Health insurance is one of the policies that are necessary to have because at one point, all of us will require some sort of medical treatment and service. If you are uninsured when a health condition occur, that could mean a considerable amount that you have to pay out-of-pocket. This can vastly impact your budget and current finances. Basically, a health insurance policy works by shouldering the medical expenses and treatments that you have incurred. Surely, it seems like a great strategy in order to thwart the effects of medical expenses on your finances. But, what if your insurer refuses to pay off your claims and states that your condition is excluded from your policy? If you find yourself in this scenario, don’t fret as you have every right in the world to appeal. Here’s how. 1. Do it right away. If you get
The progressive slowdown of health care inflation in the United States can be as low as 6.5% next year. This development in the American health care situation is made possible through intensified measures by employers and the Affordable Care Act. The inflation rate decrease in 2014 is based from findings reported by the Health Research Institute of PricewaterhouseCoopers, which is a Limited Liability Partnership. The report’s writers stated that this slowdown contradicts the expected trend in US health care costs. Before 2005, the inflation rate of American health care insurance was as high at more than 8% within a year. The PwC Health Research Institute notes that the decline in rate is caused by the Obama administration’s health care reforms and similar health care constitution changes during that time. Americans have to pay more for health care costs even when going through economic recession.
The Obama administration recently implemented a rule that gives greater control over employees’ health care. Employers can provide either incentives or penalties based on the lifestyle of who work for them. The effect on premium rates can be worth as high as half of a premium’s cost. According to a May 30, 2013 article from the New York Times, this rule will be implemented to group health insurance that support ‘plan years’ starting on June 1, 2014. The recent decree is part of the Affordable Care Act of 2010. It further states that health care programs should be free as possible from discrimination between employees based on how healthy they are. This rule enables employers to carry out health standards for their employees. The latter must meet or even excel in these standards in order to gain extra rewards. Failure to comply will probably