INDIA: Religare Health Insurance Launches 3 New Products

MUMBAI: Religare Health Insurance Co Ltd (RHICL) has launched three new products namely ‘Explore’ for international travel insurance, ‘Secure’ that offers personal accident coverage and ‘Enhance’, a deductible health insurance plan. 

“The three new products are aligned with our objective of providing comprehensive health insurance solutions that cater to the varied requirements of our customers,” Religare Health insurance MD and CEO Anuj Gulati said. 

Religare’s three new offerings –

  1. ‘Explore’ for international travel insurance,

  2. ‘Secure’ that offers personal accident coverage

  3. ‘Enhance’, a high deductible health insurance plan.

Anuj Gulati, MD & CEO, Religare Health insurance, said in a release, “The three new products are aligned with our objective of providing comprehensive health insurance solutions that cater to the varied requirements of our customers. We stay committed to introducing more innovative products and shall continue to deliver quality service through technology-enabled processes.”

Comparative Health Insurances in India

The launch of three new products now takes the number of retail offerings by Religare Health Insurance to five. The company already offers two health insurance products – Care, Comprehensive Health Insurance and Assure, Critical Illness Insurance with a Personal Accident Coverage.

Religare Health Insurance also offers customized group health insurance coverage that are tailor‐made to suit the individual needs of any organization/group. In addition to health insurance, the group cover comes with a bouquet of health & wellness top‐up features like health assessment clinics, health maintenance programs, and preferential access to wellness providers for insured employees and their families – all ideal platforms for intensive employer‐employee engagement.

With Religare Health Insurance’s operating philosophy being based on the principal tenet of ‘consumer‐centricity’, its customers rest assured will experience unmatched and seamless services when claiming on their insurance; and thus making their recovery ‘worry‐free’.

Religare Health Insurance operates out of 43 offices, servicing more than 2.4 million lives across 300+ locations including over 750 corporates, said the company in the release.

The shareholders of Religare Health Insurance comprise three strong entities – Religare Enterprises Limited, Union Bank of India and Corporation Bank.

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INDIA: Religare Health Insurance Launches 3 New Products

Government Regulation No. 45 of 2014 on Types and Tariffs of Non <b>…</b>

A calculator on top of tax return formsPrior to Regulation No. 45 of 2014, the types and tariffs of non-tax state revenue applicable to the Ministry of Law and Human Rights (hereinafter referred to as ‘Ministry’) were regulated in Government Regulation No. 38 of 2009. Regulation No. 45 of 2014 (hereinafter referred to as: ‘Regulation No. 45/2014’) was recently issued to adjust the tariffs for services provided by the Ministry.

Regulation  No. 45/2014 shall come into force thirty days from the date of its publication. The entire Non-Tax State Revenue applied to the Ministry shall be paid into the State Treasury as soon as possible.

Non-Tax State Revenues applicable to the Ministry include revenues of:

  1. Legal services

The tariffs are as stipulated in the attachment of the regulation. Under article 2 of Regulation No. 45/2014, two types of legal services are excluded. May be subject to the rate of IDR 0,00 are:

  • Information on corporate data in the list of corporate; and
  • Provision of information on fingerprints formulation and identification, as applied for government interest.
  1. Inherited Assets Services

The tariffs are as stipulated in the attachment of the regulation.

  1. Education and training

The tariffs are as stipulated in the attachment of the regulation.

  1. Immigration services

The tariffs are as stipulated in the attachment of the regulation. Exceptions to the Non-Tax State Revenue derived from the immigration services under article 4 of Regulation No. 45/2014 are:

  • Non-Tax State Revenue in the form of Travel Documents of Indonesia. The Non-Tax State Revenue may be subject to the rate of IDR 0,00.
  • Non-tax State Revenue in the form of visa or immigration permit. Rate of IDR 0.00 may be subject to:

o   Foreigners, in urgent situations;

o   Expatriates in an overseas cooperation program;

o   Foreign college students or students who receive scholarships from the Government of the Republic of Indonesia;

o   Foreigners in the context of implementing the principle of reciprocity; or

o   Foreign citizens being the representatives of foreign governments, international organizations or international non-governmental organizations in the context of humanitarian assistance in disaster areas in Indonesia.

  • Non-tax State Revenue in the form of charges. Rate of IDR 0.00 may be subject to foreigners who are:

o   mentally ill or insane and needed to be hospitalized;

o   in urgent situations;

o   located in Indonesia and incapable;

o   in Indonesia in the context of implementation of deportation;

o   in the process of law enforcement officers; or

o   serving court decision.

  1. Intellectual property rights

The tariffs are as stipulated in the attachment of the regulation.

  1. Hospital health care services

The tariffs are as stipulated in the attachment of the regulation. For those who use their rights as participants of the National health insurance, the rates of Regulation No. 45/2014 shall be of corresponding application. Article 5 of Regulation No. 45/2014 provides the possibility to charge a rate of IDR 0.00, 75%, 50%, or 25% of the rate of Non-Tax State Revenues, taken from hospital health care services, to particular communities.

  1. Collaborative activities with other parties in the context of developing the self-sufficiency of prisoners.

Tariffs for this are as stipulated in the cooperation contract.

Martine Kruitbos

This entry was posted on July 23, 2014, 5:19 am and is filed under Summary Regulation. You can follow any responses to this entry through RSS 2.0. You can leave a response, or trackback from your own site.

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Government Regulation No. 45 of 2014 on Types and Tariffs of Non <b>…</b>

Employment Changes in International Mobility for Entrepreneurs in Spain

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Categories: General, Labour and Employment Law

Among the modifications made with the approval of Act 14/2013, the Act examines the regulation of international mobility, which facilitates and expedites the authorisation of visas and residence permits for investors.

International Mobility

Changes in international mobility seek to enhance and facilitate the arrival of investment (capital) and talent (skilled professionals) to Spain by eliminating administrative obstacles and complications without neglecting compliance with security requirements.

Facilitating Entry and Stay

The Act governs certain cases in which, for reasons of economic interest, it is easier and more flexible to grant visas and residence permits to specific categories of foreign nationals. Neither the national status of employment nor certain sectors considered strategic by Government Ministries are important in this analysis.

  • Specifically, the Act regulates the entry and stay of foreign nationals in Spain who fall into the following categories:
  1. For stays not exceeding three months, foreign nationals must comply with the entry conditions established in the European Community (EC) Regulation 562/2006 (Schengen Borders Code). In the case of long-stay visas, foreign nationals must comply with the requirements of the EC Regulation 810/2009.
  2. Applicants for residence visas under EC Regulation 265/2010 must confirm with the relevant authority their compliance with the following requirements:
  •  Having sufficient economic funds for themselves and members of their family.  SANGRIA
  • Complying with security requirements: no time accrued in Spain in an unlawful immigration status; be over 18 years of age; no criminal record in Spain or in the countries where the foreign national has resided in the past five years; and the foreign national is not on an objectionable list of any country with which Spain has an agreement to this effect.
  • The Act expressly authorises expediting the procedure to a period of seven days for the Spanish Police Department to respond to inquiries from the Diplomatic and Consular Missions about the security risk that a foreign-national applicant may present to Spain. After seven days have passed, the result will be considered as favourable.
  • Having public or private health insurance with an insurer authorised to operate in Spain.
  • The Act expressly provides for family reunification for spouses and children under 18 years of age. The Act also allows for family reunification for children who are 18 years of age or older where these persons are objectively incapable, jointly and simultaneously or successively, of gaining permission to enter or, where appropriate, obtaining a visa.

