Bringing health insurance to the new generation of millennials will be critical for the insurance industry and for the health of young people in the coming years. Educating young people about insurance and providing plenty of information about options for individual health insurance will likely turn millennials into insurance-savvy Americans.
Click here to read the full article by Kelly Sheridan for Insurance & Technology.
If you are in the market for affordable health insurance, there are many opportunities to find a plan that fits your needs and budget. Under the Affordable Care Act, many plans may also become more affordable this year, and both private and public plans provide opportunity to make an affordable health insurance plan work for you.
Click here to read the full article for WebMD with tips and more information.
When considering how to protect yourself and your family in case of emergency, sickness, or other unexpected conditions, there are a variety of types of insurance you may want to consider. Family health insurance, disability insurance, and life insurance may all be good options for you to look into in order to support your family’s health. It is never too soon to consider family health insurance and other types of insurance for yourself and your loved ones.
Click here to read the full article for WebMD.
When considering whether or not to purchase travel insurance, you may want to weigh the costs and benefits. Generally, you are encouraged to purchase travel insurance if you are investing a significant amount of money in the trip, if you are leaving the country, have a complex itinerary, or are on Medicare. On the other hand, if you are traveling domestically for a shorter period of time, not investing as much in the trip, or if aspects of your trip would not be covered, you may not need to invest in travel insurance.
To read more about the do’s and don’t’s of travel insurance, click here for the full article from Huffington Post.
For early retirees who are of the pre-Medicare age, there are multiple types of health insurance for every budget and need. The government marketplace will offer you federal tax credits, resulting in lower payments for your policy. Outside of the government marketplace, you can go through insurance companies, agents, or brokers. COBRA coverage may also carry you through if you only need temporary insurance until you are eligible for Medicare.
To learn more, click here for the full article by Jim T. Miller for Huffington Post.
Young adults that are going through a transition period and starting their professional lives should be well-informed about affordable health insurance options. Young adults can remain on their parents’ health insurance plan until the age of 26, and if you are moving to a separate plan, affordable options are available. Preventative healthcare at a young age will support a healthy future, and for this reason young adults should be well educated on and covered by health insurance.
Click here to read the full article for WebMD.
If you are a small business owner, you may benefit by including small business health insurance in your benefits package. Unlike large business owners, employers with fewer than 50 employees may choose not to offer insurance to their employees without being penalized by the government. There are some things to consider when deciding whether or not to offer this benefit to the employees of your business.
Health insurance is considered to be a huge perk for employees, now that coverage is required and can be quite pricey for an individual. As a result, companies that offer health insurance tend to see more applicants and even more qualified employees. Once hired for a job, workers with medical insurance tend to be more loyal and stay in their positions for longer periods of time than those who do not receive benefits. Also, there is the added benefit that employees with insurance tend to be sick less often and miss fewer days of work.
Smaller business owners have a bit of an incentive to offer small business health insurance to their employees. If you are a business owner with fewer than 25 employees working full-time, you may receive a tax credit from the government. In order to qualify, the average of your employees’ wages must be less than $50,000 annually, and you must contribute a minimum of half the cost of an individual’s premium. This contribution will gain you a credit of up to 50 percent of the amount in 2014.
If your business has between 25 and 50 employees, you will not receive a tax credit for offering medical coverage. You will need to compare the positives and negatives to determine whether offering small business health insurance is a smart move for your business. There are different levels of coverage you can offer if you want to offer the perk but cut down on your premium costs. If you are on the fence, consult with a health insurance broker who can sit down and discuss the best options for you.
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A large number of millennials are delaying purchasing any type of life insurance until later in their lives. With this trend continuing, many insurers are feeling the pressure to expand into new markets and adjust how they are communicating with that generation of young people. Insurers are “investing at a much heavier pace” to appeal to the young millennials and prove benefits of life insurance.
Click here to read the full article by Katia Dmitrieva for Bloomberg News.
The Obamacare exchanges have had trouble attracting insurers since its inception last year. State health insurance marketplaces have begun slowly adding more insurers, however, in attempts to give the public more options. The variety of insurers could provide more competitive pricing and better access to providers.
Click here to read the full article by Jason Millman for the Washington Post.
A new study surveyed small, medium, and large businesses, asking whether or not the employers provided employees with access to accident insurance and their number of workers comp claims. Results show that over 40% of businesses that offer an option for disability or accident insurance have seen declines in workers compensation claims.
Click here to read the full article for WorkersCompensation.com.