• Why you can get the serious consequences without health insurance

    Why you can get the serious consequences without health insurance...

    Many lives have been destroyed by not being covered by insurance. If this sounds like a warning, it could very well be a revival. In our modern world, we need laws for protecting ourselves and others. Auto insurance laws is a good sample. Other instances without insurance could be catastrophic if you do not have homeowners insurance, life and medical insurance. Each of us wants to live a long healthful life. Read...

  • A life insurance policy is your support in stressful life

    A life insurance policy is your support in stressful life...

    Safety is a pillar of our life. This is so because life in danger is not really life, and we do not need danger in its overall meaning. Your health may be at risk, your finances and your life can be too. All that can go wrong in a second. Of course, we do not want to think or imagine that, but we’ll do it for a second. Read...

  • How you should choose a pet insurance coverage

    How you should choose a pet insurance coverage...

    Get a pet insurance for your four-legged friend is something you need to consider whether you want to avoid huge unexpected vet bills in the future. This research will help you choose the insurance plan for your pets. When shopping for pet insurance to compare the best insurance pet care among all the plans out there, you need to know what to look for. You certainly want to find the best insurance for your pets well-loved, and there are many...

  • How renters should buy home insurance

    How renters should buy home insurance...

    As a homeowner you need to buy insurance when you take possession of your house. You buy because the insurance will defend you against the costs undergone by acts of nature and man. Things like a new roof, repaired basement or other harm are costly and you need a blanket. Insurance will help you with other events such as theft, fire and injury. Most insurance companies that sell insurance for owners will also sell home insurance to people...

Health Insurance Rate Increase Regulation Announced

The Department of Health and Human Services (HHS) has issued a preliminary version of the regulation aimed at controlling “unreasonable” rate increases at the national level.

The draft regulation requires carriers to publicly disclose any individual or small group health insurance rate increases higher than 10 percent. The regulation is still open to comment and subject to change. Double-digit increases will trigger a review by state or federal regulators to determine if they’re justified. States will get the first shot at scrutinizing the rate hikes.

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04 Jul, 2011  Posted by Savannah Royston  
Tags: Rate Increase, Regulation
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NY Attorney General Subpoenas 9 Life Insurers

New York Attorney General Eric Schneiderman sent out subpoenas to nine leading life insurance companies last month A source close to the matter told on Tuesday that the subpoenas sent addressed the companies practices in identifying and paying out policies to deceased customers.

Companies Not Identifying Deceased Policyholders

In a probe similar to that conducted by California Insurance Commissioner Dave Jones in May, Schneiderman is investigating nine major insurance companies that are being accused of not doing enough to locate beneficiaries of policyholders after theyve died.

His office is seeking information about unclaimed policy proceeds that should have either gone to the beneficiaries or been turned over to the state. Th

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04 Jul, 2011  Posted by Sofia Annois  
Tags: Attorney General, Life
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Legistation Introduced to End the Use-It-or-Loose-It Rules

Under the proposed “Medical Flexible Spending Account Improvement Act” (H.R. 1004) co-sponsored by U.S. Reps. Charles Boustany (R-La.) and John Larson (D-Conn.), FSA participants would be allowed to withdraw and pay taxes on any remaining account balances rather than forfeit those funds to their employer.

Currently, the Code Section 125 regulations allow employers to use forfeited contributions to pay plan administrative expenses and offset costs incurred by employees who spend their FSA funds and then terminate employment.

Most Health Benefit Advisers would prefer legislation to allow unused FSA dollars to simply remain in an individual’s FSA to meet future health care needs.

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29 Jun, 2011  Posted by Savannah Royston  
Tags: End, Introduced End
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1099 Reporting Requirements Repealed

President Obama signed legislation Thursday, April 14 repealing the expanded 1099 reporting requirements in the health care reform law and Small Business Jobs Act. The widely unpopular rules would have required businesses to report any purchases of goods or services of more than $600 a year from another vendor to the IRS on a Form 1099-MISC.

President Obama supported repealing this provision and with a bipartisan effort, lawmakers removed a requirement that would have been an undue barrier to small business growth. The many benefits of the health reform law for small businesses remain in place.

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26 Jun, 2011  Posted by Savannah Royston  
Tags: 1099 Reporting, 1099 Reporting Requirements, Reporting, Reporting Requirements
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Bancassurance “core part” of revitalised Lloyds proposition

Lloyds Banking Group says it intends to make bancassurance a core part of its proposition, and will therefore be building specialised advisor teams to better address customers’ needs.

The part taxpayer-owned bank has today announced the results of a strategic review that will cost 15,000 jobs worldwide and result in £1.5 billion of annual savings by 2014.

With £2 billion freed up for investment, Lloyds intends to revitalise its Halifax brand and widen its product range to SMEs, to include insurance and wealth.

The bank is also committed to maintaining its UK branch network at the current level and will not offshore further UK permanent operational roles.

According to group chief executive, António Horta-Osório: “We will unlock the potential in this franchise over time by creating a simpler, more agile and responsive organisation, and by making substantial investments in better-value products and services for our customers.”

 


25 Jun, 2011  Posted by Savannah Royston  
Tags: Lloyds, Part” Revitalised
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Ash cloud threatens travel plans

Just over a year after the ash cloud paralysed air travel, the eruption of another Icelandic volcano is threatening the plans of millions of UK travellers. Ash from the Grimsvotn volcano has already resulted in the airspace above Iceland being closed and weather experts believe the ash cloud will reach Scotland by lunchtime on Tuesday and spread over the rest of the country by Thursday.

Air passengers in Scotland and UK travellers in, or heading to, Iceland have already been affected. Icelandic airspace was closed at the weekend and a number of airlines including British Airways, KLM, Aer Lingus and Easyjet have cancelled flights to and from Edinburgh, Glasgow, Invereness and Aberdeen airports.

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23 Jun, 2011  Posted by Mariam Rosa  
Tags: Ash Cloud, Plans
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High Risk Families with High Deductibles Not Cutting Back on Care

Medically vulnerable individuals enrolled in high-deductible health plans are not at a greater risk for cutting back on necessary health services than non-vulnerable enrollees in high-deductible plans, according to a new study by RAND Corporation,

For the study, researchers analyzed data on more than 360,000 U.S. families enrolled in high-deductible health plans through 59 large employers between 2003 and 2007. In particular, researchers examined how high-deductible plans affected families living in low-income areas and families that had a member with a serious chronic condition.

Key Findings

Some health advocates have expressed concern that high-deductible plans could spur low-income families and people with chronic illnesses to forgo necessary medical care. Read more…


23 Jun, 2011  Posted by Savannah Royston  
Tags: Back, Cutting Back
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