Small Business Health Insurance Trends 2019

The majority of Americans rely on small business health insurance to get the coverage they need. Unfortunately, too many small businesses fail to offer the right coverage options. In fact, in a survey of firms with between 3 and 9 employees, only 44% of those small businesses offered any health benefits. That’s bad news considering that small businesses make up the majority of businesses in the United States. Luckily, things are looking up. Despite the complicated and confusing insurance landscape of today, new trends are taking over that make small…

Read More

US Health insurance rebates may reach record levels in 2019

Health insurance rebates - us dollar - pills

A new report has indicated that the Affordable Care Act refunds could hit $1.4 billion this year. The provision of the Affordable Care Act (Obamacare) which provides millions of Americans with health insurance rebates is expected to reach a record high level this year. Health insurance customers may be receiving more in refunds this year than ever before. In 2012, a component of the Affordable Care Act went into effect which required insurers to pay their customers a medical loss ratio (MLR) payment every fall under certain circumstances. If those…

Read More

Back to school vaccines available to all North Dakota kids, regardless of health insurance

Back to school vaccines - person receiving vaccine - needle

As the new academic year gets started, the state Department of Health is reminding parents to update shots. New school years are beginning – or are about to begin – across the country and in North Dakota, the Department of Health (NDDoH) is reminding parents of the importance of back to school vaccines. There is a law that requires children to have up to date immunizations from kindergarten through twelfth grade and the NDDoH is making sure this can happen regardless of whether or not the child has health insurance.…

Read More

Many insured Americans rely on charity due to health insurance deductibles and copays

Health insurance deductibles - hands holding US dollars

Despite having a health plan, many people across the country can’t afford the medical care they need. Skyrocketing health insurance deductibles and copays are forcing many covered Americans to rely on charity to pay for medical care. Crowdfunding and medical charities have become the norm to fill in gaps for insured Americans. A recent LA Times report placed the spotlight on a growing trend among insured Americans. It showed that the cost associated with health insurance deductibles and copays can make medical care cost prohibitive even for Americans with medical…

Read More

Americans with a health insurance plan have half the risk of bankruptcy, study

Health insurance plan - Man with empty pockets - bankruptcy

New data from the American Bankruptcy Institute shows uninsured people are twice as likely to file. Just as data is being released saying that while most Americans now have a health insurance plan, many remain underinsured, another study’s results have indicated that coverage is still making a difference. The American Bankruptcy Institute has shown that the uninsured have twice the likelihood of filing bankruptcy compared to those with coverage. The research showed that covered individuals whose policy was interrupted were twice as likely to go bankrupt. In fact, the data…

Read More

Governor Polis announces massive Colorado health insurance exchange premiums drop

Colorado Health Insurance Exchange - Healthcare money

Across the state, consumers will experience an average cost reduction of 18.2 percent on plans. Governor Jared Polis recently announced a tremendous 18.2 percent average Colorado health insurance exchange premiums reduction for 2020. This will apply to state residents who purchase theirhealth plans through the Affordable Care Act marketplace. This is expected to provide over 200,000 Colorado residents with premiums relief. This premiums reduction affects only consumers who purchase their coverage through the Colorado health insurance exchange. It does not impact those who receive their coverage from the government or…

Read More

Pennsylvania health care to become state-run, leaving Healthcare.gov

Pennsylvania health care - Pennsylvania state seal & doctor

State officials recently shared their intention to transition away from the federal insurance exchange. State leaders recently announced that the Pennsylvania health care insurance exchange will be transitioning to a state-run marketplace. Currently, Pennsylvanians use the federal exchange at healthcare.gov to purchase their health plans. The new Pennsylvania health care changes are meant to help state residents to save more money while improving the affordability of individual and family plans. Until now, the healthcare.gov website has served state residents. Pennsylvania Governor Tom Wolf signed legislation earlier this week, laying the…

Read More