Employer Application For 2-50 Employees: Fill & Download for Free

In 2006, almost 43 million Americans had no health insurance, which translates into nearly 15 percent of the American population. This might be attributed to the fact that health care costs can be very expensive, and the cost of even the most basic care is steadily rising.Today, the amount Americans spend on health care is four times as much as the government spends on national defence. So it's no surprise that along with increased health care cost comes increased health insurance premiums. Employers typically bear the brunt of the expense for health insurance, but individuals are paying more and more each year as well. In 2006, employer insurance premiums increased 7.7 percent, twice the rate of inflationHow insurance works in US:-Group InsuranceThe majority of people under the age of 65 have medical insurance through their employers' group insurance. According to the National Coalition on Health care, in 2005, over 80 percent of employees were eligible for employer-group insurance and 83 percent of those who were offered, opted for these types of plans. This is usually because employers and other organizations can get better rates because they have a large number of people to cover. The insurance company sees it as good risk because they'll probably end up paying out very little for many people in the group, while collecting premiums from everyone. Normally, this translates into premiums that are much lower than those found in individual health insurance plans and are the same price for everyone in the group regardless.Individual Health InsuranceIndividual health insurance is the most expensive option for people who don't have coverage (or don't have enough coverage) through employers. Physical exams and questionnaires are usually a part of the application process, so poor health can really make a difference in the cost and eligibility. Types of insurance plans include fee-for-service plans, PPOS, HMOs and Catastrophic insuranceMany companies offer health insurance for individuals and specialize in short-term coverage to fill in between employer coverage.National Health insuranceThe federal Government also has health insurance programs for those who are eligible. Medicare is health insurance for people age 65 or older, those who are under age 65 with certain disabilities, and people of all ages with end-stage renal disease (those with permanent kidney failure requiring dialysis or a Kidney transplant). Medicare includes hospital insurance (Part A), medical insurance (Part B) and prescription drug coverage (Part D).Medicaid is a state-administered health insurance program available to certain low-income individuals and families who fit into a recognized eligibility group. You must meet very specific requirements and considerations that include age, pregnancy, disability, blindness, income, resources, and U.S. citizenship or a lawfully admitted immigrant.These rules can vary from state to state.If a family earns too much to qualify for Medicaid, they may still qualify for State Children's Health Insurance (SCHIP). Another state-administered program, SCHIP covers uninsured children under the age of 19 whose families earn up to $36,200 a year (for a family of four). For little or no cost, SCHIP pays for doctor visits, immunisations, hospitalisations and emergency room visits.Commercial insurance companies:Right from the start of the campaigning trump has attacked obamacare for its inefficiency.Health insurance soon became a vital aspect of the elections.People of US even potraited the clash as “Obama care Vs Trump care”lets look on to what trump has to say about this.“We’re going to have insurance for everybody.”-President Donald TrumpHe mainly emphasised on the point of universal coverage.As on date if we look at the top commercial insurance companies in terms of market Cap are:United Healthcare (UNH)$91.8 billionWellpoint (WLP)$34.3 billionAetna (AET)$29.8 billionCIGNA Corp. (CI)$26.8 billionHumana (HUM)$21.1 billionHumana is one of the largest and best-known health insurance companies in the United States. It offers health care services for individuals, business owners and military personnel.Best for Heads of families, senior citizens, employeesAetna has been providing health insurance to Connecticut residents since 1853, and today covers people in all 50 states. It is a pioneer in health care legislation and is responsible for making coverage of genetic testing and counseling an industry standard.Best for Heads of families, senior citizensUnited Health Care is the largest single health care carrier in the United States. It currently covers approximately 70 million Americans and contributes large amounts of money to medical research every year.Best for Senior citizens, heads of families, employeesCigna is a worldwide health insurance organization that covers individuals, families and employers. It has been in business for over 30 years.Best for StudentsAs of now it would not be possible to predict the result with accuracy because of the following reasons;1.Insurance business is regulated. No one knows what president will come up with2.The profits are low when compared to other businesses3.A recent survey has people have put the fact that employees are spending a growing share of their income on health insurance costs which means insurance costs are directly proportionate to income growthFinally to conclude with,it’s the point of universal coverage which is emphasised by the president so the insurers with the “most coverage expansion” is expected to grow and make more operating profits under the presidency of Mr.Donald Trump.