insurance Archives

CNO Financial Group Launches myHealthPolicy.com to Provide Health Insurance to Consumers Nationwide

October 1, 2020

CARMEL, Ind., Oct. 1, 2020 /PRNewswire/ — CNO Financial Group, Inc. (NYSE: CNO) launched today a new online health insurance marketplace, myHealthPolicy.com, initially focused on helping Medicare beneficiaries learn about and enroll in Medicare Advantage and Prescription Drug plans.

With the goal of providing consumers with a convenient way to compare, buy or switch plans, myHealthPolicy.com offers the ease of online enrollment with the personal assistance and one-on-one consultation of a local insurance agent.

“An important feature of myHealthPolicy.com is that consumers can be helped by a licensed agent in their community who is familiar with local provider networks and can bring that knowledge into the decision process, in addition to being able to quickly connect with a tele-sales agent who can answer immediate questions,” says CNO Consumer Division President Scott Goldberg. “We have over 2,000 agents exclusively connected to this platform who are certified to sell Medicare

Health insurance hike for small business OKd, but full impact of COVID-19 unknown

October 1, 2020

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| Health Plans

The full impact of COVID-19 on future health insurance premiums has yet to be seen, but at least in New York for 2021, state regulators approved a 4.2% average rate increase for the small group market, the second lowest in a decade.

That is a break considering insurers requested an average rate increase of 11.4% in the small group market, which covers employers with 1 to 100 employees.

Still 4.2% is an average across the multiple carriers and plans throughout New York State with some plans seeing higher increases on top of increases small businesses have already endured over the years, say experts.

“The concern is, on the surface, the increases are incremental, but that’s on top of prior year increases,” says Gregg Pajak, president and founder of WizdomOne Group Family of Companies, an Islandia-based risk and investment management firm.

Health insurance cutoffs loom – StarTribune.com

October 1, 2020

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| Health And Wellness

Jeremy Fritz stopped working as an assistant manager for a fitness center in Carlsbad, Calif., during the pandemic lockdown in the spring when gyms were first closed.

By the end of April, the company operating the fitness center, Active Wellness, eliminated his health insurance. And in July, he was laid off when it became clear the center where he worked would be closed through 2020. Most of the small company’s gyms are still shuttered.

Losing coverage in the middle of the coronavirus crisis, as millions of other Americans have, was like “going into this thunderstorm without an umbrella,” Fritz recalled. Active Wellness put him in touch with an insurance broker, which helped him and his husband sign up for a plan under the Affordable Care Act.

For people such as Fritz, as well as those who qualify for Medicaid under the law, “there is still a safety net that wasn’t

U Maine System says retiree health insurance change will save money, expand benefits

October 1, 2020

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| Health Benefits

The University of Maine System is expecting to generate $2.5 million in annual savings through a change in health insurance coverage for retired employees that it says will expand benefits and provide more flexibility, despite recent concerns raised by former employees and lawmakers about the change.

In a letter to state lawmakers Wednesday, system Chancellor Dannel Malloy said no U Maine System retiree or their spouse will lose health care benefits as the system prepares to change from a group benefits plan to a Medicare exchange.

“The actions we are taking will greatly expand the benefits available to our retirees even as they permit UMS to manage its limited public resources more efficiently,” Malloy said. “We are fully committed to our retirees and will simply not allow this transition to result in any retiree losing supplemental coverage.”

The letter goes on to say that the health insurance change is expected

Health insurance premiums for 2021 benefits announced | Vanderbilt News

September 30, 2020

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| Health Benefits

Monthly health insurance payroll premiums for 2021 benefits are now available. If you are paid biweekly or weekly, these amounts will be divided equally between your first two or four paychecks of each month.

Employees with salaries of< $60,000	Fully Benefits-Eligible Employee Premiums				Partially Benefits-Eligible Employee Premiums
Employees with salaries of< $60,000	Employee	Employee + Spouse	Employee + Children	Family	Employee	Employee + Children
Choice CDHP	$68	$179	$151	$254	$85	$302
Select PPO	$127	$331	$279	$469	N/A	N/A

Employees with salaries of$60,000– $149,999.99	Fully Benefits-Eligible Employee Premiums				Partially Benefits-Eligible Employee Premiums
Employees with salaries of$60,000– $149,999.99	Employee	Employee + Spouse	Employee + Children	Family	Employee	Employee + Children
Choice CDHP	$88	$228	$194	$326	$176	$388
Select PPO	$163	$423	$359	$604	N/A	N/A

Employees with salaries of> $150,000	Fully Benefits-Eligible Employee Premiums				Partially Benefits-Eligible Employee Premiums
Employees with salaries of> $150,000	Employee	Employee + Spouse	Employee + Children	Family	Employee	Employee + Children
Choice CDHP	$101	$263	$222	$374	$202	$444
Select

From driving license to health insurance, five new rules from October 1

September 30, 2020

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| Health Plans

From October 1, five rules that concern our daily lives will change. Of the new rules which will come into effect from Thursday, while some will benefit people others will cause some inconvenience.

