Walmart Inc said on Tuesday it would sell Medicare insurance plans in 50 states and Washington D.C. through its broker, marking the U.S. retailer’s latest move into the healthcare space. Walmart Insurance Services LLC, which was launched in July, will offer policies from health insurers such as Humana Inc, UnitedHealth Group and Anthem Blue Cross… Continue reading Walmart to Sell Medicare Plans in Latest Healthcare Push
Tag: health insurance
Some Workers Face Looming Cutoffs in Health Insurance
Jeremy Fritz stopped working as an assistant manager for a fitness center in Carlsbad, Calif., during the pandemic lockdown in the spring when gyms were first closed. By the end of April, the company operating the fitness center, Active Wellness, eliminated his health insurance. And in July, he was laid off when it became clear… Continue reading Some Workers Face Looming Cutoffs in Health Insurance
For Many Pandemic Victims, Lingering Effects Stress Insurance Coverage
The new coronavirus that infected Tricia Sales in March still plagues her. The horse trainer and onetime cocktail server deals with dizziness and nausea. At times, she can’t feel her hands and feet. Her five-month struggle has meant specialists, drugs, a spinal tap, imaging scans and 15 hospital visits. The uninsured single mother said she… Continue reading For Many Pandemic Victims, Lingering Effects Stress Insurance Coverage
Less than Half of Furloughed Workers Have Returned to a Job During the Pandemic
Tens of millions of Americans have lost their jobs in the course of the COVID-19 outbreak, so much so that the U.S. unemployment rate has been in double digit territory since April. But not everyone on unemployment has completely lost a job. Some employees are currently furloughed – not working at present and not getting… Continue reading Less than Half of Furloughed Workers Have Returned to a Job During the Pandemic
New COBRA Rule Provides Laid-Off Workers with More Time to Get Coverage
People who have been laid off or furloughed from their jobs now have significantly more time to decide whether to hang on to their employer-sponsored health insurance, according to a recent federal rule. Under the federal law known as COBRA, people who lose their job-based coverage because of a layoff or a reduction in their… Continue reading New COBRA Rule Provides Laid-Off Workers with More Time to Get Coverage
Aon Launches New Pooled Employer Plan for Retirement Savings
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, today announced the launch of its new Pooled Employer Plan (PEP). Voya Financial, one of the leading retirement plan providers in the U.S., will serve as the recordkeeper for the new plan, which will be available Jan.… Continue reading Aon Launches New Pooled Employer Plan for Retirement Savings
COVID-19 Crisis Could Cost the Insurance Industry $107 Billion
Can small businesses count on insurance checks to replenish their coffers after Covid lockdowns? In most cases, probably not. Business-interruption insurance is typically part of a property policy and requires premises to sustain physical damage before a claim can be made. Since shutdowns have rarely damaged stores or factories, it has proven hard to make… Continue reading COVID-19 Crisis Could Cost the Insurance Industry $107 Billion
U.S. Life, Health Insurers See Most Risk Amid Coronavirus Fallout: Fitch
North American insurers face key vulnerabilities and potentially unforeseen downside risks amid the fallout from the coronavirus pandemic, including outsized investment exposure with market volatility exacerbating potential issuer defaults, increased mortality risk and elevated claims, Fitch Ratings says Fitch revised the life and health insurance sector rating outlooks to negative from stable amid the coronavirus… Continue reading U.S. Life, Health Insurers See Most Risk Amid Coronavirus Fallout: Fitch
Up to 43 Million Could Lose Employer-Sponsored Health Insurance
As unemployment soars, an estimated 25 million to 43 million people will lose their employer-sponsored health insurance coverage in the coming months, according to a new study. Before the COVID-19 pandemic, about 160 million people nationwide under the age of 65 got their health insurance through their jobs. Between March 15 and April 25, 30… Continue reading Up to 43 Million Could Lose Employer-Sponsored Health Insurance
Benefitfocus Launches Platform to Provide Lower Cost Health & Benefit Options for Displaced American Workers
Benefitfocus, Inc., a technology platform provider enabling rapid innovation for employers, health plans and consumers, has activated the next phase of its recently announced “For You” initiative to support employees of customers who have lost their job in these challenging economic conditions. Today the company launched www.benefitplace.com, a new website that makes accessible a variety… Continue reading Benefitfocus Launches Platform to Provide Lower Cost Health & Benefit Options for Displaced American Workers