General rules of procedure for granting permits

  • The Diplomatic Missions and Consular Offices will issue short-stay and residence visas for one, two, or multiple entries as long as the period of validity does not exceed five years. The Diplomatic Missions and Consular Offices will assess and notify foreign-national applicants within 10 business days.
  • The Unit for Large Companies and Strategic Groups will process the residence permits. The decision-making period is 20 working days. In the case no decision results, administrative silence protects the authorisation.
  • A foreign national may request the renewal of a residence permit for a period of two years.

Investors

This new figure aims at non-residents who opt to make a capital investment in Spain. Foreign-national applicants may apply for a residence permit, or, where appropriate, residence for investors.

  • These new options for investors include availability for legal persons not domiciled in a tax haven according to Spanish legislation. Other applicable cases include foreign nationals who own – either directly or indirectly – the majority of voting rights and have the power to appoint or remove most members of a board.
  • The investor’s visa is valid for one year and will constitute sufficient documentation to reside in Spain.
  • To obtain the visa, the Spanish Government requires an investment accredited with some of the following characteristics in Spain:
  1. Investment of two million Euros in Spanish public debt or in one million Euros of shares in Spanish companies or in bank deposits with Spanish financial institutions.
  2. The acquisition of one or more properties with a combined value of at least 500,000 Euros per applicant.
  3. Investment in a business project of general interest in which any of the following conditions exist: the creation of jobs; the socioeconomic impact on a foreign national’s geographical area; or a foreign national’s relevant contribution to scientific innovation or technology (accredited by a report from the Commercial Office in the Consulate).

Subject to compliance with certain requirements, foreign-national investors who wish to reside in Spain for more than a year may obtain a residence permit for investors with an initial duration of two years subject to another two-year renewal.

To seek residency based on investment, a foreign national must have a valid residency visa or one that has expired within no more than the last preceding 90 days. The foreign national must also have travelled to Spain at least once during the period in which he or she had authorisation to reside in Spain, and the foreign national must prove that he or she has retained the investment in an amount equal to or greater in value to the minimum requirement. Finally, the foreign-national investor must have fulfilled Spanish tax and social security obligations.

This article is not considered as legal advice.

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Employment Changes in International Mobility for Entrepreneurs in Spain

Travel Medical & <b>International Health Insurance</b> – Tips for Travel

Cigna Global International Insurance for Individuals & Families As we continue to grow as a Global Society, traveling and living outside the borders of your home country is just about as common as vacation travel.  Ex patriot health insurance was designed to cover those who do exactly that – live and work abroad.  It is no secret that the quality of health care varies dramatically around the world.  When you move to a new country it may be exciting but the level of care in your new country may be lacking and not to the standards of your home country.  In addition as foreign nationals you more than likely will not have access nor be entitled to any subsidized healthcare.  It is important to consider an expatriate health plan that will provide for your health care needs should the need arise.

 CIGNA Global International Health Plans… | Travel Medical & International Health Insurance Tips for Travel

The Cigna International Health Plans…

The starting point to design your Cigna Global International Health plans is to choose from one of three distinct Core Plan Designs.  Cigna Global offers three essential core plans – Silver, Gold and Platinum to choose from.  The Cigna core policies provide coverage for inpatient, day case surgery and accommodation costs.  In addition, essential cover for cancer and psychiatric care are provided for.  Gold and Platinum policies also offer coverage for routine maternity

Deductible options of $ 0, $ 375, $ 750, $ 1,500, $ 3,000, $ 7,500 & $ 10,000 Deductible options of $ 0, $ 150, $ 500, $ 1,000, $ 1,500 Cigna’s Customer Promise Cigna Global is no stranger to customer service.  For more than 30 years Cigna has delivered exceptional customer service to their global customers.  Cigna promises to deliver to each policy holder:

How to Create Your Plan…

Singapore, United Kingdom & Hong Kong Nationals Welcome… If your home country is Singapore, United Kingdom or Hong Kong and you are not an expat from your home country but you want to purchase Global Private Insurance you are in luck.  Cigna Global can write citizens of these three countries even though they are not travelers.  Take advantage of true Global Coverage and add a private International Health Insurance option to your country’s domestic insurance.

 CIGNA Global International Health Plans… | Travel Medical & International Health Insurance Tips for Travel

If you are a citizen of Singapore, the United Kingdom or Hong Kong you too can generate quotes from our links provided.  The application process can be done online or via the application file available above from the Application Image.  If you are a resident of any of these three countries and you have specific questions email us at “email protected“.

Complete The Application Process

When you have decided which plan options are the right ones and you are ready to apply for coverage you will need to complete the application and return it to us for completion. Please download and complete the Fillable PDF file. When completed you may return it to us by either emailing the application to us at “email protected” or you may mail it to us at the address below:

Application Processing Timothy Jennings P O Box 6374 Jackson, WY 83002-6374

If you have questions call us at (619) 435-6700.   Visit our website and shop other International Health Insurance plans.  We are here to help.

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Travel Medical & <b>International Health Insurance</b> – Tips for Travel

<b>Health Insurance</b> – <b>International</b> Coverage for Travelers Or Expats <b>…</b>

Health Insurance coverage needs to travel with those who travel about the country and even when traveling internationally. If the traveler is going to a country where government run health systems is in effect, then the basic health insurance policy will be enough to take care of any medical needs that might come up while traveling there. However, when traveling to countries where health care is privately run, it is a good idea to carry a personal insurance policy that opts for the widest range and best coverage possible.

Countries with government run health systems have equal options available for everyone whereas those countries with privatized health care have levels of care where the better the insurance or ability to pay, the better the quality of care. This is why is it optimal to have a comprehensive health care plan to carry internationally in case of any as illness or injury where medical treatment is necessary.

International medical coverage can be obtained through most carriers and sometimes added to a person’s current health care coverage. When applying for international health insurance coverage, applicants who have recently been seriously ill or who have a chronic illness will likely be denied international coverage. If a woman wishes to give birth in a foreign country, international health insurance can be purchased that will cover maternity medical care needs, however the woman in question cannot be pregnant at the time of the insurance plan purchase. Sometimes there is also a waiting period involved before maternity related expenses will be covered by the international health insurance plan.

Traveling abroad with full comprehensive health insurance coverage is the best way to insure there are no obstacles to the traveler receiving the best possible care when in a foreign country. In countries where the health care is privatized and good insurance is had, the hospitals are much nicer and the health care staff will always speak English. This is the level of health care travelers should strive to have when enjoying international adventures. If one decides to live in a foreign country some of the time, the health care plan can accommodate that, just talk to the company and set it up for the times abroad and the times at the primary country of residence. All of this sounds complicated and while it does take some figuring out, quality coverage can go internationally with travelers.

If you need help locating this coverage, please feel free to visit our website at http://www.health-insurance-buyer.com and leave your contact information so we can respond to your request.

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<b>Health Insurance</b> – <b>International</b> Coverage for Travelers Or Expats <b>…</b>

Allianz wins &#39;Best <b>International</b> Private <b>Health Insurance</b> Provider&#39;

Allianz award

Allianz Worldwide has been crowned Best International Private Health Insurance Provider.

Allianz Worldwide Care has won the Best International Private Health Insurance Provider award at the annual Professional Adviser International Fund & Product Awards. Allianz Worldwide Care is one of the world’s leading international health insurance companies, employing over 800 staff in Dublin and abroad.

The Best International Private Health Insurance Provider award category is for private health groups which provide international health products, via brokers and advisors to expats.

The judging process takes into account the growth of business, product range and benefits, support to target markets, level of service, training, technology, recent product enhancements and involvement at industry level.

Deborah Benn, Chair of the Judging Panel commented, “Allianz Worldwide Care demonstrates a real sense of strategic clarity which particularly impressed the judges. Its expertise in corporate healthcare plans is evident and it is able to use the knowledge it has gained to ensure international health insurance plans remain fresh and relevant.”