Here are new rules that will kick in from October 1:

Getting driving licenses to become easier: The government has said all documents related to driving license and e-challan shall be maintained on an online portal from October 1. Also, not many documents will be needed to get a driving license. Additionally, no hard copy will be asked for documents found valid electronically. Details of driving licences disqualified or revoked by the licensing authority will be recorded on the e-portal and updated periodically.

More facilities in health insurance: According to insurance regulator IRDA, three major changes will be introduced in health insurance. First, insurance companies will make their policies easier so that

More than 40,000 Hawaii residents have lost health insurance amid pandemic

September 30, 2020

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| Dept Of Health

HONOLULU, Hawaii (HawaiiNewsNow) – More than 40,000 Hawaii residents have lost their private health insurance coverage amid the pandemic and been forced to go on a government plan.

Hospital image

© Provided by Honolulu KHNL
Hospital image

According to the state Department of Human Services, enrollment in the state Med-Quest or Medicaid program has jumped 13% to a record 376,000 residents ― from 333,000 in September 2019.

Nearly all of them come from households that have suffered job losses and have had their employer health insurance coverage cut off.

“The number of people who are going on Quest, that’s a clear indication of those who have fallen into a category of economic challenge or economic despair even,” said Lt. Gov. Josh Green.

“I believe 3,000 additional children have been added to Medicaid and that’s often because of their entire family has gone on.”

The DHS said enrollment is up in all counties:

Global Health Insurance Market Is Expected to Reach USD 2021.62 billion by 2027 : Fior Markets

September 30, 2020

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| Global Health

Newark, NJ, Sept. 30, 2020 (GLOBE NEWSWIRE) — As per the report published by Fior Markets, the global health insurance market is expected to grow from USD 1465.8 billion in 2019 and to reach USD 2021.62 billion by 2027, growing at a CAGR of 4.7% during the forecast period 2020-2027.

The global health insurance market is witnessing significant growth from recent years. This growth is attributed to the increasing geriatric population, high medical costs, government initiatives for developing reimbursement policies for surgical procedures, and the need for an efficient flow of processes without any inconvenience caused due to the payment process. The increased cost of healthcare services and the high prevalence of lifestyle diseases will propel the market growth.

Health insurance is referred to as insurance that covers medical expenses that arise due to illness. These medical expenses can be related to hospitalization costs, cost of medicines or doctor consultation

Health insurance a no-brainer for Nevadans, thanks to Nevada Health Link

September 30, 2020

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| Good Health

This opinion column was submitted by Heather Korbulic, executive director of the Silver State Health Exchange.

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Say the words “health insurance,” and eyes glaze over. Let’s face it: The health care insurance landscape is complex and confusing, even to seasoned insiders like me. That’s why the Silver State Health Insurance Exchange, Nevada’s state agency that offers plans that cover the 10 essential health benefits, works hard to make it easy for Nevadans to get budget-appropriate health coverage through the online marketplace, Nevada Health Link.

With open enrollment just around the corner, starting on Nov. 1 and running through Jan. 15, now is the time to start thinking about health care coverage for 2021. And beginning Oct. 1, Nevadans can “window shop” online at NevadaHealthLink.com, for a plan that works for them, their families and their budgets.

This allows consumers the opportunity to preview and compare all Nevada Health

Health insurance a no-brainer thanks to Nevada Health Link

September 29, 2020

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| Good Health

Heather Korbulic
Published 2:18 p.m. PT Sept. 29, 2020

This opinion column was submitted by Heather Korbulic, executive director of the Silver State Health Exchange.

Heather Korbulic (Photo: Provided to the RGJ)

Say the words “health insurance,” and eyes glaze over. Let’s face it: The health care insurance landscape is complex and confusing, even to seasoned insiders like me. That’s why the Silver State Health Insurance Exchange, Nevada’s state agency that offers plans that cover the 10 essential health benefits, works hard to make it easy for Nevadans to get budget-appropriate health coverage through the online marketplace, Nevada Health Link.

With open enrollment just around the corner, starting on Nov. 1 and running through Jan. 15, now is the time to start thinking about health care coverage for 2021. And beginning Oct. 1, Nevadans can “window shop” online at NevadaHealthLink.com, for a plan that works for them, their families and

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Tag: insurance

Health insurance hike for small business OKd, but full impact of COVID-19 unknown

Health insurance cutoffs loom – StarTribune.com

U Maine System says retiree health insurance change will save money, expand benefits

Health insurance premiums for 2021 benefits announced | Vanderbilt News

From driving license to health insurance, five new rules from October 1

More than 40,000 Hawaii residents have lost health insurance amid pandemic

Global Health Insurance Market Is Expected to Reach USD 2021.62 billion by 2027 : Fior Markets

Health insurance a no-brainer for Nevadans, thanks to Nevada Health Link

Health insurance a no-brainer thanks to Nevada Health Link