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Tag: insurance

  • Peak3 and EaZy Digital partner to digitalise insurance sector in Thailand

    AI-based software solutions provider Peak3 has joined forces with EaZy Digital to enable digital transformation in the Thai insurance market.

    The agreement is set to support insurers and intermediaries in Thailand through an integrated digital framework.

    This will link core policy administration with distribution functions, aiming to improve operational processes and data flow across insurance activities.

    Peak3’s core platform is cloud-based and designed for scalability, supporting insurance operations from underwriting to claims handling.

    EaZy Digital will contribute its expertise in front-end tools that address distribution, commission management and tracking sales performance.

    EaZy Digital founder and CEO Harprem Doowa said: “We see tremendous potential in connecting the intelligence of Peak3’s core systems with the agility of EaZy Digital’s distribution solutions.

    “Together, we can help insurers unlock new levels of transparency, efficiency and innovation in how they operate and engage their customers.”

    The combined offering is aimed at enabling insurers to connect their core functions and distribution channels, facilitating real-time data transfer from underwriting through to commission payments.

    It is also intended to allow insurers to adapt compensation models more flexibly, gain insights into sales performance, and improve user experiences for both agents and customers through a connected digital framework.

    Another stated goal is to reduce the time needed to bring new insurance products to market by streamlining operations.

    The collaboration between the two companies began with a project in Vietnam, where EaZy Digital’s platform was used alongside Peak3’s core Graphene system.

    Through this partnership, Peak3 will expand its presence in Asian markets while working on new developments in digital insurance.

    Peak3 APAC commercial head Arun Sangwan said: “By combining our intelligent insurance core platform with EaZy Digital’s distribution capabilities, we are helping insurers transform not just how they operate but how they grow.

    “This partnership reinforces our commitment to supporting the Thailand insurance industry with adaptable, data-driven digital solutions.”

    “Peak3 and EaZy Digital partner to digitalise insurance sector in Thailand ” was originally created and published by Life Insurance International, a GlobalData owned brand.

     


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  • Will your travel insurance cover U.S. flight chaos? – MoneySense

    Hundreds of thousands of Canadians fly to and from the U.S. each month. Those who purchased cancellation insurance before the government shutdown was announced as a travel advisory should be eligible for compensation, said Marty Firestone, president of Toronto-based insurance firm Travel Secure Inc. “After that date, any purchase of a policy will not cover anything related to the government shutdown or related air controller issues,” he said.

    That means travellers who bought a policy more recently or held off entirely may be out of luck for meal, hotel and transport coverage—though the airline would still owe them a rebooking or a refund for the cancelled trip.

    Featured travel credit cards

    “The key here for this specific situation is having insurance in place before the advisory went in place, because now it’s considered a ‘known event,’” said Matt Hands, vice-president of insurance at Ratehub. In the insurance world, a known event is a foreseeable one, which is thus excluded from coverage.

    Some credit cards offer travel insurance that includes flight cancellation or interruption coverage. But consumers should still review their terms and conditions to confirm what is covered, said Hands. For example, the insurance may only apply if the trip was booked using that card.

    U.S. flight controller shortage leads to Canadian cancellations

    American flight controller shortages stemming from the federal shutdown prompted U.S. regulators to order air traffic reductions starting last Friday. Since then, wintry weather across parts of the continent has exacerbated the staffing disruptions.

    Several Canadian airlines told The Canadian Press last week that passengers could be affected, particularly those with connecting flights in the United States. Even direct cross-border routes between major hubs have been hit. Air Canada informed passengers booked on a flight from New York City to Toronto on Monday that the evening trip was “cancelled because of air traffic control restrictions.”

    “Air traffic control restrictions can happen if there are too many aircraft sharing the same airspace,” read the email sent to customers and obtained by The Canadian Press.

    FAA warns flight delays could persist

    The average cancellation rate over the last few days has already exceeded the U.S. Federal Aviation Administration requirement of 4%—a figure that was set to rise to 6% Tuesday and 10% this Friday—according to Cirium.

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    The FAA warned Monday that staffing at more than a dozen towers and control centers could delay planes departing for Phoenix, San Diego, the New York area, and Houston, among other cities. The agency also expanded its flight restrictions Monday, barring business jets and many private flights from using a dozen airports already under commercial flight limits.

    The U.S. Senate passed legislation Monday to reopen the government, but the bill still needs to clear the legislature’s lower house and final passage could be days away—with further flight disruptions possible through the rest of the month.

    “It’s going to take a good one week to 10 days, if not two weeks, which is going to lead into that Thanksgiving period when it’s their busiest day of travel,” Firestone said. “This has an effect on so many people, including Canadians who are travelling for business and can’t run the risk of getting stuck in New York for two or three days because of this shutdown. It’s a domino effect.”

    U.S. Transportation Secretary Sean Duffy made clear last week that flight cuts will remain until the FAA sees staffing levels stabilize at its air traffic control facilities.

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  • Denver-area dentists are upselling invasive cleanings, PDS Health patients allege

    When a dentist at Lakewood Modern Dentistry told Hailey Hernandez she needed a deep cleaning, a root canal and a crown to treat extensive gum disease and other problems, alarm bells went off in her head.

    “I knew that I was taking care of my teeth and there’s no way I have gum disease,” she said.

    Her old dentist in Arizona said she was right when she went back for a second opinion, the Golden resident said. Her suspicions rose further when two friends told her they also received gum disease diagnoses from Lakewood Modern Dentistry and were told they’d need deep cleanings, root canals and crowns.

    “There’s no way,” she said. “It just does not sound right at all.”

    One of those friends, Avery Huffer, said she, too, had been surprised to hear she needed such extensive treatment, but went forward with it. When she returned about a year later, the Englewood resident learned she’d need deep cleanings every three months, plus more root canals and crowns — on teeth that weren’t the ones giving her pain.

    Huffer said she decided not to undergo the additional treatment after speaking with coworkers who were told they needed the same procedure.

    “Is that just their baseline diagnosis?” Huffer said she wondered.

    Lakewood Modern Dentistry is one of more than 50 offices in the Denver area affiliated with PDS Health, a Nevada-based practice-management company working with dentists in 16 states. While each practice has independent ownership, they have nearly identical websites, with the same broad-smiling woman on the home page and the same pitch for financing up to $75,000 in dental work, subject to credit approval.

    The majority of the practices also share a perception among some former patients that dentists and staff exaggerated their oral health problems and recommended unnecessarily invasive treatments. Of the 53 affiliated practices in the Denver area, 40 had online reviews in the last three years alleging their dentists had told patients they needed extensive work, such as deep cleanings or root canals, when they believed a less-invasive alternative would suffice.

    The Denver Post spoke to six patients, including Hernandez and Huffer, who said PDS-affiliated practices pushed them to pay out-of-pocket for deep cleanings and other invasive work they believe they didn’t need. The five who sought second opinions said they were told their mouths were largely healthy.

    While the patients who spoke to The Post believed their dentists were upselling them to make more money, the lack of standardization in dentistry creates challenges in trying to parse why two providers might have dramatically different recommendations, experts said.

    With no clear professional standards and limited pushback from insurers on unnecessary procedures, patients are largely on their own to sort out if a practice is upselling them, said Beth Mertz, a professor at the University of California, San Francisco’s School of Dentistry. They should get a second opinion if a diagnosis and treatment plan seem off, she said.

    “Dentistry is still the Wild West,” she said. “The whole system is not set up to serve the public particularly well.”

    PDS Health spokeswoman Ellen Driscoll said the company provides non-clinical support services to independent dental offices, whose owners make treatment decisions based on their patients’ needs. Dentists have a long-standing debate about how best to treat gum disease, which is common and underdiagnosed, she said.

    Lakewood Modern Dentistry said it uses advanced technology to detect gum disease early, catching problems other dentists might miss.

    “Periodontal disease is both widespread and often missed in its early stages,” the practice said in a statement. “Our team follows national clinical standards and is committed to preventive care.”

    Dentists can have good-faith differences of opinion about how aggressively they should manage common conditions such as gum disease, which can cause inflammation that leads to other health problems, said Dr. Brett Kessler, former president of the American Dental Association. Patients need to find a provider whose views are a match for theirs, he said.

    “How the patient is treated depends on the patient’s goals and the provider’s philosophy, and how they weigh together,” he said.

