April 15, 2021

health

Health insurance premium rebates could be larger due to COVID-19

Because so many medical procedures were canceled in 2020, a provision in the Affordable Care Act could mean higher insurance premium rebates.

U.S. health insurance customers may receive higher premium rebates than normal later this year partly because insurers had less care to cover after COVID-19 arrived in 2020.

Some individual insurance customers could receive premium credits or rebates of nearly $300 on average, according to an analysis of government data from the non-profit Kaiser Family Foundation.

The Affordable Care Act requires insurers to give customers refunds or premium credits if they don’t spend certain percentages of the premiums they

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WATCH NOW: ‘Is this right?’ New federal law drives down health insurance costs in marketplace | Govt. and Politics

Last week, Torres-Barrera called “out of the blue” and suggested that LeBlanc resubmit her application to the marketplace. The result? Her monthly premium fell from $339 to $209 a month, a monthly savings of $120.

“I feel for people who don’t have support,” she said.

The Kaiser Family Foundation estimates that the new law will expand health coverage to 3.7 million uninsured Americans, an increase of 20%. The estimated average savings range from $33 a month for someone who earns less than 150% of the poverty level ($19,320 for an individual), to $213 a month for someone with an income

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Google is making another attempt at personal health records

Google is recruiting people to give feedback for a new consumer-facing medical records tool, Stat News reported on Friday. The company wants to know how people want to interact with information pulled from their medical records.

Right now, the company is recruiting around 300 people who use Android devices in Northern California, Atlanta, and Chicago.

This is Google’s second attempt at creating a way for people to access their medical records. In 2008, it launched Google Health, which aimed to give people a way to see their health information online. It didn’t take off, and Google shut it down

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Berkshire Hathaway Specialty Insurance Names Idie Si as Head of Accident & Health Insurance, Asia

Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has appointed Idie Si as Head of Accident & Health (A&H) Insurance for the region.

“We are pleased to welcome Idie to BHSI. Her in-depth knowledge, vast expertise and leadership skills will be a great asset to us as we continue to develop our A&H offerings and expand the portfolio throughout the region,” said Marc Breuil, Head of Asia Middle East, BHSI. “Idie’s appointment reinforces our commitment to the A&H space across the region, where we see tremendous opportunities to further serve our brokers and customers.”

Idie comes to BHSI with

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Not just $1,400 checks: 5 new health care, FSA, insurance and COBRA savings in the stimulus law

With the new stimulus bill, you may be able to save money on health insurance plans this year.


Sarah Tew/CNET

You’re probably familiar with the $1.9 trillion stimulus law that includes a third stimulus check for up to $1,400 per person, a child tax credit for up to $3,600 per kid (how to calculate your child credit total) and several other tax breaks for people who are unemployed, low-income or have kids. But the American Rescue Plan Act also contains important updates and tax breaks for medical care and health insurance that could benefit your family. 

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More than $1,400 stimulus checks: New health care, FSA, insurance and COBRA savings

With the new stimulus bill, you may be able to save money on health insurance plans this year.


Sarah Tew/CNET

The latest stimulus law includes benefits for millions of Americans, including a third stimulus check for up to $1,400 per person, an expanded child tax credit (how to calculate your CTC total) and several other tax breaks for people who are unemployed, low-income or have kids. But the bill, along with some other IRS changes this year, also contains important updates and tax breaks for medical care and health insurance that could benefit your family. 

Those

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