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…

Read More

Maryland to let residents complete health insurance enrollment on tax forms

Health insurance enrollment - Income Tax - Filing Taxes

Governor Larry Hogan signed the first measure in the country to provide this opportunity. Maryland has become the first state in the country to make it possible for residents to complete a health insurance enrollment at the same time that they file their taxes. The governor signed the bill on Monday, making it possible for tax forms to double as insurance applications. The new bill lets residents use their tax forms for the opportunity to complete their health insurance enrollment as well. When Governor Hogan signed the bill, it made…

Read More

Japan’s insurance industry takes steps to stop genetic discrimination

Genetic discrimination - DNA

The Japanese industry is preparing guidelines to make sure insurers can’t collect customer DNA. The insurance industry in Japan is getting ready to create guidelines that would stop genetic discrimination by insurers in the country. They are seeking to ban health and life insurance companies from the collection or use of genetic information for purposes related to coverage eligibility or premiums calculations. Associations across the industry say they haven’t started using genetic info but the goal is to stop it. According to the Life Insurance Association of Japan, its members…

Read More

Aging immigrants with health insurance are at a lower cardiovascular disease risk

Cardiovascular disease risk - Heart - Health - Pulse

Even with the powerful benefits coverage has to offer, immigrants are typically underinsured. Aging immigrants have a far lower cardiovascular disease risk when they have a health plan to cover their medical needs. This is particularly true among individuals who have only recently arrived in the United States. This was the conclusion of a recent study conducted by NYU Rory Meyers College of Nursing researchers. The study was published in the Journal of Nursing Scholarship. Simply having health insurance coverage plays an integral role in the risk associated with heart…

Read More

New Mexico regulators pursue improved short term health insurance oversight

Short Term Health Insurance - Regulators

Officials in the state want greater control over the minimum standards for these types of plan. New Mexico insurance regulators are seeking greater authority over the short term health insurance plans in the state. They are aiming to set the state’s minimum standards for these health plans, instead of using those established by the federal government. The new standards will become effective through a new bill that has passed the House of Representatives. A new short term health insurance minimum standards bill has now passed the New Mexico House of…

Read More

FBI investigating country-wide workers compensation fraud scheme

Workers compensation fraud

The Bureau is looking into an alleged nationwide scam involving insurance and pensions. The F.B.I. has launched an investigation into an alleged nationwide workers compensation fraud, health insurance scam and pension plan scheme. The scheme involves policies and plans sold by American Labor Alliance or its U.S. subsidiaries. The F.B.I. has requested that any businesses that have purchased policies or plans from American Labor Alliance (A.L.A.) or any of its subsidiaries across the country should contact their state insurance regulator. The state regulator will be able to tell if health…

Read More

New York health insurance policies now cover 95 percent of state residents

New York Health Insurance - Brooklyn Bridge

The N.Y. State of Health has announced a new coverage record as many more residents enroll. A New York health insurance enrollment record has been broken this year as 95 percent of residents are now enrolled in the N.Y. State of Health plans. Registrations in the New York State of Health plans have struck record levels for this year’s coverage. This year’s enrollment period came to a close on January 31 and by that point, there were 4.8 million people with New York Health Insurance registrations. This figure represents 95…

Read More