Health Insurance Statistics And Facts – Forbes Advisor

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Health insurance is a vital part of financial planning that helps pay for your healthcare. This can include doctor and hospital bills, annual doctor visits, specialist visits, prescription drugs, mental health services, dental care, […]

15 mins read

It’s the largest private health insurance hike in 5 years. Here’s how to reduce your premium

Key Points Health Minister Mark Butler announced the annual private health insurance premium increase last month. He said the average premium rise is still less than annual wage and inflation increases. Private health provider NIB has defended hikes above the federal figure, citing the increased costs. Private health insurance premiums are set to rise for […]

5 mins read

health insurance claim settlement: New health insurance rule in 2024: CIS will show claim settlement time, other key policy details from January 1

To make it easier for policyholders to understand critical aspects of their health insurance policies, insurance companies have been asked to provide revised customer information sheets (CIS) highlighting all key policy details in simple terms. From type of policy to coverage details to waiting period to limits and sub-limits to exclusions to free-look period to […]

4 mins read

HHS Finalizes Policies to Make Marketplace Coverage More Accessible and Expand Essential Health Benefits

Today, the Biden-Harris Administration, through the US Department of Health and Human Services (HHS)’s Centers for Medicare & Medicaid Services (CMS), announced policies for the Affordable Care Act Marketplaces that make it easier for low-income people to enroll in coverage, provides states the ability to increase access to routine adult dental services, and sets network […]

4 mins read