Things you might not know about group health insurance

Though most people feel that group health insurance – such as the plans offered by many employers – are highly beneficial, it should be noted that they were not all created equal, and that there are many surprising things that consumers can learn about those policies that might change their opinions about their value. Consider the following often unknown issues regarding group health insurance: • Some group health plans don’t provide pregnancy coverage – as a result of the Pregnancy Discrimination Act of 1978, the majority of health insurance plans…

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Gallup survey shows that employer provided health insurance is disappearing

A new survey from the Gallup Organization, a consultation and polling company, shows that employer sponsored health insurance is on the decline. The survey began on January 1 of 2011 and came to its conclusion on December 31 of the same year. Declines in insurance coverage are a persistent trend in the U.S. despite claims from the federal government. The Obama administration insists that the Affordable Care Act has brought coverage levels to an all time high. While this may be true for young adults, this is not the case…

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Health insurance forum coming to Florida, aims to advise small business owners on health care

Health insurance has been a hot issue for some time, even before the passing of the federal health care reform law. The insurance industry has been rife with controversy for years, much of which is focused around the issue of soaring premiums. While rate increases are not anything new, health insurers have been quick to raise rates on their coverage in recent years. The cause of the rate hikes is most often cited as being a way to mitigate the overwhelming cost of medical care. Whatever the case may be,…

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Forecast predicts a third of companies will cut health benefits

A new study from prestigious consulting firm McKinsey & Company suggests that as much as 30% of the nation’s employers will be making drastic changes to the insurance they provide to their employees. The firm suggests that the more these companies learn about upcoming insurance changes stemming from last year’s Affordable Care Act the more likely they are to make such changes. The study anticipates that these businesses will cease offering health care benefits or restrict access to such benefits to a select few in their service. If the study…

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