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Archives March 2011

Affordable Health Insurance

Grace UnitedHealth Group Makes Fortune's 2011 "World's Most Admired Companies" List

UnitedHealth Group has announced their top spot among insurance and managed care companies in Fortune's 2011 "World's Most Admired Companies" list. This affordable health insurance company garnered the coveted position in Fortune's March 21 issue and has posted the news on a press release on the company website.

In addition to their achievement on the "World's Most Admired Companies" list, this individual health insurance company ranked in high spots in their sector for the following:

  • Quality of management
  • People management
  • Quality of products and service
  • Financial soundness
  • Use of corporate assets
  • Long-term investment
  • Social responsibility
  • Innovation ...
Health Insurance Mandates

Grace Health Insurance Mandates for Which Everyone Pays

The Affordable Care Act signed into law by President Obama one year ago offers consumers many benefits when it comes to finding and keeping affordable health insurance. However, those benefits come at a price, and it is a price that everyone in an individual health plan pays – whether they want to or not.

It's not just those benefits that come with a price tag attached; since the 1960s, mandated insurance benefits have slowly been added to insurance policies, expanding coverage while raising the cost of individual health insurance overall.

We have a list of a few of those mandates ...

Anthem Vision Care Coverage

Grace Anthem to Offer Improved Vision Care Coverage to Connecticut Members

Anthem Blue Cross and Blue Shield has recently announced the expansion of their vision care coverage to Connecticut members of their affordable health plan. Dubbed Blue View Vision, this coverage offers comprehensive vision care to members of the affordable health insurance company who want it.

Blue View Vision is affordable and flexible, and it offers access to more than 700 providers in the Connecticut network and around 50,000 providers nationwide. Patients with this affordable health plan are able to see ophthalmologists, optometrists and opticians, as well as purchase corrective lenses at a variety of retail chains around the country ...

Accountable Care Organization

Grace Aetna and Carilion Clinic to Collaborate on Accountable Care Organization

Members of Aetna individual health plans that are also patients in the Carilion Clinic system will now enjoy greater value for their health care dollars. The move to an accountable care organization between this affordable health insurance company and the largest health care provider in Virginia promises to reduce health care costs, while simultaneously improving the quality of care for patients. The collaboration has been announced on both company websites, as well as through a variety of news outlets.

R. Wayne Grandee, M.D., Carilion Clinic's chief medical officer, said in a press release on Aetna's website, "Working ...

Health Savings Account

Grace How Health Savings Accounts Save on Your Taxes

With April 15th just around the corner, everyone is looking to cut back on income taxes and find affordable health insurance at the same time. The good news is there is a tool you can use to gain Affordable Medical Insurance, while cutting your income tax bill.

Health Savings Accounts, also known as HSAs, offer a plethora of tax and money-saving benefits that drive down the cost of your annual health care expenses overall.

We have the analysis on exactly how health savings accounts can help you save big on your bill to Uncle Sam every year, while providing you ...

Affordable Health Insurance

Grace The Health Insurance Mandate in the Affordable Care Act

One of the most controversial provisions in the Affordable Care Act requires all Americans to carry individual health insurance or face a stiff penalty. This requirement is set to go into effect in 2014, although many believe that before it can be put in motion, it must go to the Supreme Court to determine the constitutionality of such a mandate.

We'll take a closer look at this individual health insurance mandate and how it might affect your health care coverage in the future.

What is the Requirement?

According to the Affordable Care Act that was signed into law by ...

Health Savings Account

Grace Controversy Over New HSA Rules

The IRS has made changes to how you can spend your Health Savings Account funds in 2011, and the new rules may catch some people with individual health plans off guard. We have an overview of how you can and cannot use those savings dollars throughout the current year.

HSAs: What Was Allowed

In the past, consumers could use funds in both the flexible savings accounts and health savings accounts to purchase over the counter medications of all kinds. Medicines might include pain relievers, antacids, cold and flu medicines and allergy medicines. This rule brought significant tax benefits to the ...

Health Insurance Factors

Grace 8 Factors that Affect Your Health Insurance Rates

Have you ever wondered why you pay the premiums you do for your Individual Medical Insurance? Many people complain about the high cost of health care and increasing health insurance rates, but few actually spend the time studying the factors that directly (and indirectly) impact those rates.

If you are curious to know why your health insurance rates are set the way they are, we have a few factors that determine the cost of individual health plans today.

Age and Health History of Members

One of the first things that an insurance company will evaluate when determining health insurance rates ...

Health Insurance Claim Denied

Grace What to Do When a Health Insurance Claim is Denied

The primary purpose of individual health insurance is to cover you if you become sick or injured – but what if that doesn't happen? Sometimes insurance claims get denied, leaving the patient with a big bill that he may not be able to pay.

The good news is that there are processes in place to appeal denied claims, and in some of those instances, the expenses can get picked up by your individual health plan after all. We have the steps you need to take if you find one of the claims on your individual health plan denied.

Read the ...

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