Car dealer’s approach to health insurance lifts employees and profits

LAKELAND, Fla. — As working Americans struggled to manage the rising cost of health care, one Lakeland car dealership has developed a new way of trying to close the door on higher costs. “It had everything to do with the price of insurance for our employees and the lack of benefits that they got,” explained … Read more

Group health policies see rise in premiums in renewal cycle, shows data

Group health insurance policies up for renewal in the current renewal cycle saw price correction, where insurers revised their premiums upwards. While in some cases premiums went up 15-18 per cent, others saw a marginal increase of 5 per cent, with the median increase being 10 per cent, said insurers and brokers. Medical inflation, losses … Read more

Health insurance take 20-46 days to settle patients’ claims: report

Photo: iStock Settlement of expense reimbursement claims under health insurance policies on an average takes about 20 to 46 days from the date of intimation to the insurer, said a study conducted by insurtech platform SecureNow. The company said the industry data tabulated by it also shows that patients are quite prompt in informing the … Read more

Q&A: Colorado Division of Insurance Commissioner Michael Conway | Business

Just days after the most destructive wildfire in Colorado’s history, Colorado Division of Insurance Commissioner Michael Conway called a virtual town hall for the hundreds of victims who lost their homes in Boulder County. The Marshall fire burned more than 6,000 acres between Louisville and Superior on Dec. 30, destroying almost 1,100 homes and businesses … Read more

Q&A: Colorado Division of Insurance Commissioner Michael Conway | News

Just days after the most destructive wildfire in Colorado’s history, Colorado Division of Insurance Commissioner Michael Conway called a virtual town hall for the hundreds of victims who lost their homes in Boulder County. The Marshall fire burned more than 6,000 acres between Louisville and Superior on Dec. 30, destroying almost 1,100 homes and businesses … Read more

Key factors that affect your health insurance premium

Health insurance saw a massive rise in the times of COVID-19 and with it, the premiums weren’t any cheaper. Pankaj Arora, MD and CEO, Raheja QBE General Insurance says, “People are generally less aware of the processes involved in calculating premiums, which leads them to pay the provider unknowingly. It is always better to know … Read more

Here’s why health savings accounts may contribute to inequality

The Good Brigade | digital vision | Getty Images A popular way to save for out-of-pocket medical expenses might be contributing to health-care inequality, new research suggests. Health savings accounts are tax-advantaged accounts available to Americans with high-deductible health insurance policies. Federal law established them in 2003. Since then, HSAs have grown quickly as employers … Read more

Here’s why health savings accounts may contribute to inequality

The Good Brigade | digital vision | Getty Images A popular way to save for out-of-pocket medical expenses might be contributing to health-care inequality, new research suggests. Health savings accounts are tax-advantaged accounts available to Americans with high-deductible health insurance policies. Federal law established them in 2003. Since then, HSAs have grown quickly as employers … Read more

Nova Benefits rolls out same-sex corporate health insurance cover for companies

Nova Benefits, an employee wellness platform centered on corporate health insurance, has announced the roll-out of LGBTQIA+ or same-sex corporate health insurance cover for companies, said a statement issued today. The firm aims to provide companies with equal and inclusive high-quality employee wellness benefits. It is currently providing LGBTQIA+ corporate health insurance to several companies, … Read more

Revolutionizing health insurance – Hindustan Times

The National Health Policy (NHP) of 2017 listed among its foremost objectives, the achievement of universal health coverage. Achieving a significant reduction in out-of-pocket expenditure due to health care costs was another key objective. Ayushman Bharat Pradhan Mantri – Jan Arogya Yojana (AB PM-JAY) was conceived out of this vision to move towards a more … Read more