Tag: Health

Posted in Business

COVID-19 Health Innovation Collaborative Attracts Ideas from Across U.S. to Address Health Pandemic Challenges

Solutions aim to address gaps in pandemic response

JACKSONVILLE, Fla., Oct. 13, 2020 /PRNewswire/ — GuideWell Mutual Holding Corporation (GuideWell), the parent to a family of forward-thinking companies focused on transforming health care, announced 13 health-tech companies from across the nation will showcase solutions that address some of the major challenges of the current health pandemic today at the GuideWell COVID-19 Health Innovation Collaborative Showcase. A virtual substance abuse support system and an AI-powered COVID-19 symptom attestation platform are among the concepts and prototypes that will be featured.

GuideWell Mutual Holding Corporation (PRNewsfoto/GuideWell)
GuideWell Mutual Holding Corporation (PRNewsfoto/GuideWell)

All of the ideas focus on increasing the scope and scale of resources to reduce the complex stress factors COVID-19 is having on our country’s health care system. 

“Overcoming the health care challenges associated with COVID-19 requires out-of-the-box thinking from some of the brightest minds,” said Camille Harrison, senior vice president and chief operating officer

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Posted in Business

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

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.

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Posted in Insurance

Covid19 and health insurance: 3 major myths busted

The chaos around buying a health insurance cover against the corona virus illness has settled after the insurance regulator came out with a specific protection policy for covid 19. However, there are still a few doubts on buying of renewing the existing health insurance policy by people who are either at present under the attack of the virus or those who got the virus and have recovered now. We spoke to the two eminent players in the insurance industry to get the answers for the three most commonly asked questions on buying health insurance, impact on premium rates, change in policy term at the time of renewing the policy by those who were covid positive earlier.

Rakesh Jain, Executive Director and CEO, Reliance General Insurance and V Suryanarayanan, Managing Director of Chola MS General Insurance answered the questions to bust the myths. Here is what they said:

Myth 1: Buying

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Posted in Money

Airlines are testing a new COVID-19 digital health pass so passengers can easily prove they’ve tested negative for coronavirus

a group of people standing in front of a crowd: Lee Yiu Tung/Shutterstock.com

© Lee Yiu Tung/Shutterstock.com
Lee Yiu Tung/Shutterstock.com

  • Beginning this week, travelers on select airlines can download the CommonPass, which is a digital certificate passengers can use in order to prove that they’ve tested negative for the coronavirus.
  • The CommonPass is backed by The World Economic Forum and can be download to your phone.
  • The pilot program at the airlines begin as the coronavirus pandemic has led to a decrease in demand for flights, and over 32,000 US airline workers are in the process of getting furloughed.
  • Visit Business Insider’s homepage for more stories.

The airline industry is testing a new digital health pass that could remove some of the headaches associated with traveling amid a pandemic.


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Beginning this week, travelers on select airlines can download the CommonPass, a digital certificate that passengers can use in order to prove that they’ve tested negative for the coronavirus, the Financial Times

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Posted in Business

We Like Our Health Insurance And Working From Home

Jan Dubauskas is the Vice President of Healthinsurance.com.

We have experienced a lot of change throughout the course of the pandemic that has required us to reconsider our priorities and become nimble in the way we work and how we reach out to our clients. Many were skeptical that these changes would lead to similar productivity. However, as we prioritize our health during the pandemic, working from home has become important, and many (24%, according to CNBC) have adapted so well that they want to keep doing it.

When we first started working from home, the primary concern for many was to set up an office, retain camaraderie, and continue meeting with clients. During the spring, as I watched as annual springtime conferences got canceled or sent to an online format, I keenly felt the void previously filled by those intense social interactions. It seemed that with a bit

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Posted in Insurance

Health & Motor Insurance: From applying to receiving policy document, process to go entirely online

 buying health insurance, motor insurance policies, Electronic Policies, policy document, free-look, irdai,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

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Posted in Insurance

My Year Without Health Insurance

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”

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Posted in Business

How to choose a health insurance plan for a small business

Running a small business has a lot of demands, including everything from perfecting your products to fixing an overflowing toilet. But one of the trickiest parts can be finding the right health insurance for you and your employees.

Under the Affordable Care Act, companies with 50 or more full-time employees or the equivalent in part-time employees have to provide health insurance to employees and their dependents or pay a fine, $3,860 per employee in 2020. Consequently, 83.1% of American workers were offered insurance in the first quarter of 2016.

Smaller businesses with fewer employees, however, are exempt. So, should your small business provide insurance? That depends on several factors, like can you afford it and do your employees need it?

If you hire mainly high school or college students who are covered under their parents’ insurance, you probably don’t need to induce them to work with health coverage. But if

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Posted in Insurance

Shopping for health insurance? That plan you’re buying might fall short

Marko Geber | DigitalVision | Getty Images

Open enrollment for health insurance is around the corner. That means if you’re shopping on your own for medical coverage, be on guard.

New research from the U.S. Government Accountability Office found that some insurance agents engaged in potentially deceptive sales practices when marketing health care coverage.

From November 2019 through January 2020, representatives from the Congressional watchdog posed as customers shopping for insurance. The GAO’s representatives said they had pre-existing conditions, such as diabetes or heart disease, and said they sought coverage for those illnesses.

Of the 31 interactions the representatives had with insurance agents, there were eight cases in which the insurance professionals engaged in “potentially deceptive marketing practices” – including claiming the pre-existing condition was covered when the health plan documents indicated otherwise.

In one case, a sales representative told the GAO multiple times that the plan would cover diabetes

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Posted in Insurance

The 7 Best Health Insurance for Unemployed of 2020

How Do I Get Health Insurance if I Lose My Job?

There are many ways to get health insurance if you lose your job. The first is COBRA, which allows you to keep your same insurance plan but can be expensive. Becoming unemployed also qualifies you for a special enrollment period, which means you can purchase any new insurance policy for up to 60 days after you lose your job. In some states, short-term health coverage is an affordable option that can keep you insured for up to a year while you look for new work.

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

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