Insurers will cover testing of coronavirus, AHIP says

Lavern Vogel

Insurers are voluntarily covering the diagnostic testing of the coronavirus, according to the Board of Directors for America’s Health Insurance Plans.

Health insurers will cover needed testing when ordered by a physician. They are taking action to ease network referral and prior authorization requirements, and/or waiving patient cost-sharing, AHIP said.

AHIP said it is also working with public and private-sector partners so that out-of-pocket costs are not a barrier to people seeking testing and treatment for COVID-19.

The trade association is also working with state and federal policymakers to provide more guidance and flexibility for preventive services, benefit design and treatment options.

In a separate statement, Cigna said its customers will have access to coronavirus testing, as prescribed by health practitioners, and the company will waive all co-pays or cost-shares to help fight the rapid spread of the virus. Cigna will cover the medical test similar to a preventive benefit

Read More

Making the best of a market downturn

Lavern Vogel

Be prepared 

To begin with, every investor should:

  1. Create or revisit investment goals, making sure they’re appropriate;
  2. Develop a suitable asset allocation using broadly diversified funds;
  3. Control cost; and
  4. Maintain perspective and long-term discipline.

The first 3 steps are integral to developing a good investment plan. The fourth step is required to enjoy the potential long-term benefits of that plan. Vanguard’s Principles for Investing Success provide a detailed primer on all 4 steps. For our research on these and other issues, see Vanguard’s framework for constructing globally diversified portfolios.

Rebalance 

We also believe you should periodically adjust your holdings to keep them in line with your target asset mix.

Getting back to your target mix, or rebalancing, sounds simple but often turns out to be psychologically difficult. That’s because it requires selling assets that have performed better for you and buying those that haven’t done as well.

In market

Read More

Despite red tape, most pediatricians are supportive of national vaccination program

Lavern Vogel

Despite bureaucratic hurdles, the vast majority of pediatricians want to keep participating in a national program that provides vaccinations at no cost to children who are on Medicaid, uninsured, or who are American Indian/Alaska Native, according to researchers at the University of Colorado Anschutz Medical Campus.

The Vaccine For Children Program was created in 1993 to keep children from contracting vaccine-preventable diseases due to an inability to pay for the drugs. Since then, it has increased vaccination rates, decreased vaccine-preventable illnesses and reduced social and racial disparities among those inoculated.

The study, published online in the journal Pediatrics, examined pediatrician participation in the program.

WHAT’S THE IMPACT

The researchers sent surveys to 471 pediatricians, with 372 responding. They asked how many of the doctors participated in the program, the perceived burdens of taking part, their experiences and practices in stocking the vaccines and their views on a bigger reimbursement for

Read More