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Showing posts with the label Healthcare Insurance

How Has HIPAA Changed the Medical World?

A better question might be: How has it not changed it? T hat would be a very short answer. HIPAA was developed due to the fact a deadline was not made.  The medical community could not accomplish it, so the government took over, and put it into action October 2002. Who Does HIPAA Apply To? -           Insurance companies that deliver  patient decides  must be in compliance with HIPAA. Any type of insurer is required to abide by HIPAA rules and regulations, and can face stiff penalties if they fail to do so.This changed insurance companies considerably; no longer could they simply give out or obtain information with and from medical facilities. If a patient is admitted to a hospital, and has not granted permission, the hospital cannot discuss the patient at all with the insurance company. Of course, this would mean they would not cover the costs, if they don't know why the patient was admitted they can...

A Look at the New Health Care Bill

The ACA was a blessing to some, but not all. Could it have been perfected over time?  We will never really know as it is being replaced. As of now, 70% of Americans do not approve of the ACA, so let's see if the new one is any better. The New Health Care Bill This bill does not require people to buy insurance. Instead, it offers incentives to those who do. The new bill tries to encourage insured people to maintain their coverage by setting regulations with insurance companies. The new act will prevent companies from charging more or denying coverage for pre-existing conditions. The only stipulation is, you cannot let your insurance lapse. If insurance does lapse for more than 63 days, it allows the company to tag on a 30% penalty for the year. The tax credits will be based on age, but can go up to 4,000 per year. It's difficult to predict who will win out with the new bill, and who will lose, it takes some time to determine the results.  Related:  Importance of...