Northridge, CA (PRWEB) March 26, 2015
In August 2014, the State of California changed the status of Blue Shield from a tax exempt entity (status the company held since 1939) and now state officials have ordered the Company to file tax returns back to 2013.
Just last week, the Los Angeles Times reported that the California Franchise Tax Board revoked the company’s exemption for state income taxes in August after an audit. (Los Angeles Times, With billions in the bank, Blue Shield of California loses its state tax-exempt status, March 18, 2015)
Lisa Kantor, leading disability and insurance lawyer in California supports this decision: This is a bold and necessary step in seeing that loopholes are closed for insurers like Blue Shield. This is timely and important, as these insurance companies shouldnt be exempt from paying taxes when pulling in enormous profits.
California Insurance Commissioner Dave Jones posted his thoughts on the matter stating, The Franchise Tax Board decision to terminate Blue Shields tax-exempt status confirms what I have said for years that Blue Shield charges excessive rates and acts like a for-profit health insurer. Blue Shield is also dodging the payment of premium taxes, by taking advantage of a legal loophole that allows Blue Shield to move its health insurance products from Department of Insurance regulation to Department of Managed Health Care regulation.
Jones continued, Currently, the Blue Shield loophole costs the state $ 100 million in premium taxes annually. As a tax-exempt company with surplus of $ 4.2 billion Blue Shield was able to accumulate an enormous amount of money on which it did not pay state taxes by evading the tax on the premiums it collects. Read Full Statement.
Kantor says, The insurer looks to be making changes now that the spotlight is shining brightly in their direction. Yesterday when The Los Angeles Times disclosed that Blue Shield is purchasing Care1st, I think this acquisition may prove to be a win since Care1st primarily serves Medicaid managed-care patients. Those patients are usually the poorest in the state and maybe this union of the two will provide better services and care for the needy. (Los Angeles Times, Blue Shield spends $ 1.25 billion on Care1st deal, records show, March 24, 2015)
While this looks like a win for the California taxpayer, advocates for the insured, like those at Kantor and Kantor, are going to pay close attention to developments and make changes on our end too, so we can best serve our clients in response to these changes. The shift from tax-exempt status to tax-paying status should be a win for the state and for claimants, says Kantor.
Lisa Kantor is available for interviews, contact Phoebe Nolan.
Related Health Insurance Press Releases
CHICAGO (PRWEB) March 24, 2015
According to the recent Prevent Blindness study, The Future of Vision: Forecasting the Prevalence and Costs of Vision Problems, women make up the majority of the 4.4 million Americans age 40 and older who are visually impaired or blind. More women than men have age-related macular degeneration, cataracts, and glaucoma. These numbers will only continue to increase in the years to come.
Although there are no cures for these diseases, many of the effects may be lessened through early detection and treatment. A recent online survey on behalf of Prevent Blindness found, however, that one in four women had not received an eye exam in the past two years. Cost was cited as the number one reason for both those who did and did not have vision insurance. Other reasons cited were transportation issues and simply being too busy to make an appointment.
The recent survey results are alarming combined with the results from the Prevent Blindness survey conducted last year by Harris Poll which found that:
Albany, Or (PRWEB) March 19, 2015
The Productive Dentist Academy is a dental consulting company that boasts the tagline Doing good while doing good. Their mission is to help dental practices across the country realize their full productivity potential. At a recent Productive Dentist Academy seminar a new partner, Compass Dentist, was welcomed into the fold.
Compass Dentist is an in-office membership program that can stand in for, or replace traditional dental insurance. For a monthly payment, any patient can get preventive dental services and discounted restorative or cosmetic procedures from their dentist. There is no need for third party payer approval of procedures; decisions are made between the doctor and patient.
“Adding a membership plan to your patient offerings is a great way to increase loyalty and boost revenues. Its a great service for the patient.” states McManus, CEO of Productive Dentist Academy.
A Compass membership provides services like dental cleanings, exams, x-rays, emergency exams, and discounts on restorative and cosmetic procedures if a patient chooses, without need for third party payer involvement. At the same time, Compass plans provide the dental practice with a simple option for reaching the growing number of uninsured patients in their communities, while also providing preventive care to those patients that would not otherwise get it.
Partnering with the PDA is an honor. Their reputation as practice productivity mentors and die-hard commitment to their clients is well known within the dental industry. Compass Dentist Wellness Membership Plans and the PDAs leadership and business coaching is a win-win for both practices and patients. says Bob Bowers, COO of Compass Dentist.
Research from the Department of Health and Human Services shows a staggering 85.9% of Affordable Care Act enrollees are opting out of dental coverage. The number of insured patients decreased from 60% in 2003 to 53% in 2011. Dental disease is the number-one disease in the Nation, yet based on the reduced number of enrollees it seems there is a lack of faith in the third party payer system.
