Medical technology is a double-edged blade in the world of insurance and cancer

Advances in medicine are often hailed as major accomplishments, but little attention is paid to how medical breakthroughs affect the price of insurance coverage. Cancer, one of the deadliest diseases known to man, is a common focus when it comes to the medical world. Cancer itself has been around for millennia, but the 20th century has been host to the most promising progressions in fighting the disease. Medical technology has progressed rapidly in a relatively short amount of time, meaning that the insurance industry has been left to mitigate the…

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Study shows cost for employees for health insurance is set to rise

The findings of an Aon Hewitt study are showing that the average per-employee cost for health insurance will increase beyond the $10,000 mark in 2012, regardless of the fact that costs are rising more slowly than the current 2011 rate of 7.5 percent. The rate for healthcare premiums is expected to increase by 7 percent, but the actual cost of premiums for each employee is forecasted to be over $10,400. When compared to the 2010 figure of less than $9,800, the 2012 is notably higher. Workers will be responsible for…

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Another health insurance rate hike expected by next year

Mercer has released the results of its annual survey which have indicated that there will be an increase of 5.4 percent to employee health care benefit costs in 2012. Though the forecasted increase in health insurance rates will be the smallest one that has occurred in the last 15 years, it should still be noted that this increase is remarkably higher than salary growth and the inflation rate, the latter of which was at 3.9 percent. The employers who participated in the Mercer survey stated that they have been attempting…

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Answers you should know to the FAQ’s about Medicare

Though it may feel overwhelming when you are faced with the most common questions to Medicare and Medicare Supplement Insurance, in truth, it doesn’t take hours of research to know what options are available to you. The most commonly asked question is regarding the difference between Medicare Advantage (MA) Plans, and the Original Medicare. The fact is that there are a number of important differences between them. The original plan is government Medicare, whereas MA is private Medicare. The two plans involve comparable out-of-pocket expenses. An MA plan is essentially…

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Breast Cancer Awareness Month; A fresh look at a three-pronged approach to personal cancer protection

Though cancer is a frightening and potentially devastating illness that affects millions of families across the country and around the world, many Americans are learning how to take action to protect themselves as much as they can from the impact of this disease. This effort has three stages and, in the unfortunate event that cancer should occur, it ensures that its impact on your life, that of your family, and on your future will be kept as low as possible. The first step is prevention. A healthy lifestyle, including choices…

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