health life insurance

Health insurance is getting cheaper, inflation report claims

sarah18/03/2023 18 Views

Great news! Did you know that health insurance premiums fell 4.1% last month, and are down nearly 5% from a year ago?

Neither did we. But that’s what the government estimates in the latest official inflation calculations, out Tuesday.

So confirmed the US Department of Labor to MarketWatch.

Technically the government green eyeshadows aren’t claiming that actual premiums fell 4.1%, only that the government’s health insurance premium “index” fell that much, a department analyst explained. The index is what they use to calculate the overall rate of consumer inflation.

Confused? Us too.

The explanation: Based on the insurance company’s profits,

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4 min read

Health Insurance

All About IRS Form 8962 and Calculating Your Premium Tax Credit

sarah14/03/2023 27 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

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8 min read

Health Insurance

Harness potential of workplace health insurance to help boost the economy, says the body industry

sarah14/03/2023 45 Views

The ABI has called on the Government to cut the rate of IPT on health insurance to make it easier for employers and individuals to purchase it and help people return to the workplace.
New research reveals that seven out of ten people (69%) would consider using independent healthcare if it was offered as an employee benefit.*

Ahead of the Spring Budget, the Association of British Insurers (ABI) has called on the Government to cut the rate of Insurance Premium Tax (IPT) on health insurance.

Ill health is increasingly responsible for people leaving the workforce, and take-up of health insurance

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3 min read

Health Insurance

It’s past time to end COVID health insurance subsidies

sarah02/03/2023 52 Views

OPINIONS:

Three years on, a lingering and substantial cost of the COVID pandemic is reflected in recent health insurance enrollment data.

No, I don’t mean the cost to patients. I’m talking about the cost to taxpayers. And no, I’m not referring to government spending on COVID vaccines and treatments. Rather, I’m talking about the much larger cost of the “temporary” increases in federal health insurance subsidies.

When COVID emerged in early 2020, the panicked response of most government officials, both at home and abroad, was to impose restrictions and lockdowns. Essentially, governments reacted to COVID by slamming the brakes on

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4 min read

Health Insurance

Retirements take to the streets in China to protest health insurance cuts

sarah27/02/2023 34 Views

Hong Kong – Retirements in the central Chinese city of Wuhan and the northeastern city of Dalian took to the streets last week to express their outrage over the local government’s curtailing of medical insurance coverage.

Photos and videos of demonstrations circulating online show crowds of senior citizens gathering in various areas of the two cities, including a local hospital and park in Wuhan and a public square outside a district government building in Dalian. Some demonstrators can be heard singing “The Internationale.” A heavy police presence is seen in several video clips, but it remains unknown whether the police

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2 min read

Health Insurance

Expecting? The ‘birthday rule’ could determine if you or your partner’s insurance company pays

sarah12/02/2023 21 Views

HIGHLAND PARK, Calif. (KABC) — If you and your partner are starting a family, and both of you have different health insurance plans, be aware.

There is a little known “birthday rule” that decides who pays for a baby’s delivery and first month of life.

One Highland Park couple was blindsided and ended up owing thousands of dollars all because one of their birth dates came before the other.

Bowie Tinio, who’s a strong and healthy 20-month-old now, was severely anemic at birth.

“He was probably losing blood in the womb,” said Bowie’s father, Mike Tinio.

“It was a complicated

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3 min read

Health Insurance

End of pandemic-era policy presents dilemmas for millions of Pa. Medicaid, CHIP recipients

sarah10/02/2023 29 Views

For 3.6 million Pennsylvanians enrolled in Medicaid, the next few months will be a race against the clock to keep their health insurance coverage or a scramble to find a new option.

During the pandemic, Pennsylvania and other states were able to continue Medicaid and Children’s Health Insurance Program (CHIP) coverage for most recipients through the covid-era Families First Coronavirus Response Act, even if they no longer met eligibility requirements.

But, because of a federal law passed in December, that extension is set to end April 1, meaning all Medicaid and CHIP recipients will need to complete an annual renewal

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7 min read

Health Insurance

Aditya Birla Health Insurance unveils the New Health Normal report

sarah09/02/2023 16 Views

The report shows that health insurance awareness has increased in the past few years and more people are investing in health insurance with each passing year

Aditya Birla Health Insurance Co. Limited. (ABHICL), the health insurance subsidiary of Aditya Birla Capital Limited (ABCL) unveiled The New Health Normal report. As a key player in the health ecosystem in India, ABHICL undertook the survey, designed to identify the key changes in consumer behavior from a health perspective. This research was conducted with 6600 respondents across 19 key cities covering the length and breadth of India.

The rise in uncertainty and anxiety

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3 min read