Employer-based health insurance premiums are skyrocketing

Health insurance Premiums skyrocket'

The average family is paying 47 percent more than they were a decade ago, outpacing inflation and wage growth. Americans who receive their health insurance through their employers are paying substantially higher premiums in 2021 than they were in 2011, according to a new Kaiser Family Foundation report. Employer-sponsored health insurance has seen a 47 percent rise in premiums, said the report. This health insurance premium rise has been moving faster than wage growth (31 percent) and inflation (23 percent) that took place during that same decade. This year, annual…

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Health insurance open enrollment has begun

Health insurance Enrollment Form

Across the country, Americans can now purchase their own plans, many of whom now have more choices. Across the country, Americans who purchase their own health insurance can now do so for 2022 on the federal or state exchanges as the enrollment window has opened. The open enrollment period will continue until next year into January 2022. In California, residents can purchase their health insurance through Covered California, the country’s largest state-run plan marketplace. The plans sold through the exchanges are for people who don’t already receive coverage through their…

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Online health insurance marketplaces reopen following Biden executive

Online health insurance -US President Joe Biden Signs Orders to Reopen Obamacare Enrollment, Review Trump Health Policies - YouTube

The new US president signed the executive order saying that he was undoing “damage” from Trump. US President Joe Biden signed an executive order at the end of last week reopening the online health insurance marketplaces for people without coverage through employers. This move restores access to the healthcare.gov insurance exchange from February 15 to May 15. According to President Biden, the order to open a new online health insurance marketplace window was meant to undo the “damage” his predecessor Donald Trump had done, said a Reuters report. This executive…

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Telehealth insurance claims from private policies up by 4,347 percent

Telehealth insurance claims - mobile phone and stethoscope

This trend was led by the Northeastern US, where the increased reached a much higher 15,303 percent. The latest FAIR Health report recorded a striking increase in the number of telehealth insurance claims in the United States, which rose by 4,347 percent compared to last year. This dramatic trend is directly linked with the coronavirus pandemic precautions since March. The leading reason that people filed telehealth insurance claims was for mental health conditions. The next most common reason for using these services was for respiratory diseases and infections, then joint/soft…

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Millions of Americans are losing employer sponsored health insurance plans

Employer sponsored health insurance - stethoscope - heartbeat monitor - glasses - pills

As workers across the country have been laid off, they’ve also been losing their medical coverage. Employees across the country who had been enjoying employer sponsored health insurance are suddenly finding themselves without a plan as the coronavirus causes millions of layoffs. In many states, the rates of uninsured residents are jumping from single to double digits. As though losing a job wasn’t enough as pandemic prevention efforts continue to hold in place, many Americans who had been covered through employer sponsored health insurance are losing their coverage, too. This…

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US health insurance gaps may accelerate COVID-19 spread

US health insurance gaps - COVID-19 Testing

Over 27 million people across the United States lack coverage, which can reduce testing and treatment. The substantial US health insurance gaps that remain across the country could feed the spread of the novel coronavirus. As about 9 percent of the American population – around 27 million people – lack a health plan, testing and treatment comes with a cost they may not be able to afford. Without coverage people may delay going to get tested or treated or they may not do it at all. In the state of…

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New York health insurance extension gives state residents an additional week

Disability Insurance

The additional seven days will help New Yorkers to obtain the coverage they need in time. Residents of the state are receiving an additional week in which to purchase coverage within the New York health insurance deadline. This added seven days will help people to make sure they can get the health plans while shopping on the state exchange. Following the extension, the new deadline for state residents has become February 7. The new deadline gives residents an additional opportunity to shop on the New York health insurance exchange. This…

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