The 2021 average annual cost of health insurance for Americans will fall by 1.59 percent

Annual cost of health insurance - medicine - money

According to a recent study, the average yearly premiums to be paid across the US will be $5,952. As Americans look to their 2021 coverage options, a recent ValuePenguin study shows that the average annual cost of health insurance will be falling. The amount individual households will pay will vary from one state and one home to the next. The study showed that Americans, on average across the country, will be paying nearly $500 per month for their plans. The annual cost of health insurance as a national average was…

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Travel insurance coverage purchasing is on the rise among Americans

travel insurance coverage - trip details

A Generali Global Assistance survey says 51 percent are now buying these policies. Generali Global Assistance (GGA) published its travel insurance coverage survey finds, showing that Americans are purchasing these policies more often when they head away from home. This, according to the Holiday/2021 Travel Sentiment Survey held from October 26 to November 5. The GGA travel insurance coverage survey involved the participation of 1,138 travelers in the United States. It asked about their upcoming plans and preferences for heading away. The findings showed that 74 percent who said that…

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Progressive offers Thanksgiving turkey insurance protection plan at Whole Foods

Thanksgiving Turkey Insurance - Turkey in oven

The grocery chain and insurer have teamed up to help customers protect their holiday meal this year. The Whole Foods grocery chain is working with Progressive to offer customers a Thanksgiving turkey insurance plan. The idea behind this coverage is to help protect against having the central part of the meal go wrong. The two companies are working together in this unique and somewhat odd combination. This Thanksgiving turkey insurance will be available exclusively for the one dish for this single celebration. Therefore, even if a family member brings a…

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Health insurance plan enrollment has shifted due to the pandemic

Health insurance plan enrollment - pandemic - American flag on face mask

As is the case with everything else, signing up for coverage has been impacted by COVID-19. As has been the trend with virtually everything in 2020, health insurance plan enrollment has been impacted by the presence of the pandemic. The coverage and benefits have altered due to the impact of the pandemic on health care. As insurers, employers, and even Medicare have seen the needs of policyholders change throughout the pandemic, they have made changes to coverage in an effort to better respond COVID-19. Consumers are also taking a closer…

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Court rules in favor of Allstate in defamation lawsuit but still demands $4 million compensation

Defamation lawsuit - gavel - dollar sign

Despite the fact that the insurer was in its rights to fire a broker last year, it must still pay punitive damages. A California appellate court ruled that Allstate Insurance Co was within its rights to terminate Michael A. Tilkey’s employment as a broker in 2019, in a defamation lawsuit. Tilkey pleaded guilty to disorderly conduct and was let go from his $200,000 per year job. That said, despite the fact that the court ruled in favor of the insurance company in this defamation lawsuit, the insurer was still required…

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Allstate points to Better Arguments project to avoid toxic conversations

Better Arguments Project - woman, man facing away from one another

The insurer issued a news release stating that toxicity in communications are “threatening our future.” Allstate Insurance recently issued a news release praising the strategies of The Better Arguments Project. This strategy is meant to help Americans to better navigate the current environment which consists of the “deepest political and cultural divides in our nation’s history.” The insurer acknowledged that the divisions are only worsened by the COVID-19 pandemic crisis. According to Allstate, “our collective future depends on Americans’ ability to come together.” However, at the same time, it didn’t…

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Walmart health plans for seniors available in time for 2021 open enrollment

Walmart health plans - Front of Walmart Store

The retail giant is selling the policies for Medicare medical and drug benefits that will begin next year. Walmart health plans are launching through a new brokerage that will make the policies available in time for seniors to enroll during the Medicare medical and drug benefit open enrollment for 2021. Seniors will be able to enroll in this coverage this fall throughout the open enrollment period. The retailer announced the move earlier this week, bringing Walmart health plans into heavy competition within an industry facing a rapidly increasing number of…

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