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Workers and their employers are paying a lot more for job-based health insurance this year.
The annual cost of family health insurance coverage at work soared to an average of nearly $24,000 this year, according to KFF’s Employer Health Benefits Survey, released Wednesday. That’s up 7% from last year.
Employees are shelling out an average of $6,575 for their share of the premium, up almost $500, or close to 8%, from last year, the annual survey found. Their companies are footing the rest of the bill.
“We have a huge premium increase this year. There’s just…
The General Insurance Council (GIC) in consultation with general and health insurance companies has launched the ‘Cashless Everywhere’ initiative to extend the cashless treatment at all hospitals. Health insurance policyholders can now avail of cashless facilities even at hospitals that are not in the network of the insurers.
What is the new rule? How to get cashless treatment at any hospital? ET Wealth Online explains.
Cashless hospitalization under health insurance: What is going to change?
Until now, a health insurance policyholder can get cashless treatment only at network hospitals with whom the insurance company has tied up. The insurance company…
3 min read Last Updated : Jan 25 2024 | 5:58 PM IST
The General Insurance Council (GIC) has announced the launch of a new “Cashless Everywhere” initiative that aims to make treatment and payments more seamless for policyholders.
Tapan Singhel, MD & CEO of Bajaj Allianz General Insurance and Chairman of the General Insurance Council, announced the initiative on Thursday, stating that the initiative would make it easier to avail treatment from medical centers outside the network of the insurance company.
How does health insurance work?
Insurance policies can be purchased through a number of private insurers, provided by…
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CHANGE TO ALL KIDS 1095-B PROCESS
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Be Sure to Pay Your Premium Before You Renew
To make your renewal process faster, your premium for the previous coverage year must be paid before coverage will be renewed. Premiums can be paid online on the ALL Kids website, and by clicking the “Pay My Premium” link attached below.…
In February, the Mississippi House of Representatives voted for full Medicaid expansion under the Affordable Care Act (commonly referred to as “Obamacare”). That plan went over like a lead balloon with Republican senators, who developed their own Medicaid expansion plan, one which stopped short of full expansion.
Proponents of Medicaid expansion in Mississippi have asserted two primary goals:
• Providing health insurance for “the working poor” who do not currently have access; and
• Addressing uncompensated care for hospitals.
The Senate’s plan is more narrowly tailored to the stated goals of proponents. (It should be noted that the stated goals…
Georgia Democrats on Capitol Hill are again expressing concern over the number of children losing their health insurance coverage during the nationwide Medicaid redetermination process, which has been ongoing since last spring after COVID-19 public health emergency protections ended.
As of last fall, roughly 150,000 Georgia children had their health coverage cut off, according to the United States Department of Health and Human Services (HHS).
The agency has repeatedly urged the state to do more to keep kids covered.
Now, Mon. Jon Ossoff and Rep. Lucy McBath has sent a joint letter urging Gov. Brian Kemp to improve the state’s…
Governor JB Pritzker joined doctors, patients, stakeholders, and legislators to highlight efforts to reform predatory health insurance practices and protect patients. The Healthcare Protection Act (HPA), first introduced in the governor’s FY25 Budget Address in late February, aims to put power back into the hands of patients by banning step therapy, banning prior authorization for crisis mental health care, improving network adequacy, and ending unchecked rate increases for large group insurance companies. HPA is targeting utilization management, which often forces consumers to obtain permission from their providers before receiving care that doctors have already determined is necessary. This increases profits…
The newly-introduced maternity insurance plans are reshaping the way individuals approach family planning and financial security. Traditionally, maternity coverage comes with substantial waiting periods, often spanning across two years.
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However, with the advent of innovative insurance schemes, these barriers are rapidly diminishing.
The latest offerings in maternity insurance not only slash the waiting period to nine months but also introduce a revolutionary concept — the transferability of waiting periods to spouses.
This means that individuals who have fulfilled their waiting period can pass on this benefit to their partners, allowing for immediate coverage from day one of maternity insurance…