Health Insurance Roundup, April 14, 2016

MSHA: CrestPoint Health insurance plan to cease operations | WJHL

Health insurance for thousands of people in the Tri-Cities soon will be changing after the decision by the region’s largest health system to shut down its own insurance company.

Mountain States Health Alliance confirmed Wednesday it will shut down CrestPoint Health, the company’s health insurance company operated by its subsidiary Integrated Solutions Health Network. 

Yes, you are paying more for your health insurance – MarketWatch

It’s only getting more expensive to pay for health care.

That’s a common complaint, but a new study from the Kaiser Family Foundation finds there’s support behind the idea, with people on employer-sponsored plans paying more out-of-pocket for services their plan covers over the last decade.

Patients have been shouldering these costs at a “substantially faster” rate than health plans payments for care between 2005 and 2014, the Tuesday report found,though large employer plans continue to pay a significant share of covered benefits.

Deductible and co-insurance payments were responsible for the overall rise, the report found, with average deductible payments increasing by 256% over 10 years and average co-insurance payments rising 107% over the same time. 

Why expats choose International Health Insurance – The Local

Have you figured out how the healthcare system works in your chosen destination? How will you, as an expat, gain access to health services in your new home? Have you considered the possible language barrier? Do you know what to do in case of a medical emergency? 

Cigna TTK Health Insurance launches health savings product ProHealth Accumulate – Times of India

tandalone health insurer Cigna TTK Health Insurance on Wednesday launched a health savings product – ProHealth Accumulate, which part from acting as a normal health insurance policy also creates a health reserve for future needs.

The company expects the “health reserve” part of its new policy to help address the mindset that for healthy individuals, health insurance plans are an ‘annual waste of money.’ 

9 tips to cut your health insurance premium outgo | Business Insider India

In the current scheme of things, when medical inflation is on the rise, a doctor visit to get a diagnosis for small illnesses, like cold and cough, can burn a hole in the pocket of an average Indian. The situation becomes worse in case of critical ailments related to heart and kidney. As a result, healthcare costs have also increased in different states as seen in the below image. 

Letters: Doctors’ role is key to health-insurance system

Dr. Peter Ubel’s commentary about the complexity of health-insurance plans made the important point that caregivers are unprepared to help patients make cost-conscious decisions about their care (“Choices, plans overwhelming for patients,” Friday). Yet many employers that adopt consumer-driven coverage pay little attention to the evidence that employees with high-deductible plans tend to cut back on beneficial as well as wasteful care. That jeopardizes patients’ health and could undermine employers’ savings when poorly managed health results in high-cost care or disability leaves. 

Health insurance buyers beware: you could be getting what you pay for

The noise in relation to private health insurance has reached a crescendo in recent months. Some of it has been useful and some of it downright confusing, particularly as the issue has been used as a political football.

Fortunately for consumers, there are some positives to emerge from the recent debate, if you can wade your way through the rhetoric, relating directly to increased transparency and the depth of information being provided. 

The unfair restrictions of health insurance

My sympathy to Rachel Dovel that she is not getting insurance for her gender surgery (“Transgender worker seeks change in insurance” April 11).

Most insurance companies do not pay for cosmetic surgery, which I believe is any surgery only to change one’s appearance. 

How to avoid private health insurance myths and mix-ups

HEALTH insurance is expensive and confusing. While there are limits to fixing the first problem, number two is more manageable.

Average private health premiums have surged 25 per cent in the past four years, and the latest rise of an average 5.59 per cent hit fund members this month.

Knowledge is power in this area, so here are five things that many Aussies don’t know about health cover, and three things they may think they know but are wrong. 

Health insurance policy for the uninsured available for less than 3 dollars a day

Unfortunately, during the time in office, Minister Lee has already signed off for quite a few uninsured people to be evacuated for emergency medical reasons.  “I have seen the stress placed on families when family members without health insurance need to be evacuated for emergency reasons.  Additionally, evacuating uninsured patients becomes a substantial financial burden for government, as government ends up covering these costs” explained Minister Lee. 


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