Health insurance plays a vital role in safeguarding Indians from mounting healthcare costs. With medical inflation rising and hospital bills becoming unaffordable, having robust individual health insurance is no longer an option but a necessity. Recognising this, the Indian insurance regulator made a crucial change in April 2024. Now, health insurance and individual health insurance plans must cover hospitalisation cases where the patient is admitted for as little as two hours.
The Food and Drug Administration's guidance on who needs the COVID-19 booster shot has changed, but many insurers will still be covering the costs for enrollees-at least through the end of the year. AHIP (formerly known as America's Health Insurance Plans), the largest U.S. health insurance association, said Tuesday that its members will continue to cover vaccines with no cost-sharing for patients, following recommendations issued by the Centers for Disease Control and Prevention's vaccine advisory committee as of September 1.