More than 126,000 Coloradans paid a fine for not having health insurance in 2015, and a new report finds that many were eligible for reduced-cost -- or even free -- coverage.
Reported by Denver Post 1 day ago.
Why tens of thousands of Coloradans choose to pay a fine rather than buy health insurance
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Facing a big health insurance premium hike? Blame the kids
Dede Kennedy-Simington, an insurance agent in Pasadena, was “totally dismayed” when she learned recently that the premium on her family’s Blue Shield PPO would rise $391 a month next year — driven largely by huge increases for her two teenage children.
The cost of insuring her 16-year-old daughter... Reported by L.A. Times 1 day ago.
The cost of insuring her 16-year-old daughter... Reported by L.A. Times 1 day ago.
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House Passes Children's Health Insurance Bill, But Kids Are No Closer To Health Insurance
The Senate doesn't seem interested in passing this particular CHIP reauthorization.
Reported by Huffington Post 1 day ago.
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New Seasons CEO responds to employee complaints and effort to unionize
New Seasons Market employees say the grocery chain makes them to work in unsafe conditions and while sick, and is reducing health insurance benefits.
Reported by bizjournals 1 day ago.
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GOP tax plan would scrap deduction for big medical expenses
The tax bill unveiled by House Republicans on Thursday would not, as had been rumored, eliminate the tax penalty for failure to have health insurance. But it would eliminate a decades-old deduction for people with very high medical costs.
The controversial bill is an effort by Republicans to revamp... Reported by L.A. Times 1 day ago.
The controversial bill is an effort by Republicans to revamp... Reported by L.A. Times 1 day ago.
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Top GOP tax writer leaves the door open to repealing a key part of Obamacare in the tax bill
**· *Rep. Kevin Brady said Friday that the repeal of the Affordable Care Act's individual mandate could still be added to the new GOP tax bill.*
· *Repealing the mandate would save the federal government billions over the next 10 years, because far fewer people would have health insurance.*
· *Brady did not fully commit, because such a provision could run into trouble in the Senate.*
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A key part of the Affordable Care Act could still be on the chopping block as part of the GOP tax plan, a top Republican said Friday.
While speaking at a Politico event, House Ways and Means Committee Chair Kevin Brady — the author of the GOP tax bill — said that he is still considering including the repeal of the Affordable Care Act's individual mandate in the final tax bill.
"No decisions have been made," Brady said. "We're listening to members and certainly the president as well."
President Donald Trump tweeted that the bill should include an individual mandate repeal on Wednesday, less than 24 hours before the legislation's release.
By repealing the ACA's mandate, which compels Americans to buy insurance or face a tax penalty from the IRS, the federal government would save $416 billion over the next 10 years, according to a report from the Congressional Budget Office.
The cost of that increase revenue, however, would be approximately 15 million more people uninsured over the next 10 years compared to the current baseline. Without the individual mandate, some healthy people would choose to go without insurance, causing insurers to raise prices. That could lead to more people leaving the Obamacare exchanges, leading to insurers dropping out of the exchanges or raising prices, and so on. This is what health policy experts call a "death spiral."
A repeal of the mandate would also mean the federal government would not need to pay financial assistance for many people on the exchanges to help cover their premiums, saving money in tax outlays.
While the option was not in the draft of the tax bill released Thursday, Brady suggested it could be added in later revisions. Brady did express some reservations, however, given that the Senate could not agree on a repeal of Obamacare over the summer.
"There are pros and cons to this, importing healthcare into a tax reform debate has consequences especially when the Senate has failed to do anything on healthcare," Brady said.
*SEE ALSO: The GOP finally unveiled its massive tax plan that proposes a sweeping overhaul to the system*
Join the conversation about this story »
NOW WATCH: The Secret Service may have been 'impaired' the day JFK was assassinated Reported by Business Insider 1 day ago.
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Health care CEOs raise the specter of Amazon
Amazon.com's rumored move toward health care must have executives in that industry reaching for antacids. Amazon's rumored ambitions in pharmaceuticals reportedly spurred CVS Health's takeover attempt of health insurance giant Aetna (NYSE: AET), according to the Wall Street Journal. Walgreens CEO Stefano Pessina said this summer he doesn't expect Amazon to get into the health care industry. Other executives in the industry see opportunities to partner with Amazon or use its innovation to improve…
Reported by bizjournals 1 day ago.
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Darren Petty Earns Retirement Income Certified Professional ® (RICP) Designation
Darren Petty of Tucker Financial Solutions earns the Retirement Income Certified Professional professional designation from The American College of Financial Services.
