FHAS, Inc.’s Post

Is your healthcare bill about to take off? Hospitals are using surge pricing to inflate costs for routine procedures and tack on extra charges for ad-hoc services, leaving patients and insurers feeling the pinch. It’s time to hold them accountable for fair pricing! BIRAJ DESAI Viral Trivedi Payal Desai Tags: #Healthcare #Costs #PriceTransparency #SurgePricing #FairHealthcare #PatientRights #CostAwareness #HealthInsurance #TransparentPricing #HealthcareReform #EndSurgePricing #insurance #updates #news

💼💡 MS has finalized policies to promote competition in Medicare Advantage and Part D plans, boost access to behavioral healthcare services, and reduce deceptive marketing practices. The Contract Year (CY) 2025 Medicare Advantage and Part D final rule included guardrails about plan compensation to agents and brokers who help beneficiaries navigate coverage options. Excessive compensation from plans may result in beneficiaries being steered to certain Medicare Advantage or Part D plans based on financial incentives instead of beneficiary health needs. #Medicare #MedicareAdvantage #Healthcare #Insurance #HealthInsurance #MedicareCoverage #HealthPolicy #HealthcareIndustry #MedicareFinalRule #HealthcareReform #HealthcarePolicy #HealthcareManagement #HealthcareNews #MedicareChanges #HealthcareUpdates #MedicarePlan

It's that time of year again: In most states, the Affordable Care Act's annual open enrollment season for health plans begins Nov. 1 and lasts through Jan. 15. Last year marked a record enrollment of about 21 million people. Learn more by visiting https://lnkd.in/gePpRhQd. #healthcarenavigation #healthinsurance #healthinsurancebasics #healthbenefits #insurance #healthcare

INSURANCE : IN NEED & READY FOR DISRUPTION ——————————————————————————- We often associate ‘financial exclusion’ with lack of access to banking & credit facilities. However, lack of access to insurance is a significant (larger ?) gap. Insurance underwriting models haven’t evolved much in over a century and are dominated by a handful of reinsurers. A reinsurer sitting thousands of miles away is determining the insurability & insurance premium….. • Top 5 = 43% of total premium ($ 174 bn) - Munich Re, Swiss Re, Hannover Re, Canada Life Re & Berkshire Hathaway • Top 10 = 64% ($ 255bn) • Top 20 = 80% Reinsurance market concentration : Top 10 Reinsurers : 1980 = 22% 2022 = 64% This sector is ripe for disruption with #AI - making insurance accessible & affordable to ALL. #FinancialInclusion #insurance #AI #ResponsibleAI #AIforGood #reinsurance

Five times the premium, a fifth of the coverage in critical medical cases—seniors are getting shortchanged by health insurers. Find out how at the link in the comments. ------------ Reporting: Sudeshna Ray, Edit: Sneha Swaminathan, Illustration: Aishwarya N. #TheKen #SeniorCare #Insurance #HealthInsurance #PrivateInsurance #Healthcare

📢 Great news! Medicare enrollment is now open! 🏥✨ Don't miss your chance to review your options and ensure you have the coverage you need. Act now and secure your health for the future! Not sure where to start? Get all the info you need here: https://lnkd.in/gZb3Eq7q #Medicare #Healthcare #OpenEnrollment #Insurance

Healthcare providers, are you struggling with delayed or denied payments from insurance payers? It's time to take a stand and ensure you receive the full compensation you deserve for your services. At Health Rescue Partners, we're dedicated to supporting you in this crucial effort. Speak to our professionals to discover how we can help you navigate the complexities of insurance payments and achieve financial stability. HealthRescue Partners https://lnkd.in/dew9WFA8 #healthcare #hrp #healthrescuepartners #medicalbilling #privatepractice #independentpractice #medicalcoding #unitedstates #claimprocessing #payers #insurancecollections

Ever wondered how to turn member insights into measurable impact? We're passionate about simplifying the process for health plans to drive targeted interventions and measure ROI effortlessly. Because let's face it, everyone should be able to do this! Discover free insights and personalized solutions with no strings attached. Let's chat and find ways to help you thrive. Reach out today! https://lnkd.in/g-gQ8QAg #Healthcare #Insurance #Medicare #Medicaid #ACA #MedicareAdvantage #BusinessOutcomes

The financial performance of private health insurers varies significantly across different markets. In 2023, the highest per-enrollee gross margins were observed in the Medicare Advantage market, while the individual insurance market had the lowest medical loss ratios. https://bit.ly/3W3qAu3 KFF #HealthPlans #healthcare

Depending on their choice of insurance provider, individuals who purchase an Integrated Shield Plan (IP) for private hospital treatment can end up paying a staggering difference of more than $85,000 over their lifetimes. This substantial disparity underscores the importance of careful consideration when selecting an IP provider. IP is an optional health coverage provided by private insurance companies, typically for stays in A or B1-type wards in public or private hospitals. Recent data published by MOH shows significant premium variations even among plans categorised under the same ward class, as both coverage and pricing are determined by the insurer. Hear from Assoc Prof Hwee-Lin Wee and Asst Prof Cynthia Chen as they discuss how individuals can evaluate their options, in consideration of long-term healthcare expenses, when choosing insurers. Click on the link to read more: https://lnkd.in/gwg-7ZAT #NUS #NUSPublicHealth #publichealth #SSHSPH #health