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15+ min ago (843+ words) Home " GST Removed on Health and Life Insurance: What It Means for You Why this decision matters Until now, policyholders paid an additional 18 per cent GST on their premiums. For example, a policy with a base premium of Rs. 20,000 would cost Rs. 23,600 after tax. From September 22, the same policy will cost only Rs. 20,000, directly lowering out-of-pocket expenses. HSBC's analysis suggests that the overall cost reduction could be around 15 per cent, depending on the insurer and policy type. This decision not only brings financial relief but also encourages more families to invest in comprehensive health protection. With healthcare costs rising, removing GST from insurance premiums ensures that coverage becomes affordable for every income group. A step toward universal coverage Union Finance Minister Nirmala Sitharaman stated that the GST waiver aims to support citizens seeking medical and life insurance, especially those buying…...

1+ hour, 7+ min ago (748+ words) ByAnthony T. Lo Sasso, To understand today's debate, it is helpful to revisit how the ACA subsidy structure was originally designed " and how it changed during the pandemic, and what can be done to stabilize it for the future. The ACA's premium tax credits were built around an income-based formula. Households purchasing a benchmark silver plan were expected to contribute a fixed percentage of their income, with federal subsidies covering the difference. This design targeted assistance toward lower- and middle-income households and restricted eligibility to those below 400 percent of the federal poverty level. In practice, this approach had several implications. Second, the system made it difficult for consumers to see or understand the value of the subsidy. The financial support went directly to insurers, and choosing a lower-cost plan did not generate any financial benefit for the enrollee. Whether someone selected…...

1+ hour, 47+ min ago (836+ words) This summary was written by the reporters and editors who worked on this story." (Capitol News Illinois) " Recent cuts by President Donald Trump's administration could reduce the size of Illinois' economy by nearly $10 billion each year, according to a new report released Monday by the Illinois Economic Policy Institute." The report offers a detailed looked at the effects of cuts enacted by Trump through executive order or legislation, directives by federal agency leaders or through Elon Musk's so-called "Department of Government Efficiency." It also sheds light on how many jobs will not come to fruition because of the cuts." Researchers at the organized labor-tied think tank also painted a sobering picture for state lawmakers who are tasked with mitigating the effects of the funding cuts." "The depth of economic reductions and jobs losses caused by federal actions cannot be mitigated…...

1+ hour, 51+ min ago (879+ words) President Trump is obviously angered by inflation in health insurance, calling carriers "money sucking." Major benefit consultants including Aon and WTW are forecasting employer costs for providing coverage in 2026 will rise from 9.5% to 10.3%. Economists worry working Americans suffer wage stagnation in a growing economy because higher premiums force employers to shift the costs of coverage to employees via higher deductibles and out-of-pocket payments. This presents a smoldering political problem for the president as Zohran Mamdani's win in New York City suggests "affordability" could become the watchword of a Democratic Socialist midterm success. The recent government shutdown was all about the affordability of health insurance. The 15-year effort to make ObamaCare America's version of national health insurance, the left's goal since FDR refused to put universal coverage in the 1935 Social Security Act, was exposed by its impact on the nation's deficit....

2+ hour, 23+ min ago (182+ words) Iowa's Achieving a Better Life Experience plan allows individuals with disabilities and their support systems to save for qualified expenses while preserving essential benefits. DES MOINES, Iowa " State Treasurer Roby Smith is encouraging contributions to IAble accounts this holiday season as a meaningful gift that supports financial independence for people with disabilities. "As the holiday season approaches, many of us are thinking about how to give meaningful gifts," said Treasurer Smith. "Contributing to an IAble account is a powerful way to support independence for people who have a disability. In addition, it's a gift that can make a lasting difference well beyond the holiday season." IAble, Iowa's Achieving a Better Life Experience plan, allows individuals with disabilities and their support systems to save for qualified expenses while preserving essential benefits. Contributions to IAble accounts are deductible up to $5,800 from state…...

