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…
health insurance companies
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.
Unable to view this…
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.…
Congress acts to stop the flood of forms mailed to millions
Rep. Jimmy Panetta, D-Paso Robles, in a 2021 file photo. He is sponsoring the Paperwork Reduction Act, intended to stop unnecessary federal health insurance mailings to millions of people.
Washington
Tired of getting some form in the mail from Washington about health insurance and wonder what it is?
[–The “Paperwork Burden Reduction Act” is aimed at stopping unnecessary mailings, which now go to an estimated 154 million people.
[–The measure, passed easily by the House, would make the health care form available only to those who request it. The Senate will now consider the legislation.
[–Not only…
Town of Massena retirees happy with new health insurance plan
Jun. 24—MASSENA — Town of Massena retirees say they’re happy with a new health insurance plan that will kick in on Jan. 1.
Zachary Zuckerman, a group benefits consultant at USI Insurance Services in Syracuse, outlined the new plan for the Massena Town Board, with several retirees in attendance. Among them were some who had served on a town committee that examined potential retirement health insurance plans.
Mr. Zuckerman said he was no stranger to Massena, having worked with village officials as well as current Deputy Town Supervisor Patrick M. Facteau when he was the chief financial officer for the…
Criticism continues against Gov. Pritzker’s move closing health care enrollment for immigrants
Backlash continued to rain down on Gov. JB Pritzker Wednesday following his decision last week to close enrollment for a state-funded health insurance program for immigrants under 65 as other Illinois officials highlighted that a bill is sitting on the governor’s desk that would allow the state to issue regular driver’s licenses for noncitizens.
Though not connected, the two issues took center stage as Pritzker continued to push back against criticism from Latino lawmakers and immigrant advocates that his administration’s decision on the health insurance program was “immoral and fiscally shortsighted.” Pritzker has defended the move because program costs are…