Tag: how many employees do you need to qualify for group health insurance?

Climate-related Risks and Opportunities for Private Health Insurance | News and Insights – Finity Consulting | Actuarial and Insurance Consultants

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Climate policy is changing the regulatory environment for everyone, including Australian Private Health Insurance (PHI) funds. The upcoming mandatory requirements in Australia from FY25 onwards have prompted disclosing entities to start developing climate-related scenarios to test their climate resilience and identify risks and opportunities (see exposure draft for Australian Sustainability Reporting Standards). APRA previously urged companies, including PHI funds, to integrate climate-related risks into their comprehensive risk management frameworks (CPG229 Climate Change Financial Risks). According to the exposure draft, entities will need to disclose material information about the climate-related risks and opportunities that could reasonably be expected to affect the…Continue Reading

New India Assurance: New India plans annual hikes for health insurance premiums

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Mumbai: New India Assurance, having surged 50% in the past five trading sessions, has opted for an annual revision of health insurance premiums, moving away from the previous practice of increasing tariffs every three years. Shares of New India Assurance gained 10% in Thursday’s session to Rs 255.85 on the Bombay Stock Exchange, when the index rose 0.13%. After a 25-30% increase in retail health insurance premiums in June, the first in six years, the company, initially slated for revisions in 2020 after a three-year gap, deferred its decision due to the pandemic. Neerja Kapur, chairman and managing director of…Continue Reading

North Jersey counseling center owner admits health care fraud

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Listen to this article This week in Newark federal court, Maria Cosentino, the owner of Bergen Alliance Counseling Services, admitted her role in a health care fraud scheme involving hundreds of false claims. Cosentino, 60, of Garfield, owned the center. The business provided counseling services and mental health treatment to children, families, couples and adults. Prosecutors from the US Attorney for the District of New Jersey’s office had charged Cosentino with participating in a health care fraud scheme. She pleaded guilty to the charges March 19 before US District Judge Katharine Hayden. “She admitted that for years she submitted false…Continue Reading

Medicaid expansion … comparing House, Senate proposals | Free News

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In February, the Mississippi House of Representatives voted for full Medicaid expansion under the Affordable Care Act (commonly referred to as “Obamacare”). That plan went over like a lead balloon with Republican senators, who developed their own Medicaid expansion plan, one which stopped short of full expansion. Proponents of Medicaid expansion in Mississippi have asserted two primary goals: • Providing health insurance for “the working poor” who do not currently have access; and • Addressing uncompensated care for hospitals. The Senate’s plan is more narrowly tailored to the stated goals of proponents. (It should be noted that the stated goals…Continue Reading