Category: Health Insurance

MGNREGA Workers: MGNREGA Workers Health Insurance Recommendation in Punjab | Chandigarh News

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Chandigarh: To ease the burden of rising expenses of medical care for Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA) workers, the Punjab Vidhan Sabha Committee has strongly recommended implementing mandatory health insurance coverage for all the workers under the scheme in the state. This measure aims to alleviate the financial burden associated with medical expenses for MGNREGA workers, who are poorly paid. The current wage rate for unskilled labor under MGNREGA in Punjab stands at Rs 303 per day, which is lower than that in the neighboring state of Haryana. Workers in Haryana receive Rs 357 per day under…Continue Reading

Xsolis Becomes America’s Health Insurance Plans (AHIP) Affiliate Organization Member

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AHIP Affiliate Membership reflects Xsolis’ commitment to elevating health plan and provider collaboration, transparency, and objectivity of data with AI in utilization management FRANKLIN, Tenn., March 19, 2024 /PRNewswire/ — Xsolis, the AI-driven technology company with a human-centered approach, fostering collaboration between healthcare providers and payers, has announced that it has joined America’s Health Insurance Plans (AHIP) as a 2024 Affiliate Organization Member. Xsolis will leverage the AHIP membership to further enhance payer-provider collaboration and transparency using its proprietary Dragonfly platform, which offers real-time transparency and objective data for increased accuracy and alignment of medical necessity decisions, transforming traditional concurrent…Continue Reading

UNICEF Calls For Unified Action On Universal Health Coverage Challenges

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By Reporters The UN Children’s Fund (UNICEF) has urged stakeholders to intensify efforts in tackling the systemic challenges hindering the achievement of universal health coverage. Dr Ijeoma Agbo, UNICEF Health Specialist, made this plea during a two-day media dialogue held in Ibadan. The event, themed “Changing the Narrative on Child Mortality through Health Insurance,” was organized by UNICEF in partnership with the Oyo State Health Insurance Scheme (OYSHIA). Agbo, addressing the gathering on “Access to Health Insurance as a Way to Achieve Universal Health Coverage for all in Nigeria,” emphasized the financial protection health insurance provides by alleviating the burden…Continue Reading

UAE mandates health insurance for private sector: Will premiums drop?

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“According to the new system, employers in private sector companies along with employers of domestic workers in the UAE are required to pay for the health insurance coverage for their registered workers upon issuance or renewal of their residency permits,” state news agency WAM reported. “In the case of domestic workers, employers have to foot the bill of the scheme. The Ministry of Human Resources and Emiratesation (MoHRE) will be responsible for carrying out essential awareness campaigns and programs regarding this concern.” This marks the second mandatory insurance scheme introduced for employees in the UAE, following last year’s requirement for…Continue Reading

How can individuals and senior citizens claim tax benefits for a multi-year health insurance policy?

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Understanding the process of claiming tax benefits for multi-year health insurance policies is essential for maximizing your financial advantages. Claiming tax benefits for a multi-year health insurance policy works a bit differently than claiming benefits for an annual policy. So let us delve into the steps and considerations involved in claiming tax benefits for a multi-year health insurance policy, empowering you to make informed decisions and optimize your tax savings. Siddharth Singhal, Business Head – Health Insurance, Policybazaar.com, said, “As per the Income Tax Act, Section 80D, individuals under the age of 60 can claim tax benefits of up to…Continue Reading

Universal health coverage: UNICEF asks states to increase investment in insurance scheme

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The United Nations Children’s Fund (UNICEF) says state governments should earmark a percentage of their consolidated revenue to health insurance schemes to fund premiums for the poor. Ijeoma Agbo, UNICEF health specialist, spoke in Ibadan, Oyo state capital, on Tuesday at a two-day media dialogue with the theme “Changing the narrative on child mortality through health insurance”. The program was organized by UNICEF in collaboration with the Oyo state health insurance scheme (OYSHIA). Agbo said health insurance facilitates equitable distribution of healthcare resources and brings financial protection by reducing the burden of out-of-pocket expenses on individuals and families. The specialist…Continue Reading

Life insurance market sees revenue dip by 2% to US$14bn in 2023

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Life insurance revenue in Indonesia reached IDR219.70tn ($14bn) in 2023, dipping by 2% compared to IDR224.09tn in 2022, according to the Indonesian Life Insurance Association (AAJI). AAJI chairman Budi Tampubolon said, “The general decrease in total revenue was due to a fall in the premium income component which was recorded at negative 7.1%.” Life insurance premium income was recorded at IDR177.66tn in 2023. Other components of total revenue, namely, investment returns, recorded a positive figure of IDR32.03tn in 2023, representing a jump of 46.2% compared to 2022, reported Antara News Agency quoting data from AAJI. “Improving the investment climate and…Continue Reading

ALFA Insurance targets health sector amid regulatory debate in Alabama

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In a bold move that could reshape the landscape of health insurance in Alabama, ALFA Insurance, traditionally known for its auto, home, property, life, and farm business insurance offerings, is now setting its sights on the health insurance market. This strategic expansion comes with a legislative twist, as ALFA hopes to introduce Farm Bureau Health Plans (FBHPs) through state legislation, sparking a heated debate on regulatory fairness and consumer protection. ALFA Insurance, boasting a robust membership of approximately 360,000, predominantly non-agricultural, aims to leverage this base to sell its proposed health plans. However, the controversy lies in the nature of…Continue Reading