According to the article “Three Insurers Won’t Drop Adult Children on Parents’ Policies” by Duke Helfand on latimes.com, WellPoint, Humana One, and UnitedHealthCare are extending health insurance coverage until the new health care reform bill kicks in. Under current circumstances, many college students graduating from college lose their health insurance protection through their parents and [...]
Based solely on national market share, the “top” (i.e. largest membership base) Medicare Supplement providers in the country in 2008-2009 were as follows: 1. United Healthcare (driven by AARP contract) 29% market share 2. Wellpoint 8% 3. Mutual of Omaha 6% 4. Health Care Services Corp. 5% 5. Conseco 4% As you can see, the [...]
Anthem Blue Cross is delaying their proposed rate increase to their California individual health insurance customers after much criticism, and a request by the California Department of Insurance. The proposed health insurance rate increase would have raised monthly premiums for some members by as much as 39%. According to Anthem the rate increase represents anticipated [...]
In what has been a roller coaster for all those involved and interested, the Wall Street Journal reports that the health overhaul bill once finalized need not include a Government-run health insurance option as long as other parts of the bill would fulfill the same goals. However, one thing that will be required from the [...]
According to a recent research report written by Debra A. Donahue of Mark Farrah and Associates, the individual health insurance marketplace is growing. As of the end of Q2 2009, national individual health insurance enrollment totaled about 9.7 Million, up from about 9.6 Million from the previous year. This enrollment does not include those individuals [...]
Wellpoint has joined the health care reform fray, opposing the “public plan” backed by Obama and the Dems. In the first quarter of 2009, Wellpoint spent over $1.2 Million lobbying the Federal Government and getting their message out. In addition, the Wellpoint Institute of Health Care Knowledge, recently released a report to dispell the notion [...]
Young healthy adults are attractive targets for health insurance companies. Consequently some insurers tailor affordable health insurance plans at this segment of the population with individual health plans between $40 and $70 per month. Two health insurers who offer such products are Aetna (Bodyguard) and Wellpoint (Tonik). Keep in mind in order to keep monthly [...]
Kevin Kingsbury from the Dow Jones Newswires reports that the Centers for Medicare and Medicaid Services have forbidden WellPoint from adding new members to its Medicare plans. Compliance problems were discovered in separate audits. As of January 13th, WellPoint is suspended from selling Medicare Advantage (hospital and physician coverage under a private plan) and Medicare [...]
Reuters is reporting that Healthbase Online, a medical tourism facilitator, is engaged in a pilot program with Wellpoint to provide global health care coverage to Wellpoints members in Wisconsin. Healthbase’s involvement in the pilot involves setting up all the medical & travel logistics. Under the Wellpoint program, members who choose to have non-emergency elective procedures [...]
Jill Brown, the Managing editor of AIS Health.com, wrote a report about how Blue Cross Blue Shield (BCBS) member health insurance plans have been launching new individual health insurance products that are in line with new state mandates that are designed to make individual health insurance more affordable. The underlying theme is that the weak [...]
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