Compass Dentist and the Productive Dentist Academy are looking forward to helping patients achieve wellness. The partnership may also allow dentists to tap into a the market of the uninsured or underinsured, increasing their productivity.
For more information on The Productive Dentist Academy visit: http://productivedentist.com/
For more information on Compass Wellness Membership Plans, visit: http://www.compassdentist.com/
(PRWEB) March 18, 2015
Insurancecarsinsurance.com has released a new blog post presenting the pros and cons of comparing online auto insurance quotes.
Comparing auto insurance quotes is mostly advantageous, but there may be some downsides to the whole process. One obvious disadvantage is the lack of human interaction, which can make some drivers feel uncomfortable. The newly released blog post presents the pros and cons of auto insurance quotes.
In order to compare free online car insurance quotes, clients have to visit http://insurancecarsinsurance.com/ and enter their ZIP code and then complete a simple quote form. The whole process takes only a few minutes and it can bring many benefits.
All drivers are required to have liability coverage. This is the minimum insurance state laws demand for owned cars. Driving without proof of insurance is illegal and dangerous.
Insurancecarsinsurance.com is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
Insurancecarsinsurance.com is owned by Internet Marketing Company.
For more information, please visit: http://insurancecarsinsurance.com/.
(PRWEB) March 07, 2015
Onlinecarinsuranceinfo.com has been updated with new auto insurance quotes for limited and new auto insurance offers that are issued this Spring.
Spring can be great for finding low cost car insurance plans. Clients should always review their options by comparing multiple auto insurance policies. This can now be done online and on a single website: http://onlinecarinsuranceinfo.com/.
The website has been updated with new and advantageous auto insurance quotes that can help clients keep track with the latest car insurance news. Finding low cost coverage is no longer difficult.
Price comparison is also free and the process of getting quotes can be very simple. Drivers only need to complete a single quote form with information about their vehicle and the search engine will select appropriate plans from nearby agencies.
Onlinecarinsuranceinfo.com is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
Onlinecarinsuranceinfo.com is owned by Internet Marketing Company.
For more information, please visit http://onlinecarinsuranceinfo.com.
Risk adjustment payments cause stir in Mass. health insure market
Part of President Barack Obama's signature health reform law, risk adjustment requirements aim to remove any advantages a health plan might gain by insuring a relatively healthy population and thereby discourage plans from marketing exclusively to …
Read more on wwlp.com
Maine Group Seeks to Cut Health Care Costs by Creating Standard Insurance …
Now in its second year, one of the project's goals is to develop something called a Value Based Insurance Design. The idea is to create one standard insurance plan, offered by every health insurance company, that promotes the most effective treatments.
Read more on Maine Public Broadcasting
Occupational therapists seek inclusion in state health plan
But their services, with a few exceptions, have never been included in Florida's group health-insurance plan for state employees. On Tuesday, occupational therapists from Tallahassee and elsewhere rallied at the Historic Capitol, asking lawmakers to …
Read more on Tallahassee.com
(PRWEB) March 11, 2015
Lowcostcarinsuranceprice.com announces that it offers new car insurance quotes for policies that have been recently released.
The insurance brokerage website has been updated with a list of auto insurance quotes that offer information about newly issued policies. Comparing various car insurance quotes can help drivers find affordable coverage.
It is now possible to find the best coverage for a vehicle by visiting an insurance brokerage website like http://lowcostcarinsuranceprice.com/. The quotes are displayed on a single web page, making the whole process safe and convenient.
In order to have access to the best car insurance rates, clients must complete a single quote form with information about their cars. The information helps the search engine gather affordable car insurance plans that are appropriate for each customer.
Lowcostcarinsuranceprice.com is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
Lowcostcarinsuranceprice.com is owned by Internet Marketing Company.
For more information, please visit http://lowcostcarinsuranceprice.com.
(PRWEB) March 07, 2015
Carinsuranceplan.org has released a new blog post explaining how to find online auto insurance quotes for drivers who have diabetes.
Diabetes is not a health problem that has an impact on someones driving abilities. However, diabetic drivers who undergo treatment may have to respect certain driving restrictions. It is not wholly clear if diabetes influences auto insurance premiums. `
Online auto insurance quotes help drivers find affordable coverage fast and without effort. An insurance brokerage website like http://carinsuranceplan.org/ provides all the necessary resources for comparing rates from top agencies. The quotes are selected only from reliable agencies and only by a professional search engine.
Carinsuranceplan.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
Carinsuranceplan.org is owned by Internet Marketing Company.
For more information, please visit http://carinsuranceplan.org .