers
The Obama administration has granted dozens of waivers to companies so they do not have to comply to the health care reform. McDonald’s released a statement that their current health plan to the hour employees would not meet the health care reform requirements. So the administration granted them a one year wavier reported by the […]
Principal Financial Group Pulling out of Health Insurance
UnitedHealthcare has entered into an agreement to renew medical insurance coverage for The Principal‘s commercial medical plan customers. Here is the news release about the agreement and The Principal’s plans to exit the medical insurance business. UnitedHealthcare will offer The Principal’s customers broad access to quality care with one of the largest local and national care provider […]
The First Negative Effect of Health Care Reform
As we enter the 6 month mark of the passing of the health care reform we are witnessing the first negative impacts. This week, almost every big insurance company in America—including Aetna, Cigna, UnitedHealth Group, WellPoint, Humana, Coventry, some Blue Cross Blue Shield affiliates and others—stopped writing “child-only” policies in the individual market. This is […]
