The price of medical coverage has been on a rapid climb throughout the last decade. A new national business survey has released its results this week, and it has shown that the cost of family health insurance through workplace plans has increased another 4 percent this year, while wages rose by only 1.7 percent. The survey was conducted by the Kaiser Family Foundation/Health Research & Educational Trust. The gap between the coverage sponsored by employers, and the salaries paid to the employees is considered even more significant when the trend…
Read MoreTag: family health insurance
Health insurance premiums on the rise in 2012
Survey shows health insurance premiums are growing Employer sponsored health insurance premiums for family plans went up this year, according to a survey from the Kaiser Family Foundation and the Health Research & Educational Trust. Health insurance premiums have been a serious concern since the Affordable Care Act was passed in 2010. The federal health care law seeks to lower premiums, but many suggest that the changes the law brings to the health care and insurance industries will, in fact, cause a spike in health insurance premiums. Premiums show modest…
Read MoreMinnesota making significant progress on its health insurance exchange
Minnesota health insurance moves ahead with exchange system. Minnesota is making significant progress on establishing its health insurance exchange system. The state has determined that it will continue building an exchange despite the uncertain future of the Affordable Care Act. The federal health care law requires each state to build its own exchange by 2014 or risk losing control of the exchange effort to the federal government. Though the state is committed to building an exchange, the burden of the process falls on the Minnesota Department of Commerce instead of…
Read MoreDay two of Affordable Care Act hearing in Supreme Court focuses on controversial insurance mandate
The Supreme Court began its second day of hearing the case against the controversial Affordable Care Act on Tuesday this week. The focus of day two was centered on whether Congress could require Americans to purchase health insurance. The Obama administration’s top lawyers were ready to defend the insurance mandate imposed by the health care law, but conservative Justices of the Court were quick to issue their concerns regarding the matter. This could signal some serious problems for the future of the Affordable Care Act. Only three minutes into the…
Read MoreHow to find individual health insurance by yourself
When your health insurance is sponsored by your employer, it is easy enough to know which policy to choose because it has typically been selected for you, but when you are unemployed, self-employed, or employed by a company that doesn’t offer this medical benefits, then it is up to you to find your own coverage. Use the following tips to help you locate the right policy and price to fit your needs: • Healthcare.gov – this federal government site provides a number of questions that you can answer in order…
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