health insurance market

How Many Uninsured Are in the Coverage Gap and How Many Could be Eligible if All States Adopted the Medicaid Expansion?

Violin05/04/2023 77 Views

The end of the Medicaid continuous enrollment provision in March 2023 and the resumption of Medicaid disenrollments after a three-year pause during the pandemic are likely to refocus attention on gaps in Medicaid coverage in the ten states that have not adopted the Affordable Care Act’s (ACA) ) Medicaid expansion as of March 2023. During the pandemic, Medicaid enrollment increased and the uninsured rate dropped in large part due to continuous enrollment. Once Medicaid disenrollments resume, the number of people who are uninsured is expected to increase and could rise more steeply in non-expansion states. In expansion states, because all

…

10 min read

Health Insurance

Your Health Insurance Plan Could Make This Fitness Expense Cheaper

Violin26/03/2023 51 Views

Don’t pay for a gym membership before checking to see if your health insurer offers a discount.

Key points

For many Americans, health insurance is a costly but necessary monthly expense.
If you have health insurance, you may not know about some valuable perks that are included in your policy.
Some health insurers offer free or discounted fitness memberships to customers.

If you’re an American paying a high premium for health insurance coverage, you’re not alone. Thankfully, your health insurance plan may carry more value than you realize. Some insurers offer health and wellness perks that can add value to

…

4 min read

Health Insurance

Sick days perk for Wisconsin lawmakers targeted

Violin22/03/2023 38 Views

MADISON, Wis. (AP) — A perk that allows Wisconsin state lawmakers to apply the value of unused sick days to pay for health insurance premiums upon retirement is being targeted for elimination under a new bill.

The proposal circulated Wednesday by three Republicans would end the benefit of going forward, but not take away accrued time for current lawmakers.

Members of the state Senate and Assembly currently receive about 10.5 sick days per year. Unused days accumulate and upon retirement convert to a credit that can be used to pay for the state’s retiree’s group health insurance premium.

According to

…

2 min read

Health Insurance

All About IRS Form 8962 and Calculating Your Premium Tax Credit

Violin14/03/2023 55 Views

With Form 8962, you are reconciling the tax credit you are entitled to with any advance credit payments (or subsidies) for the tax year. The size of your tax credit depends on the cost of available health insurance, your family size, where you live and your address. A financial advisor can help you optimize a tax strategy for your financial needs and goals. Read on for more essential information about Form 8962.

What Is Form 8962?

The purpose of Form 8962 is to allow filers to calculate their

…

8 min read

Health Insurance

How Can I Preserve Wealth for Future Generations?

Violin17/02/2023 60 Views

Some of our clients are interested in preserving wealth for future generations, and in that instance, we sometimes recommend starting a family bank.

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 click here).

A family bank is an estate planning tactic to help preserve wealth for generations to come. They can be structured in a variety of ways to meet that family’s needs, however, they are intended to help benefit a group of family members.

If our clients give their

…

2 min read

Health Insurance

Wuhan, China: Elderly residents protest health insurance cuts

Violin16/02/2023 136 Views

Hong Kong
CNN
—

A protest broke out in central China’s Wuhan on Wednesday as elderly residents showed their discontent with a local government reform to public health insurance that came into effect earlier this month.

Photos and videos of the demonstration in Wuhan circulating on social media and seen by CNN show a large crowd of elderly people gathering in front of a city center park to express dissatisfaction with a cut in their medical benefits.

In some footage, the crowd can be heard singing the unofficial protest anthem “The Internationale.”

Police and government officials have yet to comment

…

3 min read

Health Insurance

Aditya Birla Health Insurance Promotes Healthy Lifestyle by Rewarding Customers

Violin13/02/2023 74 Views

Aditya Birla Health Insurance, in collaboration with Dentsu Creative, looks into a new way to maintain the health of its customers by launching ‘Health Returns’.

The health insurance company urges its customers to live a healthy life, and promises to deliver returns on that commitment. Giving a 100% premium back, the company supports their customers at every stage of their journey towards living a healthier lifestyle such as guidance on nutrition, fitness, and lifestyle the insurance company also promises additional benefits like access to hospitalization across 10,500+ hospital networks and a 94% claim settlement ratio.

The company demonstrates this via

…

3 min read

Health Insurance

When is the 2023 Covered California health insurance deadline?

Violin06/02/2023 49 Views

Sacramento Vice Mayor Eric Guerra and Covered California leader Jessica Altman made a last-chance appeal Wednesday to roughly 200,000 uninsured residents in the Sacramento region to sign up for health insurance before open enrollment ends Tuesday.

Many locals are paying $10 or less in monthly health insurance premiums for policies through Covered California, and that deal is still available for others, Altman stressed at a news conference on the west steps of the Capitol.

Guerra said: “I know personally how critical it is to have a healthy family, and you can only have that when you have health coverage that

…

3 min read