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…
health insurance companies
New contract remains elusive for Buffalo Schools, union
Buffalo Schools leaders and the Buffalo Teachers Federation have been at an impasse since 2019. The two sides met six times in the last month, hoping to have a new contract to announce at Wednesday’s board meeting.
Despite the effort – which included back-to-back meetings earlier this week – there was no resolution.
Two topics block the path to agreement: retiree health insurance and the length of the school year. The former was a particularly thorny issue, discussed for more than an hour Wednesday at the school board meeting at School 3 on the D’Youville-Porter campus.
With their focus narrowed,…
The Biden administration is asking employers to give more help to workers who are losing Medicaid
(AP) – The Biden administration on Thursday asked employers to give workers who lose Medicaid coverage more time to sign up for health insurance through their jobs.
Medicaid is the state- and federally funded program that covers health care costs for people with low incomes. States have resumed checks for Medicaid eligibility this year after pausing the practice during the COVID-19 pandemic.
Federal officials have estimated that about 3.8 million people who lose Medicaid coverage may qualify for health insurance through their employers, which is how most people in the US get coverage.
Employers typically give people 60 days to…
Judge temporarily blocks Major Adams from switching NYC retires to Medicare Advantage
A trial court judge has temporarily blocked Major Adams from switching retired city workers to a cost-cutting Medicare Advantage Plan.
Manhattan Supreme Court Judge Lyle Frank granted a temporary restraining order Thursday that, until he issues a final ruling, prevents roughly 250,000 city retirees and their dependents from losing their current health insurance.
The retirees who brought the lawsuit “have shown that numerous promises were made by the City to then New York City employees and future retirees” about their coverage, according to court documents.
The court found a likelihood of it ultimately ruling in their favour, and that any…
Japan aims to fix medical fee errors linked to My Number by August
The health ministry said Thursday that it would take measures to resolve the issue of My Number card holders being overcharged for medical expenses by August.
System errors over the use of My Number cards as health insurance certificates have caused many patients to have to pay the full amount of medical costs out of their own pocket instead of the regular amount — basically set at 30% for those between ages 6 and 70 .
The ministry presented its plan to resolve the issue at the first meeting of a new task force that day.
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Pickleball is bad news for health insurance stocks, UBS says
A sport that is making many older Americans more active could be backfiring for health insurance companies, according to UBS. Pickleball is a tennis-adjacent sport that has exploded in popularity since the Covid-19 pandemic, attracting millions of new players and celebrity investors. But UBS analyst Andrew Mok said in a note to clients Monday that the sport’s growth and popularity among seniors could contribute to rising health-care spending. “After analyzing the growth in pickleball as well as the nature and frequency of related injuries, we conducted a bottom-up analysis of medical costs. In total, we estimate $250-500 mn of medical…
IMG Partners with MAGNUS Search & Rescue to Offer Travel Medical Insurance
INDIANAPOLIS, June 29, 2023 /CNW/ — International Medical Group® (IMG®), an award-winning global insurance benefits and assistance services company, has announced a new partnership with MAGNUS International Search & Rescue, a comprehensive emergency management and global on-ground search and rescue service provider based in Israel.
With more than 30 years of experience serving global travelers, MAGNUS will now offer IMG travel medical insurance plans to travelers, exchange students, and global citizens along with a MAGNUS search and rescue membership. IMG insurance plans will allow MAGNUS customers to have proper medical coverage in the event of an illness or injury while…
Base Salary Increases, Social and Health Insurance Caps to Rise
While changes to the base salary (not to be confused with the minimum wage) generally only impact government workers, there are some changes to social and health insurance payments that foreign firms should be aware of.
What’s changed?
On November 11, 2022, the National Assembly approved a resolution to increase the base salary from July 1, 2023. This would see the base salary of government employees increase from VND 1,490,000 (US$63.25) to VND 1,800,000 (US$76.41) per month. This salary represents a 20.8 percent increase over the current base salary.
This was codified in Decree No. 24/2023/ND-CP dated May 14, 2023.…