Tag: Medicaid coverage

Errors caused many low-income kids to be dropped from Medicaid health insurance

G. Turner
Health insurance - Kids, family, medical

Over 2 million children lost their coverage this year, but experts say that often, it was due to errors. At least two million kids from low-income families lost their Medicaid health insurance coverage this year as the federal policy from the pandemic era came to a close. This, according to new research analyses conducted by the KFF and the Georgetown Center for Children and Families. It is likely that the figure is notably higher, according to experts, as the shift occurred very quickly. According to a New York Times report,…

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Many lapsed Medicaid recipients will enroll in ACA health insurance plans

Logan B.
Health insurance - Affordable Care Act Form

Experts and insurers have predicted that after losing old coverage, there will be an influx of policy shopping. Health insurance companies and advisors alike are preparing for a notable surge of consumers looking for assistance in navigating Affordable Care Act enrollment after having lost Medicaid coverage in 2023. As of April, this year, the extensions for coverage that were put into place during the pandemic ended. Beginning April 1, 2023, the Medicaid and Children’s Health Insurance Program (CHIP) coverage extensions that were put into place throughout the worst of the…

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Medicare vs. Medicaid: What’s The Difference?

Guest Author
medicare vs medical

Just about everyone has heard of Medicare and Medicaid, however, not everyone fully understands just what they are, and the difference between the two. It is important to note that while the names might sound alike, they are completely different programs. While Medicaid is funded by social security tax contributions and is offered to those who meet certain income requirements, Medicare is available to most people who meet the age requirements, and is not based on income. Both programs are beneficial to millions of people in the United States, and…

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Long term care insurance is expensive, but more affordable than the costs it covers

G. Turner
Long term care insurance Piggy Bank Costs

Recent predictions show that over half of older Americans will need these costly services. According to the American Association for Long Term Care Insurance executive director Jesse Slome, around one in every six Americans is now older than 65 years, and the more the population ages, the shakier their financial position will be. While living longer lives is typically desirable, the cost of those years could lead to hardships. “Living a long life is something that many of us want and could get,” said Slome. “But when we live a…

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Number of Americans with health insurance hit record high in Q1 2023, said CDC

Nordstrom
Health insurance Coverage Q1 2023

That said, this figure was measured just before the changes to Medicaid rules were implemented. During the first quarter of this year, the number of Americans without health insurance dropped to a record low of 7.7 percent. Unfortunately, this record-breaking figure was achieved just ahead of the expiration of the rule implemented during the pandemic. In April, the Medicaid coverage of 15 million people was on shaky ground, possibly increasing uninsured rates. The data was measured in a survey released by the Centers for Disease Control (CDC) this month. It…

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