Cigma & Humana Merger Cigna and Humana are two of the largest health insurance companies in the United States. In December 2022, they announced plans to merge, creating a company with over 150 million members and $200 billion in annual revenue. The merger is expected to close in 2023, pending regulatory approval. Benefits of the…
Get To Know The Over-The-Counter (OTC) Allowance Benefit An over-the-counter (OTC) allowance benefit is a type of health insurance benefit that helps you save money on eligible over-the-counter (OTC) health and wellness products. These products are typically not covered by prescription drug coverage. How it works An OTC allowance benefit typically provides you with a…
Insurance Providers Are Halting Coverage of Ozempic Several insurance providers have recently announced that they will no longer cover Ozempic, an injectable medication for type 2 diabetes, for the purpose of weight loss. This decision has been met with criticism from some healthcare providers and patients who believe that Ozempic can be an effective tool…
Factors To Consider When Choosing A PPO Health Insurance Plan In 2024 When choosing a PPO (Preferred Provider Organization) health insurance plan in 2024, consider these essential factors: Network Coverage: Determine if your preferred doctors, hospitals, and other healthcare providers are within the plan’s network. In-network care typically comes with lower out-of-pocket costs. Deductible, Coinsurance,…
The Origins of Employment-Based Health Insurance The Origins of Employment-Based Health Insurance The roots of employment-based health insurance can be traced back to the late 19th century, when industrialization was in full swing. As factories grew larger and more dangerous, workers faced increasing risks of accidents and illnesses. Employers began to provide some form of…
Coinsurance vs. Copay? Navigating the world of health insurance can be confusing, especially when it comes to understanding the various out-of-pocket costs you may be responsible for. Two common terms that often cause confusion are coinsurance and copays. While both represent amounts you pay for healthcare services, they differ in how they are calculated and…
Navigating the Healthcare Maze: Health Insurance Options for NYC College Students College life is an exciting time filled with new experiences, friendships, and learning opportunities. However, amidst the hustle and bustle of academics and social engagements, it’s crucial to prioritize your health and well-being. As a college student in New York City, you have access…
Health Care Open Enrollment Starts Today Open enrollment for health insurance through the Health Insurance Marketplace®, also known as Obamacare, starts today, November 1, 2023, and runs through January 15, 2024. This is the only time of year that you can enroll in or change Marketplace coverage for the next year, unless you qualify for…
How Do I Get Health Insurance Without A Job? If you’re unemployed, you may be wondering how you can get health insurance. There are a few different options available to you, so it’s important to do your research and find the best option for your needs and budget. 1. The Health Insurance Marketplace The Health…
Can Short-Term Health Insurance Be Renewed? Short-term health insurance plans are typically designed to provide temporary health coverage for people who are between jobs, waiting for a new employer-sponsored plan to start, or who need coverage for a specific period of time. These plans can be purchased without having to wait for the annual open…