It has become an increasingly common problem that people are purchasing individual health insurance plans believing that they have sufficient health insurance coverage only to find out later that their health plan is chock full of loop holes, exclusions, limitations that make it difficult to realize full protection in the case of a severe accident, [...]
Archive for the ‘high-deductible health plan’ Category
Do You Have Enough Health Insurance? Resources To Help Underinsured
If you have health insurance, either through an employer or one of the many individual health plans, it’s possible that you still don’t have enough coverage! Roxanne Patel Sheplavy exposes the new health trend in the February 2009 issue of Fitness magazine: more Americans than ever are underinsured. The Commonwealth Fund defines being “underinsured” as spending [...]
COBRA Alternatives For Your Individual Health Insurance
While COBRA is helpful as individual health insurance to those who have been laid off, it is temporary and far more expensive than employer-sponsored health insurance, says Enhanced Online News. Even though the economic stimulus package proposes to pay up to half the cost of COBRA premiums for one year, one of several alternatives may [...]
ICHIP: Last Resort For Illinois Health Insurance
Judith Graham from the Chicago Tribune recently wrote about the Illinois Comprehensive Health Insurance Plan, and its coverage for those individuals unable to buy Illinois health insurance elsewhere. There is a cap on the number of people that can enroll (currently almost 6,000) in order to ensure that its costs are fully covered by state [...]
5 Tips For Baby Boomers Losing Health Insurance
The baby boomer generation (ages 45 to 64) is worried about losing their health insurance, and the current economy is even more cause for concern. Many baby boomers have been either laid off or forced to retire early, and with that comes the loss of their employer sponsored health insurance plan. Meanwhile, they’re not yet [...]
Georgia Health Plans Get Tax Breaks
Several new Georgia state laws become law as we ring in the new year today. Among these new laws is one which will eliminate both state and local taxes for Georgia health insurers who offer high-deductible health insurance plans. The tax break will save insurance companies an estimated $146 Million over 5 years. The idea [...]
Employees Pay Higher Health Insurance Deductibles
(Lisa Girion, Los Angeles Times) Individuals with employer-provided health insurance now pay, on average, over $1,000 in deductibles. That is an increase of over 17% from last year, when they paid $859. Employees with preferred provider organizations (PPOs) are primarily affected, as well as those working for small businesses. Employers are increasing deductibles in order to [...]
Selecting a Health Insurance Plan
Things you should consider when shopping for a health insurance plan for you and your family. Make sure your family doctor or any specialists that you typically use or plan to use in the future are in the network. Co-pays and co-insurance percentages will be higher to utilize service from out of network doctors. Some [...]
BCBSA President Discusses Health Care Proposal
In an interview with Scott Serota, President of the Blue Cross Blue Shield Association (BCBSA), discussed the recently adopted 4-point health care proposal that was adopted by the BCBSA board of directors. Serota said that one of the goals that the BCBSA is seeking to achieve is to ensure that health care costs do not [...]
High-Deductible Health Plans For Wisconsin Residents
Members of Wisconsin’s Health Insurance Risk Sharing Plan (HIRSP) will experience either no rate increase or a single-digit increase to their health insurance rates in 2009 as a result of changes made to the plan, such as offering high-deductible health plan options. Founded almost 30 years ago (1979), HIRSP has been Wisconsin’s health insurer of [...]
