ING Life Launches An Industry First: ‘Pick Ur Advisor’ In Hubli-Dharwad and Vishakhapatnam
August 3rd, 2010
– ING Life India, part of the ING Group, today announced the launch of ‘Pick Ur Advisor’, a new online initiative that helps customers pick a financial advisor based on their preferences for the cities of Hubli-Dharwad & Vishakhapatnam. As a part of this service, a Life Insurance Industry first, customers can log on to www.pickuradvisor.com and handpick the advisor they would like to get in touch with. Customers can pick their preferred advisor based on location, languages spoken by the advisor, qualifications and the advisor’s tenure with ING Life.
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Tags: Advisor, Pick Ur, Pick Ur Advisor, Ur Advisor
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More at Stake than Medical Loss
August 1st, 2010
A lobbying battle is shaping up in Washington over the first major provision of the Obama health plan. The stance that the administration is taking on the fight could undermine its efforts to implement every other element of its legislation.
At issue are floors that the new law places on a health plan’s medical-loss ratio, which is the amount of revenue a plan spends on medical claims. Under provisions included in health reform, insurers can only spend 20% of their premiums on running a health plan if they offer policies directly to consumers or to small employers.
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What is Temporary Medical Insurance?
July 30th, 2010
When you have a full time job and receive medical insurance as part of your benefits package, you really are one of the lucky ones. Although this used to be common among workers, it certainly isn’t anymore, and even people who have been in full-time jobs for decades still have to make contributions toward paying for their health insurance. But, when you lose your job, lose your benefits, or retire, what do you do about medical insurance?
Most people who have been laid off from their job are offered something called “Cobra”, which is a form of temporary medical insurance. In sh
Tags: Insurance, Medical Insurance
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Today’s News: Health Care Law Raises Abortion Questions, Pre-Existing Conditions Health Pools Begin and Flood Insurance Overhaul Underway
July 30th, 2010
Now that the new health care law has passed, questions about abortion have resurfaced. In other insurance news, health insurance pools are beginning to crop up around the country to help those with pre-existing conditions and Congress has taken steps to get a flood insurance overhaul underway.
Health Care Law Raises Abortion Questions
Despite the fact that lawmakers promised abortions wouldn’t be covered under the new health care law unless the pregnancy was life-threatening or the result of rape or incest, abortion opponents have warned that some programs will indeed cover the procedure. T
Tags: Care Law, Health Care, Health Care Law, Insurance
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Court Orders Employer to Repay $104K to Texas Mutual
July 30th, 2010
Texas Mutual Insurance Co. announced that a Travis County district court sentenced Cheryl Bussey of Mansfield, Texas, on workers’ compensation fraud-related charges. Bussey was sentenced to 10 years’ deferred adjudication and ordered to repay $103,851 to Texas Mutual.
Bussey was the owner of Trans X Corp, a temporary employment agency in Arlington, Texas. Bussey was involved in a scheme to conceal the number of employees and annual payroll of Trans X Corp from Texas Mutual.
Because workers’ compensation insurance premium is based in part on payroll, such a scheme results in a business paying less premium than it actually owes.
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Today’s News: Employers Urged to Expand Health Plans, Medicare Doughnut Hole Checks Coming and the Nation’s Dumbest Drivers May Live Near You
July 28th, 2010
The secretary of Health and Human Services is urging employers to hurry and expand their health insurance benefits plans to employees with older children, while the government announces that Medicare checks may be mailed soon to beneficiaries into the “doughnut hole.” And in auto insurance news, GMAC has taken time to tell you where you can find the nation’s dumbest drivers.
Employers Urged to Offer Coverage to Children Up to Age 26 ASAP
Kathleen Sebelius, the secretary of health and human services, urged employers to begin immediately offering or continue to offer health insurance coverage to employees’ children up to the age of 26 — and they need to do it at little or no additional cost. While the
Tags: Medicare, Medicare Doughnut
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