    Differences in philosophy and training explain some of the gap in what dentists recommend, but the profit motive is a factor, too, Mertz said. “Secret shopper” studies have shown dentists give radically different recommendations if a person’s dress and demeanor signal they can afford expensive care, she said.

    “Because dental insurance pays more based on what you do, providers are incentivized to do more,” she said.

    Pricey deep-gum cleaning

    Most dental insurance covers two routine cleanings each year, though plans vary in how much they contribute toward deep cleaning and other treatment.

    Michael Gitomer, of Denver, said the finance person at Edgewater Modern Dentistry and Orthodontics told him he would have to pay $1,000 to $1,500 out-of-pocket for deep cleaning and a crown.

    Deep-gum cleaning, also known as scaling and root planing, involves removing plaque beneath the gum line in the same way that dental hygienists scrape it off the visible part of the tooth during a routine cleaning. In some cases, dentists also give antibiotics to help root out bacteria that cause gum disease.

    Gitomer had expected only a $30 co-pay that day, so he asked for a routine cleaning while he considered his options.

    “They were refusing to give me a regular cleaning unless I paid for all these other things,” he said, though they relented after he “gave them a pretty hard time about it.”

    His previous dentist didn’t see any need for invasive work, but recommended flossing more often.

    Edgewater Modern Dentistry said it strives to earn patients’ trust through “clear communication and honest assessments.”

    “Periodontal disease often advances without pain, which is why we focus on early identification and informed care. Our clinicians are here to listen, explain, and help patients make confident decisions about their oral health,” the practice said in a statement.

    Duke Harten, of Denver, said he had a similar experience at City Park Dental Group and Orthodontics: The dentist told him he had serious gum disease and needed deep cleanings every three months, which his insurance wouldn’t cover. He was suspicious because his previous dentist never identified any problems, and he looked up the office’s reviews, which seemed to suggest a pattern.

    A dentist he saw for a second opinion said his gums were healthy, Harten said, and even his records at City Park Dental seemed to contradict the idea that he needed extensive care, saying he had “good oral hygiene” and “no problems noted.”

    City Park Dental said in a statement that it is committed to clear communication with patients and adheres to best practices for treatment.

    “When it comes to conditions like periodontal disease, timing and technology can affect what a provider sees, and how they choose to respond. While care approaches may vary between dentists, our goal is always the same: to help patients stay ahead of disease and maintain their long-term health,” the practice’s statement said.

    ‘They said I needed all this work’

    Samantha Nuyen, of Denver, said Highlands Dentists didn’t identify any problems with her mouth on her first two visits, but told her she had multiple cracked teeth on the third. The dentist she saw for a second opinion didn’t find any cracks or other major concerns, she said.

    When she told her provider at Highlands Dentists about the second opinion, they didn’t offer any explanation for the discrepancy or defend their recommendation, Nuyen said.

    “They said I needed all this work that I didn’t need,” she said.

    Highlands Dentists said oral health is deeply connected to the rest of the body’s well-being and it is treated early to prevent bigger problems.

    Meg Wingerter

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  • Commentary: Democrats crumble like cookies. Is this really the best they can do?

    Democrats just crumbled like soft-bake cookies.

    The so-called resistance party has given up the shutdown fight, ensuring that millions of Americans will face Republican-created skyrocketing healthcare costs, and millions more will bury any hope that the minority party will find the substance and leadership to run a viable defense against President Trump.

    Sunday night, eight turncoat Democrats sold out every American who pays for their own health insurance through the affordable marketplaces set up by President Obama.

    As has been thoroughly reported in past weeks, Republicans are dead set on making sure that insurance is entirely out of financial reach for many Americans by refusing to help them pay for the premiums with subsidies that are part of current law, offered to both low- and middle-income families.

    Republicans — for reasons hard to fathom other than they hate Obama, and apparently basics such as flu shots — have long desired to kill the Affordable Care Act and now are on the brink of doing so, in spirit if not actuality, thanks to Democrats.

    Trump must be doing his old-man jig in the Oval Office.

    The pain this craven cave-in will cause is already evident. Rates for 2026 without the government subsidies have been announced, and premiums have doubled on average, according to nonpartisan health policy researcher KFF. Doubled.

    Insurance companies are planning on raising their rates by about 18%, already devastating and symptomatic of the need for a total overhaul of our messed-up system. That increase, coupled with the loss of the subsidies beginning at the start of next year, means a 114% jump in costs for the folks dependent on this insurance. Premiums that cost on average $888 in 2025 will jump to $1,904 in 2026, according to KFF.

    But it’s the middle-income people who will really be hit.

    “On average, a 60-year-old couple making $85,000 … would see yearly premium payments rise by over $22,600 in 2026,” KFF warns, meaning that instead of paying 8.5% of their income toward health insurance, it will now jump to about 25%.

    Merry Christmas, America.

    Although the eight Democrats who broke from their party to allow this to happen are directly responsible (thankfully our California senators are not among them), Democratic leadership should also be held accountable.

    A party that can’t keep itself together on the really big votes isn’t a party. It’s a bunch of people who occasionally have lunch together. Literally, they had one job: Stick together.

    The failure of Democratic leadership to make sure its Senate votes didn’t shatter in this intense moment isn’t just shameful, it’s depressing. For all of the condemnation of the Republican members of Congress for failing to uphold their duty to be a check on the power of the presidency, here’s the opposition party rolling over belly up on the pivotal issue of healthcare.

    As Rep. Ro Khanna (D-Fremont) put it on social media, “Senator Schumer is no longer effective and should be replaced. If you can’t lead the fight to stop healthcare premiums from skyrocketing for Americans, what will you fight for?”

    If the recent elections had any lessons in them, it’s that Democrats — and voters in general — want courage. Love or hate Zohran Mamdani, his win as New York City mayor was due in no small part to his daring to forge his own path. Ditto on Gov. Gavin Newsom and Proposition 50.

    Mamdani put that sentiment best in his victory speech, promising an age when people can “expect from their leaders a bold vision of what we will achieve, rather than a list of excuses for what we are too timid to attempt.”

    Before you start angry-emailing me, yes, I do understand how much pain the shutdown in causing, especially for furloughed workers and people facing disruptions in their SNAP benefits. I feel for every person who doesn’t know how they will pay their bills.

    But here are the facts that we can’t forget. Republicans have purposefully made that pain intense in order to break Democrats. Trump has found ways to pay his deportation agents, while simultaneously not paying critical workers such as airport screeners and air traffic controllers, where the chaos created by their absence is both visible and disruptive. He has also threatened to not give back pay to some of those folks when this does end.

    And on the give-in-or-don’t-eat front, he’s actually been ordered by courts to pay those Supplemental Nutrition Assistance Program benefits and is fighting it. Republicans could easily band together and demand that money goes out while the rest is hashed out, but they don’t want to. They want people to go hungry so that Democrats will break, and it worked.

    But at what cost?

    About 24 million people will be hit by these premium increases, leaving up to 4 million unable to keep their insurance. Unable to go to the doctor for routine care. Unable to pay for cancer treatments. Unable to have that lump, that pain, the broken bone looked at. Unable to get their kid a flu shot.

    In many ways, this isn’t a California problem. The majority of these folks are in Southern, Republican states that refused to expand Medicaid when they had the chance. About 6 in 10 subsidy recipients are represented by Republicans, according to KFF, led by those living in Florida, Georgia and Mississippi. But Americans have been clear that we want access to care for all of us, as a right, not an expensive privilege.

    Which makes it all the more mystifying that Democrats are so eager to give up, on an issue that unites voters across parties, across demographics, across our seemingly endless divides.

    But I guess that’s just how the cookie crumbles.

    Anita Chabria

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  • BBB issues warning about Denver company after complaints about billing fraud

    The Better Business Bureau issued a warning that a Denver business might be defrauding Medicare and its customers.

    The BBB’s advisory, posted Oct. 27, reported that the organization received complaints from two people who said they received bills from Centennial Medical Supplies for products they never ordered or received.

    Since Sept. 15, 31 people left reviews on the BBB’s website alleging that Centennial Medical Supplies billed their insurance for products they never ordered. Those who specified the products said the company charged them and their insurance for catheter supplies they didn’t need or receive.

    The true number of fraudulent claims may be higher, since not everyone looks at their insurance statements carefully, particularly if Medicare and their secondary plan covered the full costs, said Cameron Nakashima, digital campaigns manager at the BBB.

