Look out, health insurance marketplace, here comes Google

google health insurance

The tech giant has now announced that it has made a massive investment into a coverage startup. Last week, Google announced that it had made an investment of $32.5 million into Oscar Health Insurance Corp, which is a startup that has been drawing considerable interest as its angle could disrupt the traditional form of coverage and could shake up the power of the market leaders in the U.S., such as Anthem and UnitedHealth Group. The current valuation that the deal brings to Oscar has been calculated to be at $1.75…

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Illinois can no longer pay health insurance claims for state employees

Health Insurance Illinois

State agency cannot cover the cost of claims The Illinois Department of Central Management Services has announced that it will no longer be able to pay state employee health insurance claims without a state budget. The claims are coming from those that receive coverage through the State Employees Group Insurance Program. Since the agency can no longer pay for the claims being made by policyholders, some 150,000 people could face higher out-of-pocket costs associated with their health insurance coverage. Those with self-insured plans will be hit the hardest by lack…

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American Olympians finally have an insurance policy that qualifies

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The plan covering the team had not been meeting the standards of the Affordable Care Act. The U.S. Olympians have now finally managed to obtain qualifying health insurance policies, following an agreement between the U.S. Olympic Committee and the government with regards to their coverage status. Until this time, the health plans for the athletes and their dependents was not up to the ACA’s requirements. There are approximately 850 athletes and about 225 dependents that are enrolled in the special health insurance policy plans through the U.S. Olympic Committee (USOC)…

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Affordable Care Act event may make health plans easier for migrant workers to find

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The ACA open enrollment period has passed but North Carolina is hoping to assist fruit and vegetable pickers. Migrant workers – who are very common in agriculture, particularly when the harvesting seasons begin – are integral to the food production industry are receiving assistance from the Affordable Care Act in the form of an event that will make it easier for them to purchase health plans that will provide them with medical insurance coverage. This event is being run under the ACA and was sponsored by Get Covered America and…

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University of Toledo student insurance no longer required

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There is no longer a regulation for enrollment, but it remains possible to voluntarily enroll if desired. The student insurance that used to be required for everyone going to the University of Toledo has now been changed to a voluntary coverage, which is available to anyone who Is taking at least one credit hour per semester. The reason behind the decision is that many of the students attending the university no longer require the coverage. The reason is that because of the federal health care reforms, student insurance often overlaps…

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