Speaking about the award, Claude Daboul, Director of Sales, Marketing and Operations at Allianz Worldwide Care said, “It’s an honour for us to receive this award, which highlights the hard work and dedication of the entire global team. We strive to be at the forefront of the market in terms of service, product range, flexibility and innovation and it’s wonderful to have this validated by an independent panel of industry experts. ”

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Allianz wins &#39;Best <b>International</b> Private <b>Health Insurance</b> Provider&#39;

Expat <b>health insurance</b> top priority for half of businesses

expat worker insurance

Nearly half of companies say expat health insurance is essential for overseas workers.

According to research from Expacare, 47% of companies believe health insurance cover is an essential part of the benefits package for expat employees. The Anatomy of an international business research, which surveyed 1,000 employers, also found that 43% believe that share options are an essential part of the package.

More than a quarter (27%) of those polled said their staff had used a 24-hour medical helpline abroad, and 26% have had to make use of medical evacuation where facilities were not available locally. Nearly half (45%) think medical evacuation should be included as part of an international insurance package, with the same percentage calling for a 24-hour medical helpline.

Beverly Cook, managing director of Expacare, said, “It is pleasing to note that employers appear to have an increasing awareness when it comes to what to include in their benefits package for employees, with a 24-hour medical helpline and medical evacuation being seen as essential.

“This is just as well seeing as these are the two most likely benefits to have been used.”

In addition to health insurance and shares, nearly a third (29%) think a relocation allowance is important, while 15% named private school education for children as a priority.

Echoing a typical view, 16% of respondents still think travel insurance will cover employees on overseas assignments and 9% said, for employees working within the EU, there is no need for additional health insurance. Nearly a quarter (24%) said they would like to provide health insurance for staff, but cannot afford to do so.

“Health is clearly a concern for business leaders and, with the health provision being so good in the UK, it is important that employees are properly covered when overseas, said Cook.

“With more organisations than ever looking to increase their international presence, it is concerning that so many are still in the dark when it comes to adequate health provision. Far too many think that simple travel insurance or sending their employees to the EU will mean that they will be covered should the worst happen.

“Organisations moving overseas need to look after their most important asset, their staff, and check the small print on policies to ensure that their workforce remains healthy and productive.”

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Expat <b>health insurance</b> top priority for half of businesses

Expat <b>Health Insurance</b> News and Health Tips » Expat health <b>…</b>

expat worker insurance

Nearly half of companies say expat health insurance is essential for overseas workers.

According to research from Expacare, 47% of companies believe health insurance cover is an essential part of the benefits package for expat employees. The Anatomy of an international business research, which surveyed 1,000 employers, also found that 43% believe that share options are an essential part of the package.

More than a quarter (27%) of those polled said their staff had used a 24-hour medical helpline abroad, and 26% have had to make use of medical evacuation where facilities were not available locally. Nearly half (45%) think medical evacuation should be included as part of an international insurance package, with the same percentage calling for a 24-hour medical helpline.

Beverly Cook, managing director of Expacare, said, “It is pleasing to note that employers appear to have an increasing awareness when it comes to what to include in their benefits package for employees, with a 24-hour medical helpline and medical evacuation being seen as essential.

“This is just as well seeing as these are the two most likely benefits to have been used.”

In addition to health insurance and shares, nearly a third (29%) think a relocation allowance is important, while 15% named private school education for children as a priority.

Echoing a typical view, 16% of respondents still think travel insurance will cover employees on overseas assignments and 9% said, for employees working within the EU, there is no need for additional health insurance. Nearly a quarter (24%) said they would like to provide health insurance for staff, but cannot afford to do so.

“Health is clearly a concern for business leaders and, with the health provision being so good in the UK, it is important that employees are properly covered when overseas, said Cook.

“With more organisations than ever looking to increase their international presence, it is concerning that so many are still in the dark when it comes to adequate health provision. Far too many think that simple travel insurance or sending their employees to the EU will mean that they will be covered should the worst happen.

“Organisations moving overseas need to look after their most important asset, their staff, and check the small print on policies to ensure that their workforce remains healthy and productive.”

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Expat <b>Health Insurance</b> News and Health Tips » Expat health <b>…</b>

Expat <b>Health Insurance</b> News and Health Tips » 3-part expat <b>…</b>

world of expats

World of Expats has launched a 3-part expat health plan.

Whether you are moving abroad for work, to retire or to study, the overriding recommendation is to ensure you have sufficient private medical insurance. In certain destinations, Saudi Arabia, the Netherlands, Dubai, for example, health insurance is mandatory for expats. World of Expats has created a healthcare package for those moving abroad, including access to health insurance through brokers or direct from providers.

As more people are moving overseas for various reasons the challenges of accessing care abroad are highlighted. Language barriers, cultural differences, complicated systems, and below par standards are some of the obstacles expats face. All this is before you consider pre-existing conditions, whether your regular prescription will be available, or how to access your medical records while abroad.

“Ensuring that you and your family are healthy is clearly a major concern for any expat,” says Nigel Ayres, Founder and CEO of World of Expats. “Before moving to a new country, you should ensure that you have looked into what health care will be available privately or publicly – particularly if you have any specific health issues.”

World of Expats healthcare package brings together elements from three partners:

  • MED’PROFILE from Swiss MedBank – a secure international health passport which allows you to carry your medical history with you wherever you are. Through an app, the Internet, or via a credit-card sized device medical professionals can access your medical history even if you’re unconscious.
  • Expat prescription services – an international prescription concierge, ideal for expats. It offers access to high-quality, low-cost prescriptions drugs via an efficient delivery system to over 160 countries.
  • MDossier from HTH Worldwide – A report for travellers containing a list of recommended doctors, safety updates and medical resources for each destination on their itinerary.

“I truly believe that with all these tools at their disposal, expats will make better informed decisions about their move abroad,” added Ayres. “This means that, hopefully, they are well placed to make the most of the opportunities that a move abroad can offer.”

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Expat <b>Health Insurance</b> News and Health Tips » 3-part expat <b>…</b>

CIGNA Global <b>International Health</b> Plans… | Travel Medical <b>…</b>

Cigna Global International Insurance for Individuals & Families As we continue to grow as a Global Society, traveling and living outside the borders of your home country is just about as common as vacation travel.  Ex patriot health insurance was designed to cover those who do exactly that – live and work abroad.  It is no secret that the quality of health care varies dramatically around the world.  When you move to a new country it may be exciting but the level of care in your new country may be lacking and not to the standards of your home country.  In addition as foreign nationals you more than likely will not have access nor be entitled to any subsidized healthcare.  It is important to consider an expatriate health plan that will provide for your health care needs should the need arise.

 CIGNA Global International Health Plans… | Travel Medical & International Health Insurance

The Cigna International Health Plans…

The starting point to design your Cigna Global International Health plans is to choose from one of three distinct Core Plan Designs.  Cigna Global offers three essential core plans – Silver, Gold and Platinum to choose from.  The Cigna core policies provide coverage for inpatient, day case surgery and accommodation costs.  In addition, essential cover for cancer and psychiatric care are provided for.  Gold and Platinum policies also offer coverage for routine maternity

Deductible options of $ 0, $ 375, $ 750, $ 1,500, $ 3,000, $ 7,500 & $ 10,000 Deductible options of $ 0, $ 150, $ 500, $ 1,000, $ 1,500 Cigna’s Customer Promise Cigna Global is no stranger to customer service.  For more than 30 years Cigna has delivered exceptional customer service to their global customers.  Cigna promises to deliver to each policy holder:

How to Create Your Plan…

Singapore, United Kingdom & Hong Kong Nationals Welcome… If your home country is Singapore, United Kingdom or Hong Kong and you are not an expat from your home country but you want to purchase Global Private Insurance you are in luck.  Cigna Global can write citizens of these three countries even though they are not travelers.  Take advantage of true Global Coverage and add a private International Health Insurance option to your country’s domestic insurance.