    “Scammers are hedging their bets on people not checking their statements,” he said.

    Someone responding to Centennial Medical Supplies’ email, who didn’t give a name, said they would look into any cases of improper billing if they received the patients’ information. The BBB previously reported that the company didn’t respond to its attempts to resolve customer complaints.

    “Thank you for bringing this to our attention. There appears to have been a mistake,” the email said.

    Two people were working at an office listed as the company’s address in south Denver. The one who answered the door said she was hired to “manage the mail” and didn’t know anything about Centennial Medical Supplies’ operations. The office had only one desk, and nothing suggested that other people typically worked there.

    The BBB’s research suggests a previous owner was less than diligent when deciding who to sell his medical supply company to, Nakashima said.

    “It was a legitimate business at one point, as far as we can tell,” he said.

    Billing for medical equipment has become a significant source of income for scammers. Generally, people committing fraud obtain legitimate beneficiaries’ Medicare numbers and other insurance information, and use that to file what look like real claims for catheters or other items. Insurance generally covers the claims, with the person whose information was stolen finding out only if they receive a bill.

    In June, the federal government announced charges against 324 people allegedly responsible for $14.6 billion in fraudulent charges to Medicare for catheters and other medical equipment.

    Billing to Medicare for urinary catheters increased tenfold from the start of 2022 to the end of 2023, with seven companies that had recently changed hands driving most of the increase, according to The Washington Post. A trade group representing insurers estimated Medicare may have wrongfully paid out about $2.8 billion over two years.

    Federal investigators also announced arrests in similar scams involving back and knee braces in 2019 and COVID-19 tests in 2023.

    Meg Wingerter

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  • The biggest car insurance myths, according to experts – MoneySense

    There are several reasons why insurance myths exist, said Steven Harris, licensed insurance broker and LowestRates.ca expert. “(Insurance contracts) are written in legal terms and it doesn’t always translate into everyday language,”  he said. “There can be a little barrier there.” 

    Harris said people also often assume they’ll be covered against various damages or liabilities, but don’t necessarily know or understand exactly what’s in the policy. A lot of people draw upon personal experiences of friends and family and make decisions based on that, he added.

    Here are some of the most common myths.

    Red vehicles cost more to insure

    The most common question Harris said he comes across is whether owning a red car costs more to insure. The reasons underpinning the misconception are broad, including a red car could make you more noticeable to police, the driver could be more prone to speeding or careless driving or that the colour elicits a negative psychological response from other drivers.

    “There is no meaningful data or correlation to your vehicle colour,”  Harris said. “If your car is a vibrant yellow or a hot red, it’s not going to increase the likelihood that you’ll incur a loss in the form of a collision or even a theft.” 

    Instead, insurers often rely on data such as the make and year of the car and the driver’s track record to determine the insurance rate, he said.

    Comprehensive coverage means full coverage

    Comprehensive coverage insures you against non-collision-related damages only, such as fire, theft, hail, or water damage. It may not include collision insurance. Full coverage encompasses both collision and non-collision damages. “If you only have comprehensive coverage, that means you’re missing the collision piece of coverage,” Harris said.

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    Your personal policy covers ride-share driving

    Rideshare apps such as Uber and Lyft offer a master policy to drivers for the duration the car is being used for business, said Anne Marie Thomas, director of consumer and industry relations at the Insurance Bureau Canada. However, drivers need to understand which insurance applies in which situation.

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    “If I am just driving to the grocery store with my car, my own personal car insurance kicks in if I get in an accident,” she said. “If I’m a rideshare driver and have activated the app, that’s when the ride-share policy kicks in.”

    Thomas said it’s important to notify your personal auto insurance provider if you’re going to be using your vehicle for business.

    Moving homes doesn’t affect auto insurance rates

    Morgan Roberts, vice-president at RH Insurance, said people often assume moving homes won’t impact their insurance rate, but it does.

    “Even if you move next door and it just happens to change the postal code, it can affect your rates positively or negatively,” she said. That’s because insurance companies rate risk based on territories and postal codes, which could increase or decrease your premiums. 

    Auto insurance will automatically rise when you make a claim

    It depends on the type of claim, according to Harris. If the driver is at fault, the premium would likely go up. If it’s not the driver’s fault, the rate would typically remain unchanged.

    Comprehensive claims, such as fire or hail damage, also don’t affect the insurance cost, he said. “But like anything, you want to be mindful of how many claims you have,” Harris said.

    Parking tickets increase insurance premiums

    Morgan said people assume that since it’s a ticket, it will affect the insurance premium, but it doesn’t. “It’s just an expensive thing to happen because you still have to pay those tickets,” she said.

    Similarly, a speed camera ticket doesn’t affect your insurance rate, but if a police officer pulls over a driver, it will affect the insurance rate, she said.

    The Canadian Press

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  • What to know about ACA ‘phantom enrollees’ GOP talking point

    The idea that Affordable Care Act marketplaces are riddled with fraud has become a major talking point among Republicans, as lawmakers in Congress argue about whether to extend the enhanced tax credits that are helping offset the cost of health care marketplace coverage for low- and middle-income people. Those ACA subsidies expire at the end of the year and have become a flash point in the government funding showdown.

    “The tax credits go to some people deservedly. And we think the tax credits actually go to a lot of waste and fraud within the insurance industry,” said Vice President JD Vance during a recent interview on CBS News. “We want to make sure that the tax credits go to the people who need them.”

    Key to the Republican argument of widespread fraud is a report published in August by the Paragon Health Institute, a Republican-aligned think tank. The report focuses on “phantom enrollees” in the ACA marketplaces.

    Paragon president Brian Blase said these “phantom enrollees,” who don’t use any medical care in a year, exceed the percentages of “what you would expect in a normal, functioning health insurance market.”

    Blase and his team say they have quantified the percentage of zero-claim enrollees in the ACA marketplace by analyzing Centers for Medicare & Medicaid Services data released in August.

    This highlights one of the central issues with the CMS data: It tracks the number of plan enrollments rather than individual enrollees.

    The federal data that Paragon analyzed could count enrollees twice if they’ve switched plans during the year, said Cynthia Cox, a vice president and the director of the Program on the ACA at KFF, a health information nonprofit that includes KFF Health News.

    Per that data, in 2021, the percentage of enrollments without any medical claims was 19%. That percentage jumped to 35% in 2024.

    To Blase and Paragon, this increase in zero-claim enrollments is evidence of fraud. It indicates, they say, that rogue insurance brokers are signing up people who don’t exist, don’t qualify, or have other insurance and don’t need ACA coverage.

    “Basically, what happened is you had insurers benefit, brokers benefit financially, and just massive numbers of people got put on the program,” Blase said. That’s where these phantoms come in. “They have no idea that they’re enrolled, and, as such, they use no medical care.”

    In 2021, former President Joe Biden signed into law the American Rescue Plan Act, which included enhanced ACA subsidies that made plans available at low or no cost to certain low-income individuals and expanded eligibility for subsidies to some middle-income people. Those credits were extended through 2025 as part of the Inflation Reduction Act, signed in 2022.

    News stories show how simple it could be for insurance brokers in certain states to sign people up for zero-cost ACA insurance plans, unbeknownst to the consumers. The Department of Health and Human Services has tried to crack down on those fraudulent practices.

    But health policy experts and analysts have cautioned against reading too deeply into the numbers of zero-claim enrollees.

    “It’s not that he’s wrong, but I think he’s overinterpreting,” said Michael Cannon, director of health policy studies at the libertarian Cato Institute, of Blase’s analysis.

    Cox said there’s evidence that plan-switching has increased, due in part to extended open enrollment periods. Increased plan-switching could make the number of people being double-counted higher in the federal data and increase the percentage of zero-claim enrollees over the years. Some enrollees also may have been on an ACA plan for only part of the year, which would make them less likely to make a claim.

    “We’re not trying to argue there is no fraud. It’s a real thing. But the question is, how big of a scale is this problem?” Cox said. “Just suggesting that anyone who’s not using health care is a fraudulent enrollee — that’s not true. Plenty of people don’t use health care.”

