Tag: health insurance plans

Health Insurance

Average costs and how to finance them

Violin 68 Views

Health insurance can take away some of the sting of medical bills, but even with insurance, many necessary healthcare events can involve large out-of-pocket costs. The latest data published by Peterson-KFF, found that out-of-pocket healthcare spending increased by 10.3 percent, year-over-year — a trend that’s likely to continue as prices soar thanks to high inflation.

If healthcare costs get too high for you to comfortably afford, you may need help financing out-of-pocket costs. Some possible options include using a personal loan to cover additional expenses or even a debt consolidation loan to combine multiple debts.

Healthcare costs statistics

Dollar Coins

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7 min read
Health Insurance

Consequences of Traveling Without Health Insurance – This Tiktoker Learned Them the Hard Way

Violin 43 Views

TikToker Kaleah Salmon was on a skiing trip in the French Alps when she learned the consequences of traveling without travel health insurance the hard way.

On one of the days, the Salmon woke up with her face fully swollen and had to rush to the doctors immediately who were struggling to find out what she had.

She later shared a video on the experience on her TikTok account, which has 10.1k followers. The video immediately went viral, reaching an audience of 5.3 million viewers, reports SchengenVisaInfo.com.

“Everyone: You should really get travel health insurance. Me: Well, I’m healthy,

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3 min read
Health Insurance

Zero waiting period: Why are insurers denying customers this benefit?

Violin 50 Views

Health insurance is a critical protection coverage for individuals and families to mitigate their financial burden against healthcare expenses. However, most health insurance plans come with terms and conditions stated in the policy document. ‘Waiting period’ is one such term that many insurance companies incorporate in their health plans. The implication: such insurance policies do not come into effect immediately after its purchase. It also means that a policyholder can make a claim only after the waiting period is over. Insurers incorporate different waiting periods in their plans, starting from a 30-day initial waiting period for all non-accidental claims and

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4 min read
Health Insurance

3 Important Ways Pet Insurance Differs From Human Health Insurance

Violin 71 Views

Key points

  • Pet owners can buy insurance to cover vet visits for their animals.
  • Pet insurance has some important differences from human health insurance.
  • One of the biggest differences is pet insurance doesn’t have to cover pre-existing conditions.

Pet owners buying coverage must make sure they know exactly how pet insurance works — including the ways in which it differs from the health insurance humans get.

While both human and pet insurance coverage are meant to ensure that an illness doesn’t empty out a bank account, the differences between the two types of policies can have a major financial impact.

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3 min read
Health Insurance

Points to keep in mind while buying health insurance for parents

Violin 105 Views

India has a great demographic advantage – we are a nation of youngsters, with about 65% of Indians below the age of 35 years. Our bright youngsters are making great strides in all areas and are contributing to the growth story of the country. However, to pursue better education and job opportunities, more and more young Indians are now staying away from their hometowns. One of the ever-pressing worries of these youngsters is the well-being of their aging parents, and among the top concerns is how to handle the situation if their parents have a medical emergency. The insurance industry

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6 min read
Health Insurance

Health insurers say they cannot meet Colorado Option price targets

Violin 57 Views

Preparing to enter its second year, one of Gov. Jared Polis’ signature health care policy is now facing significant questions raised by insurers about its sustainability.

The dispute has to do with a health insurance program called the Colorado Option. The Colorado Option is a first-of-its-kind, state-designed insurance plan that private insurance companies are required to sell to people who buy health insurance on their own or to small companies buying insurance for their employees. It aims to offer better benefits at lower prices.

But the new rate filings raise the question of whether insurers will be able to pull

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8 min read
Health Insurance

Oscar Health Stock Soars Because Aetna’s Former CEO Is Taking the Wheel

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Credit Suisse analyst Jonathan Yong said he was upbeat about the news.

Gabby Jones/Bloomberg

A leadership announcement sent shares of health insurance company

Oscar Health

flying on Tuesday.

Oscar (ticker: OSCR) said that Mark Bertolini, the former chairman and chief executive officer of Aetna, would assume the role of CEO effective April 3. The current CEO, Mario Schlosser, will become president of technology.

Management also confirmed its financial forecasts for 2023.

“While the CEO transition does not alter the company’s near-term trajectory, the addition of a seasoned managed care executive is welcome and provides a stable hand to

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2 min read
Health Insurance

Your Health Insurance Plan Could Make This Fitness Expense Cheaper

Violin 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

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4 min read