Sure, they’re less expensive for consumers, but short-term health policies have another side: They’re highly profitable for insurers and offer hefty sales commissions. Driven by rising premiums for Affordable Care Act plans, interest in short-term insurance is growing, boosted by Trump administration actions to ease Obama-era restrictions and possibly make federal subsidies available to consumers to purchase them. That’s good news for brokers, who often see commissions on such policies hit 20 percent or more. On a policy costing $200 a month, for example, that could translate to a $40 payment each month. By contrast, ACA plan commissions, which are often flat dollar amounts rather than a percentage of premium, can range from zero to $20 per enrollee per month. “Customers are paying less and I’m making more,” said Cindy Holtzman, a broker in Woodstock, Ga., who said she gets 20 percent on short-term plan commissions. Large online brokers also are … [Read more...] about Short-Term Health Plans Hold Savings For Consumers, Profits For Brokers And Insurers
Fine for no health insurance 2016
Health Inc. Facebook Twitter Flipboard Email Enlarge this image Selling short-term health plan is lucrative for brokers and insurers. skynesher/Getty Images hide caption toggle caption skynesher/Getty Images Selling short-term health plan is lucrative for brokers and insurers. skynesher/Getty Images Sure, they're less expensive for consumers, but short-term health policies have another side: They're highly profitable for insurers and offer hefty sales commissions for brokers. Driven by rising premiums for Affordable Care Act plans, interest in short-term insurance is growing, boosted by Trump administration actions to ease Obama-era restrictions and possibly make federal subsidies available to consumers to purchase them. Short-term plans can be far less expensive than ACA plans because they set annual or lifetime payment limits. Most of these plans exclude people with pre-existing medical conditions, don't cover prescription drugs and exclude in … [Read more...] about Short-Term Health Plans Boost Profits For Brokers And Insurers
By Melissa Patrick Kentucky Health News For the first time in nearly a decade, the number of uninsured children in the United States and Kentucky increased, according to a report from Georgetown University in Washington, D.C. Kentucky Voices for Health graphic From 2016 to 2017, the number of uninsured children in the U.S. increased by 276,000, to nearly 4 million. About 5 percent of the nation's children were uninsured in 2017, up from 4.7 percent in 2016. In Kentucky, 6,000 fewer children had health insurance in 2017, for a total of 41,000. That's an increase to 3.8 percent, up from 3.3 percent in 2016. The report, based on Census Bureau data, found that no state saw its number of uninsured children decline. The rate did drop in the District of Columbia. "Having health insurance is important for children because it improves their access to needed preventive and primary care such as well-child visits, immunizations, and prescription drugs. Insured children are … [Read more...] about More children in state and nation lack health insurance; Kentucky kids’ uninsured rate rose to 3.8% in 2017, from 3.3% in 2016
SECTIONS Search E-edition Customer Service Customer Service SacBee Rewards About Us About Us Contact Us Apps Mobile & Apps Twitter, Facebook, Google+, YouTube News in Education (NIE) Newsletters Local Sacramento Region Arena City Beat Crime Local Govt Salary Database The Homeless Marcos Bretón Transportation Education Environment Health & Medicine Traffic Conditions Weather Communities Elk Grove Folsom/El Dorado Roseville/Placer Yolo Sports Sports Kings NBA News 49ers Giants Oakland A's High School Sports Joe Davidson More Sports Raiders NFL News MLB News River Cats Soccer Colleges Golf Autos Racing Politics Politics Capitol Alert State Workers The California Influencer Series Local Elections PoliGRAPH State Worker Salary Database Legislative Gifts … [Read more...] about 2.7 million Californians don’t have health insurance. Can that number go lower?
WASHINGTON — President Donald Trump isn't playing it straight when it comes to his campaign pledge not to undercut health coverage for people with pre-existing medical conditions. Five weeks before midterm elections, he is telling voters that those provisions "are safe," even as his Justice Department is arguing in court that those protections in the Affordable Care Act should fall. The short-term health plans Trump often promotes as a bargain alternative to "Obamacare" offer no guarantee of covering pre-existing conditions. On the economy, the president exaggerates his role in boosting jobs for black Americans and falsely claims a retooled trade agreement with South Korea will help U.S. farmers. He offers a head-scratching response after the Federal Reserve acted to raise interest rates. Reliving the 2016 election, yet again, Trump also wrongly states he won the women's vote. The misrepresentations came in a memorable week in which all eyes were on Supreme Court nominee Brett … [Read more...] about AP FACT CHECK: Trump’s falsehoods on health plan protections