Health Insurance

RECENT NEWS
Forbes  Sep 22  Comment 
Do you feel like you’re on a treadmill of ever increasing costs for your benefits program? As a small business owner, the responsibility of offering affordable health insurance to your employees while combating sky high premiums may add more...
MarketWatch  Sep 22  Comment 
We’re told often by policy makers, health insurers and our employers that, these days, you need to be a smart health care consumer. But how?
Reuters  Sep 21  Comment 
The U.S. government, which is suing to stop Anthem Inc's proposed purchase of Cigna Corp , is pressing the health insurers to provide letters in which each of them accused the...
Insurance Journal  Sep 19  Comment 
Small business employees who get health coverage through the Covered California health insurance exchange will see an average price increase of 5.9 percent next year. The figure announced last week affects roughly 28,000 people who work for...
Insurance Journal  Sep 16  Comment 
A new federal study shows the number of Oklahomans without health insurance has fallen by 6 percent since 2010, but the state still has one of the highest percentages of uninsured residents in the country. The study released this week …
Insurance Journal  Sep 16  Comment 
The majority of Minnesota residents aren’t experiencing the hefty health insurance rate hikes that shoppers who buy their coverage individually will see, according to data released by the federal government. More than half of Minnesota residents...
Insurance Journal  Sep 16  Comment 
New York’s Department of Financial Services has issued an emergency regulation intended to help the state’s health insurers deal with a federal requirement that puts some under sharp financial stress. The federally mandated program for...
Insurance Journal  Sep 16  Comment 
A growing number of U.S. workers are covered by health insurance that sticks them with a bigger share of the medical bill but also softens that blow by providing a special account to help with the expense. Companies are turning …
The Hindu Business Line  Sep 16  Comment 
Partnership will enable cab and auto drivers to avail cashless insurance through Paytm digital wallet
Insurance Journal  Sep 15  Comment 
Several Midwest states report significant drops in the number of residents without health insurance. New data shows nearly 200,000 Wisconsin residents gained some form of health insurance between 2013 and 2015. In Illinois, under the Affordable...




RELATED WIKI ARTICLES

Related Articles

 
TOP CONTRIBUTORS


Types of Coverage

Error creating thumbnail

Private Coverage

Job-Based Coverage

Individual Policies

Association Health Plans

Consumer Driven Health Plans

Government-Funded Coverage

Medicare

Medicare is a federal health insurance program for: a) individuals aged 65 years and above; b) individuals under the age of 65 with certain disabilities; or c) or individuals with end-stage renal disease. There are three types of Medicare plans:

  • Original Medicare Plan, which consists of two parts:
    • Hospital Insurance (Part A): This part pays for inpatient care at public hospitals, critical access hospitals (small facilities that give limited inpatient and outpatient services to people in rural areas), skilled nursing facilities (not custodial or long-term care) as well as hospice care and some home health care. All individuals eligible for Medicare are enrolled automatically and free of charge in Part A.
    • Medical Insurance (Part B): This part pays for doctor visits, outpatient hospital care and other necessary medical services not covered by Part A, such as physical and occupational therapy, and some home health care. Part B is optional and, in 2008, most beneficiaries paid monthly insurance premiums of $96.40. Beneficiaries must also pay an annual deductible before Part B coverage kicks in.
2008 Part B Monthly Insurance Premiums Yearly Income (Single Individual) Yearly Income (Married Couple) Yearly Income (Married Individual)
$96.40$82,000 or less$164,000 or less$82,000 or less
$122.20$82,001 - $102,000$164,001 - $204,000NA
$160.90 $102,001 - $153,000$204,001 - $306,000NA
$199.70$153,001 - $205,000$306,001 - $410,000$82,001 - $123,000
$238.40above $205,000above $410,000above $123,000
  • Medicare Advantage Plans (Part C), formerly known as Medicare+Choice, are private health insurance plans under the Medicare program. These plans pay for more medical services than the Original Medicare Plan by packaging Part A, Part B and additional coverage into one convenient bundle. Part C is optional and beneficiaries often pay higher monthly insurances premiums, but lower deductibles, than those required for Part B. Medicare Advantage is only offered in certain parts of the country and includes HMO Plans, PPO Plans, Medicare Private FFS Plans, Medicare MSA Plans or Medicare Special Needs Plans.
  • Medicare Prescription Drug Plans (Part D) add prescription drug coverage to the Original Medicare Plan, Medicare MSA Plans, some Medicare Cost Plans and some Medicare Private FFS Plans. Each plan is run by a private company and, hence, varies slightly from other plans that fall under Part D. However, all such plans conform to standards set by the federal goverment. Part D is optional and beneficiaries pay monthly insurance premiums and an annual deductible in exchange for a large degree of flexibility in choosing what drugs need to be covered by these plans.

Medicaid

State High Risk Pools

Trends

Number Uninsured and Uninsured Rate (1987-2007)

Error creating thumbnail

Difference in 2-Year-Average Uninsured Rates by State (2006-2007)

Error creating thumbnail

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki