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…
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…
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…
New York
CNN
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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
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.…
Everyone will experience aging, but can a person enhance their aging through simple modifications? UAB experts say yes.
Aging is a fact of life. Each year, a person finds themselves hitting new age milestones, decades and life seasons, all of which bring about physical, emotional and cognitive changes. In looking at aging, overwhelming evidence shows healthy lifestyle habits can improve a person’s well-being, ultimately making a difference in their quality of life throughout their lifespan.
Three University of Alabama at Birmingham experts weigh in and share tips for maximizing healthy substitutions and additions that can in turn increase one’s quality…