Archive for the "Insurance" Category

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Physician Panel Determines the Fees Paid by Medicare

Did you know that three times a year, 29 doctors gather around a table in a hotel meeting room to divide up billions of Medicare dollars? “It seems odd,” comments Alan Weinstock, insurance broker at MedicareSupplementPlans.com, “considering this group has no official government standing.” However, the group is known as the Relative Value Scale Update […]

New Medicare Billing System Part of Small Business Lending Act

According to reports, the Small Business Lending Act signed into law this past June includes an anti-fraud provision that will require Medicare to do more to prevent fraud. “Medicare fraud has been a problem for far too long,” notes Alan Weinstock, insurance broker at MedicareSupplementPlans.com. “CMS uses an outdated billing system which I understand actually […]

IndiaFirst initiate Money Back Health Insurance Plan

Indiafirst life insurance company, a joint venture between Bank of Baroda and Andhra Bank, in collaboration with the British Legal & General, announced its foray into the health insurance market with the launch Back in India Plan First money insurance. The announcement was made by Dr. P. Nandagopal, CEO and general manager, Indiafirst life insurance […]

Healthcare Sector Must Grow Rapidly

The Indian healthcare industry is expected to grow rapidly this decade due to the increase in life expectancy, income levels higher, the spread of health insurance and the increasing incidence of lifestyle diseases, a Health Care Top entrepreneur said Friday. “The Indian healthcare industry is experiencing a phase of rapid expansion with 12 % CGPA […]

Nearly 4.5 Million Medicare Beneficiaries Require Face-to-Face Meetings

Beginning January 1, 2011, home health and hospice patients will need to follow a new federal regulation issued by the Centers for Medicare and Medicaid Services (CMS) which says they must have a face-to-face meeting with a physician or nurse practitioner to receive services under Medicare. “There are valid reasons for the implementation of this […]