Posts Tagged “Health Insurance”
Long term care insurance offers benefits & protection for smart consumers
By Jorge Hiram Garcia, Your Insurance Advisor | April 18, 2012
Many of us have a hard time picturing the benefits of long term care insurance. Long term care insurance offers many benefits & protection for smart consumers who plan ahead. Long term care insurance has many uses, and offers many benefits, but by its very nature, it is for the long term, many people have [...]
Supreme Court Mulls Affordable Care Act
By Jorge Hiram Garcia, Your Insurance Advisor | April 4, 2012
Here are some consumer benefits that would disappear if the whole law were to be ruled unconstitutional: Increased coverage of preventive services Many health insurance plans are now subject to new rules that require them to cover recommended preventive services without charging a co-payment. As a result, consumers pay nothing for services like routine screenings, [...]
What’s Coming Up for the Affordable Care Act (ACA)
By Jorge Hiram Garcia, Your Insurance Advisor | March 29, 2012
Two of the most pressing ACA changes on the horizon for the marketplace are the implementation of the Summary of Benefits and Coverage and preparation for participating on the public exchanges. Upcoming changes to the Affordable Care Act that are looming include: Summary of Benefits and Coverage Beginning Sept. 23, 2012, all insurers and group [...]
Looking Back at The Affordable Care Act
By Jorge Hiram Garcia, Your Insurance Advisor | March 29, 2012
The Affordable Care Act, also known as ACA, has made an impact on healthcare for many consumers. This week the Supreme Court will hear arguments on challenges to the Affordable Care Act (ACA). Several of ACA’s provisions are already making an impact on the business of health care and individual consumers. Some of the provisions [...]
Congressional Update: Final Rule for Qualified Health Plans
By Jorge Hiram Garcia, Your Insurance Advisor | March 16, 2012
Final Rule Issued on Establishing Exchanges and Qualified Health Plans and Exchange Eligibility This week the Department of Health & Human Services (HHS) issued a final rule on the establishment of exchanges and qualified health plans, and exchange eligibility. The Affordable Care Act (ACA) requires states to establish exchanges by Jan. 1, 2014. The final [...]
Insurers Join Forces To Help Consumers – Major Medical Health Insurance
By Jorge Hiram Garcia, Your Insurance Advisor | February 14, 2012
Individual major medical policyholders soon will have access to one of the nation’s largest networks, bringing cost savings in many markets! Assurant Health has established a relationship with Aetna® allowing Assurant Health individual major medical policyholders access to the Aetna Signature Administrators® national PPO network starting in March. Aetna Signature Administrators national PPO network is [...]
Congressional Update: Afordable Care Act Final Regulations Update 2-10-2012
By Jorge Hiram Garcia, Your Insurance Advisor | February 10, 2012
The Affordable Care Act: Final Regulations Issued for Summary of Benefits and Coverage Yesterday, the Departments of Health and Human Services, Labor and Treasury released the final rule and related documents for the uniform Summary of Benefits and Coverage (SBC) provision of the Affordable Care Act. This provision requires all insurers and group health plans [...]
Congressional Update: Summary of Benefits and Coverage Compliance On Hold
By Jorge Hiram Garcia, Your Insurance Advisor | February 8, 2012
In recent news from Congress: The Affordable Care Act requires all insurers and group health plans to provide consumers with a Summary of Benefits and Coverage (SBC) at certain times, including upon request for information, at the time of application, at enrollment and annually upon re-enrollment. As the March 2012 implementation date for this provision [...]
Revisions to Pre-Existing Conditions for BCBSTX members
By Jorge Hiram Garcia, Your Insurance Advisor | August 18, 2010
Pre-Existing Condition Exclusions Blue Cross and Blue Shield of Texas (BCBSTX) has revised the chart published last month defining how pre-existing condition waiting periods will be applied to insured and self-funded (ASO) business. Insured – BCBSTX will waive pre-existing condition exclusions for all enrollees up to age 19, and for all dependent children up to [...]
Annuities: How Does A Single Premium Immediate Annuity Work?
By Jorge Hiram Garcia, Your Insurance Advisor | June 3, 2010
When you buy an annuity, you pay a certain amount of money called an insurance premium. This premium can be paid all at once in the beginning (called a single premium annuity), or it can be paid in installments (a flexible premium annuity). When an insurance company receives the premium from you, the premium is gathered and collected, or pooled, with the premium paid by all of the other people that buy annuities from the insurance company.
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