Live Insurance News

Most Americans with health insurance have experienced problems

July 3, 2023June 30, 2023 Marc

Almost 60 percent of covered individuals have struggled with their plans in the last year. A nationwide survey has revealed that almost 60 percent of Americans with health insurance have experienced a problem with their plan within the last year. The research conducted an evaluation of healthcare coverage among adult Americans with plans. Among the problems health insurance customers have faced within the last year have included challenges in finding an in-network provider, denied claims, and denied or delayed care that required an insurer’s prior authorization. According to the researchers…

Life insurance experience differs among states due to health records

January 23, 2023January 19, 2023 Marc

Health trends in states across the country help to determine a consumer’s experience with coverage. The majority of people can’t say that they have absolutely flawless health and healthy lifestyles, and this impacts their overall experience shopping for life insurance policies. Across the United States, 4 out of every 10 adults have a minimum of two chronic illnesses. That said, some states across the countries have better wellness statistics than others, mainly due to two primary issues, the prevalence of unhealthy lifestyles and of substance abuse. This can have an…

Health care costs propelled skyward by labor, inflation, and insurance rates

August 29, 2022August 26, 2022 Marc

Health care - stethoscope on folded bills

There are several factors all contributing to the rising cost associated with medical services and products. Consumer prices are rising across the country, but it hasn’t been specifically determined how much higher health care costs will be headed skyward and how quickly. Product and labor costs alike have been rapidly climbing throughout the United States. With consumer prices climbing as they are, health care expenses are expected to go with them, which will send insurance rates upward in 2023 as well. According to a presentation by the Kaiser Family Foundation,…

Covered California rates announced and they’re on their way up

July 25, 2022July 22, 2022 Marc

Covered California - Health Insurance rate increase

Coverage purchased through the state health insurance marketplace will rise by an average of 6 percent. The Covered California rates have been announced for next year, and the cost of coverage will be increasing by an average of 6 percent for 2023. Officials cautioned that coverage could be far more expensive for some if federal aid isn’t renewed by Congress. They cautioned that some consumers could see their premiums as much as doubling if Congress chooses not to renew federal aid. The rate hike announcement represents the largest increase Covered…

Employer sponsored health insurance costs are up 4 percent this year

October 12, 2020October 9, 2020 H. Cutner

Employer sponsored health insurance - health insurance costs

The Kaiser Family Foundation data also showed that they have risen by 55 percent in 10 years. Employer sponsored health insurance costs have been rising steadily for Americans, having increased by 4 percent to $21,342 this year, according to a recently published Kaiser Family Foundation (KFF) study. The annual KFF survey found that workers are paying almost $5,600 for their coverage this year. KFF’s annual survey determined that American workers are paying almost $5,600 int their employer sponsored health insurance for family coverage. In 2010, that figure had been closer…

Almost 27M Americans lost job-based health insurance, says Kaiser Family Foundation

May 14, 2020May 13, 2020 G. Turner

Job-based health insurance - Man studying graph on tablet

The employer sponsored coverage has been plummeting due to pandemic related layoffs. Almost 27 million people across the country may no longer have their job-based health insurance, says a new report from the Kaiser Family Foundation. This report pointed to the widespread layoffs occurring as a result of the coronavirus pandemic as the cause. The report, released on Wednesday, underscored a substantial problem in medical coverage. Many of those who have lost their job-based health insurance now find themselves uninsured. That said, less than half – about 12.7 million people…

Many insured Americans rely on charity due to health insurance deductibles and copays

August 16, 2019August 14, 2019 H. Cutner

Health insurance deductibles - hands holding US dollars

Despite having a health plan, many people across the country can’t afford the medical care they need. Skyrocketing health insurance deductibles and copays are forcing many covered Americans to rely on charity to pay for medical care. Crowdfunding and medical charities have become the norm to fill in gaps for insured Americans. A recent LA Times report placed the spotlight on a growing trend among insured Americans. It showed that the cost associated with health insurance deductibles and copays can make medical care cost prohibitive even for Americans with medical…