In The U.K., Blindness Is Free https://t.co/WdmI3bDUm3 from The Political Hat Blog— Political Hat Blog (@PoliticHatBlog) April 9, 2019
It's what inevitably happens when health care becomes a "right."
from InsureBlog http://bit.ly/2Is7zO1
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Tuesday, 9 April 2019
Insurance Tips and trik auto insurance, auto insurance quotes, auto insurance companies, auto insurance florida, auto insurance quotes online, auto insurance america
Oh:
It's what inevitably happens when health care becomes a "right."
from InsureBlog http://bit.ly/2Is7zO1
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It's what inevitably happens when health care becomes a "right."
from InsureBlog http://bit.ly/2Is7zO1
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Monday, 8 April 2019
Insurance Tips and trik auto insurance, auto insurance quotes, auto insurance companies, auto insurance florida, auto insurance quotes online, auto insurance america
So here's the scenario:
I sell a life insurance policy from Carrier A. The insured dies, and her beneficiary files the claim directly with the carrier (likely out-of-area relative who doesn't know I'm even involved). The carrier not only doesn't send the check to me for delivery, but doesn't even notify me that the claim has been made.
So I call them on this, and they say that they have no way to make the connection (even though they eventually notify me when he claim is settled, after the check's cleared, so they obviously can connect those dots).
I think that:
1) The carrier is obligated to inform me that a claim has been made, and
2) Is also obligated to send me the check unless I tell them otherwise.
I am livid.
But am I wrong?
In consulting with colleagues around the country, it seems that I am a bit behind the times on insisting on delivering the claim check personally (where possible). And I'm okay, albeit disappointed, with that.
But there's also agreement that the carrier needed to alert me the instant the claim was filed.
So, I'd be interested in our readers' take:
I sell a life insurance policy from Carrier A. The insured dies, and her beneficiary files the claim directly with the carrier (likely out-of-area relative who doesn't know I'm even involved). The carrier not only doesn't send the check to me for delivery, but doesn't even notify me that the claim has been made.
So I call them on this, and they say that they have no way to make the connection (even though they eventually notify me when he claim is settled, after the check's cleared, so they obviously can connect those dots).
I think that:
1) The carrier is obligated to inform me that a claim has been made, and
2) Is also obligated to send me the check unless I tell them otherwise.
I am livid.
But am I wrong?
In consulting with colleagues around the country, it seems that I am a bit behind the times on insisting on delivering the claim check personally (where possible). And I'm okay, albeit disappointed, with that.
But there's also agreement that the carrier needed to alert me the instant the claim was filed.
So, I'd be interested in our readers' take:
from InsureBlog http://bit.ly/2UmPIPJ
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Friday, 5 April 2019
Insurance Tips and trik auto insurance, auto insurance quotes, auto insurance companies, auto insurance florida, auto insurance quotes online, auto insurance america
1 - Last week, I asked about the value of a proposed new Ohio law mandating that "[b]usiness owners with less than 100 workers would be allowed to see data on employees' health claims." I was wondering specifically why we even needed this, and what good it might be expected to do.
My co-blogger Patrick has provided me with a great answer, and I thought it'd be helpful to share it:
"This is only for 50+. Right now in the ESI market segment from 50-99 there is no data shared. This is a good step in the right direction for transparency but will also have to be accompanied by projected data if it’s going to be efficient."
Thank you, Patrick!
2 - Our friend Holly R has tipped us to this item, which becomes even more relevant as we head into the Spring and Summer:
"To produce a malaria vaccine for mass deployment, biotech firm Sanaria has to decapitate and dissect out the salivary glands, which hold the malaria-causing parasite, for each individual mosquito—by hand. Enter the mosquito guillotine."
Cutting edge.
3 - Finally, FoIB and actuary Greg Fann offers an inside look at the truth behind one of the most controversial aspects of health insurance:
My co-blogger Patrick has provided me with a great answer, and I thought it'd be helpful to share it:
"This is only for 50+. Right now in the ESI market segment from 50-99 there is no data shared. This is a good step in the right direction for transparency but will also have to be accompanied by projected data if it’s going to be efficient."
Thank you, Patrick!
2 - Our friend Holly R has tipped us to this item, which becomes even more relevant as we head into the Spring and Summer:
"To produce a malaria vaccine for mass deployment, biotech firm Sanaria has to decapitate and dissect out the salivary glands, which hold the malaria-causing parasite, for each individual mosquito—by hand. Enter the mosquito guillotine."
Cutting edge.
