Why It Is Important for Health Insurance Companies to Invest in People

health Insurance Companies - Skills - Employees

The insurance industry has always been a people-intensive industry. The industry relies on capable people – from agents to underwriters and risk managers – to deliver services to customers. While there are plenty of technologies affecting this industry, people remain at the heart of many insurance operations. For health insurance companies, in particular, investing in people is now a necessity rather than an option. The industry is getting more competitive, and there are many reasons why it is important for health insurance companies to invest in the people supporting their…

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Telehealth insurance claims from private policies up by 4,347 percent

Telehealth insurance claims - mobile phone and stethoscope

This trend was led by the Northeastern US, where the increased reached a much higher 15,303 percent. The latest FAIR Health report recorded a striking increase in the number of telehealth insurance claims in the United States, which rose by 4,347 percent compared to last year. This dramatic trend is directly linked with the coronavirus pandemic precautions since March. The leading reason that people filed telehealth insurance claims was for mental health conditions. The next most common reason for using these services was for respiratory diseases and infections, then joint/soft…

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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…

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Will dental insurance one day be key to mental health and Alzheimer’s prevention?

Dental Insurance - Study - Dental Work - Dentist

A new study has potentially linked gum disease with the development of this form of dementia. When consumers purchase dental insurance, it’s usually to help to prevent cavities or cover expensive oral procedures. That said, a new study has potentially connected the Alzheimer’s disease risk with a bacteria associated with gum disease. The study was published in the Science Advances journal, presenting a new understanding of dementia. Thought it’s too early for consumers to start rushing to buy dental insurance to help preserve their future cognitive function, this study has…

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Health insurance trends may be driving opioid epidemic

Health insurance trends - Pills - pain killers - drugs

A recent Johns Hopkins Bloomberg School of Public Health Study measured this effect. Health insurance trends toward greater popularity of coverage may be pushing along the opioid epidemic. The reason, according to the Johns Hopkins Bloomberg School of Public Health study, the reason is that the majority of private insurers as well as Medicare and Medicaid aren’t doing enough to stop it. The study examined coverage policies from major health insurance companies in 2017. The researchers looked into what the policies offered in terms of coverage for treating chronic lower…

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Mayo Clinic downsizing leads to heath insurance unit sale

Health Insurance Unit - Medicine - Doctor - Heart rate - health

Corporate downsizing has led the highly reputed organization to take a new direction with its coverage. The Mayo Clinic has sold its health insurance unit in western Wisconsin. Patients covered by those policies will be offered a new option for their coverage. The policyholders were not without warning as the Mayo Clinic has been discussing it for years. The Mayo Clinic sold its health insurance unit to WEA Trust, a public employee insurer. The academic medical center decided within the last couple of years that it would put its health…

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CHIP funding will run dry in several states by the end of January

child kid CHIP funding

Kids in many places across the country and whose families have low incomes will be without health insurance. CHIP funding was allowed to expire on September 30, 2017 and, despite the fact that the program has bipartisan support, it still has not been renewed. States have been doing what they could to compensate for the medical expenses without federal money. Unfortunately, some states haven’t fared as well as others. Now, many of the 9 million children enrolled in the program, as well as pregnant mothers and babies born over the…

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