    It’s not uncommon for healthy people in an insurance marketplace not to use their insurance in a given year, according to health policy experts. And with the enhanced ACA subsidies, more people signed up for marketplace coverage. Enrollment data shows that it made the marketplace population younger, and younger enrollees may be less likely to use their insurance. A recent report found that each year from 2018 to 2022, an average of 23% of enrollees in employer-sponsored plans didn’t use their health insurance.

    “Somehow the idea that people not using health insurance is some sort of a problem — it might be. But in principle it isn’t,” said Joseph Antos, a health policy expert and senior fellow emeritus at the right-leaning American Enterprise Institute. “The point is that for insurance to work, you need some people who are not making claims on the insurance.”

    The main trade associations for insurers and hospitals, AHIP and the American Hospital Association, have also disputed Paragon’s characterization of the federal data and even published blog posts breaking down their arguments. AHIP pushed back on the idea that the insurance industry is profiting from the enhanced subsidies by stating that existing law caps health plan profits.

    Paragon was started by Blase in 2021 and has become widely influential in Republican health policy circles. Alumni of the organization are staffers in the Trump administration and in House Speaker Mike Johnson’s office, so it follows that the group’s takeaways would become Republican talking points.

    It’s also not new for the GOP to say that government programs are full of fraud. During the negotiations over the One Big Beautiful Bill, Republican lawmakers insisted Medicaid wouldn’t be cut to pay for the tax cuts, but that “waste, fraud, and abuse” in the health program would be eliminated.

    Now, the ACA is center stage in the ongoing federal government shutdown, with Democrats pushing for Congress to extend the current ACA subsidies, which are set to expire at the end of the year. And fraud, again, is a centerpiece of the argument for Republicans. Democrats take a different view on the amount of fraud in the program, instead emphasizing how the subsidies’ expiration will increase insurance premiums.

    “It’s become a boondoggle. It’s a subsidy for insurance companies,” Speaker Johnson said of the ACA subsidies at a shutdown press conference last week. “When you subsidize the health care system, and you pay insurance companies more, the prices increase. That’s been the problem.”

    KFF Health News senior correspondent Julie Appleby contributed to this report.

    This article first appeared on KFF Health News.

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  • Why Leaders and Workers Think Differently About Workplace Safety Risks

    Workplace safety is very much in the news at the moment, thanks to reports about “bad doors” and weak ergonomic design in workspaces, the threat of heat-related injuries at work, and AI’s role in boosting safety on the job. But a new study sheds a different and slightly worrying light on the topic, which may cause you to rethink your workplace safety and education programs. The report, from Colorado-based small business insurer Pie Insurance, shows that there are wide gaps between what employers think about certain key safety issues, and how their employees view those same risks.

    The insurer noted in its 2025 Small Business Employee Voice on Workplace Safety Report that both staff and leaders agree that around half of all workplace injuries can be prevented. Still, more than two-thirds of employee respondents said they remain concerned about safety at work, industry news site InsuranceBusinessMag notes. Fully 58 percent have actually witnessed workplace injuries happening in the last year, and 43 percent say they’ve sometimes felt pressured by their companies to work in conditions that were actually unsafe. This may be a “it’s an emergency get it done, we need this now,” leadership mentality, or it may be a sign of deeper disregard for safety matters — but the fact that over four in 10 of all workers surveyed feel like this is concerning.

    One main area where employees and workers disagree on workplace safety is mental health. Pie’s report says that mental health has become the leading workplace safety worry among workers: 32 percent of those surveyed identified it as the top issue. This may surprise some, since “safety” has been traditionally a word connected with physical injury risks — Pie’s survey supports this, with 20 percent of respondents calling it their top concern, while 9 percent rated environmental issues at the top and 4 percent chose equipment safety. 

    Where workers and employers disagree is shown most clearly in how each group envisions support systems for mental health issues. Fully 91 percent of employers say they’re confident about support, but just 62 percent of employees agree. The matter is of serious concern to workers, though, with 36 percent saying that work stresses carry over to impact their personal lives, affecting their motivation, anxieties and sleep.

    Pie’s study also found a disconnect between how employees feel about reporting safety issues — 17 percent of respondents said they didn’t feel comfortable doing it. Of these people, over one in three feel this way because they worry their company will retaliate, a third feel like it would make them seem like a “difficult” worker, and 31 percent simply don’t report because they feel like it would result in zero mitigation actions by their employer. 

    Another gap exists over training on workplace safety, with 63 percent of surveyed employers saying they offer properly formatted training, but just 29 percent of workers say they get regular safety training and fully 28 percent said they’ve never had any.

    What’s your big takeaway from this? You may, after all, think that you’re properly in tune with your workers when it comes to safety, and there may even be a pretty large number posted next to that “days since last accident:” sign.

    The fact is that you and your staff may not be singing from the same sheet music. Pie’s data suggests that gaps between employee and employer attitudes are much more common than you think.

    InsuranceBusinessMag points out another issue that may arise from this disconnect: data show smaller and medium-size companies are “increasingly expanding into higher-risk work to remain profitable.” As they do this, workplace safety risks and costs and, as a result, insurance issues will multiply, spotlighting workplace safety.

    It might be time to revisit your workplace safety protocols, run a training session with your staff, and promise them that if they report issues they spot there will be no reprisals. Addressing workplace mental health could also be a priority, and that’s something you can affect by checking and modifying company culture. Offering perks like flexible working or hybrid work solutions, and even getting training yourself on how to spot and help your worker’s mental health problems are good first steps.

    Kit Eaton

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  • Term vs. permanent life insurance: How to choose what’s right for you – MoneySense

    Your insurance choice depends on your long-term financial goals

    Brooke Dean, founder of BMD Financial Ltd. at Raymond James, likens the two options to renting versus owning. “Term life insurance is like renting an apartment,” she said. Similar to renting, people pay for coverage for a set period of time. When the time is up—similar to a lease ending—the consumer walks away without any ownership or equity in the policy. 

    Permanent life insurance is like buying a house, Dean said. This type of policy has a higher upfront premium, but with time, the policy can accumulate equity, and people can borrow against it, similar to a home.

    Each serves a different purpose in financial planning, and deciding which one would be more suitable depends on individual needs.

    Jeffrey Talor, director of sales at CanWise Life Insurance Services, says a permanent life insurance policy could be one of the cleanest ways to transfer wealth. For example, when adult children inherit their parents’ assets—such as a home, cottage or business—the assets will be assessed at fair market value and any capital gains would be subject to taxes. A permanent policy could provide the cash to settle tax bills without the need to sell any of those assets. “If you don’t have the cash flow, this is one of the items of strategy that we’re noticing is a great way to mitigate taxes,” Talor said.

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    When permanent life insurance makes sense—and when it doesn’t

    A permanent policy can also offer dividends. Dean said a portion of the premiums are typically invested on behalf of the policyholder with a goal to maximize dividends. But it may not work as an investment strategy for everyone—especially younger people.

    Dean said her clients under the age of 50 often ask about permanent life insurance and how they heard it could be an investment strategy. “If you’re looking at it as just an investment strategy and you don’t have a lot of investments already saved up, then no, that’s probably not the best way to do it,”  she said. Instead, she recommends using it as an investment only after you have topped up your registered savings accounts and might be looking at other ways to put disposable cash to use.

    Talor said some people also buy permanent policies to leave a legacy. For example, Talor said he has seen grandparents buy permanent policies as gifts to their grandchildren—establishing a nest egg for them to leverage or borrow against when the grandkids enter adulthood. He said the younger the policyholder is, the more time the policy gets to accumulate its cash value.

    Term insurance has the appeal of being more affordable and accessible—offering large-enough coverage for a set period of time for young families who may have a mortgage and kids. Talor said term life insurance can be 10 to 15 times cheaper than a permanent policy. “The average Canadian cannot afford to buy the amount of permanent insurance they need,” he added.

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    When it makes sense to combine policies

    Talor said he often sees his clients go for a blend of both term and permanent life insurance policies, which protect them in the short run but also builds equity in the long term. 

    Dean said there are some insurance companies that allow rolling or converting a term life insurance policy into permanent life insurance, without having to lose the premiums that were already paid into it earlier. But she said it’s important for people to ask why they need both at the same time.

    “Is there still a mortgage outstanding? If you were to pass away, do you still have kids you have to provide for?” she asked. “But you also are making a good income and say your RRSPs and TFSAs are topped up.” “You want that term because it’s cheap, you have the coverage, but you also want to start investing in this other product and diversifying a bit more.”