 CIGNA Global International Health Plans… | Travel Medical & International Health Insurance

If you are a citizen of Singapore, the United Kingdom or Hong Kong you too can generate quotes from our links provided.  The application process can be done online or via the application file available above from the Application Image.  If you are a resident of any of these three countries and you have specific questions email us at “email protected“.

Complete The Application Process

When you have decided which plan options are the right ones and you are ready to apply for coverage you will need to complete the application and return it to us for completion. Please download and complete the Fillable PDF file. When completed you may return it to us by either emailing the application to us at “email protected” or you may mail it to us at the address below:

Application Processing Timothy Jennings P O Box 6374 Jackson, WY 83002-6374

If you have questions call us at (619) 435-6700.   Visit our website and shop other International Health Insurance plans.  We are here to help.

View original post here:
CIGNA Global <b>International Health</b> Plans… | Travel Medical <b>…</b>

<b>Health</b> Services | True Cost Of <b>Healthcare</b>

An average British national living in the United Kingdom and earning between US$782 and US$5,585 per month will contribute 11% of their monthly salary towards the UK’s National Insurance Fund, and consequently the National Health Service (NHS). If the individual in question earns more than US$5,585 per month, they will pay 1% extra to the National Insurance Fund for all wages over the Upper Earnings Limit (UEL); in this case US$5,585 per month. This means that for a British wage earner at the UEL, they would make a yearly National Insurance Contribution of approximately US$ 7,375, and with an average 45 year working career (age 20 – 65) would mean a total lifetime contribution of US$ 331, 893.

The average expatriate salary is less than US$ 100,000 annually, with almost 50% of the global expat population making less than this amount each year. A reasonably average wage for a modern expat living overseas would be US$ 77,000 per year. If the expatriate did not reside overseas but rather in the UK, and still earned that annual wage, they would have made a National Insurance Fund contribution of US$ 615 per month. This is equal to a yearly contribution of US$ 7,425, and a total lifetime payment of US$ 334,404. To put this in perspective, the total lifetime earnings of this person over their 45 year career would be US$ 3,465,000, which means that the individual in question would have paid almost 10% of their lifetime salary towards the Healthcare system in the United Kingdom.

BUPA, one of Britain’s foremost health insurance providers, has an average policy premium for a family of four set at US$ 3,000 annually. This means that the insurance industry in the UK will reasonably assume a person to need US$ 3,000 worth of medical treatment each year. If, rather than paying into a socialized healthcare system for the entirety of their working career, an individual had purchased a private medical insurance policy, in 45 years they would have spent approximately US$ 135,000 on premium payments. As the open market has established a reasonable yearly risk for healthcare costs (US$ 3,000) the question must then be asked why there is so much additional money being contributed to the NHS? The answer is that the remainder of the funds which an individual has contributed to the system is meant for use after the worker has retired.

A typical life expectancy in the UK would be around 80 years from birth. If the retirement age is 65 there will usually be a period of 15 years where the individual is receiving healthcare, but not contributing to the National Health Service. With a total lifetime contribution of US$ 334,404 and a historical medical expenditure of US$ 135,000 until the age of 65, it is then evident that the medical costs for a retiree will equal an approximate US$ 13,000 per year.

As this is the expected cost of healthcare for an individual over the age of 65, it would therefore follow that health insurance premiums at this age would be at a similar level; that is to say that medical insurance premiums for a person over the age of 65 will be no less than US$ 13,000 per year – as this is the amount of medical treatment that they will reasonably be expected to use annually. However, this annual expenditure is based on current figures, and does not take into account medical inflation or recent medical developments. New prescription medications which have been designed to combat illnesses like cancer are extremely expensive and may cost upwards of US$ 50,000 for a single year of treatment. As such, the estimated cost of healthcare for an individual over the age of 65, while being stable at US$ 13,000 per year presently, is highly likely to rise and could end up being significantly more in the next 10 years.

Expatriates residing overseas for lengthy periods will often enjoy significant financial benefits over having stayed in their home nation and may often not be aware of these long term healthcare costs. More importantly, living outside of their home nation will often mean that they have not contributed to their national insurance fund, or a scheme of a similar type. With the state of modern finances and the issues being faced by governments around the world trying to balance their books, the very serious proposition facing expatriates is with regards to the fact that they have not contributed to the social safety net and should they choose to return to their home nation after they retire, they run the very real risk of being excluded from the National Health system completely.

The simple fact is that as you age the cost of your healthcare increases, due to both medical inflation and the increased propensity that older individuals have towards developing a serious illness. The problem, however, is that many expatriates are unprepared for these inflated costs, often having had the luxury of living outside of these types of social healthcare systems

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<b>Health</b> Services | True Cost Of <b>Healthcare</b>

The Massive Gap Between What Young People Wanted From Health Care Reform and What They Got

Democrats need to realize that refuting some of the GOP’s more ridiculous claims is not going to magically make the law more popular.

One set of numbers about health care reform from the Reason-Rupe Millennials poll really stood out to me.

It found voters 18-29 overwhelmingly believe the government has the responsibility to guarantee every citizen has health insurance. The poll found 69 percent share this opinion, but only 51 percent have a favorable view of the Affordable Care Act. That is a massive 18 point gap.

A huge number of young people who were naturally inclined towards supporting the law to expand insurance coverage were turned off because of the specifics of the ACA. While it probably wasn’t possible to write a bill that would have made everyone in the 69 percent happy, Democrats did a terrible job winning over people who were already inclined to back their stated goals.

A very big part of the ACA’s continuing poor polling numbers is not some ideological opposition to government getting people insurance. It is deep seated disappointed that the law is needlessly complex, extremely wasteful, and has resulted in higher costs for some of these young people who supported Obama’s run. It was not what was promised.

Democrats need to realize that refuting some of the GOP’s more ridiculous claims is not going to magically make the law more popular. They need to address that it is simply a poorly designed program and people see that.

This also why we will probably never see an official Republican “replacement.” Most people don’t share the Republican party’s opposition to the idea of universal coverage, they just want it done in a less corrupt and stupid manner. An official Republican alternative would only highlight this very unpopular Republican stance and draw attention away from the ACA’s flaws.

Photo by SEIU International under Creative Commons License

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The Massive Gap Between What Young People Wanted From Health Care Reform and What They Got

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Allianz Worldwide Care receives Best International Private Health Insurance Provider award

Published on July 3, 2014 at 1:38 PM

Global health insurer, Allianz Worldwide Care, has won Best International Private Health Insurance Provider at the Professional Adviser International Fund & Product Awards 2014. Now in their 15th year, the Awards were established to honour cutting-edge financial services groups that offer products and services across international borders.

The Best International Private Health Insurance Provider award category is for private health groups that provide international health insurance, via advisers and brokers, to those living and working abroad. The robust judging process used to select a winner takes account of the growth of the business, product range and benefits, support to target markets, level of service, training, technology, recent product enhancements and involvement at industry level.

Deborah Benn, Chair of the Judging Panel commented, “Allianz Worldwide Care demonstrates a real sense of strategic clarity which particularly impressed the judges. Its expertise in corporate healthcare plans is evident and it is able to use the knowledge it has gained to ensure international health insurance plans remain fresh and relevant.”

