President Joe Biden might have started fulfilling a campaign promise by reopening the HealthCare.gov insurance markets (Obamacare) for a special opportunity to sign up for people needing coverage in the coronavirus pandemic. Good News The number of uninsured Americans has grown exponentially in the last year because of massive job losses due to the economic […]
Tag: health insurance
The Journey of Employer Sponsored Health Insurance
Health Insurance – The Start in 1930 Private health insurance arrived in the US as early as 1930. Blue Cross and Blue Shield plan made a way for private insurers to start working on their customized health insurance plans to meet the healthcare needs of a growing market across the country. However, at this stage, […]
High Deductible Health Plans – Pros and Cons
A Brief History of High Deductible Health Plans (HDHP) Americans started witnessing a remarkable increase in the cost of healthcare since 2000. A report published in 2009 pointed towards an astonishing 135 percent increase in family premiums and 105 percent for individuals over the past decade. Between 2009 and 2013, the premium for both individual […]
Employer-Sponsored Health Insurance – The Average Cost
According to a research carried out in 2019, the average cost of the annual premium for employer-sponsored health insurance was approximately $7,188 for single coverage, whereas, in the case of family coverage, the amount was about $20,576. As per the report, the average annual deductible amount was around $1,655 for covered workers with single coverage. […]
A Few Services That are Not Covered in Health Insurance
It is a monumental task to navigate through various health insurance plans. Health insurance plans are among the most confusing “subscription” you can buy. Unlike anything else in the world, when you sign up for health insurance you know (almost) nothing. You don’t know if your monthly premium will hike up (in some cases overnight), […]
Tips for Travel Health Insurance for Visitors to USA
Since COVID-19 Pandemic, the US is slowly and cautiously opening her boarders to the visitors. The country is following a three-phased approach as per the advice of public health experts. People have started packing their bags and are gearing up for the trip to the country. However, keeping the pandemic and its effect in mind, […]
Cash Medical Practice: Tips to Get Affordable Healthcare Without Insurance
Healthcare is a basic necessity throughout the world. However, the rising cost of healthcare in the U.S. is an open secret and a matter of concern. In 2018, more than 27.5 million Americans, consisting of roughly 8.5% of the total population, had no health insurance at all. What’s concerning is that the above number consisted […]
Some of the Challenges Physicians Face with Health Insurance
Physicians are facing several challenges and obstacles in recent times. Physicians are devoted to the practicing medicine and the well-being of their patients. However, they have been facing some serious issues due to healthcare plans. Here is an overview of the challenges: Lesser Time with Patients A recent study shows that physicians spent just 27% […]
Why Healthcare is So Expensive in the U.S.
The cost of healthcare continues to rise, while the quality of care continues to experience a decline. Gaps in Care are getting larger and they are mostly associated with the increasing out of pocket cost. The rise in healthcare pricing is responsible for depression in individual spending power over the last few decades. A person, […]