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    About The Canadian Press


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    The Canadian Press is Canada’s trusted news source and leader in providing real-time stories. We give Canadians an authentic, unbiased source, driven by truth, accuracy and timeliness.

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  • Marshall fire payments due by year’s end, but how Xcel’s $640 million settlement will be divvied up to remain secret

    Marshall fire victims who joined the massive lawsuit against Xcel Energy are expected to receive their portion of the $640 million settlement before the end of the year, but the amount of money each plaintiff receives will not be publicly disclosed.

    Xcel and plaintiffs’ attorneys announced the settlement Wednesday, just one day before the start of jury selection in a two-month civil trial to determine blame for the 2021 wildfire that killed two people and destroyed more than 1,000 homes in Boulder County.

    The full terms of the settlement will not be released, though private corporations involved in the litigation may need to disclose their payouts to shareholders. The individual homeowners who participated in the lawsuit will be required to sign nondisclosure agreements, said Paul Starita, a lawyer at Singleton Schreiber, one of the firms that represented homeowners.

    Teleport Communications America and Qwest Corporation, two co-defendants in the lawsuit, will contribute an undisclosed amount toward the settlement total.

    Not every person or company among the more than 4,000 plaintiffs will receive the same amount of money, Stirata said. The amount each receives will depend on the level of damages.

    Plaintiffs whose houses burned to the ground would be in line to receive more money than people who suffered smoke and soot damage, he said. People who rented housing or owned rental properties were also parties to the lawsuit, as were some people who only evacuated and sued for the nuisance. And claims involving deaths would be compensated with a higher amount.

    Attorneys figured out months ago what percentage of any settlement or jury award each plaintiff should receive, because those dollar figures were part of the mediation and settlement negotiations, Stirata said.

    “You add up all of those figures and the defendant pays you that lump sum and you give that to your clients,” he said. “It’s a fair settlement.”

    Payments should start being distributed within 60 days and be complete by the end of the year, Stirata said.

    The lawyers will also get a cut of the settlement as their payment for taking on the case. Each firm sets its own fee for the clients it accepted, Sirata said. He declined to reveal what percentage Singleton Schreiber will receive.

    A large chunk of the settlement will go to the 200 insurance companies that sued Xcel to compensate for the massive property damage claims they paid in the fire’s aftermath. In a legal filing ahead of the trial, those insurance firms said they suffered $1.7 billion in losses. It is not known what settlement amount they agreed to.

    The Target Corporation was a plaintiff as well because its store in Superior was closed for months due to fire damage. The city of Boulder, Boulder County and the Boulder Valley School District were also plaintiffs.

    The Dec. 30, 2021, Marshall fire was the most devastating wildfire in Colorado history, costing more than $2 billion in damages.

    The fire ignited first on the property of the Twelve Tribes religious cult, which has a compound on Eldorado Drive, near the Marshall Mesa Open Space. That ignition was caused by smoldering embers left over from a Dec. 24 burn-pit fire on the property.

    Noelle Phillips

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  • California leaders say homeowners insurance companies are coming back to the state

    Several homeowners insurance companies that had either left the state or limited policies are coming back or committing to staying in California’s market, Gov. Gavin Newsom and the California Department of insurance said on Wednesday. The development comes about nine months after Insurance Commissioner Ricardo Lara and the department overhauled California’s insurance regulations after several companies had either dropped policies or limited them in the state. KCRA 3 was the first to report the update on Wednesday, after Gov. Newsom appeared to tell Bill Clinton at the Clinton Global Initiative that a handful of companies were coming back to the state. Newsom made the remarks in New York after Clinton asked Newsom what he thought should be done about the situation, which Newsom called one of the most pressing global issues. “We just had four of our admitted market come back,” Newsom told Clinton. “In the last two days or so we had our fourth come back in. We had a lot of folks who were leaving the market, they simply said it was too expensive and the losses are too significant.”Following the remarks, KCRA 3 asked the California Department of Insurance to confirm. A spokesman for the department said the governor’s remarks were accurate and provided a list of the companies that were committing to staying in California. The spokesman noted the list includes three of the state’s largest insurers. The five companies listed are Mercury, CSAA, USAA, Pacific Specialty and California Casualty. After this story first published Wednesday, both USAA and Mercury clarified in separate statements to KCRA 3 the company never stopped writing coverage in the state. A spokesman for Mercury would not say if the state leaders mischaracterized the situation but said they had “simplified” it.The new rules that lured the companies to return or do more business in the state allow insurance companies to consider new factors when they set premiums, including the likelihood of a catastrophe and the cost insurance companies pay to insure themselves, also known as reinsurance. In exchange, the companies have promised to provide more coverage in high-wildfire risk parts of California. State leaders have also been pushing to bring companies back into the market to reduce the number of properties relying on California’s FAIR plan, the state’s insurance of last resort. The plan provides insurance to those who can’t get private insurance and has been facing significant financial challenges as it takes on more claims. “The Sustainable Insurance Strategy helps restore stability and access to California’s homeowners insurance market,” said Mark Pitchford, the Chief Operating Officer at California Casualty Group in a press release Wednesday. “We appreciate all the work being done by the Commissioner and the Department to make coverage more accessible to homeowners across the state.”All five insurers have requested rate increases of 6.9%, according to Michael Soller, a spokesman for the California Department of Insurance. Soller noted the rate increase is identical to thousands approved under past insurance commissioners, but with a promise to remain and grow in the state. “This is a far cry from what has happened in the past, when insurance companies increased their rates and dropped policies,” Soller told KCRA 3 in an email. “Under Commissioner Lara’s Sustainable Insurance Strategy, we are seeing initial signs of market improvement despite the devastating L.A. wildfires. We won’t declare victory prematurely. We will thoroughly review companies’ rate filings to make sure consumers do not pay more than is required.” Speaking with Clinton, the governor acknowledged the new rules will allow for more rapid rate increases.”I think this issue requires leadership at the national level, it is under resourced, under focused. It’s a challenge for me, a challenge for Ron DeSantis, for governors in most states but it’s not top of mind and I think we need to be more focused on it,” Newsom said. See more coverage of top California stories here | Download our app | Subscribe to our morning newsletter | Find us on YouTube here and subscribe to our channel

    Several homeowners insurance companies that had either left the state or limited policies are coming back or committing to staying in California’s market, Gov. Gavin Newsom and the California Department of insurance said on Wednesday.

    The development comes about nine months after Insurance Commissioner Ricardo Lara and the department overhauled California’s insurance regulations after several companies had either dropped policies or limited them in the state.

    KCRA 3 was the first to report the update on Wednesday, after Gov. Newsom appeared to tell Bill Clinton at the Clinton Global Initiative that a handful of companies were coming back to the state. Newsom made the remarks in New York after Clinton asked Newsom what he thought should be done about the situation, which Newsom called one of the most pressing global issues.

    “We just had four of our admitted market come back,” Newsom told Clinton. “In the last two days or so we had our fourth come back in. We had a lot of folks who were leaving the market, they simply said it was too expensive and the losses are too significant.”

    Following the remarks, KCRA 3 asked the California Department of Insurance to confirm. A spokesman for the department said the governor’s remarks were accurate and provided a list of the companies that were committing to staying in California. The spokesman noted the list includes three of the state’s largest insurers. The five companies listed are Mercury, CSAA, USAA, Pacific Specialty and California Casualty.

    After this story first published Wednesday, both USAA and Mercury clarified in separate statements to KCRA 3 the company never stopped writing coverage in the state.

    A spokesman for Mercury would not say if the state leaders mischaracterized the situation but said they had “simplified” it.

    The new rules that lured the companies to return or do more business in the state allow insurance companies to consider new factors when they set premiums, including the likelihood of a catastrophe and the cost insurance companies pay to insure themselves, also known as reinsurance. In exchange, the companies have promised to provide more coverage in high-wildfire risk parts of California.

    State leaders have also been pushing to bring companies back into the market to reduce the number of properties relying on California’s FAIR plan, the state’s insurance of last resort. The plan provides insurance to those who can’t get private insurance and has been facing significant financial challenges as it takes on more claims.

    “The Sustainable Insurance Strategy helps restore stability and access to California’s homeowners insurance market,” said Mark Pitchford, the Chief Operating Officer at California Casualty Group in a press release Wednesday. “We appreciate all the work being done by the Commissioner and the Department to make coverage more accessible to homeowners across the state.”

