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Blue Cross & Blue Shield of Illinois Won’t Issue Rebates

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This Summer, many people will be receiving a health insurance rebate. In Illinois, Blue Cross & Blue Shield of Illinois will not be issuing rebates to its customers. This is because it met the medical loss ratio requirement. Other insurers in Illinois could, potentially, be giving out rebates to their customers. The insurance rebates that many Americans will be receiving this Summer are a benefit of the Affordable Care Act. Part of it includes something called the medical loss ratio. This went into affect in 2011. It requires all health insurance companies to spend at least 80% of the money … Continue reading →

Massachusetts Residents Are About to Receive Rebates

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If you are a resident of Massachusetts, and you have health insurance coverage, you might be getting an insurance rebate soon! This is thanks to the Affordable Care Act that requires health insurance companies to spend at least 80% of the money they get from premiums on actual health care for their customers. Insurers who failed to do that have to send out rebates. The medical loss ratio, or MLR, is a regulation that is part of the Affordable Care Act. It went into effect in 2011. The purpose of the law was to prevent insurance companies from spending the … Continue reading →

Insurance Blog Week in Review – May 27 – June 2, 2012

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The Insurance Blog Week in Review provides you with a quick and easy way to “ketchup” on all the blogs that appeared here in the past week. There can be anywhere between twelve and fourteen different blogs that go up. What did you miss? Lloyd’s of London Denied Coverage for Bill Paxton The insurer that is well known for approving of all kinds of strange insurance policies denied a request made by Bill Paxton for life insurance. CalPERS Will Offer Coverage for Same-Sex Couples The California retirement fund for state employees will now be able to offer long-term care insurance … Continue reading →

Tennessee Residents Are About to Receive Rebates

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If you live in Tennessee, you might be getting some mail from your health insurance company soon. This particular piece of mail will be good news! Residents in Tennessee are about to receive a rebate from their health insurance companies. This is due to the medical loss ratio in the Affordable Care Act. Will you be getting a health insurance rebate this year? About 200,000 residents of the state of Tennessee are going to be receiving a rebate from their health insurance company. Whether or not you will receive one depends mostly on if your health insurer met the requirements … Continue reading →

A Little Information About TennCare

Each state has its own Medicaid program. Many states will simply refer to the entire program as “Medicaid”, while others will create a unique name for it. In Tennessee, the name of the Medicaid program is TennCare. Medicaid is a public, or government run, health insurance program. It is designed to cover individuals and families who are low-income and who cannot afford to purchase a health insurance plan from a private company. Medicaid is funded, in part, by the federal government. It is also funded by the government of an individual state. In Tennessee, the Medicaid program is administered by … Continue reading →