The average price paid for home insurance has risen by 6%, according to the Association of British Insurers (ABI),jumpingfrom 298 in the first quarter of 2022 to 315 in the same quarter of this year. Market analysts Consumer Intelligence also found that the average quoted premium for a combined buildings and contents policy increased 6.7% … Read more
Massachusetts insurance regulators have opened an investigation into a cyber attack on one of the state’s largest health insurance providers. The insurance division is monitoring the Point32Health data breach, which may have compromised personal data including addresses, medical histories and Social Security numbers of current and former Harvard Pilgrim Health Care policyholders, according to Margaret … Read more
Gift this item Share this article without paywall. In part one of this two-part series, we discussed the basics of understanding how to read the benefit/EOB explanation of insurance plans. Each payer has its own EOB. As we move on to part two, we will try to reconcile insurance EOB with health care provider expenses … Read more
An oft-repeated phrase that dates back to the 4th century BC is that physicians shouldn’t do harm first when treating patients. Nowadays, insurance companies that report to their investors and not to Hippocrates often prioritize monetary gains over patient care. Prior authorization is one way that insurance companies protect their profits and sometimes cause harm … Read more
At the height of the Covid pandemic, there were reports of hospital beds not being available for new patients seeking hospitalization and treatment. Imagine facing such a situation or some other unforeseen circumstance where you are forced to take care of yourself at home for your health condition. But do health insurance companies accept home … Read more
EMMAUS, Pa. — Doctors are finding that medications used for diabetic patients have been very effective for those struggling to lose weight. In fact, the FDA recently approved the same type of medications originally prescribed for diabetics, specifically for weight control. But the out-of-pocket costs can be staggering, for those with insurance that won’t cover … Read more
As health care costs continue to rise, payers are turning to innovative strategies, such as value-based insurance design (VBID), to improve quality, maximize health care costs for the care most needed by plan participants, and improve costs at long term. VBID is intended to save employees and their self-funded employers money by directing employees to … Read more