    All five insurers have requested rate increases of 6.9%, according to Michael Soller, a spokesman for the California Department of Insurance. Soller noted the rate increase is identical to thousands approved under past insurance commissioners, but with a promise to remain and grow in the state.

    “This is a far cry from what has happened in the past, when insurance companies increased their rates and dropped policies,” Soller told KCRA 3 in an email. “Under Commissioner Lara’s Sustainable Insurance Strategy, we are seeing initial signs of market improvement despite the devastating L.A. wildfires. We won’t declare victory prematurely. We will thoroughly review companies’ rate filings to make sure consumers do not pay more than is required.”

    Speaking with Clinton, the governor acknowledged the new rules will allow for more rapid rate increases.

    “I think this issue requires leadership at the national level, it is under resourced, under focused. It’s a challenge for me, a challenge for Ron DeSantis, for governors in most states but it’s not top of mind and I think we need to be more focused on it,” Newsom said.

    See more coverage of top California stories here | Download our app | Subscribe to our morning newsletter | Find us on YouTube here and subscribe to our channel

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  • Is pet insurance worth it in Canada? – MoneySense

    We’ll walk you through the current landscape of pet insurance and discuss current premium costs to help you decide if purchasing a policy makes sense for your pet and your wallet.

    Watch: Is pet insurance worth it?

    What pet insurance covers (and what it doesn’t)

    Pet insurance is similar to health insurance, but it’s for your pet. Just like with a health insurance policy, you’ll pay a monthly fee, called a premium, to keep the policy active so your furry friend is covered.

    • An accident-only policy covers accident-related injuries, such as those from a motor vehicle accident, a torn ligament, food poisoning, and ingested foreign objects.
    • An accident and illness policy covers the accidents listed above, plus other types of emergencies, such as broken bones, surgery, hospitalization, prescription medications, digestive issues, infections, and illnesses.

    If your pet needs medical care, you’ll take them to the vet as usual. As long as the reason for the visit is covered by your insurance policy, you’ll pay only your deductible and any co-pay, and the insurance provider will cover the rest (or pay up to the coverage limit).

    Some conditions may be excluded—pet insurance doesn’t usually cover pre-existing conditions, older pets, specific breeds, or alternative methods of treatment. It also doesn’t typically cover preventative care and dental work unless you purchase a wellness add-on.

    Pros and cons of pet insurance

    Before making any decision that will impact your finances, it’s wise to consider the benefits and drawbacks. 

    How much does pet insurance cost?

    Several factors determine how much you could pay each month for pet insurance, including your pet’s breed, location, age, and medical history. Plus, there are factors you can control, such as the deductible, annual limit on coverage, and what percentage of costs your insurer reimburses.

    Keep in mind that as your pet ages, the cost of caring for and insuring it increases. Some insurance companies even set a maximum age limit on coverage, so enrolling your pet while it’s young and healthy could unlock more affordable rates.

    According to data from the North American Pet Health Insurance Association (NAPHIA), in 2024, the average monthly premiums in Canada were:

    • $22.46 for dogs and $18.47 for cats for an accident-only policy 
    • $89.18 for dogs and $45.86 for cats for an accident and illness policy

    The more coverage and benefits you get, the higher the price tag. For this reason, it’s important to consider the pros and cons to decide whether purchasing insurance is worthwhile for you.

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    Why is pet insurance getting more expensive? 

    The cost of pet insurance has risen steadily over the past decade or so. The average annual increase for accident and illness insurance was 6.5% for dog owners and 15.24% for cat owners.

    Source: North American Pet Health Insurance Association (NAPHIA)

    Inflation, increased wages of veterinary staff, and higher medical costs have all contributed to the rise in pet insurance premiums since the pandemic; however, higher costs are also tied to advancements in the medical care that pets receive. Vet clinics are increasingly able to treat life-threatening conditions like cancer and other diseases, but it can be expensive. 

    Before deciding whether or not to get insurance, pet owners must weigh the possibility of paying thousands of dollars out-of-pocket for medical procedures vs. paying ongoing monthly premiums.

    How to keep pet insurance costs down

    There are several strategies you can use to keep pet insurance costs low: 

    Shop around and compare policies. Insurers each have unique offerings and calculate premiums differently. Get multiple quotes to find the most affordable rate, but be sure you’re comparing similar coverages. 

    Choose a higher deductible. The higher your deductible, the lower your premium will be. That said, be sure you choose a deductible amount that you can afford to pay at a moment’s notice if your pet requires urgent care.

    Choose a lower annual limit. This is the maximum amount of money your pet insurance company will pay out to you every year. Once you’ve reached that threshold, you’ll be on the hook for any additional veterinary costs.

    Ask about discounts. If you have multiple pets, it’s worth asking if you can get a discount from your provider for insuring them both (or all). Typically, you have to enroll each pet and pay separate premiums.

    Jessica Gibson

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  • What is pet insurance—and do you need it? – MoneySense

    As pet insurance becomes more common and available, you’ll have better opportunities to select the coverage your pet needs at a price you can afford. Before we get into the costs, let’s step back and see just what pet insurance is and what it covers so you can decide if your pet needs a policy in the first place.

    What is pet insurance?

    Pet insurance is a type of insurance policy that you purchase from an insurer that offers this specialized form of coverage. 

    You’ll pay a monthly fee, called a premium, to keep your policy active (and your pet covered). If you need to take your pet to the vet for a covered issue (like an accident or illness), you pay the deductible and the insurance company kicks in to reimburse you for the remainder of the bill.

    Think of pet insurance as a way to protect your finances from an unexpected medical expense for your dog or cat, which can run in the thousands.

    What does pet insurance cover?

    Just like health insurance for humans, pet insurance offers financial assistance for medical conditions and treatments that your furry friend might need. Although coverage varies, pet insurance usually pays for:

    • Emergency medical care
    • X-rays
    • Surgeries
    • Accidents or illnesses
    • Emergency dental work (e.g., from an accident)
    • Diagnostics and medication

    What does it not cover?

    As with any type of insurance, there are often exclusions. The most common ones include:

    • Wellness check-ups
    • Routine dental work
    • Vaccinations

    Some insurers do not cover specific dog breeds or pets when they reach a certain age. Your pet’s pre-existing conditions may also be excluded, such as an existing injury or allergies.

    Since it’s up to each insurance company to determine what they do and don’t cover, carefully read each insurer’s guidelines before you sign up for a policy.

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    Pro Tip: You may have the option to purchase add-ons that expand your coverage, such as a wellness add-on to cover routine or preventative care. This will increase the cost of your insurance, so do some calculations to ensure the benefits are worth the added expense.

    How pet insurance works

    Once your pet has a pet insurance policy, you can use it to access medical care. Depending on your plan, coverage may or may not include annual wellness exams or routine vaccinations—but most include emergency care.

    For covered conditions, you typically take your pet to the vet, pay for the care, and then submit a claim to your insurance company—either online or by phone. If your claim is approved, you’ll pay your deductible and be reimbursed for the remainder of the eligible expenses. 

    Note: Some insurers automatically subtract the deductible from your reimbursement, so it’s a good idea to check with your provider to understand how claims are paid.

    How much does pet insurance cost?

    Like any insurance product, the price you pay is based on individual factors like:

    • Breed
    • Age
    • Medical history
    • Location
    • Deductible amount
    • Coverage options

    Generally, you can expect to pay around $45–$120 per month for a dog or $25–$60 per month for a cat with an accident and illness policy. Remember that your costs may vary depending on your pet and the coverage you select.

    Keep in mind that the price of pet insurance may change as more insurance providers emerge in Canada and AI innovations could streamline the underwriting process. 

    To find out how much pet insurance would cost in your specific situation, request quotes from several insurance companies. Try to use the same coverage types and amounts so it’s easier to do an even comparison of the policies, and don’t forget to ask about potential discounts!

    Do you need pet insurance?

    Now that you know the ins and outs of pet insurance, you may be wondering if it’s worth it to purchase coverage. To help you decide, consider the costs of average vet bills. For instance, an emergency vet visit costs between $800 and $2,500, on average, in Canada. However, fewer than half of pet owners could handle even a $1,000 emergency bill without financial difficulty.

