Category: Health Insurance

Health Insurance

CI or HUM: Which HMO Stock is Better Placed at the Moment? – May 30, 2023

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The US health insurance industry, more commonly referred to as the Health Maintenance Organization (“HMO”) space, is aided by growing premiums and an expanding customer base within the Government business. An aging US population, the active pursuit of a merger and acquisition (M&A) strategy and a solid financial position are other factors acting as tailwinds for the industry participants.

Health insurers devise affordable health plans and foray deeper into several US communities and keep upgrading these plans with lucrative features from time to time. The beneficial features of the plans continue to fetch several contract wins or renewed agreements for

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5 min read
Health Insurance

Lawmakers press Newsom to spend health insurance penalties

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SACRAMENTO —

When Gov. Gavin Newsom took office four years ago, the Democrats went after Republicans on the national stage as they sought to gut the Affordable Care Act. Key to his ambitious healthcare agenda: reinstating the fine on Californians who don’t have health coverage, which had been eliminated at the federal level.

It was a tough sell for a new governor, and Newsom needed strong allies among state Democratic leaders, who at the time, in 2019, voiced concern about essentially levying a new tax on Californians unable to afford the rising cost of healthcare. Democrats, who, then as now,

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7 min read
Health Insurance

Thousands of Georgians looking for new health insurance coverage

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Friday Health Plans announced this week it is winding down operations in the seven states where it operates, because it is stretched for cash.

ATLANTA — The Georgia Insurance Commissioner’s Office has shut down a health insurance company in the state, leaving tens of thousands of people looking for new coverage.

Friday Health Plans announced this week it is winding down operations in the seven states where it operates, because it is stretched for cash.

Heather Romanowski is one of the nearly 37,000 Georgians who now have until July 31 to find a new insurance company.

“(I’m feeling) panic,” she

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3 min read
Health Insurance

Digital health solutions are transforming the insurance landscape

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Embracing health tech

Travel insurance companies are embracing the adoption of digital health technologies to improve speed, functionality and the ease of use for their customers with wearable devices.

“In terms of customer service, we’re using digital tools to speed up the process for the customer to make a travel insurance purchase, and we also offer an online ‘First notice of loss’ (FNOL) tool that allows customers to go in and enter their claims information,” said James Page, Chief Administration Officer and Head of Assistance and Claims at AIG Travel. “Collection of information from the customer, as well as the

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10 min read
Health Insurance

How Can You Protect Your Children?

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Many of our estate planning clients have children and want to protect their children.

We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog ).

While concerns vary, protecting children is a huge part of estate planning.

When parents have minor children, estate planning is essential. It allows parents to pick guardians for their children. This will ensure that they have peace of mind knowing who will care for their minor children.

This will also prevent court fights over guardianship.

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2 min read
Health Insurance

Workers value paid time off more than health insurance, the survey suggests

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People visit the beach during Memorial Day weekend on May 26, 2019 in Asbury Park, New Jersey.

Paid time off is important to many workers.Kena Betancur/Getty Images

  • More workers said paid leave was extremely important to them than those valuing health insurance.

  • That was one finding of a survey conducted by the Pew Research Center.

  • Almost half of workers who get paid time off don’t usually use up all their allocation, it was found.

Workers appear to value paid time off even more than having employer-funded health insurance, a recent study found.

The Pew Research Center report called “How Americans view their jobs” found 62% of the 5,900 people surveyed felt it’s “extremely” important to have

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2 min read
Health Insurance

Get Affordable Eye Exams and Glasses Without Insurance

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Maintaining healthy eyes is a key part of health care, yet many Americans overlook or put off tending to this important aspect of their health and well-being. According to data from the Centers for Disease Control and Prevention, 93 million adults in the US are at a high risk of developing serious vision loss, but only half of them have visited an eye doctor in the last year.

In many cases, that’s because vision care is too expensive. Roughly half of adults in the US go without vision insurance, which isn’t included in standard health plans. And without insurance, a

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7 min read
Health Insurance

Could You Lose Your Health Insurance If the Debt Ceiling Isn’t Raised?

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Young worried mother working from home stock photo

damircudic/iStock.com

If US lawmakers fail to reach a debt ceiling agreement in time to avoid a government default — something that could happen as soon as June 1 — millions of Americans might see disruptions to their health insurance coverage.

One of the main impacts of a default would be felt by Americans who receive government-run health insurance from programs like Medicare and Medicaid. That’s because many healthcare providers depend on Medicare and Medicaid for revenue, Politico reported — and those programs could see funding cut in the event of a default.

Medicare alone accounted for more than one-quarter (26%)

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3 min read