Health coverage is expensive- both for individuals and for companies that provide it. The costs affect much of the medical field, including drug prices, cost of coverage, costs of care and visits, and a myriad of other areas of the health industry. Part of those costs is resulting from the administrative handling of health insurance … Read more
HIPAA stands for Health Insurance Portability and Accountability Act and in 1996 the U. S. Congress enacted it. The purpose of HIPAA law is improving the system of health insurance. Each of the providers of healthcare, health government plans, and health organizations is required to obey the HIPPAA law’s regulations. The first HIPPAA title protects … Read more
Choice is always good. In a globalized world, the consumer has a plethora of choices in everything, from airlines to automobiles. This is why nowadays even airlines make an announcement after the passengers land: “We know you have a choice. Thanks for flying with us!” It’s rather simple. You have a choice – if you … Read more
You might know that health insurance is of two types -indemnity health Insurance plans and managed care plans. Indemnity plans, also commonly known as reimbursement plans, will reimburse your medical expenses up to a certain limit. With the Reimbursement plan, the insurer pays a percentage of the total charges, regardless of how much the charges … Read more
Canadians benefit from a publicly funded national health insurance program which provides for the basic coverage in hospital care. While as Canadians we receive coverage to some extent, each province and territory may offer additional benefits according to their own respective plans. If you’re a Canadian, and you have lived in a few of the … Read more
A health insurance plan is an essential part of financial planning in this era of skyrocketing medical costs. Medical inflation has been aggravating at its full spree which makes it all the more important to buy a Health Insurance plan which could sponsor the hospitalization and medical treatment bills or expenses. It is important to … Read more
1. If you want to reduce your health insurance cost then join a group health expense sharing plan. This is a situation where a group of individuals teams up to provide themselves health insurance coverage. They are usually associated with large organizations like churches. Rules and coverage types differ from group to group. You can … Read more
The clauses that are related to limitations and exclusions may seem complicated at first but it is crucial to understand these before signing up. There could be some exclusions and limitations that may not affect you or your family at all while some may be important depending on your health history and hereditary family history. … Read more