The nation’s carrier group is urging the administration to add a new lower-cost plan under the exchanges — as well as a couple other changes to the Patient Protection and Affordable Care Act — “to enhance the affordability, stability and accessibility of health care.” On Wednesday, America’s Health Insurance Plans proposed a series of changes to the law … Read more
A recent study by LIMRA Secure Retirement Institute has revealed another reason to consider annuities in retirement planning — they provide a boost of confidence. When asked about their confidence in living a desired retirement lifestyle, 47 percent of retirees and pre-retirees who own annuities said annuity ownership contributed to their feeling of confidence. LIMRA Secure Retirement Institute … Read more
Answer: A form will be available via www.pay.gov where a contributing entity will provide basic company contact information, and the annual enrollment count for the applicable benefit year no later than November 15. The form will auto-calculate the contribution amounts. A “contributing entity” is defined as an insurer for insured group health plans or a third-party administrator on … Read more
When it came time to renew his company’s health plan last fall, Jerry Eledge found himself in a bind that many small-business owners know all too well. On one hand, “it’s kind of a moral obligation” to offer insurance, said Mr. Eledge, who runs Community Quick Care, a growing chain of primary health care clinics … Read more
Nearly 3 million Medicaid enrollments under Obamacare still haven’t been processed, a new report says. That’s mostly due to technical or bureaucratic snags — as well as a surge in applications — according to the analysis by Roll Call. Problems remain from the botched fall rollout of HealthCare.gov, and leave millions of vulnerable low-income Americans without … Read more
The CMS has finalized its coverage decision to reimburse for hepatitis C virus screenings for two target populations, including baby boomers. That decision comes amid controversy surrounding the costs of treatment that could result from screening, since screening may identify asymptomatic people who carry the virus but may not need to be treated. FDA approval of Gilead Sciences’ Sovaldi—which can … Read more
Revitalising the life insurance sector starts with creating new opportunities with underserved markets, particularly young people and lower income consumers, according to PwC’s latest insurance report – Forcing the pace: The fast way to becoming a digital front runner. The report highlights low- income policyholders, tech-savvy millennials and Generation X-ers increasingly using the internet and … Read more
Changing the benefit formula. Updating the COLA. Providing caregiver credits. All of these notions are apparently on the table, at least for the moment, as the Senate Finance Subcommittee on Social Security, Pensions and Family Policy digs into how best to ensure the solvency of Social Security. Social Security is financed through two trust funds, … Read more
A new federal policy to refer more veterans for care outside the overwhelmed Veterans Affairs health system could end up straining some non-VA hospitals with lags in reimbursement and patients who have needs that civilian providers aren’t accustomed to treating. Over Memorial Day weekend, the White House and the VA announced that more veterans will be able to use private … Read more
About the last thing companies dealing with the complexities of implementing Obamacare need right now is to have the security of their employees’ medical information compromised. However, statistics show that is exactly what is happening. “Medical identity theft is a rapidly spreading malady, often by organized-crime rings,” said James Quiggle, spokesman for the Coalition Against … Read more
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