What’s Considered Medically Appropriate for Insurance to Be Expanded

Healthy groceries, home-delivered meals, air conditioners and grab bars in the bathroom may soon be some of the “medically appropriate” benefits covered by insurance. The Centers for Medicare & Medicaid Services expanded the definition of “primarily health-related” benefits insurers can include in their Medicare Advantage policies. Beginning in 2019, insurers can provide retirees care and…

What’s Hot in Insurance? Short-Term Care Policies

As more baby boomers retire, sales of short-term care insurance policies grow 20 percent. With the wave of baby boomers entering their golden years, sales of short-term care insurance policies grew 20 percent last year, a report by the National Advisory Center for Short-Term Care Information found. “Insurance agents are selling more short-term care insurance…

Health Coverage By the Numbers

The percentage of people who lacked health insurance coverage declined between 2014 and 2013, according to a Census Bureau report released late in 2015. This happened although there was no statistically significant change from 2013 in either real median household income or the official poverty rate during that time. The percentage of people without health…

A Background on COBRA

The Consolidated Omnibus Budget Reconciliation Act (“COBRA”) is a federal law incorporated by reference into three separate federal laws: 1) the Employee Retirement Income Security Act (“ERISA”); 2) the Internal Revenue Code (“IRC”); and 3) the Public Health Service Act (“PHSA”). The inclusion of COBRA into these three federal laws is important because that means…

The Financial Impact of Employee Benefits

Three-quarters of employees say that it’s important to understand their personal finances and have enough medical insurance. And while most have done a good job learning what they need to know, 38 percent admitted to knowing “little to nothing” about their employee benefits in the 2015 MassMutual Employee Benefits Security Study. These people cited “difficulty,…

Study Proves the Value of Dental Benefits

A study published earlier this year shows that dental benefits decrease the incidence of emergency room visits. Without dental benefits, more adults end up in the emergency room, found a study published in the May 2015 issue of the journal Health Affairs. Researchers examined the effects of removing adult dental benefits from California’s Medicaid program.…