Littleton, Colorado (PRWEB) November 03, 2017
Darren Petty (RICP®), Financial Fiduciary, Tucker Financial Solutions has earned the Retirement Income Certified Professional® (RICP®) professional designation from The American College of Financial Services, Bryn Mawr, PA.
Candidates for the RICP® designation must complete a minimum of three college-level courses and are required to pass a series of two-hour proctored exams. They must also have three years of experience, meet stringent ethics requirements, and participate in The College’s continuing education program.
The RICP® educational curricula is the most complete and comprehensive program available to professional financial advisors looking to help their clients create sustainable retirement income. The rigorous three-course credential helps advisors master retirement income planning, a key focus area not fully covered in other professional designation programs. From retirement portfolio management techniques and mitigation of plan risks to the proper use of annuities, employer-sponsored benefits and determining the best Social Security claiming age, the RICP® provides a wealth of practical information for advisors.
Using the most current techniques, RICP®’s identify retirement income needs and objectives and evaluate a client’s current situation to those goals. Individuals who earn a RICP® can provide expert advice on a broad range of retirement topics including income needs and objectives, estate issues and other risks to the retirement income planning, Social Security, health insurance and housing decisions, and income taxation.
About Tucker Financial Solutions
Tucker Financial Solutions has shown hundreds of Colorado families how to protect and grow their assets in order to generate an income that they cannot outlive. After all, if you want to retire, you will need a sustainable income to maintain your desired lifestyle. Let us, your trusted Denver investment advisors, help you prepare for a comfortable retirement so you can make the transition with confidence.
About American College
The American College is the nation’s largest non-profit educational institution devoted to financial services. Holding the highest level of academic accreditation, The College has served as a valued business partner to banks, brokerage firms, insurance companies and others for over 86 years. The American College’s faculty represents some of the financial services industry’s foremost thought leaders. For more information, visit TheAmericanCollege.edu Reported by PRWeb 1 day ago.
Littleton, Colorado (PRWEB) November 03, 2017
Darren Petty (RICP®), Financial Fiduciary, Tucker Financial Solutions has earned the Retirement Income Certified Professional® (RICP®) professional designation from The American College of Financial Services, Bryn Mawr, PA.
Candidates for the RICP® designation must complete a minimum of three college-level courses and are required to pass a series of two-hour proctored exams. They must also have three years of experience, meet stringent ethics requirements, and participate in The College’s continuing education program.
The RICP® educational curricula is the most complete and comprehensive program available to professional financial advisors looking to help their clients create sustainable retirement income. The rigorous three-course credential helps advisors master retirement income planning, a key focus area not fully covered in other professional designation programs. From retirement portfolio management techniques and mitigation of plan risks to the proper use of annuities, employer-sponsored benefits and determining the best Social Security claiming age, the RICP® provides a wealth of practical information for advisors.
Using the most current techniques, RICP®’s identify retirement income needs and objectives and evaluate a client’s current situation to those goals. Individuals who earn a RICP® can provide expert advice on a broad range of retirement topics including income needs and objectives, estate issues and other risks to the retirement income planning, Social Security, health insurance and housing decisions, and income taxation.
About Tucker Financial Solutions
Tucker Financial Solutions has shown hundreds of Colorado families how to protect and grow their assets in order to generate an income that they cannot outlive. After all, if you want to retire, you will need a sustainable income to maintain your desired lifestyle. Let us, your trusted Denver investment advisors, help you prepare for a comfortable retirement so you can make the transition with confidence.
About American College
The American College is the nation’s largest non-profit educational institution devoted to financial services. Holding the highest level of academic accreditation, The College has served as a valued business partner to banks, brokerage firms, insurance companies and others for over 86 years. The American College’s faculty represents some of the financial services industry’s foremost thought leaders. For more information, visit TheAmericanCollege.edu Reported by PRWeb 1 day ago.
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Children’s Health Bill Clears House as States Struggle to Keep Programs Afloat
A month after funds ran out, the House passed a bill to fund children’s health insurance. But the parties are still fighting over how to pay for it.
Reported by NYTimes.com 1 day ago.
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Magellan Behavioral Health launches probe of Woods Services
Magellan Behavioral Health, which manages mental health insurance benefits in six Pennsylvania counties, is helping parents move their children from Woods Services in Langhorne if they want to leave.
Reported by philly.com 1 day ago.
