Tag: medical insurance

Amerigroup acquired by WellPoint health insurance

Dan
Wellpoint Headquarters in Indianapolis

The purchase will be for a reported $4.5 billion to play a bigger role in the expansion of Medicaid. WellPoint Inc., the health insurance company, has announced that it will be purchasing its rival Amerigroup Corp., for $4.46 billion, in a play to take a bigger part in the Medicaid expansion. This buyout was announced not long after the Supreme Court upheld the healthcare reforms The Affordable Care Act is expected o increase the number of Americans covered by health insurance by an estimated 30 million people. According to a…

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The increased popularity of health plans with high deductibles are causing workers to pay more

As a growing number of companies are seeking to be able to continue to afford to provide their workers with health insurance, plans with high deductibles are becoming increasingly popular and are requiring those employees to pay more while receiving less. According to the Employee Benefit Research Institute’s survey data from December, 2011, 27.7 million people of working age had a health insurance plan with a deductible of a minimum of $1,000 for individuals and a minimum of $2,000 for families. According to the report on the survey, the percentage…

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Using wellness benefits to their best advantage in 2012

High Risk Health Insurance

Many forms of health coverage, offer benefits for “wellness” and “preventive care”, which can help you to better take advantage of what is available to you in order to achieve greater health. Among the benefits of preventive coverage is that there are no co-payments, deductibles, or co-insurance payments that must be made by the policyholder, as is the case when the condition is already diagnosed and treatment must be covered. This type of benefit is seen in insurance plans either because they are required by state or federal regulations, or…

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Sporadic health insurance coverage could be just as bad as no coverage at all, according to new study

S.Vagus

Having sporadic health insurance coverage may seem like a good idea for those that have trouble making ends meet, but the costs may be the same as not having any insurance coverage at all. A recent study from the Kaiser Permanente Center for Health Research shows that diabetic patients with sporadic insurance coverage were very likely to skip preventative care and examinations. According to the study, these patients skipped out on tests just as frequently as people without any insurance coverage. In the end, a plan that was meant to…

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Maryland health insurance exchange board submits recommendations to state legislators on how to build an exchange program

S.Vagus

Maryland lawmakers are scheduled to consider recommendations from the Board of the Maryland Health Benefit Exchange regarding how the state should construct and insurance exchange system. The board introduced their recommendations to the General Assembly on Tuesday, but legislators will not decide what to do until the beginning of next year. The state is required to establish an insurance exchange system by federal law, but Maryland legislators have been slow in passing any new laws that would make the program a reality. The insurance exchange board was formed to guide…

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