Health Insurance Increase Under Health Care Reform
Ohio reveals high exchange rates under the Patient Protection and Affordable Care Act, according to this article from BenefitsPro. The state of Ohio just released their projected health insurance increases under the new health care reform. As Hoosiers, we should look at those price increases closely as we may be in the same situation soon. The Ohio […]
Indiana’s New Governor’s Impact on Health Insurance
The next Governor of Indianapolis is going to have a huge impact on health insurance in the state. The first decision the Governor will have to make is on the Essential Benefits. It is the responsibility of each state to form the Essential Benefits. The essential benefits are a set of health care service categories […]
Walgreen’s Back In the Anthem Network
Walgreen’s rejoins Anthems Network Anthem just announced that Express scripts and Walgreen’s have reached an agreement. Anthem members can use the Walgreen’s pharmacy as they will be considered a in network provider. Walgreen’s is a great provider of pharmacy benefit in the area. It is important to remember to check local pharmacies for the most competitive prices on medications. The large pharmacies can […]
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 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 […]
Can I Get Health Coverage for a Child with a Pre-Existing Condition?
There’s good news for children with pre-existing conditions who are below the age of 19. Under the Affordable Care Act passed in 2010, they can’t be denied coverage under group plans and most individual family or child-only policies. This applies even if your child has a potentially life-threatening medical condition like asthma or diabetes. This rule applies to all […]
Rep. Andrews Addresses the MLR
House Dem rips new insurance rule Rep. Robert Andrews (D-N.J.) spoke to the NAHU about the effects of the Medical Loss Ratio on Agents. With the Medical Loss Ratio in the new health care law 80%-85% of premium has to go to claims. That leaves just 20% for the insurance company to spend on administration. HHS chose to […]
Individual Health Insurance and Electric Fund Payments
Most people that have an individual health policy has premium payments set with an electric fund transfer from a bank account. The health insurance industry like many others has really shifted to paperless. In fact if you want a monthly bill mailed it could cost you anywhere from $5-$25. These EFT are good and bad. […]