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Munson Healthcare offers insurance advice in NW Michigan
TRAVERSE CITY, Mich. (AP) — Financial counselors are available at several Munson Healthcare facilities to help people in northwestern Michigan seek health insurance through the Affordable Care Act. The 2018 enrollment period under the federal health care program runs through Dec. 15. About 18,000 northern Michigan residents are covered by health insurance plans provided through […]
Reported by Seattle Times 22 hours ago.
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FINEOS Announces General Availability of FINEOS AdminSuite FastTrack
*Business Wire India*FINEOS Corporation, a market leading provider of core systems for Life, Accident and Health insurance, announced the general availability of FINEOS Policy & Billing as part of FINEOS AdminSuite adding next generation policy administration and billing capabilities to our industry leading FINEOS Claims. The announcement was made during the 2017 FINEOS Global Summit currently taking place in San Francisco. FINEOS Policy and Billing, delivered in the cloud, provide clients an integrated solution to support new business acquisition through member record keeping with best in class billing flexibility. AdminSuite, including FINEOS Claims, provides Insurance Carriers with the ability to service both Group and Voluntary business, with flexible administrative oversight to meet each specific case’s needs while driving a superior customer experience. Included with the FINEOS AdminSuite is an open API structure allowing integration with most complimentary systems such as CRM, Underwriting/Rating, and Producer Compensation. FINEOS has developed a pre-configured, cloud-based offering, FastTrack, to enable a quick start for our clients. The FastTrack offering will enable a Carrier to get up and running with new products and services more quickly than the traditional policy administration implementations. FINEOS clients leveraging FastTrack can launch a new product, enter a market segment, or offer new services with much less risk than ever before. AdminSuite FastTrack empowers the carrier to compete in the ever-changing benefits market, without technology holding them back. FastTrack supports pre-configured Group Term Life, Disability and Voluntary products available out of the box. Additionally, leveraging the FINEOS OpenCore approach, API connections are available for Enrollment, Benefits Administration, and Digital solutions to integrate with your existing infrastructure. Commenting on FINEOS AdminSuite, Michael Kelly CEO, FINEOS said, “We are very pleased to offer our clients a complete solution for Policy Administration, Billing, Claims and Absence. We are investing significantly in new product development to provide our customers comprehensive core solutions in the cloud. Extending our FastTrack program to the complete AdminSuite will enable our customers to get down to business faster and easier than ever before.” FINEOS is a global market leader in core systems with customers in nine countries and has been chosen by 8 of the top 20 Group Life, Accident and Health insurers in the US and 4 of the top 5 Life, Accident and Health insurers in Australia. FINEOS has many years’ experience working with insurers in North America, Europe, and Asia Pacific. *About FINEOS Corporation* The FINEOS flagship product, FINEOS AdminSuite, is a cloud based core product suite for Life, Accident and Health carriers. FINEOS AdminSuite delivers full service Policy, Billing, and Claims, providing best-in-class functionality for Group, Voluntary, and Individual administration on a single platform, while also supporting self-admin, full-admin, and TPA assist models. FINEOS delivers innovative core systems to a global market and has customers, employees, and established bases in North America, Europe, and the Asia Pacific markets. For more information, visit www.FINEOS.com. ### View source version on businesswire.com: http://www.businesswire.com/news/home/20171103005737/en/ Reported by Business Wire India 13 hours ago.
