A & A Insurance Services, Inc.

12/12/2016

Employers divided on response to rising health costs

Only 19 percent of employers say they will likely change their plan offerings in the next two years.

12/09/2016

Have a great weekend!
Kindness is the language which the deaf can hear and the blind can see. Mark Twain

12/08/2016

Health insurers willing to give up a key ACA provision

This week, health insurers said they'd be willing to accept a replacement of the individual mandate provision of the Affordable Care Act.

12/07/2016

The Problem With One-Size-Fits-All Health Insurance

Rich and poor mostly must buy the same sort of plan, even though income affects how much health care you might be willing to pay for.

12/06/2016

What Do They Mean By “Medical Loss Ratio (MLR)”?
A basic financial measurement used in the Affordable Care Act to encourage health plans to provide value to enrollees. If an insurer uses 80 cents out of every premium dollar to pay its customers' medical claims and activities that improve the quality of care, the company has a medical loss ratio of 80%. A medical loss ratio of 80% indicates that the insurer is using the remaining 20 cents of each premium dollar to pay overhead expenses, such as marketing, profits, salaries, administrative costs, and agent commissions. The Affordable Care Act sets minimum medical loss ratios for different markets, as do some state laws.

12/02/2016

Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning. -Albert Einstein

12/01/2016

COBRA 101:
A federal law that may allow you to temporarily keep health coverage after your employment ends, you lose coverage as a dependent of the covered employee, or another qualifying event. If you elect COBRA (Consolidated Omnibus Budget Reconciliation Act) coverage, you pay 100% of the premiums, including the share the employer used to pay, plus a small administrative fee.

11/30/2016

Judge, ruling against feds, won't freeze health insurer's ACA suit

A judge refused a DOJ request to pause Moda Health Plan's lawsuit seeking $208 million in Affordable Care Act risk-corridor payments.

11/29/2016

What is a Return of Premium Life Insurance Plan?
A return of premium life insurance policy (ROP) is essentially a term life insurance with one important difference: you get all the premium money you spend on your term life insurance policy paid back to you at the end of the term. And, best of all, the premium money refunded to you is not taxable.

11/28/2016

From wellness to workflow: High-tech disrupts health care

Venture capital firms in 2015 invested $4.5 billion in digital health companies. Chief among them: developers of personal health tools.