For millions of Americans who get medical care under Medicaid, the end of March marks a grim deadline. Starting April 1, states will begin removing people from the government health insurance program for the poor, paring rolls that have swelled during the pandemic.
The government estimates that 15 million people — or roughly 1 in 6 of the 84 million on Medicaid — will be kicked off the program. Here’s why this is happening and what people should know.
What’s happening to Medicaid?
During the pandemic, the government suspended procedures that would remove people from Medicaid. Before the crisis, people…
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Do I need travel insurance when traveling within Canada?
While the majority of Canadians recognize the significance of obtaining travel coverage such as cancellation and medical insurance for trips outside the country, many fail to acknowledge the need for medical insurance when traveling within Canada.
In certain circumstances, failing to purchase medical insurance for domestic travel could come with consequences.
The Travel Industry Council of Ontario (TICO) recommends that travelers consider purchasing travel protection. Here’s why.
Not All Medical Expenses Are Covered By OHIP
I’m sure if you asked, most Canadians assume that their provincial health coverage, such as OHIP for Ontarians, will cover any unexpected medical costs that…
Do I Need an Emergency List?
We frequently have questions related to the practical and financial panic after a death in the family when accounts, passwords, and assets are unknown. Sometimes, a family knows an estate plan was done but they cannot find the plan and don’t even know the law firm that drafted the plan. An emergency list can help to avoid these issues.
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We often see people lose their spouse, and have no idea how…
The “Unwinding” of Medicaid Coverage Will Be Difficult for Disabled Americans, Leave More People Uninsured
Many Americans are confused about what Medicaid actually is. In brief: Medicaid provides health insurance coverage to low-income adults, pregnant people, and children. Roughly 60% of people on Medicaid and CHIP, a program that extends Medicaid coverage for low-income children, are 26 years old or under. Medicaid is also the largest payer of long-term services and supports, another reason it is critical to millions of people.
I’ve been on Medicaid since I turned 18. It has been a lifeline because it provides personal-care services that allow me to live in the larger community rather than in a private facility. For…
More than 500,000 Texans have lost Medicaid coverage as the state re-evaluates those enrolled
More than 500,000 Texans have lost their Medicaid health insurance after more than three years of continuous coverage during the COVID-19 pandemic, according to data from the state’s health and human services commission.
Those affected are mostly children, young adults and new moms who had a child in the last three years. The Texans who lost their health insurance had coverage until the end of May or June, depending on when their case was processed, a spokesperson for the commission said.
In March 2020, in the first few weeks of the coronavirus pandemic, the federal government instituted a new rule,…
Preferential policies introduced for more insurance products
China has extended coverage of individual income tax preferential policies to more major commercial health insurance products such as medical insurance, long-term care insurance and disease insurance, the National Financial Regulatory Administration announced on Thursday.
According to a circular issued by the administration, the authorities will no longer design standardized clauses for such insurance products so they will fully consider consumers’ needs to improve flexibility.
Set insurance requirements will only be applicable to people who have pre-existing health conditions, and the design of the rest of the insurance clauses will be decided by market players.
In view of insufficient insurance…
Biden to crack down on ‘junk’ health insurance
President Joe Biden is also slated to give a speech Friday touting his health care agenda, during which a White House official said he plans to “announce major actions to lower health care costs and crack down on junk fees.”
The White House declined to comment, and the Democrats with knowledge of the matter cautioned that the timing of the rollout could still change.
But the White House’s budget office signed off on the proposed rule last week, according to a regulatory review notice posted to its website, a signal that the regulations had cleared the final internal hurdles. The…
12 Easy Ways to Save Money This Year (Without Sacrificing Your Morning Coffee Run)
Expert Tips to Save You Money This YearJ Studios
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The past year has been a rough one, y’all. If you feel like you’ve been struggling to stay afloat financially, you’re not alone.
It seems as if everywhere we look, costs are rising. A recent report from the US Bureau of Labor Statistics showed that the prices of food, housing, health insurance and other services increased by more than 6% in 2022. Harsh.
It doesn’t help that some financial experts believe these price hikes aren’t so…