Speaking about the award, Claude Daboul, Director of Sales, Marketing and Operations at Allianz Worldwide Care said, “It’s an honour for us to receive this award, which highlights the hard work and dedication of the entire global team. We strive to be at the forefront of the market in terms of service, product range, flexibility and innovation and it’s wonderful to have this validated by an independent panel of industry experts. “

More here:
Allianz Worldwide Care receives Best International Private Health Insurance Provider award

Employers still committed to <b>health benefits</b> – Business Management <b>…</b>

Despite persistent worries that the Affordable Care Act (ACA) will raise costs for employer-provided health insurance, less than 1% of companies responding to a new survey say they plan to stop offering coverage to their employees.

In fact, the International Foundation of Employee Benefit Plans found that employer resolve to continue providing health benefits to all full-time employees has increased since 2012. Then, only 46.2% of employers surveyed said they would definitely still be offering health benefits to all full-time employees in 2015. Now, 74% say they are committed to offering coverage next year.

That doesn’t mean employers aren’t concerned. Forty-one percent say they expect the ACA will wind up increasing their health insurance costs by 5% or more. Much of the burden will shift to employees.

“Employers are taking a variety of actions to mitigate costs and in most cases are sharing the cost impact with their workforce,” said Michael Wilson, the foundation’s CEO.

The survey, conducted in April, found that:

  • 32% of employers plan to increase employees’ out-of-pocket limits
  • 30% will raise employees’ share of premium costs
  • 30% plan to increase in-network deductibles
  • 24% will raise copays or coinsurance rates for primary care
  • 20% will ask employees to pay a higher proportion of dependent-coverage costs
  • 19% will increase participants’ share of prescription drug costs.

The survey found that few large employers have made broad workforce adjustments because of the ACA. However, some smaller employers have taken steps to keep staffing levels under the 50-employee threshold that will trigger the employer mandate starting Jan. 1, 2015:

  • 16% of small employers have trimmed the size of their workforces
  • 11% have reduced hours so fewer employees work full time
  • 10% have cut back on hiring in order to keep payrolls under 50 employees.

In addition, 11% have frozen or reduced pay raises and other compensation to help cover higher health insurance costs.

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Employers still committed to <b>health benefits</b> – Business Management <b>…</b>

Mental Health Parity and Addiction Equity Act | TerrillConnect …

Plans years beginning on or after October 3, 2009 must comply with the Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA) which requires group health plans and health insurance issuers to provide mental health or substance use disorder benefits on the same level as their medical or surgical benefits. This applies to private and public group health plans with over 50 employees. Self-insured plans must comply with MHPAEA.  The MHPAEA does not require a group health plan to provide any mental health or substance use disorders. It only requires equal treatment between medical/surgical and mental health/substance use disorder benefits if they are both offered under the plan.

Group health plans that are subject to the MHPAEA are subject to three main requirements.

  1. Annual and/or Lifetime Limits
    • This means that those group health plans that apply annual and/or lifetime dollar limits for medical/surgical benefits must apply those same or less restrictive dollar limits for mental health benefits and substance use disorder benefits in the same benefit classification.
  2. Parity as to Financial Requirements and Quantitative Treatment Limitations
    • Financial requirements (such as deductibles, co-payments, co-insurance and out-of-pocket maximums) and quantitative treatment limitations (such as the number of treatments, visits or days of coverage) must be the same or less restrictive for mental health or substance use disorder as for medical/surgical benefits in the same benefit classification.
  3. Parity as to Nonquantitative Treatment Limitations
    • Things such as medical management standards must also be treated equally or less restrictive for mental health or substance use disorder benefits as they are for medical/surgical benefits in the same benefit classification.

Measuring Plan Benefits

The rules established six classifications of benefits and the parity requirements are applied on a classification-by-classification basis.

  • Inpatient, in-network
  • Inpatient, out-of-network
  • Outpatient, in-network
  • Outpatient, out-of-network
  • Emergency care
  • Prescription drugs

Whether a benefit is a medical/surgical benefit or a mental health/substance use disorder benefit is determined by the generally recognized standards of current medical practice, such as the current version of the Diagnostic and Statistical Manual of Mental Disorders (DSM), the most current version of the International Classification of Diseases (ICD), or State guidelines.  These benefits also include benefits for items as well as services. Medical conditions, surgical procedures, mental health conditions and substance use disorders are to be defined under the terms of the plan or coverage and in accordance with applicable Federal and State law.

Mental health/substance use disorder treatment limitations must be “no more restrictive than the predominant treatment limitations applied to substantially all” medical/surgical benefits covered by the plan. This phrase has three tests in it:

  1. is the limitation applied to substantially all medical/surgical benefits;
  2. is it the predominant treatment limitation; and
  3. is it more restrictive in the mental health/substance use disorder benefit than in the medical/surgical benefit?
  • “Substantially all” means a treatment limitation that applies to at least ? of the benefits in a classification. If a treatment limitation does not apply to this limit, then the treatment limitation cannot be applied to mental health/substance use disorder benefits in that classification.
  • “Predominant” means the treatment limitation applies to at least ½ of the benefits in a classification. If a treatment limitation does not apply to this limit, then the treatment limitation cannot be applied to mental health/substance use disorder benefits in that classification.

Effective Date

Final regulations were issued in November 2013. They apply to group health plans for plan years beginning on or after July 1, 2014 (January 1, 2015 for calendar-year plans). Until then, plans must continue to comply with the interim final regulations, which have been in place for a few years already.

Exemptions

MHPAEA does not apply to small employers who have fewer than 51 employees and neither to individual and small group plans that are grandfathered.   However, States may have other laws on this matter and small employers must be aware of the Essential Health Benefits requirement (detailed later).

Missouri Regulations

In addition to the federal guidance, Missouri issued additional rules on mental health parity.

  • Depending on the mental health condition, residential treatment may or may not be covered.
    • Residential treatment of chemical dependency is covered by both individually underwritten and group health plans.
    • All other mental health conditions, if classified in the Diagnostic and Statistical Manual of Mental Disorders IV, would be covered as well.
  • If a plan chooses to place a limit on anti-depressants under their prescription coverage, they cannot place a greater financial burden on the insured than for access to treatment for a physical health condition.
  • Carriers for group health plans must provide coverage for medically necessary treatment of learning disabilities, developmental delays, and mental retardation and autistic disorders.
    • Insurance Carriers are able to determine what is “medically necessary.” MHPAEA requires insurance plans to make their medical necessity criteria available to current or potential participants. If denied, the health plan must inform participants why a claim has been denied, whether due to decisions about medical necessity or other reasons.
  • Self-funded plans, whether they fall under ERISA or not, are not subject to the Missouri regulations, however, they are subject to the MHPAEA.

Illinois Regulations

Illinois law requires employer groups of 51 or more employees to provide mental health or substance use benefits.

  • Illinois law requires insurance companies and HMOs that provide group coverage for hospital or medical benefits to offer coverage for the treatment of mental illnesses, other than “serious mental illnesses” to the group policyholder regardless of the group size. If the policyholder accepts, the policy must provide benefits for serious mental illnesses.
    • Serious mental illness is defined under Illinois criteria by the DSM as:
      • Schizophrenia;
      • Paranoid and other psychotic disorders;
      • Bipolar disorders (hypomanic, manic, depressive and mixed);
      • Major depressive disorders (single episode or recurrent);
      • Schizoaffective disorders (bipolar or depressive);
      • Pervasive developmental disorders;
      • Obsessive-compulsive disorders;
      • Depression in childhood and adolescence;
      • Panic disorder;
      • Post-traumatic stress disorders (acute, chronic, or with delayed onset); and
      • Anorexia Nervosa and Bulimia Nervosa
  • Individual insurance policies are not required by Illinois law to provide coverage to treat mental illnesses but HMO individual policies are required to provide the following benefits in accordance with state law.
    • 10 days inpatient mental health care per year. Care in a day hospital, residential non-hospital or intensive outpatient mode may be substituted on a two-to-one basis for inpatient hospital services as deemed appropriate by the primary care physician.
    • 20 individual outpatient mental health care visits per enrollee per year, as appropriate for evaluation, short-term treatment and crisis intervention services. Group outpatient mental health care visits may be substituted on a two-to-one basis for individual mental health care visits as deemed appropriate by the primary care physician.

