Tag: health insurance costs

Health insurance coverage levels rise in communities of color

G. Turner
Health insurance coverage - Rise in coverage

Department of Health and Human Services data recorded substantial improvements from 2020 to 2022. The Department of Health and Human Services (HHS) recently released a report in which its data showed that communities of color have recorded considerable improvements in health insurance coverage from 2020 to 2022. The improvements are credited in part to increased outreach efforts for enrollment and enhanced affordability. From 2020 to 2022, there was a 56 percent increase in health insurance coverage enrollment rates among Hispanic people through the Affordable Care Act marketplace. Among Black Americans,…

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“Leading Idaho” plan slashes 12 percent from health insurance costs

H. Cutner
Health insurance - Wealth to Health

A key waiver in the plan is meant to help ensure that coverage is accessible to more state residents. The State of Idaho recently achieved a key milestone in its “Leading Idaho” plan in the form of a waiver that will reduce the cost of health insurance for state residents, helping to make the coverage more broadly available, according to an announcement from Governor Brad Little. The state’s innovation waiver is expected to reduce the average premiums by 12 percent. “Idahoans benefited from another win from our ‘Leading Idaho’ plan…

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Americans’ third biggest living expense is health insurance

Marc
Health Insurance - money - piggy bank

Premiums have risen to the point that they require 10.69 percent of an average annual salary. Health insurance premiums comprise a large amount of the average annual income of Americans and consumers are being forced to weigh their priority with other essential expenses, say the results of a new NiceRx study. The premiums paid represent about one dollar out of every ten the average American earns. To arrive at its results, the researchers from NiceRx used data from the Bureau of Economic Analysis, Value Penguin, World Population Review, and Patriot…

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4 Questions You Should Ask Your Insurance Company Before Deciding On A Palliative Care Facility

Guest Author

Moving a loved one into a palliative care facility is never easy. There are many things to consider, and you want to make sure that you are making the best decision for your family member. One thing that you should do before making a final decision is to speak with your insurance company about hospice medicare billing. They may have specific requirements or restrictions on which facilities they will cover. This article will discuss five questions that you should ask your insurance company before deciding on a palliative care facility. What…

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Care through public health insurance costs adults less than private plans

H. Cutner
Public health insurance - doctor with stethoscope

Recent research also shows that the satisfaction level is higher among those adults. A recent study published in JAMA Network Open showed that adult Americans with public health insurance coverage face lower costs and experience higher satisfaction than adults with private coverage. The research involved a survey with 150,000 respondents comparing private and publicly sponsored plans. The survey showed that when compared to adults with public health insurance coverage, Americans with private plans often face less access to services, lower satisfaction and higher costs for care. The respondents were all…

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The 2021 average annual cost of health insurance for Americans will fall by 1.59 percent

Marc
Annual cost of health insurance - medicine - money

According to a recent study, the average yearly premiums to be paid across the US will be $5,952. As Americans look to their 2021 coverage options, a recent ValuePenguin study shows that the average annual cost of health insurance will be falling. The amount individual households will pay will vary from one state and one home to the next. The study showed that Americans, on average across the country, will be paying nearly $500 per month for their plans. The annual cost of health insurance as a national average was…

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High health care costs still “catastrophic” to millions despite insurance coverage

G. Turner
High health care costs - hospital - money - calculator

High price tags for services and drugs remain a problem, despite widening ACA cover, says study. High health care costs can be detrimentally high for millions of Americans, even when they are already covered by insurance plans, says a new study. The price of medical necessities such as an insulin kit, for example, often make them cost-prohibitive. The study was recently published in JAMA and showed that even with insurance coverage, worries about high health care costs remain in place. Even as the Affordable Care Act (ACA) continues to gain…

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