Saturday, September 10, 2005

Press Release- Insurance for Recent Graduates

The following press release was provided by the State of Wisconsin Office of the Commissioner of Insurance:

Graduates Should Pay Attention to Health Insurance Deadlines
Madison, WI--Recent graduates of high school or college who've been covered under parents' group health insurance plans should plan immediately for health insurance coverage. Checking the policy is the first step, according to the Office of the Commissioner of Insurance (OCI).
"If you've graduated this spring and are unsure about your health insurance, check into it now," said Eileen Mallow, OCI assistant deputy commissioner. "If you don't understand your continuation rights, contact the employer's human resources department, an insurance agent or our office."
Many health insurance policies assign "dependent" status to children under the age of 19. In addition, children who are 19 or older and are full-time students often may continue to be covered as dependents under the parents' policy until they graduate or until age 24. To determine the details, check the policy.
The right to continue group health insurance coverage--or convert to a new individual policy--expires within certain timeframes under either state and federal continuation laws. Paying attention to deadlines is important.
"The financial burden caused by an illness or accident can keep people in debt for a long time," Mallow said. "Take advantage of access to group health insurance."
Both Wisconsin law and the federal COBRA law guarantee people who qualify the right to continue health insurance coverage after a change in employment, for example. If both state and federal law apply to an individual, whichever law is most favorable to the policyholder is applied.

BCBS of Louisiana Press Release

Blue Cross and Blue Shield of Louisiana announced it is donating $1 million to local relief efforts and suspending certain contractual requirements in an effort to help those affected by the worst natural disaster in U.S. history.

“The employees of Blue Cross wish to extend their support and heartfelt concern to the victims of Hurricane Katrina,” said Gery Barry, president and CEO. “As a Louisiana company, many of our own employees have also experienced tragic loss in the wake of this devastating storm.”

Thursday, September 08, 2005

US Census Press Release

The following information was provided by the United States Census:
The percentage of the nation’s population without health insurance coverage remained unchanged, at 15.7 percent in 2004.
The percentage of people covered by employment-based health insurance declined from 60.4 percent in 2003 to 59.8 percent in 2004.
The percentage of people covered by government health insurance programs rose in 2004, from 26.6 percent to 27.2 percent, driven by increases in the percentage of people with Medicaid coverage, from 12.4 percent in 2003 to 12.9 percent in 2004.
The proportion and number of uninsured children did not change in 2004, remaining at 11.2 percent or 8.3 million.

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