State Issues New Insurance Coverage Guidelines for Opioids
You’ve likely heard in the news that an opioid epidemic is currently sweeping the nation and the state of Connecticut is no exception. In an effort to combat addiction, state Insurance Commissioner Katharine L. Wade issued a statement that insurance companies must cover FDA-approved opioid abuse deterrent drugs such as naloxone, if medically necessary. Wade’s…
The Long Term Care Decision Journey
In the United States today, the need for long term care is greater than ever. Not only are people generally living longer, but many members of the baby boomer generation are quickly approaching the age of 60. As a result, our country’s elderly population will increase substantially in the years to come. As people age…
Health Insurance Costs Rose 5% Over Past Year
According to recent inflation data from the Labor Department, health insurance costs increased by nearly five percent over the past 12 months. The February 19th report indicated that insurers have significantly increased their premiums – sometimes as much as 30 percent on a state level – and bumped up copays. In total, health insurance costs…
CT Insurance Exchange Plans to Be Strict With Enrollment Exceptions
Access Health CT’s enrollment period has come to a close. Individuals participating in the health insurance exchange were advised to select a policy by January 31st. Yet, Connecticut, like many states, makes exceptions for certain instances. But, according to a piece in the CT Mirror, the amount of exceptions is financially straining insurance companies. In…
What is the Cadillac Tax, and What Does It Mean for Your Health Insurance?
You might have heard about the “Cadillac Tax” in the news recently. Policymakers added this aspect, part of the Affordable Care Act (ACA) that goes into effect in the future, to essentially tax coverage that goes above the average limits. However, as healthcare premiums rise, the tax will affect many more individuals. What is It?…
