Online health insurance marketplaces reopen following Biden executive

Online health insurance -US President Joe Biden Signs Orders to Reopen Obamacare Enrollment, Review Trump Health Policies - YouTube

The new US president signed the executive order saying that he was undoing “damage” from Trump. US President Joe Biden signed an executive order at the end of last week reopening the online health insurance marketplaces for people without coverage through employers. This move restores access to the healthcare.gov insurance exchange from February 15 to May 15. According to President Biden, the order to open a new online health insurance marketplace window was meant to undo the “damage” his predecessor Donald Trump had done, said a Reuters report. This executive…

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Telehealth insurance claims from private policies up by 4,347 percent

Telehealth insurance claims - mobile phone and stethoscope

This trend was led by the Northeastern US, where the increased reached a much higher 15,303 percent. The latest FAIR Health report recorded a striking increase in the number of telehealth insurance claims in the United States, which rose by 4,347 percent compared to last year. This dramatic trend is directly linked with the coronavirus pandemic precautions since March. The leading reason that people filed telehealth insurance claims was for mental health conditions. The next most common reason for using these services was for respiratory diseases and infections, then joint/soft…

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Millions of Americans are losing employer sponsored health insurance plans

Employer sponsored health insurance - stethoscope - heartbeat monitor - glasses - pills

As workers across the country have been laid off, they’ve also been losing their medical coverage. Employees across the country who had been enjoying employer sponsored health insurance are suddenly finding themselves without a plan as the coronavirus causes millions of layoffs. In many states, the rates of uninsured residents are jumping from single to double digits. As though losing a job wasn’t enough as pandemic prevention efforts continue to hold in place, many Americans who had been covered through employer sponsored health insurance are losing their coverage, too. This…

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US health insurance gaps may accelerate COVID-19 spread

US health insurance gaps - COVID-19 Testing

Over 27 million people across the United States lack coverage, which can reduce testing and treatment. The substantial US health insurance gaps that remain across the country could feed the spread of the novel coronavirus. As about 9 percent of the American population – around 27 million people – lack a health plan, testing and treatment comes with a cost they may not be able to afford. Without coverage people may delay going to get tested or treated or they may not do it at all. In the state of…

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New York health insurance extension gives state residents an additional week

Disability Insurance

The additional seven days will help New Yorkers to obtain the coverage they need in time. Residents of the state are receiving an additional week in which to purchase coverage within the New York health insurance deadline. This added seven days will help people to make sure they can get the health plans while shopping on the state exchange. Following the extension, the new deadline for state residents has become February 7. The new deadline gives residents an additional opportunity to shop on the New York health insurance exchange. This…

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California health insurance subsidies now apply to more middle-income families

California health insurance subsidies - Covered California - YouTube

As the open enrollment period begins, more state residents will qualify for financial assistance. Open enrollment began as of yesterday, and a higher number of middle-income families will discover that they qualify for California health insurance subsidies for next year’s coverage. The open enrollment period for the Covered California exchange is October 15 to January 31. Families who have enrolled for their health plans by December 15, regardless of whether they qualify for California health insurance subsidies, will have coverage effective January 1, 2020. That said, their coverage will begin…

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US Health insurance rebates may reach record levels in 2019

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A new report has indicated that the Affordable Care Act refunds could hit $1.4 billion this year. The provision of the Affordable Care Act (Obamacare) which provides millions of Americans with health insurance rebates is expected to reach a record high level this year. Health insurance customers may be receiving more in refunds this year than ever before. In 2012, a component of the Affordable Care Act went into effect which required insurers to pay their customers a medical loss ratio (MLR) payment every fall under certain circumstances. If those…

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