Health & Medicare Insurance News

The beginning of 2020 in the U.S. has brought financial setback for the Americans, as major pharmaceutical companies like Pfizer, GlaxoSmithKline PLC, and Sanofi SA are expected to increase the cost of over 200 medications, effective from New Year’s Day. The list of drugs that will cost more is yet to be released, and the price hikes are expected to be less than 10% across the board, likely due to politician’s and patient’s pressure.

Medicare beneficiaries in the U.S are hit in the pocketbook in 2020 with medicare premiums and deductibles see an increase in coverage for medical services and prescription drugs. The U.S. Centers for Medicare and Medicaid Services announced that the standard monthly premium for Medicare Part B rises $9.10, to $144 a month and even the annual deductible for Part B increases $13 to $198 per year. Compared to the last year, 2019 increment both of these increases are comparatively large as last year Part B premium rose $1.50 a month and the deductible $2 for the year.

It’s time for millions of people in the United States of America to shop for individual health insurance for the upcoming year 2020. It’s perfect time for Americans to see and check federal ratings and compare the health plans’ quality on the Affordable Care Act’s insurance marketplaces.

As per the President Trump’s order on improving price transparency in America, the Department of Health and Human services has announced that Centers for Medicare & Medicaid Services has issued rule to increase price transparency to increase competition among insurance carriers and to empower the patients.

The year 2020 will be a bit tough for US employers and workers as they have to shell out expensive health insurance costs. According to the prediction by top companies,

As per a new analysis, health insurance companies in the U.S. are gearing to raise the health plan premiums by around 40 percent or even more from next year amid the coronavirus pandemic. This analysis confirms America’s healthcare system is primarily driven by the profit motive.

The health insurance plan is an agreement between the insurance company and the policyholder. According to this agreement, the policyholder agrees to pay a fixed amount known as a premium to the insurance company who in return provides certain medical benefits such as coverage on medical tests, drugs, and medical treatment.

Health insurance companies and its employees are lobbying the government to seek financial help, hinting that treatment and testing of COVID-19 will lead to a steep increase in the premium next year.

The global pandemic like coronavirus has helped people realize the significance of having adequate health insurance. However, many individuals who recently become unemployed are struggling to find a new health plan due to exorbitant prices and limited availability.

Around 60 percent of the privately insured health plan members show dissatisfaction with their private insurance carriers, as they were neither informed and updated with the information related to COVID-19 nor they were guided for the future course-of-action amid the pandemic.

As per the Kaiser Family Foundation report, 27 million Americans have recently lost their health coverage in addition to the 28 million Americans who were not insured before the coronavirus pandemic.

As per the Affordable Care Act, health insurance providers are required to allow children under the age of 26 years to remain on their parent’s health insurance plan. Due to which very few insurers offer child-only plan options. Perhaps, people can find some other options to find health insurance for their children.

Employers are desperately looking for ways to cut costs and to keep their employees on the payroll, as they are financially drained. People have never been so concerned about good healthcare benefits than today. Therefore, this is the time when all have to put some effort and break the healthcare cost curve for employers.

The Centers for Medicare and Medicaid Services on 22nd May finalized requirements that would allow Medicare Advantage Plans to increase access to telehealth services for seniors along with some other measures. The CMS has allowed Medicare Advantage plans to cover more specialties in areas like Cardiology, Nephrology, Dermatology, Psychiatry, Ophthalmology, Primary Care, Nephrology, Endocrinology, and other infectious diseases through telehealth services for beneficiaries of rural areas.

Self-employed and freelancers might be thinking about their health insurance options and whether they need to purchase private health insurance or can buy a government health insurance policy, but the fact is that there is not anyone answer that will suit all. Self-employed and freelancers need to be aware of all their options to make an informed decision.

The unprecedented challenges posed by the COVID-19 pandemic is throwing challenges to New Hampshire, as well as to the entire nation. People are wondering how health insurance carriers will be responding to this challenging time.

People while shopping for health insurance plans can find about all the health insurance options available in their area from both on and off Marketplaces.

If you are looking for an affordable but nicely designed health insurance plan, you must research a bit online or consult online experts for the same. You can also consider hcsc health insurance plans for the same.

Going through the terms and conditions of Highmark short-term health insurance, you can choose the best short-term plan to keep yourself safe from the high cost of health care services.

No matter whether you work for yourself or need Affordable Care Act-compliant health plans, finding the right and cheap health insurance in Alaska is no more a task. Alaska is a U.S state having one of the smallest populations with just 700,000 residents.

While out for health insurance shopping people need to understand that not all health insurance plans available in the market as well as the health insurance companies offering plans are the same.

To protect yourself from the high medical expenses, you can shop for the best health insurance coverage in Colorado that will help you get and stay healthy by covering some preventive and wellness services.

People need to know that COBRA is a health insurance coverage program that provides coverage for prescription drugs, dental treatments, and vision care but does not provide coverage for life insurance and disability insurance.

For all these reasons buying an affordable Delaware health insurance plan is a must. It ultimately gives peace of mind and saves hard-earned money. If you are in Delaware, you can visit the state insurance marketplace for affordable health insurance in this small state of the USA.

Several leading health insurance carriers of the U.S. have indicated a slight decrease in their premium amount for 2021. However, people need to know that their health plans will continue to cover all the essential health benefits that are generally covered under a health plan.