Short Term Health Plans Skimp on Medical Payments

short term health plans

A new report by the trade publication¬†Modern Healthcare shows just how little short-term care plans spend on enrollees’ medical claims.¬†The report found that some plans spent as little as 9 cents of every premium dollar they collected on medical care. The average paid out among the short-term plans analyzed in a report by the National Association of Insurance Commissioners was 39.2%. That’s a far cry from the 80% of premiums health plans are required to spend on medical care to comply with the Affordable Care Act. The figures shine a harsh light on just how little short-term health plan policyholders Read More …

Having a Baby? Why It’s Time to Review Insurance.

Baby Insurance

Health Insurance¬† Before your baby is even born, review your coverage and make sure you understand how your plan covers your new family member, as well as the mother’s needs during pregnancy. Think about prenatal vitamins, prenatal screenings and neo-natal tests, delivery of your baby, and pediatric care for your newborn. Notify your insurance carrier. Generally, health insurance carriers ask that a newborn be added to a policy within 30 days of birth. The birth of a baby is considered a life event, and you are allowed to enroll the baby at birth instead of waiting for open enrollment to Read More …