Under the IRDAI Vision 2047, the government is aiming to provide “Insurance for All” by 2047.
The Association of Healthcare Providers India (AHPI) has lauded the Ministry of Finance for contemplating setting up an independent regulator for health insurance.
The ministries of finance and health are under discussion over the need for a sector watchdog to help achieve the IRDAI Vision 2047.
The AHPI, representing a vast majority of private sector hospitals in the country, is also represented on the IRDAI advisory for the healthcare sector.
In an official letter, the AHPI said, “This is a welcome move as making…
As January 16 coverage deadline approaches, Biden-Harris Administration continues to encourage Americans to sign up for quality, affordable health care coverage
ACA Marketplace National Enrollment Snapshot
Under the Biden-Harris Administration, the U.S. Department of Health and Human Services announced today that over 20 million people have selected an Affordable Care Act (ACA) Health Insurance Marketplace plan since the 2024 Marketplace Open Enrollment Period launched on November 1 — a record number of enrollments.
Today’s data represents activity through December 23 (Week 8) for the 32 states using HealthCare.gov and for the 18 states and the District of Columbia with State-based…
New York
CNN
—
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…
More Australians see health insurance’s value | Insurance Business Australia
Life & Health
More Australians see health insurance’s value
Report covers figures related to hospital treatment and extras cover
Life & Health
By Roxanne Libatique
More Australians are seeing the value of health insurance, with the Australian Prudential Regulation Authority’s (APRA) latest data showing an increasing number of private health insurance (PHI) members.
From June to September 2023, the number of people with cover for hospital treatment ballooned by 89,000. Meanwhile, the number of people with extras cover for services such as dental, optical, and physio rose by 86,000.
Members…
Suriyapong Thongsawang | Moments | Getty Images
Why health insurance inflation is hard to measure
Health insurance prices are a tricky thing for economists to quantify.
The BLS doesn’t measure direct consumer costs such as monthly premiums. That’s because those premiums don’t buy the same quality of insurance. Benefits and risk factors vary from policy to policy, for example.
“Price change between health plans of varying quality cannot be compared, and any quality adjustment methods to facilitate price comparison would be difficult and subjective,” according to a BLS fact sheet.
Instead, the agency measures health insurance inflation based indirectly partly…
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…
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…
Notices
CHANGE TO ALL KIDS 1095-B PROCESS
Most people do not need the 1095-B form to file their taxes this year. Therefore, ALL Kids will not mail a 1095-B form this year. If you still need a 1095-B form, please call ALL Kids Customer Service at 1-888-373-5437 and request one.
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.…