Coverage for serious mental illness in Illinois requires parity with respect to financial requirements such as dollar limits, deductibles and coinsurance requirements. Subject to medical necessity determination, in each calendar year, coverage for these benefits cannot be less than;

  • 45 days of inpatient treatment,
  • 60 visits for outpatient treatment, and
  • 20 additional outpatient visits for speech therapy for treatment of pervasive developmental disorders.

 Affordable Care Act Interactions

  • Starting in 2014, all small group and individual market plans created before March 23, 2010 must comply with federal parity requirements.
  • Qualified Health plans offered through the Health Insurance Marketplaces in every state must include coverage for mental health and substance use disorders as one of the ten categories of essential health benefits and that coverage must comply with the federal parity requirements set forth in MHPAEA.

Essential Health Benefits

The Affordable Care Act also impacts the mental health parity law through some of its laws. MHPAEA does not apply directly to small group health plans, but its requirements are indirectly applied through the Essential Health Benefit (EHB) requirements. Non-grandfathered health insurance coverage in the individual and small group markets, through an Exchange or outside of an Exchange, must comply with the requirements of MHPAEA regulations to satisfy the EHB requirement. These requirements are that a plan must provide EHBs, limit cost-sharing and provide either bronze, silver, gold or platinum level coverage or a catastrophic plan. The ten categories of EHB include:

  • Ambulatory patient services
  • Emergency services
  • Hospitalization
  • Maternity and newborn care
  • Mental health and substance use disorder services, including behavior health treatment
  • Prescription drugs
  • Rehabilitative and habilitative services and devices
  • Laboratory services
  • Preventive and wellness services and chronic disease management
  • Pediatric services, including oral and vision care.

Possible Challenges

“Carve-out” health benefits are mental health benefits that are purchased by employers separately from medical benefits. This poses a challenge to the implementation of MHPAEA since it may be separate from the vendor providing medical benefits. If so, the law would require the “carve-out” vendor to ensure parity with medical benefits provided by another vendor.

Penalties

ERISA contains no specific penalty or enforcement rule for violations of MHPA or the MHPAEA. However, participants, beneficiaries, and the Department of Labor may use ERISA’s civil enforcement provisions to file lawsuits to enforce the MHPA’s and MHPAEA’s requirements.

This lawsuit could include breach of fiduciary duty for failure to comply with the MHPA or MHPAEA, claims for payment or mental health benefits alleged to be due, and damages for unpaid benefits, interest and attorney’s fees.

The IRS may impose excise taxes for a group health plan’s failure to comply of $100 per day for each individual to whom a failure relates.

For more information:

https://s3.amazonaws.com/public-inspection.federalregister.gov/2013-27086.pdf

http://www.nami.org/Content/ContentGroups/Policy/Issues_Spotlights/Parity1/FAQ_MHPAEA_7_10.pdf

Download PDF

Read the original post:
Mental Health Parity and Addiction Equity Act | TerrillConnect …

Mental <b>Health</b> Parity and Addiction Equity Act | TerrillConnect <b>…</b>

Plans years beginning on or after October 3, 2009 must comply with the Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA) which requires group health plans and health insurance issuers to provide mental health or substance use disorder benefits on the same level as their medical or surgical benefits. This applies to private and public group health plans with over 50 employees. Self-insured plans must comply with MHPAEA.  The MHPAEA does not require a group health plan to provide any mental health or substance use disorders. It only requires equal treatment between medical/surgical and mental health/substance use disorder benefits if they are both offered under the plan.

Group health plans that are subject to the MHPAEA are subject to three main requirements.

  1. Annual and/or Lifetime Limits
    • This means that those group health plans that apply annual and/or lifetime dollar limits for medical/surgical benefits must apply those same or less restrictive dollar limits for mental health benefits and substance use disorder benefits in the same benefit classification.
  2. Parity as to Financial Requirements and Quantitative Treatment Limitations
    • Financial requirements (such as deductibles, co-payments, co-insurance and out-of-pocket maximums) and quantitative treatment limitations (such as the number of treatments, visits or days of coverage) must be the same or less restrictive for mental health or substance use disorder as for medical/surgical benefits in the same benefit classification.
  3. Parity as to Nonquantitative Treatment Limitations
    • Things such as medical management standards must also be treated equally or less restrictive for mental health or substance use disorder benefits as they are for medical/surgical benefits in the same benefit classification.

Measuring Plan Benefits

The rules established six classifications of benefits and the parity requirements are applied on a classification-by-classification basis.

  • Inpatient, in-network
  • Inpatient, out-of-network
  • Outpatient, in-network
  • Outpatient, out-of-network
  • Emergency care
  • Prescription drugs

Whether a benefit is a medical/surgical benefit or a mental health/substance use disorder benefit is determined by the generally recognized standards of current medical practice, such as the current version of the Diagnostic and Statistical Manual of Mental Disorders (DSM), the most current version of the International Classification of Diseases (ICD), or State guidelines.  These benefits also include benefits for items as well as services. Medical conditions, surgical procedures, mental health conditions and substance use disorders are to be defined under the terms of the plan or coverage and in accordance with applicable Federal and State law.

Mental health/substance use disorder treatment limitations must be “no more restrictive than the predominant treatment limitations applied to substantially all” medical/surgical benefits covered by the plan. This phrase has three tests in it:

  1. is the limitation applied to substantially all medical/surgical benefits;
  2. is it the predominant treatment limitation; and
  3. is it more restrictive in the mental health/substance use disorder benefit than in the medical/surgical benefit?
  • “Substantially all” means a treatment limitation that applies to at least ⅔ of the benefits in a classification. If a treatment limitation does not apply to this limit, then the treatment limitation cannot be applied to mental health/substance use disorder benefits in that classification.
  • “Predominant” means the treatment limitation applies to at least ½ of the benefits in a classification. If a treatment limitation does not apply to this limit, then the treatment limitation cannot be applied to mental health/substance use disorder benefits in that classification.

Effective Date

Final regulations were issued in November 2013. They apply to group health plans for plan years beginning on or after July 1, 2014 (January 1, 2015 for calendar-year plans). Until then, plans must continue to comply with the interim final regulations, which have been in place for a few years already.

Exemptions

MHPAEA does not apply to small employers who have fewer than 51 employees and neither to individual and small group plans that are grandfathered.   However, States may have other laws on this matter and small employers must be aware of the Essential Health Benefits requirement (detailed later).

Missouri Regulations

In addition to the federal guidance, Missouri issued additional rules on mental health parity.

  • Depending on the mental health condition, residential treatment may or may not be covered.
    • Residential treatment of chemical dependency is covered by both individually underwritten and group health plans.
    • All other mental health conditions, if classified in the Diagnostic and Statistical Manual of Mental Disorders IV, would be covered as well.
  • If a plan chooses to place a limit on anti-depressants under their prescription coverage, they cannot place a greater financial burden on the insured than for access to treatment for a physical health condition.
  • Carriers for group health plans must provide coverage for medically necessary treatment of learning disabilities, developmental delays, and mental retardation and autistic disorders.
    • Insurance Carriers are able to determine what is “medically necessary.” MHPAEA requires insurance plans to make their medical necessity criteria available to current or potential participants. If denied, the health plan must inform participants why a claim has been denied, whether due to decisions about medical necessity or other reasons.
  • Self-funded plans, whether they fall under ERISA or not, are not subject to the Missouri regulations, however, they are subject to the MHPAEA.

