Search Results for: blog a warning for insurance companies

Insurance Blog Week in Review – May 13 – 19, 2012

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Once a week, the Insurance Blog Week in Review gives you a brief description of all of the blogs that were posted in the past seven days. There could be anywhere between twelve and fourteen blogs that appear here weekly. Did you miss something? Now is your chance to “ketchup”. Governor Christie Vetoes Insurance Exchange New Jersey Governor Chris Christie has vetoed a bill that would have set up an online marketplace for health insurance. He feels that it is too early to set up his state’s insurance exchange, and is waiting to see what the Supreme Court decides about … Continue reading →

More Families Seek Public Health Insurance for Children

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Research shows that more and more families are relying on public forms of health insurance in order to provide their children with health insurance coverage. This growing trend is connected to the unemployment rate, and the current economy. Large budget cuts to these programs would financially devastate many families. It seems to be a growing trend. Research that was done by the Carsey Institute, at the University of New Hampshire, shows that there has been an increase in the number of families that are using public forms of health insurance in order to provide their children with health insurance coverage. … Continue reading →

Insurance Company Cancels Veteran’s Health Insurance Over Two Cents

Sometimes, is seems like insurance companies that sell health insurance are just waiting for the tiniest reason to cancel someone’s insurance policy. This is a nightmare for many Americans, and a reality for some. Recently, Ceridian Cobra Services, an insurance company, suddenly canceled the health insurance policy of a Vietnam veteran, because of a two cent discrepancy on a premium payment. Ronald Flanagan is a United States Veteran who served in Vietnam. While he was serving his country, he was exposed to a chemical called Agent Orange. This toxic herbicide was used by the U.S. Military during the Vietnam War … Continue reading →

Conseco Life Insurance Not Allowed To Triple Premiums

Conseco Life Insurance was intending to triple the cost of its premiums. This increase would affect around 50,000 people who had purchased life insurance from that company. A recent ruling by a federal court in California has prevented Conseco Life Insurance from doing so. Recently, Blue Shield, another insurance company, was in the news when it announced that it would be raising the cost of it’s health insurance premiums by 59%. Blue Shield gave its customers only about two months warning of this impending change. Clearly, this big increase in the price of health insurance would be a burden for … Continue reading →

Cashing Out Life Insurance Is A Process

Cashing out a life insurance policy is not something that should be done on a whim. Once you do it, that policy is gone, forever. Therefore, it’s wise to do some serious thinking about why you want to cash out that policy. My husband and I have been working towards cashing out an old life insurance policy of mine. Today, we moved onto the next step in the process. Yesterday, my husband and I called the insurance company that I have an old life insurance policy with. I guess I was expecting that all I would need to do would … Continue reading →

What Do You Think of Health Insurance Incentives?

Some insurance companies will offer a discount on the cost of your health insurance premium if you have been taking good care of yourself. Recently, employers who offer group health insurance to their employees have also started offering incentives that will lower the cost of the premiums for employees who participate in wellness programs. Are incentives a way of rewarding good behavior, or a way of punishing those who do not comply? What do you think? There are plenty of things that a person can do to improve his or her health. I think we can all agree that exercise … Continue reading →

A Warning For Insurance Companies

Health and Human Services Secretary Kathleen Sebelius has sent a letter that has been interpreted as a warning to insurance companies. She has made it clear that there will be “zero tolerance” for insurance companies who try and use the Affordable Care Act as an excuse to raise their premiums. Sebelius recently sent a strongly worded letter to a Washington D. C. based association of insurers informing them that there will be “zero tolerance” for spreading misinformation, and for creating unjustified rate increases. In other words, Seblieus wants insurers to stop raising their premiums, and pointing to the Affordable Care … Continue reading →

Should Formula Cans Contain Warning Labels?

We have been talking about this particular issue in the forums. You can catch up on the debate here. However, I have to say that there isn’t too much of a debate. The overwhelming majority of people feel that warning labels on formula cans are “like a slap in the face to mothers who choose or have to formula feed.” However, like all debates, we are fueled with our personal experiences and I thought it might be helpful to provide some background information on the issue. Background The initiative to put warning labels on cans of formula is backed by … Continue reading →

Warning About the Medicare Prescription Plan Scams.

There have been several news reports and The Centers for Medicare & Medicaid Services (CMS) is warning seniors to be aware of a scam. Seniors and people with disabilities have been asked for money and checking account information in order to enroll in one of the Medicare Prescription Drug Plans. According to CMS, “This scheme is called the ‘$299 Ring.’ This is the typical amount of money Medicare beneficiaries are talked into withdrawing from their checking accounts to pay for a non-existent prescription drug plan. Consumers can report these cases to their local law enforcement agencies or 1-877-7SAFERX (1-877-772-3379).” Medicare … Continue reading →

It Could Be Nothing More than PR

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Some of the big insurance companies have declared that they will continue to offer the benefits set forth in the Affordable Care Act, even if the Supreme Court declares the ACA unconstitutional. It sounds like the insurers are being helpful. In reality, if the ACA goes down, there isn’t anything that would force them to live up to those big promises. Recently, UnitedHealth Group announced that it was intending to continue to offer certain parts of the protections that were created as part of the Affordable Care Act, even if the Supreme Court kills the ACA. A few more insurers, … Continue reading →