You don't need a prescription to get it. Nevertheless, will insurance companies pay for over-the-counter hearing aids?

Over the age of 12, 48.1% of American adults report having difficulty hearing. Yet, coverage for hearing aids is typically inadequate or non-existent. Medicare is an expressly excluded entity. Hearing aids can cost anywhere from $2,000 to $6,000, depending on the features and brand, and are often...

How President Yoon's policy priority has changed to include healthcare reform

In terms of healthcare services, Korea is one of the top nations. The strong health insurance policy, which shields patients from unaffordable medical expenses, makes medical services generally available to the general people. However, with rising healthcare costs, opponents have recently raised ...

Global Pet Insurance Market was Worth US$ 5.2 Bn in 2021, growing at an estimated CAGR of 14.9% over the Forecast Period

Insurance primarily happens to be a protection from any sort of financial loss in return for any type of fee, a party agrees to assure another party monetary compensation in event of any type of loss, damage, or even an injury. Insurance is mainly used to hedge against any type of risk of a loss ...

North America Medicare Supplement Insurance Market is Witnessing CAGR of 9.8% over the Forecast Period (2022 – 2030)

Medicare is a federal health-insurance programme for those aged 65 and up that covers the majority of their medical expenses. It covers the costs of health care for some disabled people under the age of 65. Supplemental insurance for Medicare (also known as Medigap insurance) bridges the gap betw...

NHI & SA

An expert in public health medicine suggests that the government raise taxes in order to generate cash in the interim while it continues to be unknown how much money would be necessary to pay for the planned National Health Insurance (NHI), as well as where the funds will come from. The suggestio...

Changes to the Protection Act Have an Impact on the Healthcare Sector

Before the modifications, there was no requirement under the PDPA for organisations to notify the PDPC and/or impacted persons when a data breach occurred, although the Personal Data Protection Commission encouraged organisations to do so voluntarily.

If the compromised personal data in...

Global Insurance Fraud Detection Market was Worth US$ 6.5 Bn in 2021

Digitization market by number of mobile devices and social media is changing the business landscape for all the sectors including insurance sector. With the advancements in technologies, insurance companies are harnessing the technologies such as artificial intelligence and data analytics for fra...

Free medical care has been announced for victims of domestic violence and human trafficking

The National Health Insurance Company-Daman has announced that victims receiving care from Ewaa will receive free full healthcare coverage. This occurs shortly after Daman and the Abu Dhabi Centre for Sheltering and Humanitarian Care-Ewaa, a subsidiary of the Abu Dhabi Department of Community Dev...

Need EHIC? Post-Brexit Insurance Card?

By presenting what are officially called European Health Insurance Cards but are more generally known as EHICs, British visitors were able to get free medical treatment everywhere they travelled around Europe. The European Health Insurance Card (EHIC) initiative was responsible for making this a ...

'Assistive technology,' from eyewear to mobility scooters, isn't usually high-tech. A WHO roadmap may be able to assist 2 million Australians in obtaining theirs

Because it allows individuals to work and study, worship and play, govern their homes and move around their communities, assistive technology has a nine-fold return on investment.

The National Disability Insurance Scheme (NDIS) in Australia assists around 10% of Australians with disabil...

SingViva, a Singapore-based insurtech company, has partnered with The Pacific Insurance Berhad to improve its critical illness product

The collaboration with TPIB is an important milestone and confirmation for SingViva's use of technology and medical research to empower lives, particularly in the midst of the Covid-19 epidemic."

Following its recent digital distribution collaboration in Malaysia, Singapore-bas...

Two-thirds of Britons do not have a valid European or global health insurance

Two-thirds of British individuals do not have a valid European Health Insurance Card (EHIC) or Global Health Insurance Card (GHIC), and three-quarters do not understand what health insurance cards cover when travelling.

According to a Direct Line Travel survey, over 32 million UK people...

Thai Crop Insurers Seeking Satellite Technology and Big Data

The Thai General Insurance Association (TGIA) and Thaicom have joined hands for using satellite technology and big data for the development of crop insurance.

The TGIA and Thaicom, a satellite operator that provides satellite and telecommunication services, have signed a Memorandum of U...

GERMAN INSURANCE FIRM SEES CLAIMS FOR INSURED DAMAGE WORTH USD 8.2 BILLION

HIGHLIGHTS

• There was a flood in Germany in JUL 2020.
• German Insurance Association sees insured damage worth US $ 8.2 billion.

When western Germany suffered from severe floods, at least 180 people lost their lives in this tragedy. As ...

Global Private Placement Life Insurance (PPLI) Market by Current Industry Status

Privately placed life insurance (PPLI) is generally structured and described as a variable universal life insurance policy. In PPLI, premiums are flexible. The holders of insurance policy can pay any amount of their choice as premium at the time of their ease. From the cash value in the policy su...

Global Blockchain in Insurance Market 2021- Know the Analysis and Trends

Blochchain technology has brought about positive reforms in the insurance industry. Improved efficiency and control, enhanced customer engagement along with reduction in costs are some of the primary factors encouraging companies in the insurance sector to deploy blockchain technology across thei...

EX-IRDAI CHAIRMAN SEES SCOPE OF INDIAN INSURANCE SECTOR TRANSFORMATION

HIGHLIGHTS

• Former IRDAI Chairman Subhash Chandra Khuntia believes that Indian insurance sector on the cusp of a transformation.
• Mr. Khuntia believes that demography of India, relatively low insurance penetration, and the potential for high economic gr...

CBIRC ASKS CHINESE BANKS NOT TO WITHHOLD LOANS TO HUARONG

Highlights –

• CBIRC asks Chinese banks not to withhold loans to Huarong.
• Huarong is reportedly one of China's four biggest distressed asset management companies.
• Huarong and its subsidiaries reportedly have outstanding offshore bon...

DELHI HC REFUSES TO STAY MEDICLAIM PREMIUM CIRCULAR

HIGHLIGHTS

• Delhi HC has refused to stay circular on Mediclaim Premium Circular from GIPSA.
• Next hearing will be on 19 AUG 2021.

In FEB 2021, a circular from General Insurance Public Sector Association (GIPSA) was issued which was to ...

IRDAI WANTS TO CREATE P&I INSURANCE CLUB

HIGHLIGHTS

• IRDAI is planning to create a P&I insurance club.
• IRDAI is in talks with INSA.

The Insurance Regulatory and Development Authority of India (IRDAI) is planning to create a Protection and Indemnity (P&I) club in the ...