With the start of the new year, many people have made resolutions to save more money, and in that effort, it is not uncommon to look over health insurance coverage to make sure that what has already been purchased or what will be purchased in the near future will include the best possible savings but with the coverage that makes the most sense to each individual. Use the following tips to help achieve this goal: • Do your homework and compare all of the different health plans available to you…
Read MoreTag: Texas health insurance
California is among the worst states in the country for residents without health coverage
The results of a new study are showing that in 2010, California was the state with the most residents – approximately 7 million – who do not have health insurance coverage. According to the California HealthCare Foundation’s data, around 1 million children and 6 million residents under the age of 65 did not have health insurance. Among the nonelderly population of the state, an average of 21 percent were not covered by health insurance over the three years from 2008 through to the end of 2010. On the national list,…
Read MoreTexas Consumer Health Assistance Program to come to an end after a short year of operations
The Texas Consumer Health Assistance Program, a state-run program meant to help consumers find affordable health insurance, is scheduled to be shut down this April after only a year of operation. The program was established in January last year with the help of a $2.8 million federal grant. More than 6,000 consumers had used the service to find insurance coverage and the program was responsible for over 160 events geared toward raising awareness of insurance options. Despite the benefits the program had brought consumers, however, it will be shutting down…
Read MoreTexas lawmakers look to rebuke application for medical loss ratio exemption
Texas legislators are urging the state’s Insurance Commissioner, Eleanor Kitzman, to withdraw an application for exemption from the medical loss ratio provision of the Affordable Care Act. The provision requires health insurers to pay no less than 80% of the money they collect through premiums on improving medical care. The provision has been a point of contention for insurers, who have fled some states that were unable to attain a waiver from the rule. Commissioner Kitzman is looking for an exemption to prevent an exodus of insurers from the state.…
Read MoreAmerican employers are using more insurance plans with high deductibles
A new survey has shown that employers in the United States who are struggling to manage the increasing costs of healthcare insurance are broadening the use of plans with high deductibles to help to keep the monthly premiums at a more affordable level, since more of the burden of medical expenses is falling on the employees. A Mercer benefits consulting firm survey, which involved the participation of 2,844 public and private employers, showed that this year, 32 percent of businesses that employ more than 500 people now have high-deductible health…
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