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FINEOS Announces Successful Global Summit
*Business Wire India*FINEOS Corporation, a market leading provider of core processing systems for Life, Accident and Health insurance, today concluded its annual FINEOS Global Summit in San Francisco. This year’s event had the theme ‘The Rise of the Digital Insurer: A Sea Change for Life, Accident and Health’ and was attended by representatives from over 30 organisations from the USA, Canada, Australia, New Zealand, and Europe. The Summit is a unique, interactive event for FINEOS clients and partners to come together to share best practice and hear how their peers are driving improvements with innovative approaches to management. FINEOS CEO, Michael Kelly said, "This year’s Summit has been a tremendous success for FINEOS. It was great to see our clients and partners sharing knowledge with one another and learning from real-world experiences. We were also delighted to announce the general availability of both FINEOS AdminSuite and FINEOS Absence." Prior to the official opening of the Summit, both the North American and Asia Pacific Customer Advisory Groups met to discuss current projects and brought questions and feedback to FINEOS management. The Summit then kicked off on Thursday morning with a keynote presentation by Mike Connor, CEO& Co-Founder, Silicon Valley Insurance Accelerator who looked at how technology & InsurTech will shape the future of the insurance industry. This was followed by a presentation from Michael Kelly, CEO, FINEOS on the FINEOS Company Strategy. The morning was concluded with an update on the FINEOS Product Strategy. The afternoon focused on specific FINEOS Product updates including FINEOS Claims, FINEOS Policy, FINEOS Billing and FINEOS Absence. The audience were also introduced to the FINEOS Target Operating Model (TOM). On Friday morning, the keynote was given by Rachel Shaw, president of Shaw HR Consulting, who discussed mental health in the workplace and the impacts on productivity and workplace health. This was followed by a presentation from a large FINEOS customer which detailed their transformational journey with FINEOS to consolidate core software and digitally enable their business. The afternoon consisted of an executive panel discussion which saw executives from across the globe engaged in a moderated discussion on the top challenges, trends, and opportunities they are seeing in the Life, Accident & Health insurance industry today. The day was concluded with a presentation on the FINEOS Insurance Cloud. Throughout the event, there were numerous opportunities for networking with peers and with the FINEOS Management. In addition to main stage presentations, there were demonstration booths and informal lounge sessions. The Summit has continued to grow every year since its inception and has become the go-to for FINEOS customers to interact with FINEOS staff and other like-minded insurers. FINEOS is a global market leader in core systems with customers in nine countries and has been chosen by 8 of the top 20 Group Life, Accident & Health insurers in the US and 4 of the top 5 Life, Accident & Health insurers in Australia. FINEOS has many years’ experience working with insurers in North America, Europe, and Asia Pacific. *About FINEOS Corporation* The FINEOS flagship product, FINEOS AdminSuite, is a cloud based core product suite for Life, Accident and Health carriers. FINEOS AdminSuite delivers full service Policy, Billing, and Claims, providing best-in-class functionality for Group, Voluntary, and Individual administration on a single platform, while also supporting self-admin, full-admin, and TPA models. FINEOS delivers innovative core systems to a global market and has customers, employees, and established bases in North America, Europe, and the Asia Pacific markets. For more information, visit www.FINEOS.com. View source version on businesswire.com: http://www.businesswire.com/news/home/20171103005926/en/ Reported by Business Wire India 13 hours ago.
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Health insurance enrollment fair planned in Fairfield
FAIRFIELD, Conn. (AP) — Connecticut’s health insurance marketplace is holding an enrollment fair in Fairfield to sign up consumers looking to secure health insurance for 2018. Access Health CT’s event will be held Saturday, from 10 a.m. to 2 p.m. at the Faber Hall Dining Commons at Fairfield University. Four other enrollment fairs are also […]
Reported by Seattle Times 9 hours ago.
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House tax bill would scrap deduction for medical expenses
The tax bill unveiled by Republicans in the House on Thursday would not, as had been rumored, eliminate the tax penalty for failure to have health insurance. But it would eliminate a decades-old deduction for people with very high medical costs.
Reported by CNNMoney 7 hours ago.
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House tax bill would scrap medical expense deduction
The tax bill unveiled by Republicans in the House on Thursday would not, as had been rumored, eliminate the tax penalty for failure to have health insurance. But it would eliminate a decades-old deduction for people with very high medical costs.
Reported by CNNMoney 7 hours ago.
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Rand Paul Assaulted By Intruder At Kentucky Home
Senator Rand Paul was assaulted at his home in Bowling Green, Kentucky when a local man broke into his residence and attacked him, causing minor injuries before the intruder was subdued and arrested, the Bowling Green Daily News reported.Rene Boucher, 59, is in the Warren County Regional Jail in lieu of a $5,000 bond, according to online jail records available Saturday afternoon.
Paul suffered minor injuries, according to a news release from Kentucky State Police Post 3 in Bowling Green, which did not describe the circumstances surrounding the incident.
*"Senator Paul is fine,” said Kelsey Cooper, Paul's Kentucky communications director, said "Senator Paul was blindsided and the victim of an assault," Cooper said in an email. "The assailant was arrested and it is now a matter for the police.”*
A news release said troopers were called to Paul’s home at 3:21 pm Friday. According to the release, Boucher was arrested by Trooper Bartley Weaver and charged with assaulting the senator.
Local property records show a Rene Boucher owns a home on Rivergreen Lane, which is in the gated neighborhood just east of Bowling Green where Paul resides.
