The Texas Medicaid Director, Billy Millwee, spoke to the House Public Health and Insurance committees this week regarding the Affordable Care Act. The director has been tracking the trends and effects that the federal health care law has birthed in the state and has come to a promising conclusion. Currently, 74% of the state’s residents have some form of health insurance coverage. Millwee claims that when the Affordable Care Act is fully enacted in 2014, this will jump to 91%. By that time, only 2.3 million Texans will have no…
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What can you do to reduce your health insurance premiums
The continued struggle of the economy has forced the country to try to keep healthcare spending down, and has forced many Americans to put off medical care due to financial constraints, but there are some things that can be done to minimize the amount that they spend on health insurance without sacrificing their coverage altogether. Being an informed customer can be a very important step to making sure that you are getting the most coverage at the lowest possible price, and to ensure that you are protected for everything that…
Read MoreHighmark announces the launch of new low premium and deductible individual health insurance coverage
Highmark has announced the availability of a new form of individual health insurance plan called the Simply Blue PPO, which is designed to provide policyholders with simple coverage at a low premium, with a predictable structure for copayments and with low deductibles. According to Highmark’s senior vice president of health services strategy, product and marketing, Steven Nelson, “We listened to our members’ feedback, and we’ve heard them say that they would like a more affordable plan without a large upfront deductible.” The new plan is medically underwritten and offers policyholders…
Read MoreTips to save your money when purchasing health insurance coverage
With the start of the new year, many people have made resolutions to save more money, and in that effort, it is not uncommon to look over health insurance coverage to make sure that what has already been purchased or what will be purchased in the near future will include the best possible savings but with the coverage that makes the most sense to each individual. Use the following tips to help achieve this goal: • Do your homework and compare all of the different health plans available to you…
Read MoreAmerican employers are using more insurance plans with high deductibles
A new survey has shown that employers in the United States who are struggling to manage the increasing costs of healthcare insurance are broadening the use of plans with high deductibles to help to keep the monthly premiums at a more affordable level, since more of the burden of medical expenses is falling on the employees. A Mercer benefits consulting firm survey, which involved the participation of 2,844 public and private employers, showed that this year, 32 percent of businesses that employ more than 500 people now have high-deductible health…
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