The High Net Worth Individuals (HNWIs) are known for keeping a portfolio of diverse insurance purchases. While many of us take for granted the utility of insurance, these individuals, in particular, will continue to explore better opportunities where they can get the most out of these policies. why? Because they understand the risks and want to avoid experiencing the aftershocks of the same. One such insurance policy they would run to purchase at first instance is health insurance.
Now, what policy you purchase depends on what antecedents you have and what your requirements are. In case you are an HNWI…
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Health and travel insurance for international students
Between applying to schools and sorting out travel visas and accommodations, moving to Canada as an international student can be quite daunting — especially once you start considering medical and travel insurance. While Canada prides itself on its publicly funded healthcare, it’s not always available right away for newcomers and international students. And the costs can mount for people who are not covered, as well as the stress of falling ill far away from your home country.
Thankfully, most international students enrolled in a full-time program in Canada have some level of health insurance, either through their provincial health coverage…
Getting Your Affairs in Order Checklist: Documents to Prepare for the Future
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No one has ever planned to become sick or disabled. Yet, planning for the future can make all the difference in an emergency and at the end-of-life. Being prepared and having important documents in a single place can give you peace of mind, help ensure your wishes are honored, and ease the burden on your loved ones.
Checklist for getting your affairs in order
Share this infographic to spread the word about getting your affairs in order.
This list provides common steps to consider when getting your affairs in order.
1. Plan for your estate and finances. Depending on…
Florida is not doing enough to keep children on Medicaid, health advocates warn
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Health care advocates are sounding the alarm over how Florida is handling last month’s end of emergency Medicaid, which they color could force thousands of eligible children to lose medical coverage because their parents don’t know they must apply to the federal program.
One reason they don’t know, according to advocates, is that Florida officials haven’t done enough to reach out to families and that some of its messaging is causing confusion. Some advocates are also asking why Florida isn’t taking advantage of a federal waiver that would ensure stable health coverage for their youngest and…
Over 35K Georgians risk losing health insurance after state places company into receivership
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ATLANTA – More than 35,000 Georgians will lose their health insurance unless they find a new provider before August.
The state Insurance Commissioner announced that policyholders with the Friday Health Plan will have their coverage end at the end of the day on July 31.
The state is taking over the insurance company, saying that it is insolvent and cannot raise additional revenue from outside investors.
Friday Health Plans of Georgia Inc. was placed into administrative supervision by consent order after it was reported a deficiency in March.
“During this period of enhanced supervision our office has closely monitored…
Democratic lawmakers press Newsom to spend millions from health insurance fines
When Gov. Gavin Newsom took office four years ago, the Democrats went after Republicans on the national stage as they sought to gut the Affordable Care Act. Key to his ambitious healthcare agenda: reinstating the fine on Californians who don’t have health coverage, which had been eliminated at the federal level.
It was a tough sell for a new governor, and Newsom needed strong allies among state Democratic leaders, who at the time, in 2019, voiced concern about essentially levying a new tax on Californians unable to afford the rising cost of healthcare. Democrats, who, then as now, controlled the…
Uninsured Rate Hits Record Low of 8.3%
WASHINGTON — The uninsured rate in the US has fallen to a record-low 8.3%, but that percentage is expected to gradually increase as insurance protections from the COVID-19 pandemic wind down, according to officials from the Congressional Budget Office (CBO) .
The temporary policies enacted in the wake of the COVID-19 pandemic “have contributed to a record low insurance rate in 2023 of 8.3% and record-high enrollment in both Medicaid and ACA [Affordable Care Act] marketplace coverage,” said Caroline Hanson, PhD, principal analyst at the CBO, during a briefing sponsored by Health Affairs. “As those temporary policies expire under current…
Aviva added more than 100,000 private health insurance customers in a year as the NHS struggled
Insurance firm Aviva has reported a 25% increase in the number of new health insurance policies taken out in the first three months of this year – as the NHS lists were lengthened and staff went on strike.
The Aviva boss was explicit in linking the rise in new policies to failings in the public health service.
The increase is “a consequence of what we’re seeing in the NHS and customers basically say that if they can take control over their health situation then they will,” chief executive Amanda Blanc said.
More individuals and companies are “attracted to the benefits…