high deductible health insurance Archives

Private health insurance out of pocket costs spike sharply

June 29, 2016June 30, 2016 Logan B.

Covered California exchange health insurance coverage

Even with coverage, patients visiting hospitals have found that the expenses they pay themselves are up 37 percent. The results of a recent study are adding even more evidence that private health insurance coverage isn’t stopping rising expenses. The research pointed specifically to high-deductible plans that are a top choice among employers. These keep premiums low but can lead to higher out of pocket expenses. Though this keeps the initial health plan costs down, it can add up at times when claims are made. Researchers from the University of Michigan…

High deductible health insurance policies are becoming more common among consumers

September 25, 2015September 23, 2015 S.Vagus

Many consumers show favor for high deductible plans because of the money they can save on premiums More consumers are beginning to favor high deductible health insurance plans, especially as employers begin shifting insurance costs to workers. High deductible plans have proven interesting to consumers because they have lower monthly premiums. Cost has been an issue that has prevented many consumers from purchasing health insurance policies. With premiums on the rise, many people are looking for ways to keep their costs down, and high deductible policies may be the best…

Cancer insurance website features importance of awareness as well as coverage

April 10, 2013February 28, 2014 Julie Campbell

The site may recommend the additional protection that a policy can provide, but it also provides additional resources. A cancer insurance specialty website called CancerInsuranceInfo.com has just re-launched with a new design and direction that is geared toward assisting individuals not only in obtaining the coverage that they need, but also in improving the way that they live their lives to stay healthier and make a bigger difference to those who already have the disease. The website shows that while coverage gives peace of mind, the true goal is to…

Health insurance plans often place a large amount of expense on customer shoulders

October 6, 2012October 6, 2012 H. Cutner

Lower premium policies are leading to high costs that can be financially crippling. A first of its kind American health insurance analysis of over 6,000 plans that are geared toward families and individuals has shown that the majority of people who enroll in them are at risk of facing tremendous out of pocket medical expenses that could cause them to face financial ruin. Plans that feature lower monthly premiums often have high limitations to the coverage they provide. For this reason, it is not uncommon for people to face enormous…

Health care reforms will place limits on costs paid by employees

September 27, 2012September 27, 2012 H. Cutner

Health Care Reforms Small Business Health Insurance

Workers may no longer need to fear continuing spikes in out of pocket costs. In the pre-health care reforms environment, it had become a significant trend among small businesses to repeatedly hike deductibles and other costs that their workers were required to pay out of pocket in order to ensure that they would be able to continue to offer medical insurance in as coverage prices continue to rise. Now, the Affordable Care Act will limit the amount of cost that employers will be able to shift to workers. The federal health…

Health insurance premiums on the rise in 2012

September 14, 2012September 14, 2012 S.Vagus

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…

The high deductible health plan is becoming the industry standard

June 4, 2012June 4, 2012 Nordstrom

Businesses and individuals alike are trying to save money by increasing their up-front costs. Though a high deductible health plan had once been considered a last resort alternative for companies that had limited resources, are now becoming the new normal, including among Fortune 500 corporations. According to a senior actuary at Towers Watson, Mark Olsen, “A number of employers have looked at this over the last couple of years, and they’ve said, ‘No, this isn’t the year, no this isn’t the year.” However Olsen added that this year, they have…