Health insurance companies will pay approximately $1 billion dollars in rebates to members later in 2022. When an insurance company pays out less than 80% of premiums collected in claims or richer benefits within a three-year period, the difference must be returned to policyholders, as per the ACA. Large group policies require that 85% of […]
Grandmothered Plans Extended Until Further Notice The Centers for Medicare & Medicaid Services (CMS) announced a permanent extension to the transition policy known as “grandmothered plans” for individual health insurance plans. These plans will no longer require an extension mid-year as in the past. This means Blue Cross and Blue Shield of Arizona members may […]
In order to serve their clients better, many Long-Term Care insurance (LTC) companies offered outstanding accommodations to their clients and families during the pandemic. Instead of worrying about losses and whether they would be setting a precedent, a number of insurers covered expenses not spelled out in the contract. As an example, some LTC insurance […]
