Private Insurance

Overview of Private Insurance

The financial services industry consists of thousands of financial products and services to the public. Financial institutions include commercial banks, savings and loan institutions, credit unions, life and health insurers, property and casualty insurers, mutual funds, securities brokers and dealers, private and state pension funds, various government related financial institutions, finance companies, and other financial …

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Health Insurance Premium Tax Credits

The new law provides premium credits to eligible individual’s that will make the coverage more affordable. Eligibility for the subsides is limited to U.S citizens and legal immigrants who meet the income limits. Employees who have access to health insurance through an employer’s plan are not eligible for the subsides unless the employer’s plan does …

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Health Insurance Reforms Full Details

The new law contains numerous provisions that prohibit insurers from engaging in certain harmful practices detrimental to insurance consumers discussed earlier. Important provisions that apply to health insurers include the following; Retention of coverage until age 26. Insurers must allow young adults to remain on their parents policies until age 26. This provision is now …

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Health Care Problems in The United States

The United States overall provides high quality health care, to the population. However, despite major breakthroughs in medicine, experts believe the present health care delivery system is broken and must be reformed. Major problems that lead to enactment of the Patient Protection and Affordable Care Act in March 2010 include the following: Rising health care …

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