Tag: Medicaid

Health insurance coverage is growing, says Census Bureau

Marc
Covered California exchange health insurance coverage

A new report has just been released and has showed that there continue to be fewer uninsured Americans. The Census Bureau has now released its Health Insurance Coverage in the United States for 2015 report. It revealed that last year saw greater progress in reducing the number of people who are uninsured. This maintained a trend that was recorded the year before when there was a considerable plummet in the number of people without a health plan. Last year, the rate of uninsured people fell to 9.1 percent after having…

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The high cost of long term care is rarely planned for

H. Cutner
senior medicare cost of long term care insurance

While planning for retirement, few people plan for the potential need for nursing home care. The cost of long term care has become one of the largest expenses faced during retirement. At the same time, only a small minority of people actually plan for this eventual need. By the time a person reaches the age of 65, their chances of needing a nursing home at some point are about 50-50 at the moment. These types of annual cost are very high and most people haven’t factored it into their savings.…

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Texas health insurance covering more than ever, except the poor

Logan B.
texas health insurance

The state has been very successful in decreasing the size of the uninsured population but not among the lowest income groups. The number of people without Texas health insurance has been steadily falling since the implementation of the Affordable Care Act. However, this is not the case among the state’s poorest population. Though Obamacare has been helping people to purchase health plans, those with low incomes are staying uninsured. This failure to successfully decrease the number of low income residents without Texas health insurance has made the state a leader…

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Medicaid insurance plans receive federal standards makeover

Logan B.
Medicaid insurance plans standards

The Obama administration has now established a new set of standards for these private coverage plans. The primary source of coverage for millions of Americans, Medicaid insurance plans, are undergoing a significant change as the Obama administration has now laid out a fresh set of standards to which these policies must adhere. The new rules have been designed to address insurance companies that serve Medicaid customers. There are 39 states in which insurance companies are serving as a kind of middleman in order to make sure that customers have coverage.…

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Massachusetts aims to overhaul its health insurance program, MassHealth

S.Vagus

State introduces plans to make changes to its troubled insurance program Massachusetts Governor Charlie Baker, along with other officials, has drafted new plans to overhaul the state’s Medicaid program, called MassHealth. This will be the largest overhaul that the program has seen in the past 20 years, marking a significant shift in the health insurance space and potentially ensuring that more consumers will have access to the coverage that they need. MassHealth currently provides coverage to some 1.8 million low-income people throughout the states and represents that majority of the…

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Taxpayers to commit $660 billion for health insurance subsidies in the US

S.Vagus
Health Insurance Expense

Subsidies to help cover the cost of coverage for those over the age of 65 are growing This year, taxpayers in the United States will commit more than $660 billion to help subsidize health insurance coverage for those over the age of 65, according to the. The federal agency has released one of its most comprehensive reports concerning the cost of subsidized insurance coverage, highlighting the potential these subsidies have to reduce the national deficit. According to the report, the 2016 tax bill accounts for 3.6% of the country’s gross…

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20 million people have received health insurance through the Affordable Care Act

S.Vagus
Health Insurance Agent

Health care reform has made insurance coverage more accessible An estimated 20 million people in the United States have managed to acquire health insurance coverage since the passage of the Affordable Care Act in 2010, according to a new report from the Department of Health and Human Services. Over the past few years, the health care reform law has been subject to harsh criticism, with opponents of the legislation threatening to repeal the law in favor of a different solution. The Obama Administration, however, notes that more people have access…

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