Illinois Regulations

Illinois law requires employer groups of 51 or more employees to provide mental health or substance use benefits.

  • Illinois law requires insurance companies and HMOs that provide group coverage for hospital or medical benefits to offer coverage for the treatment of mental illnesses, other than “serious mental illnesses” to the group policyholder regardless of the group size. If the policyholder accepts, the policy must provide benefits for serious mental illnesses.
    • Serious mental illness is defined under Illinois criteria by the DSM as:
      • Schizophrenia;
      • Paranoid and other psychotic disorders;
      • Bipolar disorders (hypomanic, manic, depressive and mixed);
      • Major depressive disorders (single episode or recurrent);
      • Schizoaffective disorders (bipolar or depressive);
      • Pervasive developmental disorders;
      • Obsessive-compulsive disorders;
      • Depression in childhood and adolescence;
      • Panic disorder;
      • Post-traumatic stress disorders (acute, chronic, or with delayed onset); and
      • Anorexia Nervosa and Bulimia Nervosa
  • Individual insurance policies are not required by Illinois law to provide coverage to treat mental illnesses but HMO individual policies are required to provide the following benefits in accordance with state law.
    • 10 days inpatient mental health care per year. Care in a day hospital, residential non-hospital or intensive outpatient mode may be substituted on a two-to-one basis for inpatient hospital services as deemed appropriate by the primary care physician.
    • 20 individual outpatient mental health care visits per enrollee per year, as appropriate for evaluation, short-term treatment and crisis intervention services. Group outpatient mental health care visits may be substituted on a two-to-one basis for individual mental health care visits as deemed appropriate by the primary care physician.

Coverage for serious mental illness in Illinois requires parity with respect to financial requirements such as dollar limits, deductibles and coinsurance requirements. Subject to medical necessity determination, in each calendar year, coverage for these benefits cannot be less than;

  • 45 days of inpatient treatment,
  • 60 visits for outpatient treatment, and
  • 20 additional outpatient visits for speech therapy for treatment of pervasive developmental disorders.

 Affordable Care Act Interactions

  • Starting in 2014, all small group and individual market plans created before March 23, 2010 must comply with federal parity requirements.
  • Qualified Health plans offered through the Health Insurance Marketplaces in every state must include coverage for mental health and substance use disorders as one of the ten categories of essential health benefits and that coverage must comply with the federal parity requirements set forth in MHPAEA.

Essential Health Benefits

The Affordable Care Act also impacts the mental health parity law through some of its laws. MHPAEA does not apply directly to small group health plans, but its requirements are indirectly applied through the Essential Health Benefit (EHB) requirements. Non-grandfathered health insurance coverage in the individual and small group markets, through an Exchange or outside of an Exchange, must comply with the requirements of MHPAEA regulations to satisfy the EHB requirement. These requirements are that a plan must provide EHBs, limit cost-sharing and provide either bronze, silver, gold or platinum level coverage or a catastrophic plan. The ten categories of EHB include:

  • Ambulatory patient services
  • Emergency services
  • Hospitalization
  • Maternity and newborn care
  • Mental health and substance use disorder services, including behavior health treatment
  • Prescription drugs
  • Rehabilitative and habilitative services and devices
  • Laboratory services
  • Preventive and wellness services and chronic disease management
  • Pediatric services, including oral and vision care.

Possible Challenges

“Carve-out” health benefits are mental health benefits that are purchased by employers separately from medical benefits. This poses a challenge to the implementation of MHPAEA since it may be separate from the vendor providing medical benefits. If so, the law would require the “carve-out” vendor to ensure parity with medical benefits provided by another vendor.

Penalties

ERISA contains no specific penalty or enforcement rule for violations of MHPA or the MHPAEA. However, participants, beneficiaries, and the Department of Labor may use ERISA’s civil enforcement provisions to file lawsuits to enforce the MHPA’s and MHPAEA’s requirements.

This lawsuit could include breach of fiduciary duty for failure to comply with the MHPA or MHPAEA, claims for payment or mental health benefits alleged to be due, and damages for unpaid benefits, interest and attorney’s fees.

The IRS may impose excise taxes for a group health plan’s failure to comply of $100 per day for each individual to whom a failure relates.

For more information:

https://s3.amazonaws.com/public-inspection.federalregister.gov/2013-27086.pdf

http://www.nami.org/Content/ContentGroups/Policy/Issues_Spotlights/Parity1/FAQ_MHPAEA_7_10.pdf

Download PDF

See the original article here:
Mental <b>Health</b> Parity and Addiction Equity Act | TerrillConnect <b>…</b>

Buy Affordable Travel <b>Health Insurance</b> from West Coast Real Estate <b>…</b>

Buy Affordable Travel Health Insurance from West Coast Real Estate & Insurance, Inc.
The Mexico health insurance policies offered by West Coast Real Estate & Insurance, Inc. are some of the most comprehensive and affordable in the industry.
BriefingWire.com, 6/30/2014 - Every year, millions of people travel abroad without any type of insurance policy. This puts them at risk of extreme financial loss if their possessions are stolen or damaged, or if they experience a sudden medical emergency. By purchasing a Mexican health insurance policy, anyone can safely continue their travels without having to worry about the unexpected. If you are thinking about traveling or living abroad and currently have an insurance policy that won’t cover you overseas, then you should immediately contact the professional team of representatives at West Coast Real Estate & Insurance, Inc.

The Mexico health insurance policies offered by West Coast Real Estate & Insurance, Inc. are some of the most comprehensive and affordable in the industry. Their goal is to take the risk out of international travel by providing their clients with the necessary coverage to protect them during medical emergencies. By taking into account the individual needs of each client, West Coast Real Estate & Insurance, Inc. can effectively plan a custom insurance policy that caters to their unique international travel schedule.

West Coast Real Estate & Insurance, Inc. is a leading provider of rental car insurance in Mexico. They proudly offer a wide range of affordable health insurance, property insurance, boat insurance, aviation insurance, commercial insurance, expat health insurance, multi trip international travel health insurance, life insurance, kidnap insurance, extortion insurance, and more.

Most American insurance policies cannot provide you with the coverage you need once you cross the border. To learn more about one of the top international travel insurance providers in Mexico and the United States, visit West Coast Real Estate & Insurance, Inc. online today at www.westcoastri.com. On their website, you can view free quotes for any insurance policy they offer.

Contact Us:

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Email: Info@MexicoInsuranceExperts.com

Read More:
Buy Affordable Travel <b>Health Insurance</b> from West Coast Real Estate <b>…</b>

