Long-term care insurance premiums are rising as benefits are reduced

Long-term care insurance - Form
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Approximately 70 percent of Americans will require LTC of some form in their lifetimes. Purchasing long-term care insurance is a daunting task for many Americans, who are finding policies increasingly difficult to afford, while they watch the benefits shrinking despite the rising cost. Many Americans find themselves frustrated and overwhelmed when trying to find affordable policies. This particular issue isn’t quite new to the long-term care insurance industry. Prices have been rising for several years while insurers cut back on what the provide in their policies. The reason is primarily…

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What is the Silent Generation?

Silent Generation - Seniors

While Boomers, Millennials and Gen Z are regularly in the spotlight, this group is often overlooked. The Silent Generation is a term referring to people who were born between the years 1925 and 1945. Though they’re not in the spotlight as often as other age groups, they have defined needs and preferences in how they are served by the insurance industry. As popular as technology is, this group is less inclined to use it to obtain the services they require. The Silent Generation is among the least inclined to use…

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California health insurance can help people find housing in the state

California health insurance - homes - houses

A new experimental plan has been rolled out through Medi-Cal for added support to plan members. A new experimental California health insurance program has been launched to help ease the massive homelessness crisis occurring across the state. The idea is that state residents will be able to obtain housing assistance through their coverage. The program is called CalAIM. It is a unique, experimental California health insurance program that brings healthcare together with housing across the state for the first time. This new strategy allows certain Medi-Cal recipients that are at…

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Health insurance enrollment breaks all previous records

Health Insurance Enrollment - ACA

Biden’s changes to the Affordable Care Act changes reversed many areas Trump had altered. Health insurance enrollment through the Affordable Care Act (Obamacare) have reached a record high this year, in a trend widely associated with the changes President Joe Biden made to reverse alterations President Trump had made while he was in office. Among the additional changes Biden made include an increase to available financial assistance. Beyond increasing financial assistance for health insurance enrollments, other changes included widening the window in which consumers could sign up for coverage through…

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Nationwide pet insurance Hambone Award winner announced

Pet insurance - Image of German Shephard

The thirteenth annual award went to a dog that survived a 400-foot fall and has fully recovered. Nationwide has announced the winner of the 13th annual Hambone Award, which is given to the animal that brought about the most extraordinary pet insurance claim of the year. The insurer gave this year’s award to a claim that was filed for the care of Bruin, a German Shephard. Bruin’s pet insurance claim resulted from the multiple injuries he sustained when he fell 400 feet into a canyon in California. The community searched…

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How to get an insurance job that will turn into a great career

Insurance Job - opportunities

With the expiry of the COVID-19 unemployment benefits, many people are getting a fresh start. When you think of an insurance job, the first thing that comes to mind is likely an agent or a salesperson, but insurers need far more than that in order to operate. Most insurers offer career tracks suiting a range of different types of skillsets and goals. Understanding the different types of insurance job opportunities can help you to better know how to prepare for a career in this industry. Careers can involve a spectrum…

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Farmers to begin use of its insurance robot named Spot

Insurance robot - Spot Launch - Boston Dynamics Official YouTube

The insurer will use the technology to enhance its catastrophe claims and property inspections. Farmers insurance recently announced its plans to launch a digitally controlled mobile insurance robot for assistance in completing in-field catastrophe claims as well as with non-catastrophe property inspections. The technology, called Spot, is meant to help improve both safety and efficiency. The insurer plans to use the insurance robot for improving the safety of non-catastrophe property inspections and in-field catastrophe claims, as well as to make those processes more efficient. This step also makes Farmers one…

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