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Health Insurance

An Insurance Leader Is Making Addiction and Mental Health a Focus for CEOs

sarah10/03/2023 19 Views

Mary Nasenbenny, an exec at The Hartford, oversees all claims at the insurance giant.
She and CEO Chris Swift are working with employers to help workers with mental health and addiction.
In an Equity Talk, Nasenbenny talks about how mental health and addiction are DEI issues.

Most interviews I do around diversity, equity, and inclusion leave a mark on me. But this one cuts deeper.

Mary Nasenbenny is the chief claims officer at The Hartford. She

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7 min read

Health Insurance

How Much Is Life Insurance?

sarah08/03/2023 17 Views

Some companies, such as Progressive Life Insurance, don’t underwrite policies directly but make policies available through other insurers.

Factors Influencing Cost

Type of Policy

Since permanent life insurance policies are designed to last your entire life, they’re more expensive than term policies. In fact, a permanent policy premium can cost up to 10 times that of a term policy for the same amount of coverage (see chart above). Generally, whole life insurance has the highest premiums of permanent policies, while universal life insurance is more affordable—both are intended to cover you as long as you’re alive, but whole life insurance

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8 min read

Health Insurance

What is the Cost of a Data Breach?

sarah08/03/2023 20 Views

A recent study found that the total average cost of a healthcare breach is $10.10 million. Can your healthcare practice afford a breach?

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Can your healthcare practice afford a breach? Most healthcare entities cannot.

Since 2020, healthcare breach costs have risen by 42%.

As we know healthcare breaches are incessant, it is important to understand trends.

The trends that have emerged over the past few years are:

Repeat attacks

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3 min read

Health Insurance

GMHBA Shows the Honest Reasons We Need Health Insurance in New Brand Campaign via Howatson+Company

sarah07/03/2023 22 Views

GMHBA Health Insurance has launched their latest brand work via Howatson+Company to show Australians that they’ll protect their members, for the life they choose, and the one they don’t.

The campaign, shot by award-winning director Matthew Thorne of Pool Collective, shines an empathetic light on the stories of everyday Australians in a way that’s not often represented in the category. From growing faster than they had planned, to those families who might be more fragile than they look.

Helen Stevens, Chief Marketing Officer at GMHBA, said, “It was really important that we created a campaign that expressed who we are

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2 min read

Health Insurance

3 Things You Should Know About Irrevocable Trusts

sarah03/03/2023 19 Views

A trust is an estate planning tool that allows a person to control their assets during their lifetime and make provisions for incapacity and death.

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).

One thing you should know about irrevocable trusts is that, unlike revocable or living trusts, irrevocable trusts cannot be changed or amended. They are set in stone.

A second thing that you should know about irrevocable trusts is that they have significant advantages, and

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2 min read

Health Insurance

It’s past time to end COVID health insurance subsidies

sarah02/03/2023 54 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

Elon University dean of students talks Student Blue, a new health insurance option coming to campus next fall

sarah26/02/2023 14 Views

Elon University will partner with Student Blue to give students another health insurance option for the upcoming academic year, according to Dean of Students Jana Lynn Patterson. The new program will give students the option to purchase their own insurance or remain on personal coverage plans starting in the fall.

Full-time students are eligible to purchase the plan for approximately $1,300 each semester and graduate students are eligible to purchase the plan for approximately $1,900, according to Patterson. All students will be “opted in” to the plan and will have to submit a waiver to “opt out” and avoid being

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8 min read

Health Insurance

Even with health insurance, many Oklahomans face barriers to mental health care

sarah22/02/2023 18 Views

A Healthy Minds Policy Initiative study found that barriers to mental health care mean many Oklahomans are either going without or paying high prices for out-of-network services.

The study found the vast majority of mental health providers in the state are out of network with most insurance plans. Companies with the broadest networks only included about 30 percent of the state’s providers.

The study’s authors write that when insurance companies provide members with directories of potential providers, they tend to be faulty. Most listings are unreachable, often because the phone number listed has been disconnected.

“The effects of poorly resourced

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2 min read