An arrest warrant for Boucher was issued through the Warren County Attorney's office. The charge of fourth-degree assault is a Class A misdemeanor punishable by up to 12 months in jail. Warren County Attorney Amy Milliken said further charges could be brought, based on the extent of Paul's injuries.
The investigation by Weaver is continuing, and no other details were immediately available. Paul, the junior senator from Kentucky who was elected in 2011, has made headlines recently for his intransigent opposition to the Trump legislative agenda – he was the only Republican who vote against the senate’s $4 trillion budget bill. He is also a vocal critic of Obamacare, who successfully persuaded President Trump to sign an order that will allow health insurance companies to sell insurance policies across state lines.
No motive for the attack has been determined as of yet, police said.
Reported by Zero Hedge 2 hours ago.
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Under Trump, Obamacare Shopping Is Even More Confusing. We're Here To Help.
Health insurance customers really need to do their research this year.
Reported by Huffington Post 19 hours ago.
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Feeling the pinch? Typical family yearly spend tops €50,000
When costs of mortgage, food, utilities, motoring, education and health insurance are added up, a family of four faces significant expenditure, according to new figures
Reported by Irish Times 17 hours ago.
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Apollo Munich Health Insurance Honoured with General Insurance Company of the Year at Asia Insurance Industry Awards 2017
*Apollo Munich Health Insurance Company*, a joint venture between integrated healthcare provider, *Apollo Hospitals Group*, and the *Munich Re Group*, has been conferred with 21st Asia Insurance Industry Awards in the “*General Insurance Company of the Year*” category.*Apollo Munich Health Insurance awarded as General Insurer of the Year at Asia Inurance Industry Award 2017*
The award recognizes Apollo Munich’s outstanding contribution in demonstrating market leadership during the qualifying period via innovation in products, services, practices, responsiveness to end-users and intermediaries, initiatives in boosting the image of insurance in society, narrowing the protection gap, and showcasing exceptional business growth through professionalism and sound management.
*Mr. Antony Jacob,CEO,Apollo Munich*
Speaking on this occasion *Mr. Antony Jacob, CEO, Apollo Munich Health Insurance *said, “We are extremely delighted and humbled to be the first standalone health insurer in Asia-Pacific region to win General Insurance Company of the Year at AIIA. Ever since our journey started 10 years ago, we have been living our purpose of ‘*Making India Health Confident*’. We do so not only by bringing world class healthcare within the reach of every individual by providing innovative solutions to the citizens of India, but also by partnering with our customers in leading healthier lives. Our belief primarily lies in un-complicating the health insurance system for the customers and make it more transparent.Achieving this gratitude by such a prestigious body and renowned industry stalwarts further corroborates that our efforts are making a difference to the society at large. We are hard at work on our next round of innovations, and this award will spur us on to greater success.”
In the short span of a decade since its 2007 launch, Apollo Munich has accomplished a number of firsts in India for its products: lifelong renewal, no sub-limits, no claim-based loading and co-payment, portability, restore and multiplier benefits and the first standalone dengue product. These have influenced regulation and also inspired other insurers to follow suit.
The AIIA is recognised as the most coveted Awards of the industry. It has defined criteria, a transparent process, is independently audited and adjudicated by a panel of esteemed Judges, themselves stars of the industry. With more than 400 entries received for the Awards, the judging panel was made up of 23 industry leaders from around the world. The 21st Asia Insurance Industry Awards are organised and hosted by Singapore-based Asia Insurance Review.
Criteria for winning the award was:
· Sets leading professional standards that other insurers are measured against
· Offers an extensive range of products and services catering to the needs of both corporate and individual clients
· A partner and adviser to corporate clients in adapting to the changing risk landscape
· Narrows the protection gap of the society
· Demonstrates in-depth knowledge and understanding of the region through its strategy
· Responsive to the needs of both end-users and intermediaries
· Industry leadership as shown through:
· Innovation in products and procedures
· Pro-actively embracing digital and social media
· Transparency in the selling process
· Customer-centric service
· Outstanding risk management and claims management experience
· Sound management and financial results
· Business growth
· Enhancing the image of insurance in the society
*About Apollo Munich Health Insurance Company*
Apollo Munich offers innovative and award-winning health, personal accident and travel insurance plans, with state-of-the art infrastructure and uncomplicated services, delivered by engaged employees. It is a joint venture between the Apollo Hospitals Group, Asia’s largest healthcare group, and Munich Health, Munich Re’s health business segment, which offers global health insurance and reinsurance excellence. Reported by NewsVoir 13 hours ago.
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