3 - Finally, FoIB and actuary Greg Fann offers an inside look at the truth behind one of the most controversial aspects of health insurance:
— Greg Fann (@greg_fann) March 29, 2019
from InsureBlog http://bit.ly/2OOWrff
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Thursday, 4 April 2019
Insurance Tips and trik auto insurance, auto insurance quotes, auto insurance companies, auto insurance florida, auto insurance quotes online, auto insurance america
I know next to nothing about college basketball, and even less about March Madness, but I do know little something about insurance. So when FoIB tsrblke tipped us to this story, my interest was piqued:
"Citing sources, Rovell tweeted that Duke paid for an $8 million policy for its star freshman, with the premium for such a policy typically costing around $50,000. Schools are allowed to pay for such a policy under NCAA rules."
Now, it's true that one trenchant Twitter commenter opined that "Health insurance is a totally different universe than Disability insurance," but neither of those is in play here. Rather, this falls under the category of 'special risk' cover, about which we've posted before. Here, for instance:
"Citing sources, Rovell tweeted that Duke paid for an $8 million policy for its star freshman, with the premium for such a policy typically costing around $50,000. Schools are allowed to pay for such a policy under NCAA rules."
Now, it's true that one trenchant Twitter commenter opined that "Health insurance is a totally different universe than Disability insurance," but neither of those is in play here. Rather, this falls under the category of 'special risk' cover, about which we've posted before. Here, for instance:
Which, as it happened ... happened, and the store owner's special risk policy paid out over $300,000. Smart buy, that.
The key here is that, unlike health or disability income insurance,. special risk plans fall under the category of Property/Casualty (not Life/Health). They're designed to cover a specific and identifiable circumstance or event, shifting the risk of that event or circumstance happening (or not happening) onto the insurer.
In fact, this "loss of value" plan is closer to diminished value coverage for your wrecked car than it is either DI or health. And at a very reasonable cost, as well.
Now, as to the propriety of such an arrangement? Well, as noted above, these plans are allowed under NCAA rules. But more specifically:
"According to the NCAA, loss of value insurance is insurance that "protects a student-athlete's future contract value from decreasing below a predetermined amount due to a significant injury or illness suffered during the policy's designated coverage period. It is typically purchased for the year leading up to the athlete's draft eligibility. It requires medical underwriting, and may include exclusions for specific pre-existing injuries or illnesses."
So there you have it: $50,000 against potential loss of $8,000,000. Quite the bargain.
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Wednesday, 3 April 2019
Insurance Tips and trik auto insurance, auto insurance quotes, auto insurance companies, auto insurance florida, auto insurance quotes online, auto insurance america
We occasionally get "Embargoed" news releases from various sources, none of which are very interesting, but all of which apparently presume that we are obligated to honor the "embargo."
Today was no exception, and I'm taking this opportunity to flout it.
And by no exception, I mean that I've been told that this is "embargoed" and I can see that it's not terribly interesting. So I'll spare the details and just break the "embargo" thusly:
"Given your interest in climate change, I want to offer you the following statement from JupiterIntelligence in support of tomorrow's release of a new report by the Independent Advisory Committee on Applied Climate Assessment: EvaluatingKnowledge to Support Climate Change."
Now, I have no idea how these folks determined that we have any interest in "climate change," since it's not an insurable risk (AFAIK). But if you're really interested in the report, it's available here.
That is all.
Today was no exception, and I'm taking this opportunity to flout it.
And by no exception, I mean that I've been told that this is "embargoed" and I can see that it's not terribly interesting. So I'll spare the details and just break the "embargo" thusly:
"Given your interest in climate change, I want to offer you the following statement from JupiterIntelligence in support of tomorrow's release of a new report by the Independent Advisory Committee on Applied Climate Assessment: EvaluatingKnowledge to Support Climate Change."
Now, I have no idea how these folks determined that we have any interest in "climate change," since it's not an insurable risk (AFAIK). But if you're really interested in the report, it's available here.
That is all.
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Insurance Tips and trik auto insurance, auto insurance quotes, auto insurance companies, auto insurance florida, auto insurance quotes online, auto insurance america
Courtesy FoIB Holly R:
"Quebec nurses to strike against mandatory overtime Monday"
When the system is run by the government under the principle that access to health care is a right, it means that providers of that care must sacrifice their own autonomy and are then forced to provide it.
Thank goodness no one's suggesting it here.
"Quebec nurses to strike against mandatory overtime Monday"
When the system is run by the government under the principle that access to health care is a right, it means that providers of that care must sacrifice their own autonomy and are then forced to provide it.
Thank goodness no one's suggesting it here.
from InsureBlog https://ift.tt/2OFl4eh
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Tuesday, 2 April 2019
Insurance Tips and trik auto insurance, auto insurance quotes, auto insurance companies, auto insurance florida, auto insurance quotes online, auto insurance america
Follow Sol Shipotow's journey into and out of the Medicare Avantage jungle.
Full NPR story at this link.
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Full NPR story at this link.
from InsureBlog https://ift.tt/2CND3dC
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