Friday Health Plans started in Colorado in 2015 with hopes of revolutionizing the health insurance market. Nearly a decade later, the company has imploded, leaving tens of thousands of people scrambling to find new health insurance in Colorado and beyond.
State regulators in Colorado are moving to “liquidate” the company, meaning its assets will be divided up and the business closed. As a result, all of Friday Health’s plans in Colorado will end on Aug. 31 — affecting roughly 30,000 customers here.
The company was already set to close, seeming to collapse after an over-aggressive expansion. But state regulators decided…
health insurance market
Exclusion of migrant farm workers from public health insurance puts Nova Scotia agriculture at risk, advocates say
Isabel InclanSpecial to Saltwire Network
Amidst the worsening labor crunch in Nova Scotia’s agriculture sector, the government’s exclusion of many migrant workers from public health insurance potentially puts more than 1,600 farm workers and the agri-food supply at risk, advocates warn.
Migrant advocates say that the provincial government’s “deliberate policy” excludes migrant workers from public health insurance, leaving them vulnerable.
Unlike provinces such as Ontario or Quebec, where migrants in the Seasonal Agricultural Workers Program are covered by public health upon arrival, farm workers in Nova Scotia must wait 12 months to be covered by the province’s Medical Services Insurance…
State worker health insurance premiums may see double-digit hikes. What CalPERS is considering
CalPERS health insurance policyholders will likely see their premiums grow by more than 11% on average next year, according to preliminary prices that the board of the nation’s largest pension will consider at its meeting next week in Monterey.
The California Public Employees’ Retirement System provides health insurance for more than 1.5 million people, including roughly 770,000 state and local public employees and retires and about 770,000 dependents.
The price hikes reflect the larger trend of medical inflation across the country. A combination of rising demand for non-COVID-related health services, high labor costs and a desire to recover pandemic-era losses…
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…
Terminating Your Physician Employment Agreement
Many of our physician clients are unaware of their termination rights prior to meeting with us.
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If you want to terminate your employment, the first thing you need to do is read your contract.
Most physician employment agreements have substantial termination provisions. You need to know what yours says regarding termination with and without cause, what notice is required, and what other provisions will be triggered by termination.
Many times, employment…
Biden to crack down on short-term health insurance plans, Politico reports
July 6 (Reuters) – US President Joe Biden’s administration on Friday is expected to propose a new regulation cracking down on short-term health insurance plans, Politico reported, citing five Democrats with knowledge of the matter.
Biden is due to deliver an announcement on healthcare cost savings on Friday. A White House official told Politico on Thursday that Biden plans to announce major actions to lower costs and crack down on junk fees.
The regulation will curtail a Trump-era expansion of skimpy health coverage, which critics said undermined the 2010 Affordable Care Act, also known as Obamacare, and its broad protections…
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…
Which Could Save Me More Cash?
SmartAsset: Dental savings plan vs. insurance: Pros and Cons
Health insurance doesn’t cover your teeth. Your teeth can cause pain, get infected and need treatment, just like any other part of the body. But when it comes to actually getting treatment the standard health insurance doesn’t cover it. Instead, you need specialized coverage to pay for a trip to the dentist’s office.
The specialized coverage comes in two main forms. The first is dental insurance. This is standard insurance that covers most of the cost of treatment in exchange for a monthly premium and co-payments. The second is a dental…