Category: Insurance

Since all the documents are transacted online and maintained, it also improves transparency between the insurer and insured.

Buying of health insurance and motor insurance policies is going to be entirely online. From filling up the application form to receiving the policy documents, the process will become entirely digital in the time to come. The IRDAI has issued a circular to all General and Health Insurers, for the issuance of Electronic Policies and dispensing with physical documents and wet signature on the proposal form in respect of health insurance policies.

As per the circular, the IRDAI states that in the wake of Covid-19 pandemic, the Authority had received representations from the insurance companies for an exemption to all individual and retail health insurance policies issued by general and health insurance companies from the requirement to issue physical policy document and hard copy of proposal form.

Consequently, the IRDAI has granted

Walking into a cancer center in search of a diagnosis can be frightening, but it gets a little less so each time I do it. I know where the good parking spots are, what departments have snacks, and which doctors tell you the whole truth. I’m highly accomplished at cancer. But last summer, for the first time ever, I walked into my cancer center without an essential tool: health insurance.

Unlike so many people in the United States, my husband and I had a choice after we joined the 26.1 million Americans who had no health insurance in 2019. I say “choice,” though all our options were bad.

We are middle-income, with an adjusted gross that fluctuates between $80,000 and $120,000. But because we are self-employed, that income gets chiseled away aggressively by health insurance. Until May 2019, the two of us were paying $25,000 a year for a “gold”

What Is COBRA Insurance and Is It Worth It?

The Consolidated Omnibus Budget Reconciliation Act, commonly known as COBRA, is a federally mandated program through which you can retain your employer’s policy for up to 18 months. If you do elect COBRA coverage, be prepared to pay significantly higher monthly premiums; you’ll be required

CHARLESTON, W.Va. — For a fifth year, those with West Virginia Navigator are preparing to offer help to West Virginians enrolling for the first time or re-enrolling for health insurance plans on the marketplace, created in the Affordable Care Act, starting later this fall.

The enrollment period for the coverage year that begins Jan. 1, 2021 for people who don’t have other health insurance options like employer, Medicare, Medicaid or Veterans Affairs plans opens Nov. 1 and continues through Dec. 15 via healthcare.gov.

Typically, Jeremy Smith, program director for West Virginia Navigator, said navigators assist some of the same people seeking coverage on the marketplace exchange each year.

2020 will likely change that.

“With COVID-19 hitting over the past year, we know that thousands of people in West Virginia have lost their employer-based insurance,” Smith said.

“We know that there’s this whole new group of people that need health insurance

The Riverside School District could be forced to pay certain uncovered medical expenses for teachers if a judge affirms an arbitrator’s ruling that held it responsible for rate changes that occurred after two insurance companies merged.

The potentially precedent-setting case centers on a dispute over whether the merger of Blue Cross of Northeastern Pennsylvania and Highmark Blue Cross Blue Shield equates to a change in carriers that resulted in a decrease in benefits for union members, which would violate the most recent contract.

The dispute arose in 2017, after a retired teacher complained her out-of-pocket expense for mental health treatment increased because the amount Highmark paid the physician — known as the “allowable rate” — was less than what Blue Cross of NEPA had paid. The contract calls for employees to pay 20% of that fee, which resulted in her cost increasing from $51.80 to $100.48 per visit.

While the

The coronavirus pandemic has rattled the world’s heath industry and India is no exception. With only 14% to 16% of Indians having health insurance and the Indian federal government spending on health at roughly 1.13% of the GDP as of 2019, the case for opting for health insurance as a must-have financial service is impregnable.

A population of 1.38 billion people requires tailor-made efforts to fill significant gaps that exist in the healthcare facilities available to Indian citizens. 

The Government’s National Health Protection Mission, called Ayushman Bharat Prime Minister’s Jan Arogya Yojana, is aimed at providing insurance to the underserved.

Another popular project of the government is the Rashtriya Swasthya Bima Yojana for insurance to the workers in the unorganized sector which too attempts to cover the twin challenges of affordability and accessibility.

While the two government programmes are works in progress, the citizens out of the purview of

(Photo: Shutterstock)

Employers have an opportunity to help employees avoid making common mistakes in health insurance and retirement savings choices, thereby improving employee well-being and maximizing their long-term financial stability, according to a new study by TIAA Institute.

The TIAA analysis correlated two studies — one on mistakes employees make when choosing health insurance plans and another on retirement savings mistakes — to see if employees who make mistakes in one domain also make mistakes in the other.

Understanding correlations in mistakes across domains can help employers create targeted interventions during open enrollment and educate employees about shifting spending in one area to a better option in another area to their benefit, the study said.

Employee health plan decision-making

The study of a large university’s administrative data over four years found a large majority of those studied selected one of the two more expensive health insurance plans offered, even when

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• Small business owners should focus on coverage, the number of employees, employee premiums and shopping when looking for an insurance provider.
• Offering health insurance to employees can help to attract and retain top talent and provide tax benefits for your business.
• There are several ways to find insurance, including contacting providers directly and using a broker.
• This article is for small business owners who want to learn more about small business health insurance and how to get it for their own business.

Navigating small business health insurance can be one of the hardest parts of running your small business, as there are many options and rules to figure out, and if your small business doesn’t have a full human resources department, you’re left to work it out on your own. Use this guide to help you learn about how small business health insurance