what does health insurance through the marketplace mean?

Healthcare costs are rising again even as inflation falls

April 12, 2023binomo

WASHINGTON —

During the pandemic, healthcare costs — usually a main driver of US inflation — remained surprisingly stable, rising just about 2% annually even as prices for many goods and services soared more than three or four times that rate.

But signs are emerging that medical inflation is back as demand for non-COVID-19-related health services recovers and healthcare providers seek to make up for soaring labor costs and losses during the pandemic.

Prices for hospital services, the single biggest component of medical care, accelerated in December and even faster in January, to an annual rate of 5.5%, according to

Sources of financial aid and insurance for hearing aids

April 6, 2023binomo

When you’re ready to purchase hearing aids, you don’t want to waste time finding out if you qualify for monetary assistance. Based on the way most people are provided with financial support, we have put together a prioritized list below to help uncover your options.

Does health insurance cover hearing aids?

Hearing aids are generally not covered by medical insurance, although insurers sometimes offer optional hearing/vision/dental plans that may include coverage for hearing tests and hearing aid fittings.

Other options for paying for your hearing aids may include financing offered by your hearing care professional, credit from a third party

Does Health Insurance Cover Hearing Aids? Coverage Options for Hearing Devices

March 30, 2023binomo

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Hearing aids are a crucial way to improve your ability to effectively navigate the world and function optimally at work and in your personal life.

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Some insurance firms provide optional hearing, vision, and dental care policies, even if medical insurance often does not cover hearing aids. Furthermore, some policies may provide reimbursement for additional hearing exams and hearing aid fittings.

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If you want to buy

How to avoid unexpected medical bills

March 22, 2023binomo

Surprise medical bills can be expensive: Of the 1 in 5 Americans who received an unexpected bill within the last year, 22% were charged over $1,000, according to a 2022 survey published by business intelligence company Morning Consult.

While unexpected bills may not be completely avoidable — and your health insurance might not cover every last expense — there are questions you can ask medical providers to help you avoid paying more than you have to, and to clarify how much you’ll actually owe before undergo a procedure or test.

Here are four questions to start with, from Todd Thames,

What is the Cost of a Data Breach?

March 8, 2023binomo

A recent study found that the total average cost of a healthcare breach is $10.10 million. Can your healthcare practice afford a breach?

We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog click here).

Can your healthcare practice afford a breach? Most healthcare entities cannot.

Since 2020, healthcare breach costs have risen by 42%.

As we know healthcare breaches are incessant, it is important to understand trends.

The trends that have emerged over the past few years are:

Repeat attacks

UnitedHealth is the Latest Industry Player to Embrace Wearables

February 26, 2023binomo

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For most people, health insurance is something they’d rather not think about. For better or worse, UnitedHealth wants to always be on your mind — and wrist.

The health insurance giant is revamping its UnitedHealthcare Rewards program to offer financial incentives for customers who engage in healthy behaviors — as tracked by wearable devices like a Fitbit, an Apple Watch, or a Garmin.

An Apple Watch a Day…

The Affordable Care Act has

Retirees in Wuhan, Dalian Protest Proposed Medical Insurance Cuts

February 18, 2023binomo

On February 15, just weeks before the opening of the 14th National People’s Congress (NPC) legislative session in Beijing, thousands of Chinese retirees in the city of Wuhan and Dalian held large demonstrations against proposed reforms to the public health insurance system. These followed an initial demonstration on February 8 in Wuhan, which was largely peaceful: demonstrators shouted slogans, the “The Internationale,” and promised that they would return a week later if Wuhan authorities did not address their concerns about the reforms, which many retired Workers’ fear will result in steep cuts to their medical benefits.

At The New York

How Can I Protect My Children in Estate Planning?

February 10, 2023binomo

Many of our clients have concerns related to their children when planning estates. Concerns can range from making sure they are taken care of financially, choosing appropriate guardians, and more.

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Some of our clients biggest concerns are:

I don’t want my child to blow all the money they inherit right away. We always tell clients the best way to ruin a great kid is by giving them tons of money.