Insurance

  • Insurance

    How to get free at home tests with insurance reimbursement

    Americans with health insurance can get up to eight at-home COVID-19 tests for free thanks to a new requirement. Starting Saturday, private health plans are required to cover the over-the-counter tests at up to $12 per test. Consumers can either purchase the testing kits at no cost or submit receipts for reimbursement from the insurance company. A family of five could be reimbursed for up to 40 tests per month under the plan. PCR tests and rapid tests ordered or administered by a health provider will continue to be fully covered by insurance with no limit. President Joe Biden  

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  • Insurance

    ‘She has no life insurance or savings’: My brother-in-law died, leaving my sister with $20,000 in debt. How can I help her?

    Dear Quentin, My sister’s husband died last week. They had both lived with us for the previous nine years before moving into an independent living facility. They were there for two and a half months before he died unexpectedly. He has left her with $20,000 worth of debt. Other than selling his vehicle — as she doesn’t drive — I’m not sure how to go about paying off their debt. She receives $1,600 in Social Security disability a month. She is on Medicaid and Medicare. She has no life insurance or savings. She is now living with my husband and  

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  • Insurance

    ‘Huge, huge numbers:’ insurance group sees death rates up 40 percent over pre-pandemic levels

    As the pandemic enters its second year running, the number of deaths the virus has caused is likely much greater than official numbers indicate, setting a historic record.  The Centers for Disease Control and Prevention (CDC) explains that excess deaths are associated with COVID-19 directly or indirectly, typically defined as the difference between the observed number of deaths in specific time periods and the expected number of deaths in the same time periods.  Currently, since Feb. 1, 2020, the CDC estimates there have been 942,431 excess deaths in the U.S.  That’s a staggering amount, as J Scott Davison, CEO of  

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  • Insurance

    Answers to your Marshall fire home insurance questions

    Insurance, when it works, is meant to be restorative. Restorative to a way of life you liked, to a career, to your family’s health, and yes, to treasured objects.  The Marshall fire destroyed much of that security for thousands of Boulder County residents, and instantly tallied hundreds of millions of dollars in damages. Colorado officials say they are ready to backstop all insurance challenges and step in with regulations or legislation if necessary to help push full recovery.  More than 900 people showed up for a virtual insurance town hall this week, with heart-wrenching questions about when their insurance will  

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  • Insurance

    Indiana life insurance CEO says deaths are up 40% among people ages 18-64 | Indiana

     (The Center Square) – The head of Indianapolis-based insurance company OneAmerica said the death rate is up a stunning 40% from pre-pandemic levels among working-age people. “We are seeing, right now, the highest death rates we have seen in the history of this business – not just at OneAmerica,” the company’s CEO Scott Davison said during an online news conference this week. “The data is consistent across every player in that business.” OneAmerica is a $100 billion insurance company that has had its headquarters in Indianapolis since 1877. The company has approximately 2,400 employees and sells life insurance, including group  

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  • Insurance

    There’s still time to get health insurance through the public exchange

    FatCamera | E+ | Getty Images Open enrollment for the public health insurance marketplace lasts a month longer than usual this year — which means there’s still time to get coverage. Through Jan. 15 — unless your state has a different closing date — you and your family can sign up for a plan through the federal marketplace (or your state’s, if it has one) if you need health insurance. The exchange also will alert you if you qualify for Medicaid instead or if your kids could qualify for the Children’s Health Insurance Program, otherwise known as CHIP. “Marketplace coverage  

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  • Insurance

    Insurance commission transparency law kicks in Monday but questions remain

    A new law directing health insurance companies, agents and brokers to disclose their commissions goes into effect Monday, though there still is uncertainty about how to comply.  The penalty for noncompliance could be $100 a day based on rules established under the Employee Retirement Income Security Act, though the federal government hasn’t explicitly said so, says Ronnell Nolan, the Baton Rouge-based president and CEO of Health Agents for America.  Nolan says Department of Labor officials have told her the law duplicates a similar rule for the financial industry, “so we can somewhat copy what they’re doing.” “But it’s not really  

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  • Insurance

    Covid’s mental health toll makes therapists hard to find. Insurance companies make it harder.

    Ask anyone about a recent experience trying to find a therapist and you will be regaled with stories of unreturned calls, long waitlists and hopelessness. If they need a therapist who takes insurance, the stories quickly become nightmares. The unrealistic expectation set by insurance companies that a quick fix is possible means therapists almost always need to fight lengthy battles to extend coverage. As a therapist myself, I have heard firsthand the anguish of people searching for treatment. I, too, have struggled to identify providers with appropriate expertise and availability as the demand for mental health services has exploded during  

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