Posts Tagged ‘Health Insurance’
Government to Track Questionable Health Insurance Premium Hikes
September 10th, 2010
Health insurance companies are under scrutiny after the secretary of Health and Human Services, Kathleen Sebelius, announced plans to track those who push for unjustified rate increases. According to a letter issued by Sebelius to Karen Ignagni, the health industry’s top lobbyist, those companies that attempt to raise rates may be blocked from a new marketplace for insurance coverage.
Companies Keep Trying to Raise Rates
Earlier this week, some health insurance companies were asking for premium hikes that topped 20 percent as soon as next month to anticipate changes in the health care system like higher medical prices and more young adults dropping their policies, which they say will affect their own costs by up to nine percentage points.
In addition to asking for premium hikes, Sebelius said some insurers have started notifying enrollees that their premiums would be increasing next year as a result of the health care reform law’s new benefits.
She noted that these hikes won’t be tolerated and if the companies are caught, there will be consequences.
Insurers to Be Punished for Hikes
Sebelius said that in order to keep health insurance rates under control, the government plans to punish those companies to attempt to make unjustified rate hikes. If th
Tags: Health Insurance, Insurance
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Is Global Health Insurance Right for You?
August 15th, 2010
Many travel out of their home country on a very limited basis, and so choosing from the traditional health coverage options is just perfect for them. These plans largely offer everything a person spending most of their time inside their country will need. However, other people travel extensively and some may even spend part of their year living overseas. These people may be retired and travel extensively around the world. They may have the need to travel for their job, or they may even have family overseas and visit their family every chance they get for extended periods of time.
Tags: Health, Health Insurance
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Looking For a Low Health Insurance Price?
August 11th, 2010
The cost of insurance can be a major part of any family’s budget. It only makes sense that a family would want to shop around to get the best deal on their health insurance price. It is easy to believe with a quick glance that the cost of your policy is based only on the amount of your premium, but this isn’t the case at all. So many people will do a side by side comparison of the amount of the premiums and base their policy decision on this.
However, your overall health insurance has a few other components as well, and all of these components must be considered to get a complete picture of the cost of your plan. You
Tags: Health Insurance, Health Insurance Price, Insurance Price, Price
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