In Australia, international students are not getting adequate international student insurance; this is according to the Society of Anesthetists. Health insurance that is set for international students has poor coverage as compared to those students who have other insurance coverage.

According to the society, there is a gap between the promotional insurance materials and the actual coverage. Promotions for international student health insurance is misleading students and leaving them in the dark about what they can and cannot get in terms of medical coverage.

This concern was brought up by the society because there have been a number of instances wherein anesthetists have given free medical service to foreign students.

Full Article…

• 0 Comments

Sun Life Financial, based in Wellesley, Mass., announced it will market its stop-loss insurance through Cigna Payer Solutions, a network connecting third-party administrators with health care providers.

Under the business agreement, any employer or plan sponsor that is a client of a TPA contracted with Cigna Payer Solutions will have access to Cignas health services and Sun Life Financials expertise in stop-loss insurance.

Cigna Payer Solutions connects participating TPAs to a network with more than 660,000 health care professionals and 5,100 hospitals.

Cigna, which has a large presence in Philadelphia, will continue to sell medical stop-loss to employers that do not work with Cigna Payer Solutions TPAs.

“Sun Life Financials ability to provide quality customer service in the TPA marketplace will offer significant value while managing medical costs for our customers,” said Jeff Terrill, president of Cigna Emerging Markets, in a statement.

Sun Life Financial offers group life, disability, dental and stop-loss insurance through 170 group insurance sales representatives in 34 major U.S. cit

Full Article…

• 0 Comments

UK passengers taking holiday flights say they are now more likely to take out travel insurance as a direct consequence of the severe disruption caused by last year’s volcanic eruption in Iceland, according to a new survey, undertaken by eDigital Research.

The survey found that as many as 74.94% of respondents said they were now giving positive consideration to travel insurance as a result of the eruption.

The eruption led to complete airport closures, the cancellation of many flights, and to the severe delay of many others, over fears that particles from the volcanic ash cloud might damage aircraft engines. M

Full Article…

• 0 Comments

The availability of mortgages at all levels is essential to kickstart the failing housing market and the industries that rely upon this, from construction to those selling white goods or home insurance. Without readily available and free flowing capital, the UK economy will self implode.

However it now appears that the not so ready to lend lenders, principally the banks and building societies who caused the mess in the first place, are now restricting the capital flow further with the provision of new products designed to protect their capital and circumvent the recent legislation outlawing the selling of PPI (Payment protection insurance) at point of sale of the loan or mortgage.

Fortunately both the FSA and consumer watchdog , the OFT (Office of Fair Trading) have been keeping a close eye on these activities and have today issued a joint statement warning the providers of these products to obey the rules or face the consequences.

Full Article…

• 0 Comments

For all the public wrangling we are seeing over the super committee — mostly centered on tax reform and revenues as a key component of a compromise — the big issue facing policymakers in the coming years is health care costs.

The biggest driver of public spending is health, both because health inflation has historically been considerably higher than other inflation and because of the relentless demographics of an aging population.

The health insurance and delivery system is half public and half private — but with a huge intersection between the two. As we cu

Full Article…

• 0 Comments