The year 2023 marks the tenth year of operations for the US health insurance exchanges since they launched as part of the Affordable Care Act in 2014. The individual market has remained fluid during this time, with insurer participation, pricing, and plans changing from year to year.
Consumer participation increased by 25 percent to approximately 16 million from 2020 to 2022, coincident with extended enrollment periods and enhanced subsidies implemented under the American Rescue Plan Act of 2021 and extended through 2025 by the Inflation Reduction Act of 2022.
We have collected and analyzed data from every health insurance exchange…
Health Insurance
How I Recovered from Over $500,000 Worth of Medical Debt
A sudden diagnosis of heart failure in an otherwise healthy 28-year-old person is challenging to accept.
Spending the next months grappling with questions like “Will he be able to go back to work?” and “How will we make payments on our mortgage?” was difficult.
We were married just three years prior, had children, and were shocked to see a huge medical bill show up for the unexpected diagnosis of a chronic health condition.
Pulling together and working hard to make big decisions, we were able to pay off $500,000 worth of medical debt and put ourselves on the path to…
Opinion: Canadians are the biggest losers in the Supreme Court’s latest health care decision
It was 18 years ago that the Supreme Court of Canada ruled that waitlists for health care in Quebec were an affront to a patient’s constitutional rights – opening the door to private health insurance in the province.
Which is why the court’s decision last week not to hear an appeal of a BC Court ruling, which bans extra-billing and private insurance, is so puzzling. And infuriating. Because not much has changed in the nearly two-decade-long span since its landmark decision on this matter. In fact, it could be argued, the situation has deteriorated even further, with the crisis in…
What is Probate?
Probate is a court process that your estate will go through after you pass away. The probate court will distribute your estate and make decisions regarding your estate.
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Many of our clients come to us without an understanding of probate or having had a bad experience with the probate court and wanting to keep their estate out of probate.
If you die without a written estate plan, your estate must go…
Legal and Financial Planning for People with Dementia
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Many people are unprepared to deal with the legal and financial consequences of a serious illness such as Alzheimer’s disease or a related dementia. Legal and medical experts encourage people recently diagnosed with a serious illness — particularly one that is expected to cause declining mental and physical health — to examine and update their financial and health care arrangements as soon as possible. Basic legal and financial documents, such as a will, a living trust, and advance directives, are available to ensure that the person’s late-stage or end-of-life health care and financial decisions are carried out.
A complication…
Many kids missed dental care during the pandemic. Luckily, these dentists visit schools for free
Hygienist Katie Wheeler cleans Sarahi Dominguez Rodriguez’s teeth during a Tri-County Dental mobile clinic, part of the Robert Glass Focus on the Children program, on March 21, 2023, at Appleton Bilingual School in Appleton, Wis.
When the Odle family had a career change, all five of their kids lost dental insurance.
“Unfortunately, our dental insurance changed, so we didn’t have any for the kids, which was terrifying because we had to,” said their mother, Judy. “It’s so important.”
The Odles were able to start getting care from Tri-County Dental, a volunteer-driven dental clinic serving people in Calumet, Outagamie and Winnebago…
Should employers offering health benefits get tax credits?
Québec (65 per cent)
Ontario (63 per cent)
British Columbia (60 per cent)
Atlantic Canada (59 per cent)
Saskatchewan/Manitoba (58 per cent)
Alberta (55 per cent)
The same is true among different age groups:
60+ (66 per cent)
45 to 59 (59 per cent)
30 to 44 (61 per cent)
18 to 29 (59 per cent)
A health spending account is among the top three features Canadians desire in a benefits plan, according to a previous RBC Insurance report.
Employer-provided plan
Currently, 64 per cent of Canadians have…
Is Your Compliance Plan Protecting You?
Healthcare compliance plans are essential to ensure your practice is following the law. Your compliance plan can keep your practice out of trouble.
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A recent enforcement action highlights the need for an effective and updated compliance plan.
A physician in Arkansas has been sentenced to 102 months of prison time and to pay over $4.63 million in restitution. Following release from prison, he will have three (3) years of supervised release.…