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Employers may take a different approach to health insurance

May 19, 2014May 17, 2014 S.Vagus

employer health insurance employee benefits

Employers may be looking to encourage workers to purchase their own health insurance coverage Employers in the U.S. may opt to pay their employees to purchase health insurance coverage. The Affordable Care Act has made insurance plans more accessible to a wide range of consumers through the establishment of insurance exchanges in every state. These exchanges exist as online marketplaces where people can find the insurance coverage they are interested in. Industry analysts suggest that the majority of those who currently receive insurance coverage from their jobs will move on…

Does health insurance reduce state death rates?

May 16, 2014May 14, 2014 Julie Campbell

A recent study has indicated that as people gain coverage, their risk of dying prematurely drops. The results of a study in Massachusetts have now been released which indicate that the more people gained health insurance in that state, the mortality rate also lowered at a similar pace. This study looked into the difference in death rate over a period of four years in the state. It examined the difference that was made as of the start of the universal health care coverage law in 2006, which required the residents…

Health care reform provision is helping consumer tremendously

May 15, 2014May 14, 2014 Logan B.

Medical loss ratio provision is turning out to be a major boon for consumers One of the provisions of the Affordable Care Act is having a major financial impact on the country by providing better benefits to consumers. The Commonwealth Fund has released a new report that highlights the affect that this provision of the health care reform law is having. The report shows that consumers have received some $3.25 billion in benefits over the past two years. This due to the provision known as the medical loss ratio. Provision…

Agents may be responsible for success of state’s health insurance exchange

May 15, 2014May 14, 2014 Marc

Insurance exchange reaches enrollment goals with the help of agents California officials have been boasting about the state’s insurance exchange achieving its enrollment goals, but insurance agents, rather than the exchange itself, may be the reason behind the high rate of enrollments. Covered California has been working to market its insurance services to consumers throughout the state for several months. The exchange encountered modest technical difficulties that had made the enrollment process problematic for many people, but these issues were overcome fairly quickly. Despite other problems, the exchange was able…

Health plan reserves for Louisiana state employees shrinks

May 14, 2014May 12, 2014 H. Cutner

The Jindal administration is blaming the higher cost of claims and declining premiums. It was only slightly more than two years ago that there had been about a $500 million in the health plan reserves for the state employee program in Louisiana, but that has changed considerably over that short period of time. The balance within the insurance fund has now dwindled to an amount that is about half that size. This reserve balance for the health plans is meant to help to cover the medical claims that are made…