Tag: medical expenses

Michigan insurance news – no-fault fund transparency

Michigan Auto Insurance news

  Every car in Michigan pays a $175 yearly fee to the Michigan Catastrophic Claims Association. In recent insurance news, one Judge in Ingham county decided that the public fund should be open for review so residents can understand how the fund sets the annual rate. No-fault and catastrophic loss The MCCA was created by state legislation to help Michigan insurance companies that pay out more than half a million in claim money to people in car accidents and suffer life altering injuries. This limit is for individual claims. Residents have…

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Medicare supplemental health plans may be facing new limits

Julie Campbell

Supplemental health plans for Medicare insurance beneficiaries may soon be facing cutbacks as a result of the major reductions being made in the budget as a result of the special U.S. Congress deficit reduction panel. Medigap insurance plans provide additional coverage for many elderly people who have Medicare. These are individuals often live on fixed incomes. They rely on Medigap to protect them from the many deductibles and expenses for which Medicare does not provide coverage. A lobbyist that has been keeping track of the latest “super committee” developments explained…

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Vermont adopts single-payer health system

The state of Vermont is edging closer to a single-payer health system. The new system would have state residents transition into a publicly funded insurance program that would be responsible for paying hospital bills and other medical expenses. The system has received approval from the state Legislature and is to be built as soon as possible. Vermont is the first state in the U.S. to adopt a single-payer health system. Legislators will have to iron out the specific regulations that will govern the system before anyone can begin using it.…

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