    Jessica Gibson

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  • Coloradans can get updated COVID vaccines, but insurance might not cover the shots

    Anyone 6 months and older who wants a COVID-19 shot in Colorado can now get one, but the vaccine will only be free for those with the right insurance — at least for now.

    Initially, pharmacies couldn’t administer the updated shots in Colorado unless a patient had a prescription. The state allows pharmacists to administer vaccines recommended by the Centers for Disease Control and Prevention’s advisory committee, but not other shots.

    Dr. Ned Calonge, chief medical officer for the state health department, responded by issuing a standing order — essentially, a prescription for every resident – allowing them to get vaccinated at retail pharmacies.

    But that order doesn’t guarantee insurance will cover the shots or that pharmacies will choose to stock them. Last year, fewer than half of people over 65 nationwide received an updated COVID-19 shot, with uptake dropping further in younger age groups, raising questions about whether health care providers will believe demand is high enough to justify buying the vaccine.

    “The standing order provides accessibility. It doesn’t necessarily provide availability,” Calonge said Tuesday.

    The Colorado Division of Insurance issued a draft rule last week that would require state-regulated plans to cover COVID-19 vaccines without out-of-pocket costs for people of any age, assuming the division passes it as written. Insurance cards from state-regulated plans typically have CO-DOI printed in the lower left corner.

    The state’s rule doesn’t apply to federally regulated plans, which account for about 30% of employer-sponsored insurance plans in Colorado, Calonge said. Typically, however, those plans try to offer competitive benefits, since they mostly serve large employers, he said.

    “My hope would be they would want to keep up with other insurers,” he said.

    This isn’t the first time that people on state-regulated plans have had benefits not guaranteed for people with federally regulated insurance.

    Colorado capped the cost of insulin and epinephrine shots to treat severe allergic reactions in state plans, but couldn’t require the same for plans the state doesn’t oversee. In those cases, it offered an “affordability program” requiring manufacturers to supply the medication at a lower cost for people who aren’t covered by the state caps, Medicare or Medicaid.

    At least two Colorado insurers surveyed by The Denver Post said all of their plans will cover COVID-19 vaccines, while others hedged.

    Select Health, which sells Medicare and individual marketplace plans in Colorado, said its plans currently cover COVID-19 vaccines without out-of-pocket costs for everyone. Kaiser Permanente Colorado said in a message to members that it will pay for the shot for anyone 6 months or older.

    Donna Lynne, CEO of Denver Health, said the health system’s insurance arm is waiting on clarification about when it should cover the vaccines. Denver Health Medical Plan offers multiple plan types, some state-regulated and some under federal rules, she said.

    “It’s less of a decision on our part than understanding what the health department and the insurance department are saying,” she said. “You can’t have one insurance company saying they are doing it and one saying they aren’t doing it.”

    Anthem said it considers immunizations “medically necessary” if the American Academy of Pediatrics, American Academy of Family Physicians or the CDC’s vaccine advisory committee has recommended them, but didn’t specify whether it would charge out-of-pocket costs for medically necessary vaccines.

    If those bodies stated that certain people could get a particular vaccine — but not that they should — Anthem would decide about coverage “on an individual basis,” its website said. The other groups have recommended the shots for people over 18 or under 2, with the option for healthy children in between to get a booster if their parents wish.

    The state’s Medicaid program is still waiting for guidance from federal authorities about whose vaccines it can cover, according to the Colorado Department of Health Care Policy and Financing, and Medicare isn’t yet paying for the shots.

    For most of the COVID-19 vaccines’ relatively brief existence, they were free and recommended for everyone 6 months and older. In 2024, the federal government stopped paying for them, which meant uninsured people no longer could be sure they could get the shot without paying.

    Almost all insurance plans still were required to pay for the shots, though, because the CDC’s Advisory Committee on Immunization Practices recommended them.

    In previous years, the committee recommended updated shots within days of the U.S. Food and Drug Administration approving them. In late August, the FDA approved the updated vaccines for people over 65 and those with one of about 30 conditions increasing their risk of severe disease, including asthma, obesity and diabetes.

    Doctors still could prescribe the vaccine “off-label” to healthy people, in the same way that they prescribe adult medications for children when an alternative specifically approved for kids isn’t available.

    This year, however, the committee won’t meet until Thursday, and may not recommend the shots when it does. Secretary of Health and Human Services Robert F. Kennedy Jr. dismissed all of the committee’s members earlier this year and replaced them with new appointees, most of whom oppose COVID-19 vaccines.

    Meg Wingerter

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  • 42% of Canadians don’t have life insurance—are you one of them? – MoneySense

    The report sheds light on just how many Canadians are leaving their families financially at risk—and why so many are putting off getting coverage.

    How wide is the coverage gap?

    PolicyMe’s study found that a staggering 42% of Canadians either don’t have life insurance or aren’t sure if they have it, with almost two-thirds of those who are uninsured saying they aren’t likely to get coverage in the next five years. Families with kids are the hardest hit: almost half (49%) of parents saying they probably won’t purchase life insurance in that same period. 

    Yet one in four Canadians without coverage aren’t confident that their families would be financially secure if they passed away unexpectedly.

    Life insurance changes that. Among those with coverage, 80% say they’re confident that their loved ones would be financially protected.

    It’s clear that life insurance provides peace of mind—so why are so many Canadians still putting it off?

    Read more: Do I really need life insurance?

    Why Canadians are skipping life insurance

    Among those surveyed, more than a third say they don’t have life insurance coverage because it’s simply too expensive—and 42% of those people have kids at home. About 10% say that the high cost of living has delayed their plans, non-essential expenses typically the first to go when budgets get tight.

    Medical requirements are another barrier. Just over a quarter (26%) hesitate to buy life insurance due to the medical questions that many policies require.

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    Perhaps most striking, though, is that 27% of Canadians—more than one in four—believe they don’t need life insurance.

    Consider a family of four living on a single income. If the primary earner were to pass away unexpectedly, the loss of income could put a major strain on day-to-day living—expenses like rent or a mortgage, groceries, and childcare add up quickly. A life insurance payout could replace lost income, cover debts, and give the surviving parent breathing room to focus on family instead of finances during a difficult time.

    Compare life insurance quotes and save

    Request a personalized quote and consult with an expert about your coverage needs. Get the protection you need at the right price.

    The benefits of getting covered sooner

    When it comes to life insurance, starting early is key. Life insurance costs rise an average of about 8% each year you delay, so securing a term policy when you’re younger means you’ll enjoy the lowest rates for longer. 

    But getting coverage late is better than never—and it’s probably more affordable than you think. According to PolicyMe, the average cost of a 20-year term life insurance policy is around $20–30 per month for $500,000 in coverage if you start in your 30s.

    And gone are the days of having to visit an agent and endure seemingly endless sales pitches. Many providers offer online quotes, while some let you complete the entire process online—from getting quotes to completing the medical questionnaire to finalizing your coverage. 

    Life insurance doesn’t have to be complicated or costly; it’s about making sure your loved ones are protected and giving yourself peace of mind, no matter when you start.

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    About Jessica Barrett


    About Jessica Barrett

    Jessica Barrett is the editor-in-chief of MoneySense. She has extensive experience in the fintech industry and personal finance journalism.

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  • Insurance for self-employed Canadians: What coverage do you need? – MoneySense

    If you are self-employed, the onus for insurance coverage is squarely on you. If you are considering self-employment or are already self-employed, consider whether the following types of insurance apply to you. 

    Life insurance

    If you have a spouse and/or children who rely on your income, you should probably have life insurance. It could replace that income if you were to die, protecting your family from financial hardship. 

    How much life insurance do you need? 

    You need enough life insurance to cover your financial obligations—such as a mortgage and personal debt—and provide sufficient care for your dependents.

    Although a family’s expenses could decrease if someone died, most households have lots of fixed expenses like rent, mortgage payments, property taxes, insurance, utilities, children’s expenses, and other costs that do not change if there is one less family member. In some cases, a family’s expenses could even increase to account for additional help like a nanny for little ones or other help around the house.

    A business owner may also consider life insurance to provide cash for their business to keep operating. If the business’s value could be impaired by their death, a life insurance policy paid for and owned by the business could provide the funds to hire a replacement or shore up cash flow.

    Some business partners agree to have life insurance on each other. This coverage can provide funds for the survivor(s) to buy the deceased partner’s share of the business from their family. 

