by Admin | Dec 31, 2008 | Insurance News , Uncategorized
Estimated at costing $54 billion annually, health care fraud increases health care costs for insurance companies, which get passed on to policyholders in higher premiums. Some recent patterns of health care fraud include: Billing for “free” screenings and services not...by Admin | Dec 24, 2008 | Insurance News , Uncategorized
All Blue Cross Blue Shield of Illinois Medicare Prescription Drug Plan (PDP) members will have access to the Blue Extras program effective January 1, 2009. Blue Extras is a value-added benefits program that offers discounts on health and wellness products and...by Admin | Dec 15, 2008 | Flexible Spending Accounts , Insurance News , Uncategorized
On January 1, 2008, the IRS introduced new regulations for debit cards specifically used to reimburse eligible healthcare expenses for Flexible Spending Accounts (FSAs). The Internal Revenue Service mandated that Flexible Spending Account (FSA) debit cards may not be...by Admin | Dec 11, 2008 | Insurance News , Uncategorized
The rising rate of unemployment has contributed to an increase in the number of uninsured people because workers who lose their jobs often lose their health benefits, the New York Times reports. According to the Bureau of Labor Statistics, about 10.3 million U.S....by Admin | Nov 15, 2008 | Insurance News , Uncategorized
As part of the economic stabilization package (H.R. 1424), Congress passed mental health parity legislation which was signed into law on October 3, 2008, by President Bush as Public Law No: 110-343. This new law amends the Employee Retirement Income Security Act...by Admin | Jul 31, 2008 | Insurance News , Uncategorized
The Treasury Department and Internal Revenue Service recently released 2009 guidelines for maximum contribution levels for Health Savings Accounts (HSAs) and out-of-pocket spending limits for high deductible health plans (HDHPs) that must be used in conjunction with...