Live Insurance News

Here’s What the Best Medical Insurance Companies in India Have in Common

January 17, 2022 Guest Author

In today’s world of skyrocketing medical costs, a health insurance plan known as ‘Mediclaim’ has become unavoidable. If you don’t have one, you could find yourself paying a lot of money out of your own savings. Even as it increasingly pays for basic care, health insurance continues to serve the purpose of dispersing risk. Understanding the significance of health insurance for your family is only the beginning. Today, there are a wide range of health insurance plans available in the market, however, it is important to choose the right one…

Are health insurance companies required to cover home COVID-19 tests?

January 14, 2022January 13, 2022 Logan B.

Health Insurance Companies - COVID-19 home test

The Biden-Harris Administration announced that insurers and group plans must cover FDA-approved tests. This week, the Biden-Harris Administration announced that health insurance companies and group plans will be required to cover FDA-approved home COVID-19 tests as of January 15. As of January 15, policyholders will be able to obtain those home tests without out-of-pocket costs. “This is all part of our overall strategy to ramp-up access to easy-to-use, at-home tests at no cost,” said Xavier Becerra, Secretary of the US Department of Health and Human Services (HHS). “Since we took…

Why Should You Get Health Insurance As An Expat In Canada?

December 25, 2021 Guest Author

For new expats living in Canada, the first thing that you should do is settle all of the necessary living needs before fully enjoying the country and its offers. Consider delaying trips and vacations for a short while and prioritize what is really needed for a convenient long-term stay in the country. If you don’t know where to start yet, then availing health insurance is the best answer. Although some people are against health insurance mainly because Canada’s healthcare is free and it will just be additional fees to live…

Employer-sponsored health insurance costs jumped this year

December 21, 2021December 19, 2021 H. Cutner

Health insurance - Costs - money - stethoscope

The average cost of the coverage per worker rose by the largest amount in 2021 that it has since 2010. The average cost of employer-sponsored health insurance per worker saw its highest annual increase this year that it has since 2010. This occurred as the benefit costs rose faster than inflation and the earnings of the workers themselves. The Mercer 2021 National Survey of Employer-Sponsored Health Plans showed that there was a 6.3 percent average increase in the cost of employer-sponsored health insurance this year. Employees and their families began…

How to Handle Insurance After a Cancer Diagnosis

November 29, 2021November 29, 2021 Guest Author

When you are faced with a cancer diagnosis, life suddenly becomes very simple and incredibly precious. All that truly matters is making it through the battle ahead and, in the end, defeating this unseen enemy for good. Unfortunately, the practical necessities of life don’t just dissipate when cancer rears its ugly head. There are still matters of daily living to attend to, and that includes ensuring that you have the financial resources on hand to fund your treatment while protecting your family from hardship. More often than not, this will…

Employer-based health insurance premiums are skyrocketing

November 23, 2021November 22, 2021 H. Cutner

The average family is paying 47 percent more than they were a decade ago, outpacing inflation and wage growth. Americans who receive their health insurance through their employers are paying substantially higher premiums in 2021 than they were in 2011, according to a new Kaiser Family Foundation report. Employer-sponsored health insurance has seen a 47 percent rise in premiums, said the report. This health insurance premium rise has been moving faster than wage growth (31 percent) and inflation (23 percent) that took place during that same decade. This year, annual…

Many consumers still can’t afford Virginia health insurance premiums

November 18, 2021November 17, 2021 Nordstrom

A new state Joint Commission on Heath Care report showed that silver plans remain costly. Though the American Rescue Plan has broadened subsidies and has brought plans within reach for more people through the Affordable Care Act, Virginia health insurance premiums remain high enough that many people still struggle to afford the costs. The state appears to be struggling to keep its health plan premiums under control. The state’s Joint Commission on Health Care determined that the average cost of silver Virginia health insurance plans – a mid tier level…

Category: Health Coverage