Substance abuse and mental health insurance claims double in ten years

Mental health insurance claims - young woman stressed

Claims are more than twice what they were a decade ago and the increase is driven by young adults and teens. Substance abuse and mental health insurance claims have spiked over the last decade, more than doubling during that time, said a new report. Moreover, the driving force behind this staggering growth rate is young adults and teens. The report was published in May by FAIR Health, a nonprofit health care organization. The report showed that rates of anxiety and depression among Americans of all ages have been rising over…

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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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Health insurance rates will rise for some in Massachusetts

Massachusetts Health Insurance

The cost of the coverage will be rising by an estimated 2.5 percent, on average, this summer. Policies that are purchased or renewed by individuals and small businesses, as of July 1, in Massachusetts, will be facing an increase in their health insurance rates at an average of 2.5 percent. This is a lower increase than the rate hike that was seen for the policies renewing in the current quarter. The increase that was experienced by health insurance policyholders who renewed or purchased during the current quarter had been an…

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