Cost of health insurance premiums drives UD to seek more funding

Health insurance - University of Delaware Funding

Officials from the University of Delaware have requested additional money from the state legislature. University of Delaware officials recently issued a request to their state legislature for additional funding to help them to cover increases to health insurance premiums. At the same time, the university is also seeking more money for providing state residents with scholarships. The funding would also help to support a dual degree program between the University of Delaware and Delaware State University. The funding requests arrived at the University of Delaware’s annual Joint Finance Committee (JFC)…

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Consumers that missed the health insurance open enrollment have options

Health insurance - Investigating Options

There are definite financial risks from missing open enrollment, but all is not lost. The 2024 open enrollment periods for Affordable Care Act health insurance markets have now passed, and many consumers are now wondering what happens if they wanted coverage but didn’t obtain it in time. Understanding options begins with knowing what the open enrollment period is all about. The open enrollment period for buying health insurance allows people to purchase their coverage for the next twelve months. Many people already have coverage through work benefits and don’t need…

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New Jersey governor signs health insurance legislation expanding coverage

Health insurance - Infertility Coverage - New Jersey

Governor Murphy signed A5235/S3627 to expand coverage to include infertility services. New Jersey Governor Phil Murphy recently signed A5235/S3627 to expand requirements for health insurance coverage in the state to include infertility services. The legislation requires that many plans provide benefits relating to pregnancy healthcare services. The health insurance coverage requirements apply to certain private sector health insurance companies, including those under state regulation. They must now provide group plans with more than 50 people with pregnancy-related benefits. This also applies to plans in the School Employees’ Health Benefits Program…

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Health insurance plans frequently deny new weight loss medication claims

Health Insurance declined - weight loss medication

Patients are finding that the drugs they were hoping would help them fight obesity might not be an option. Obesity patients prescribed new weight loss medications are discovering that the drugs they were counting on to help them to reduce their BMI often aren’t covered by their health insurance plans. Medications such as Wegovy have been making headlines since they received FDA approval. Many obesity patients who were desperate for a new option to try to treat their disease were thrilled when they heard that there were new medications available.…

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Why are many people looking to long term care insurance again in 2024

Long term care insurance 2024

Consumers have been drifting away from this costly coverage in recent years but are looking into it again. Long term care insurance is a type of coverage that many people have been abandoning in recent years due to the skyrocketing cost associated with keeping it up. That said, this year, consumers are starting to inquire about it once more, which many people hadn’t expected in the current economy. There are many reasons that consumers are wondering if this type of policy has value after all. Within the current economy, many…

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