Editorial in BMJ – Editorial Corruption: medicine’s dirty open secret

Very good exposure of corruption in medical care in editorial of the renowned British Medical Journal by Indian docotr Dr. Samiran Nundy. Must read for all.  
  1. Anita Jain, India editor1,
  2. Samiran Nundy, dean 2,
  3. Kamran Abbasi, international editor
Doctors must fight back against kickbacks
Healthcare is a high risk sector for corruption. Best estimates are that between 10% and 25% of global spend on public procurement of health is lost through corruption.1 This is big bucks. Total global spend on healthcare is more than $7 trillion each year. Corruption takes many forms, depending on the country’s level of development and health financing system. The United States, for example, lost between $82bn and $272bn in 2011 to medical embezzlement, mostly related to its health insurance system. No country is exempt from corruption. Patients everywhere are harmed when money is diverted to doctors’ pockets and away from priority services. Yet this complex challenge is one that medical professionals have failed to deal with, either by choosing to enrich themselves, turning a blind eye, or considering it too difficult. Transparency International, a watchdog on these matters, defines corruption as the abuse of entrusted power for private gain, which in healthcare encompasses bribery of regulators and medical professionals, manipulation of information on drug trials, diversion of medicines and supplies, corruption in procurement, and overbilling of insurance companies. This is no dirty little secret. It is one of the biggest open sores in medicine.
India, with rampant corruption at all levels, is prominent in this international field, with a survey by Transparency International in 2013 finding the practice of paying bribes for services in India to be double that found globally.The payment of bribes or use of influential connections to get “a little ahead, a little extra, a little quicker” has become ingrained in people’s attitudes.
Resistance is often not an option for those working within corrupt systems. David Berger’s experience of the Indian health system highlights how corrupt practices can steadily erode the trust and respect with which doctors were previously regarded. As in China, attacks on doctors may become a more common consequence of perceived corruption in the medical system.
When devising effective solutions it is important to identify the possible drivers of corruption. India has a lack of external accountability and oversight of both public and private health sectors. Most doctors work in the underfunded and inefficient public sector because it is a secure job with time bound promotions and little supervision. However, those in much better paid private sector jobs are incentivised to generate business for their employers by overinvestigation and overtreatment of patients who are at their mercy both medically and financially. Private medicine has flourished in India because of a weak regulatory climate with no standards to monitor quality or ethics. Using a theoretical framework, Vian suggests that three factors are at play here: opportunity to engage in corrupt practices by dint of being in a position of power in a system with inadequate oversight; financial, peer, or personal pressures felt by officials; and a culture that rationalises and accepts corruption. It is therefore a difficult task to weed out corruption from the health system, and it requires action at all levels. Indeed, how is it possible to practise medicine free of corruption in an overwhelmingly corrupt society?
Good governance, transparency, and zero tolerance must form the basis of any anti-corruption strategy. Changes must be implemented in society at large for reform to be sustained. Better governance requires rigorous legislation and functioning administrative mechanisms to provide fiscal oversight. Ethical standards of conduct must be explicitly established and staff held accountable for their performance. Punitive measures should be available to serve as a deterrent. Honest behaviour must be rewarded. These policies may be ineffective, however, unless healthcare professionals are assured of a decent salary and fair opportunities for professional growth.
A simple yet powerful model for change is presented by the “transparency wall” that appeared in villages under the Mahatma Gandhi National Rural Employment Guarantee Act. Through information sharing, communities were empowered to monitor disbursement of funds under the scheme and prevent malpractice. Similarly, the Right to Information Act provides a powerful tool to bolster the involvement of citizens in government functioning and to hold public officials accountable.
It will be challenging for patients and doctors to take on a system mired in corruption. Simple and effective channels for complaints must be established, and appropriate legal support and protection provided to whistleblowers. Looking deeper, underlying issues such as education and social justice must not be forgotten if the battle against corruption is to be sustained and eventually won. Answers may also lie outside the world of medicine. People for Better Treatment—an organisation set up by an expatriate Indian doctor whose wife died after a medical mishap—is campaigning to hold the medical profession accountable by including people from outside medicine on regulatory bodies.
Success in tackling corruption in healthcare is possible, even if it is initially limited, as anti-corruption bodies in the United Kingdom and US have shown. Doctors have allowed sleeping dogs to lie for too long because of fear, lethargy, and complicity. It is time to reflect and hold ourselves and our peers accountable. Professional standards of conduct must be instilled early through ethics training in the undergraduate medical curriculum. These ethical standards must be upheld throughout medical careers to influence colleagues and the broader community.
We plan to launch a campaign against corruption in medicine, which will begin with a focus on India. We know that India is not alone, but if we can defeat corruption in India we believe it is possible to tackle it for the benefit of millions of people in other countries with similar health ecosystems.
We urge an international fight back against kickbacks. Join us.
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Lokamanya Tilak argued: Valid criticism of bureaucracy does not amount to criticism of  state and the role and job of journalists.

  • Fight Corruption and Corrupt People
  • Demand Accountability and Transparency
  • Defend Whistle-blowers and RTI Activists
  • Reclaim democracy
  • Remember, Politics and Corruption is the first resort of India’s scoundrels

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Editorial in BMJ – Editorial Corruption: medicine’s dirty open secret

Redcare HMO to grow market share in <b>health insurance</b> market <b>…</b>

As out-of- pocket payment for healthcare constituting over 90 percent of private spending and less than 5 percent (about 8million) of Nigerians covered by health insurance in public and private sector, this development has left majority of Nigeria’s 160 million people without health insurance cover.

While this has created huge market for Health Maintenance Organisation (HMOs) to design health insurance products, Redcare HMO intends to grow its market share in Nigeria’s health insurance shape through product development targeted at the formal and informal sectors including individual enrollees in a bid to ensure that more Nigerians are covered by health insurance

Speaking with BusinessDay during the company’s 5th year anniversary, Babatunde Salako, managing director/chief executive officer, Redcare HMO, said the philosophy of the company is to develop customised healthcare packages that would address the needs of a targeted segment of the society.

With share capital of over N400 million  and operating in the six geopolitical zones of the country, Salako revealed that RedCare HMO is focused on ensuring Nigerians have access to healthcare services through collaboration with relevant stakeholders and providing massive scale-up of health insurance to Nigerians in line with National Health Insurance Scheme (NHIIS) 2015 target.

“Distinguished business leaders have made it possible for Redcare HMO to be an established force in the healthcare management business in Nigeria. Their combined years of experience and leadership have help steer the company to achieving 120 companies as corporate clients in one and half years with major clientele include the banks, oil & gas companies, telecommunications, Insurance, multinationals companies etc, community health insurance in Ogun State, BUPA International local representative and a nationwide presence with regional offices

 “Our health insurance cover for corporate organizations is growing as well as new enrolees from companies such as Access bank, Etisalat etc.  We are well positioned to partner with local and international bodies including the National Health Insurance Service (NHIS) for the provision of universal health coverage for all under the government agenda for healthcare in the country. We are positioned to continue to increase our market share both in terms of corporate clients and individual enrolees. We are continuously reviewing our products/plans to maintain our competitive advantage and leveraging our services on the reputation of Reddington Hospital, our flagship hospital in Nigeria,” Salaok explained. 

Olu Akinyanju, chairman, National Sickle Cell Foundation, who chaired the occasion, stated that RedCare HMO is committed to pursuing excellence in healthcare service delivery and pioneering the use of technology for health care management in Nigeria.

He added that due to RedCare HMO’s experience, it has been able to customize bespoke health insurance products to different groups (corporate, SME and retail).

The health insurance business has witnessed a boom in the country for over a decade (from 13 in 2000 to 66 HMOs in 2012),  becoming more sophisticated with monthly capitation payment processed manually by HMOs put at over N5 billion among over 6, 000 accredited providers.

While the NHIS was re-launched in 2005 with the aim of improving accessibility and equity in healthcare delivery, the scheme has suffered a long lag between conceptions and implementation due partly to the opposition by healthcare professionals, administrators and even the general public owing to misconception and inadequate knowledge of the principle of health insurance.

The continued dominance of out-of-pocket payment for healthcare is Nigeria experts believe is borne out of misconception and lack of information on health insurance. Why health insurance is still a new business and people do not understand actuarial principle and insurance, this has lead to low acceptance of health insurance, which is considered the future of healthcare in Nigeria.

While calls for government to reduce the burden of healthcare services on citizens continues, the quest to attain universal health coverage for Nigerians may not become realised if the current NHIS Act established under Act 35 of 1999 by the Federal Government to make health insurance compulsory is not enacted.

Stakeholders believe that constitutional amendment would compel states and local governments to pay subsidy and bridge existing funding gaps that would ensure and enable more Nigerians access quality healthcare under the NHIS.

ALEXANDER CHIEJINA

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Redcare HMO to grow market share in <b>health insurance</b> market <b>…</b>