2+ hour, 57+ min ago (256+ words) Medical insurance in India now offers a wide variety of options, including individual health insurance, family floater plans, senior citizen plans, and even specialised covers for critical illnesses or maternity care. Comprehensive Scope of Coverage In addition, many policies now offer extra benefits such as maternity and newborn cover, vaccination coverage for children, organ donor expenses, domiciliary hospitalisation (home care), and preventive health check-ups. These additions recognise that good health management extends beyond emergencies to include prevention, diagnosis, and wellness support. Major Types of Health Insurance Plans in India Family Floater Health Insurance Senior Citizen Health Insurance Why Health Insurance Matters in India Some key areas of financial protection through health insurance include: Choosing the Right Health Insurance Plan in 2025 Selecting the right health insurance policy requires more than just comparing premiums. The ideal plan should align with your family's…...

3+ hour, 24+ min ago (336+ words) The insurer continues to try to prove that regulators acted arbitrarily in downgrading its quality scores for 2025, despite numerous setbacks in the courts to date. Humana prepared its MA plans for 2026 assuming that it wouldn't win the star ratings suit. Still, the insurer refuses to let the effort die despite significant setbacks in court. Humana filed its first lawsuit roughly one year ago over a 3.5 star rating that the payer received for one call center's performance after the CMS determined that three interpreter availability test calls were unsuccessful. The insurer argued that the decisions were arbitrary and capricious because the CMS didn't allow its center to call back. The Texas Northern District court dismissed Humana's initial suit'in July because the insurer failed to exhaust its administrative appeal with the CMS. After the CMS declined to change its ratings,'Humana refiled…...

3+ hour, 37+ min ago (224+ words) ICICI Prudential Life Insurance has reported a claim settlement ratio of 99.33 per cent for the first half of FY2026, positioning itself as the leader among major life insurers in India. The company settled death claims worth "893.38 crore during this period. The insurer achieved an average turnaround time of 1.1 days for non-investigated claims. Under its "Claim for Sure" initiative, which promises settlement of eligible claims within one day of document submission, the company processed death claims totalling "157.25 crore in H1FY26. The company had previously recorded a 99.60 per cent claim settlement ratio in Q1FY26, maintaining its position at the top of the industry rankings. Amish Banker, Chief Operations Officer at ICICI Prudential Life Insurance, attributed the performance to the company's customer-focused approach and digital infrastructure. The company offers multiple channels for claim lodging and tracking, including a mobile app, WhatsApp, chatbot and website. The high…...

4+ hour, 35+ min ago (798+ words) Recent cuts by President Donald Trump's administration could reduce the size of Illinois' economy by nearly $10 billion each year, according to a new report released Monday by the Illinois Economic Policy Institute. The report offers a detailed looked at the effects of cuts enacted by Trump through executive order or legislation, directives by federal agency leaders or through Elon Musk's so-called "Department of Government Efficiency." It also sheds light on how many jobs will not come to fruition because of the cuts. Researchers at the organized labor-tied think tank also painted a sobering picture for state lawmakers who are tasked with mitigating the effects of the funding cuts. "The depth of economic reductions and jobs losses caused by federal actions cannot be mitigated by expenditure reductions at the state and local levels," researchers Frank Manzo and Robert Bruno wrote in…...

4+ hour, 59+ min ago (367+ words) Also Read | Vijay Mallya, Nirav Modi Among 15 Persons Declared Fugitive Economic Offenders for Bank Frauds, Says MoS Pankaj Chaudhary. But the either-or mindset does not always work, especially in financial planning. Sometimes, both options bring unique value to the table, just like term insurance and investments do. Each serves an entirely different purpose, and together, they contribute to your long-term financial health.Let's break down why both term life insurance and investment matter when you are building wealth. How does term insurance help in wealth building? Also Read | Mumbai: Andhra Pradesh Woman Dies After Getting Trapped in Platform Gap at Dadar Railway Station While Trying To Get Down From Moving Express Train. 2. Affordability: A term life insurance plan is one of the most cost-effective financial tools you can buy. You pay a small premium monthly, quarterly, half-yearly or annually, and…...