Shopping for health insurance can be eye-opening for college grads, young adults

healthinsurance.org offers tips for first-time insurance shoppers

Minneapolis, MN, May 09, 2024 (GLOBE NEWSWIRE) — As college graduates embark on their future, they face a multitude of new decisions, and choosing the right health insurance plan may be one of their most important. Today, healthinsurance.org offers tips for first-time health insurance shoppers.

“Purchasing health insurance is a rite of financial passage for almost all young adults, and it often happens right after college graduation,” said Louise Norris, health policy analyst for healthinsurance.org. “Yet the health insurance landscape can be confusing and intimidating to the uninitiated.”

Norris is the author of

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Finding health insurance prices for care is an order: Shots

Insurers are complying with federal rules aimed at price transparency that took effect July 1, but consumer use of the data may have to wait until private firms synthesize it.

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Insurers are complying with federal rules aimed at price transparency that took effect July 1, but consumer use of the data may have to wait until private firms synthesize it.

DNY59/Getty Images

Data wonks with mighty computers are overjoyed. Ordinary consumers, not so much.

That’s the reaction about three weeks into a data dump of enormous proportions. Health insurers are posting their

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Study: Health insurance market becoming more concentrated

Seventy-three percent of US commercial health insurance markets are highly concentrated based on guidelines used by the Department of Justice and Federal Trade Commission to assess market competition, according to the latest annual report on health insurance competition by the American Medical Association. In 91% of the 384 metropolitan statistical areas studied, at least one insurer had a commercial market share of 30% or more, and in 46% of MSAs a single insurer’s share was at least 50%. Fifty-four percent of markets that were highly concentrated in 2014 became even more concentrated by 2020, the study found.

“These markets are

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Maternity Insurance: Insurers are having a Chillar Party: Maternity insurance sales skyrocket as couples brace for soaring costs

Couples in India are becoming increasingly wary of the rising cost of having a baby, which is leading to a surge in demand for health insurance plans offering maternity benefits, as per a report by PolicyBazaar.

These policies can be purchased up to nine months before childbirth. Currently, they are growing at 80 per cent on an annual basis, data shows.

Considerably enough, 78 per cent of policies with maternity benefits are purchased by men for their spouses, says PolicyBazaar.

While claims are highly likely with these policies due to planned pregnancies, insurers are seeing them as a means to

Maternity Insurance: Insurers are having a Chillar Party: Maternity insurance sales skyrocket as couples brace for soaring costs Read More