    When you buy life insurance, you can buy term life insurance that covers you for a certain number of years, or you can get permanent life insurance that is notionally meant to keep forever. Permanent insurance contains an investment component, whether it’s whole life or universal life insurance. Premiums tend to be higher for permanent coverage since the risk of death rises with age. But term insurance generally has a renewal feature, whereby you can renew at progressively higher premiums for subsequent terms.

    Business owners with corporations are often pitched life insurance as a tax and investment strategy, especially whole life and universal life insurance. These policies generally have high monthly premiums and are meant to provide future retirement income or a larger estate value.

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    Corporately owned life insurance definitely reduces tax because you are putting money into a life insurance policy instead of into corporate investments, which generally produce taxable income. But the trade-off may be higher fees than comparable investment options. As a result, you may not be further ahead.

    It is also important for business owners to consider other tax-efficient saving options like registered retirement savings plans (RRSPs) and tax-free savings accounts (TFSAs). If RRSP and TFSA accounts are not maxed out already with a reasonable expectation that maximum contributions can continue, a corporate life insurance policy for any reason beyond risk management—that is, for tax and investment reasons—should be considered with caution.

    Corporately owned life insurance can be a great opportunity for someone who has more money in a corporation than they are ever going to spend during their own lifetime. It can provide a larger after-tax estate for their beneficiaries than other corporately held assets, since the proceeds can come out of the corporation tax-free, unlike the withdrawal of other corporate assets by the beneficiaries. Just be careful about overcommitting to too large a policy.

    Compare life insurance quotes and save

    Request a personalized quote and consult with an expert about your coverage needs. Get the protection you need at the right price.

    Disability insurance

    A disability can hurt a family’s financial well-being and progress. Like life insurance, it is important to have if you have beneficiaries. But even if you don’t have family members depending on your income, you should have disability insurance for as long as you are still working out of necessity rather than by choice.

    What does disability insurance cover?

    Disability insurance provides a monthly payment to you if you cannot work due to an illness or injury. Some policies last for a certain period like 24 months after disability, while others last until a certain age, like 65.

    Some policies will pay your monthly benefit if you cannot work your current job (called “own occupation”), while others (called “any occupation”) may not pay out if you can work another job in another field.

    The risk of disability for most working Canadians is higher than the risk of dying. That’s why the monthly premiums tend to be more expensive than those for a life insurance policy. This is often a deterrent from purchasing disability insurance.

    Most insurance agents focus primarily on life insurance over disability insurance. As a result, life insurance tends to be sold more often than disability insurance. But a savvy business owner looking to reduce their financial risks should be buying disability insurance to protect themselves and, if applicable, their family.

    Jason Heath, CFP

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  • Health insurers to provide $75.6M in rebates

    BOSTON — More than 350,000 Massachusetts health care consumers will be receiving rebates from several major private health insurers under a state law requiring them to spend a majority of premiums on medical services.

    That’s according to the Healey administration, which recently announced that a review by the state Division of Insurance determined that five of the state’s health insurance carriers had medical loss ratios lower than the required threshold and must return $75.6 million to ratepayers.


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    By Christian M. Wade | Statehouse Reporter

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  • CVS, Walgreens now require prescriptions for COVID vaccines in Colorado

    People who want to get an updated COVID-19 vaccine at CVS or Walgreens pharmacies in Colorado this fall will need to present a prescription.

    State law allows pharmacists to administer vaccines recommended by the Advisory Committee on Immunization Practices, a group that counsels the director of the Centers for Disease Control and Prevention about who will benefit from which shots.

    In previous years, the committee recommended updated COVID-19 vaccines within days of the U.S. Food and Drug Administration approving them. This year, the committee doesn’t have any meetings scheduled until late September, and may not recommend the shot when it does meet, since Secretary of Health and Human Services Robert F. Kennedy Jr. appointed multiple members with anti-vaccine views after removing all prior appointees in June.

    The lack of a recommendation also means that insurance companies aren’t legally required to pay for the COVID-19 vaccine without out-of-pocket costs. Most private insurers will cover the updated shots this year, though that could change in 2026, according to Reuters.

    Initially, CVS said it couldn’t give the COVID-19 vaccine to anyone in Colorado or 15 other states, because of their ACIP-approval requirement. As of Friday morning, its pharmacies can offer the shots to eligible people who have a prescription, spokeswoman Amy Thibault said.

    As of about 10 a.m. Friday, CVS’s website wouldn’t allow visitors to schedule COVID-19 shots in Colorado.

    Walgreens didn’t respond to questions about its COVID-19 vaccine policy, but its website said patients need a prescription in Colorado. A New York Times reporter found the same in 15 other states.

    The FDA this week recommended the updated shots only for people who are over 65 or have a health condition that puts them at risk for severe disease.

    The listed conditions include:

    • Asthma and other lung diseases
    • Cancer
    • History of stroke or disease in the brain’s blood vessels
    • Chronic kidney disease
    • Liver disease
    • Cystic fibrosis
    • Diabetes (all types)
    • Developmental disabilities, such as Down syndrome
    • Heart problems
    • Mental health conditions, including depression and schizophrenia
    • Dementia
    • Parkinson’s disease
    • Obesity
    • Physical inactivity
    • Current or recent pregnancy
    • Diseases or medications that impair the immune system
    • Smoking

    Meg Wingerter

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  • A.D. Banker Equips Insurance Professionals in High-Risk States for Natural Catastrophes

    Insurance professionals are learning how to mitigate weather-related property damage and help high-risk communities prepare for natural disasters.

    Summer is peak season for naturally occurring catastrophes like hurricanes, tornadoes, and wildfires. In high-risk states like Florida and California, it’s crucial for individuals and businesses alike to make sure they are properly insured to protect against these disasters.

    A.D. Banker prepares aspiring insurance agents with comprehensive Pre-Licensing and Continuing Education courses. These programs not only provide entry-level education to new professionals but also offer specialized courses that help build a solid foundation. The goal is to pass this expertise on to all their current and future policyholders.

    Take flood insurance, for example – often misunderstood as being included in a homeowners policy when it is specifically excluded. Agents trained by A.D. Banker learn to explain what standalone policies are actually available and the importance of recently updated flood zones, which may have moved existing customers into higher-risk categories. This is an opportunity to educate consumers, review existing coverages to reduce risk, and offer cost-saving advice.

    With evolving environmental conditions and ongoing policy changes, agents need to stay up-to-date about industry policy option updates and be transparent with customers about what is and is not covered. Standard insurance policies often include complex exclusions and limitations – for example, determining whether damage sustained by a natural disaster was made worse by homeowner neglect or failure to maintain the property. By staying transparent and knowledgeable, agents can simplify these complexities and build trusted relationships with their clients.

    “Obtaining and maintaining insurance in disaster-prone areas has become more costly, but that doesn’t mean someone should risk going without it, especially when some insurance policies will help cover the cost of temporary housing and extra expenses during repairs to a damaged residence,” said Pam Reihs, National Insurance Expert for A.D. Banker. “The sheer increase in the number of natural disasters is reason why we need more properly-educated agents, and that’s where A.D. Bankers comes in to help insurance professionals be successful by recommending adequate coverage to their customer who need it. They can easily become the superhero for their community.”

    For information on becoming a licensed insurance professional, or just growing insurance industry expertise, visit ADBanker.com.

    About A.D. Banker
    For over 46 years, students have turned to A.D. Banker & Company for the knowledge they need to pass insurance and FINRA licensing exams, and continue their insurance education. The high quality learning design produces outstanding results, and our knowledgeable customer care team provides friendly, responsive support to make the roads to licensing and career advancement easier. Learn more at ADBanker.com. A.D. Banker is part of the Career Certified family of educators. Learn more at CareerCertified.com.

    Media Contact:
    Career Certified Press
    Press@CareerCertified.com
    720.822.5314

    Source: A.D. Banker

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  • Still no new negotiation sessions planned in trash strike

    There are still no new negotiation sessions planned as the Teamsters Local 25 strike moves into its 25th day.

    Officials in Peabody, Gloucester, Danvers, Beverly, Canton and Malden also still awaited a decision in their lawsuit against Republic on Thursday afternoon, after filing a joint request for a preliminary injunction last week that would force Republic to carry out all contracted services, if accepted. They appeared in court over the matter Tuesday afternoon.


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    By Caroline Enos | Staff Writer

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