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NEWS
September 21, 2015
PET OWNERS will spend nearly $16 billion on veterinary care this year. If you're considering purchasing pet health insurance, here are five things you should know: 1. Some insurers provide discounts to AARP or AAA members, military personnel and multi-pet families. 2. Some employers offer pet insurance as a benefit. 3. Policies are available for birds, reptiles and other exotic pets. 4. Older pets can be insured, usually until they are 12 to 14 years old, but policies may exclude coverage for age-related illnesses.
NEWS
September 18, 2015 | By Don Sapatkin, Inquirer Staff Writer
Nearly nine million more Americans joined the ranks of those with health insurance last year, the U.S. Census reported Wednesday in the most detailed look at coverage since the main provisions of the Affordable Care Act kicked in. In 2014, 33 million Americans - 10.4 percent, a nearly 3-point drop - were uninsured, down from 41.8 million in 2013, according to the bureau. While other reports have shown a similar decline in the number of uninsured Americans - and include enrollment figures for 2015 not included in Wednesday's release - the census data are considered the gold standard.
BUSINESS
August 29, 2015 | By Paul Nussbaum, Inquirer Staff Writer
An insurer of taxicabs in the Philadelphia region has been ordered liquidated by a Washington, D.C., court. Pinelands Insurance Co. Risk Retention Group Inc. is the second taxi insurer in less than a year to fail, following the insolvency of First Keystone Risk Retention Group Inc. last October. In Philadelphia, 94 of the city's 1,600 cabs are insured by Pinelands, and they have been told by the Philadelphia Parking Authority they must replace their insurance by Sept. 4. The District of Columbia Department of Insurance, Securities and Banking was ordered by the court to take over the assets of Pinelands and begin liquidation proceedings.
NEWS
August 22, 2015 | By Don Sapatkin, Inquirer Staff Writer
Gov. Wolf announced Thursday a series of small benefit upgrades for families with coverage though the Children's Health Insurance Program (CHIP), effective Dec. 1. Changes include removal of limits on inpatient and outpatient stays for mental-health and substance-abuse treatment, and the end of outpatient co-payments for mental-health services. Vision care was broadened to cover more types of prescription lenses and tinting. CHIP has long been considered excellent insurance, and many of the changes will apply to small portions of the 148,000 children in the program.
BUSINESS
August 20, 2015 | By Harold Brubaker, Inquirer Staff Writer
A subsidiary of Philadelphia-based AmeriHealth Caritas was one of four companies selected by Iowa officials to participate in the management of the state's $4.2 billion Medicaid program, which serves about 560,000, officials announced Tuesday. AmeriHealth and the other winners - units of Anthem Inc., UnitedHealth Group Inc., and WellCare Health Plans Inc. - will compete statewide for Medicaid beneficiaries under the program, which starts Jan. 1, 2016. Iowa officials picked four of 10 health insurer applicants that completed the process.
BUSINESS
August 6, 2015 | By Paul Nussbaum, Inquirer Staff Writer
Another insurer of taxicabs in the Philadelphia region is in financial trouble, threatening for the second time in less than a year the ability of some taxi owners to insure their cabs and of accident victims to collect for their medical bills. The Philadelphia Parking Authority, the regulator of taxi operations in the city, is declining to accept insurance renewals for Philadelphia cabs written by Pinelands Insurance Co. Risk Retention Group Inc., of Washington. Last year, 272 of Philadelphia's 1,600 cabs were insured by Pinelands, PPA spokesman Martin O'Rourke said Tuesday.
NEWS
July 26, 2015 | By Bonnie L. Cook, Inquirer Staff Writer
Funeral services are scheduled Saturday, July 25, for Nicholas Monatesti, 75, formerly of Philadelphia, who died Friday, June 19, of a stroke at Flagstaff (Ariz.) Medical Center. Services are to begin at 11 a.m. at Christ the King Roman Catholic Church, 3205 Chesterfield Rd. Inurnment will be later. Mr. Monatesti lived in Downingtown from 1975 until 1983, moving to Lititz, Pa., and, later, Philadelphia. A little more than a year ago, he moved to Flagstaff, seeking good weather and mountain vistas, and to be closer to his son, Anthony "A.J.
NEWS
July 26, 2015 | By Chris Mondics, Inquirer Staff Writer
Indianapolis-based Anthem Inc. said Friday that it would acquire Cigna Corp., a major national health insurer with Philadelphia origins and 1,100 local employees, in a deal that would create the largest health-insurance company in the United States. The $54.2 billion transaction is one in a series of health-insurer mergers announced recently as firms scramble to get on top of rapid changes in the marketplace. The combined company will have more than $115 billion in annual revenue and an enrollment of 53 million members.
NEWS
July 22, 2015 | By Bonnie L. Cook, Inquirer Staff Writer
Jack Pincus, 87, of Bryn Mawr, a retired insurance broker, died Monday, July 13, of Lewy body dementia at his home. Mr. Pincus was born in Philadelphia and graduated from West Philadelphia High School, where he served as student government president. He attended what is now Drexel University before graduating from the University of Miami. Because he was not drafted when he became eligible for military service, Mr. Pincus enlisted in the Army National Guard. Following his service, Mr. Pincus joined the family business, Albert A. Pincus & Sons, which had been in the wholesale meat industry since 1947.
NEWS
July 8, 2015 | By Stacey Burling, Inquirer Staff Writer
When economist Dan Polsky set out to study how many doctors were in the health-insurance networks available to Obamacare customers, he found out it was hard - even for him. How hard? "Nine out of 10," said Polsky, executive director of the University of Pennsylvania's Leonard Davis Institute of Health Economics. He concluded that many of the 10.2 million people who have bought insurance through the Affordable Care Act marketplace probably don't realize they are giving up access to many physicians and hospitals in order to get lower premiums.
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