Tag: medicare

The high cost of long term care is rarely planned for

H. Cutner
Long Term Care Insurance Premiums on the Rise

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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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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Bernie Sanders unveils new health insurance plan for the US

Logan B.
bernie sanders health insurance medicare expansion

Sanders has revealed his new Medicare for All plan to reform the health insurance sector The 2016 presidential campaign is heating up and health care may be a major issue that will sway voters this year. Senator Bernie Sanders, whom is among the forerunners of those vying for the presidency, has introduced a new plan that seeks to reform the health insurance system in the United States. Sanders calls the plan “Medicare for All,” which is, in the most basic sense, a universal health care plan that aims to ensure…

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More are gaining health insurance in Indiana

Logan B.
obamacare health insurance agent business

Number of uninsured people in Indiana is dropping quickly A growing number of people are gaining health insurance coverage in Indiana. This year, Governor Mike Pence expanded the state’s Medicaid program. Through this expansion, a greater demographic of people are eligible for coverage through the program. Governor Pence decided to take a different approach to expanding the Medicaid program than what was outlined through the Affordable Care Act. Pence believes that his approach will make the state’s Medicaid program more accommodating of the needs of consumers. Indiana University Health finds…

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Health insurance exchanges serve as effective safety net

Logan B.
online health insurance technology exchange

Federal data shows that consumers can find coverage through exchanges if they have lost their insurance Health insurance exchanges in the United States are performing well as a safety net for those that lose their coverage. The federal government has released data concerning how exchanges operate as a safety net, which is something that is often overlooked by those involved in the insurance sector. These exchanges were meant to expand the availability of insurance coverage to millions of consumers, but they have also managed to ensure that people have a…

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