The so-called Great Resignation picked up steam last week as quit rates reached record highs of 4.4 million in September alone, a whopping 3% of all Americans. But the trend of workers walking off the job isn’t consistent across all sectors.
Quitting rates are especially high for in-person roles in traditionally lower-paying industries, according to the latest data released by the Bureau of Labor Statistics on Friday.
The industries hit hardest by quits in September are leisure and hospitality—including those who work in the arts and entertainment, as well as in restaurants and hotels—trade, transportation and utilities, professional services, and retail.
When it comes to leisure and hospitality specifically, the industry logged nearly a million quits—987,000—with most coming from accommodation and food services workers.
Industries with highest percentages of workers quitting
The number of quits rose to a record high of 4.4 million in September 2021.
Most people get their health insurance through an employer, though there are other health insurance plans that are available for those who don’t qualify or who are unemployed or self-employed. If you are shopping for health insurance, we can help. Call us at Shield Insurance Agency in Michigan to find out more about the types of plans available and more.
Health Insurance for the Self-Employed
Many people who are otherwise uninsured get a catastrophic health policy. This is an affordable plan that protects you against very high medical bills but that doesn’t cover lower ones. These plans generally have a very high deductible. However, some of these policies come with a discount for lower-priced medical bills. These policies are often chosen by those who are self-employed because they don’t get health insurance through an employer and regular health coverage can be highly expensive.
Insurance From an Employer
If you are a business shopping for health insurance for your business and its employees, we can help. We can assist with the shopping process by finding out what kind of coverage you need and matching that to health plans that are available in Michigan. We can help you to shop around for the best price as well. When it comes to health insurance, we are highly knowledgeable and ready to assist you with every step of getting health insurance for your business. Employees today have certain expectations when it comes to health insurance benefits, and we can help you to reach those expectations.
Get Your Health Insurance
Whether you’re unemployed, self-employed or you need a health plan for your employees, we are ready to assist you with the whole process. Shopping for health insurance can be complicated, and we can help you to make sense of it all. Give us a call at Shield Insurance Agency in Michigan.
In 2020, more than a third of healthcare organizations in America experienced a ransomware attack. These events often fly under the radar, but that doesn’t make them any less devastating than incidents that make headlines, like the recent attack on the Colonial Pipeline. According to a study by Sophos, the average ransomware attack on a healthcare organization costs more than $1 million — but ransomware attacks have more than just a financial impact.
“Hospitals, medical facilities, and their physicians have sensitive patient information on their systems,” says Monica DiCesare, chief underwriting officer at IronHealth®, a division of Ironshore. “That information is critical to protect, because it’s critical to ensure patient safety.” A cyberattack could put patient lives at risk and open the hospital to even more costly medical malpractice and liability claims. Here are three interconnected risks that healthcare organizations might face in the wake of a ransomware attack — and how they can help mitigate their exposure.
1. Encrypted data and medical malpractice suits
Doctors and nurses rely on technology to do their jobs — so when those systems go down, hospitals are at an increased risk of medical malpractice suits. “We’ve become so reliant on technology. When we don’t have that technology and data, we become inhibited. The physician can’t practice medicine to its fullest, which can later be construed as negligence, because they weren’t able to provide adequate or appropriate care,” says Dennis Cook, president of IronHealth.
Lack of access to patient data is a major problem for healthcare providers. When bad actors encrypt critical patient data, like drug allergies or prescription information, healthcare workers are more likely to make a mistake that may harm a patient. Delayed lab reports and other critical information may cause hold-ups in treatment, which can have dangerous consequences. On top of that, ransomware attacks can also lock intake systems. That means that ambulances carrying patients in critical condition may be rerouted to facilities miles away — costing precious time that many patients can’t spare.
“We’ve become so reliant on technology. When we don’t have that technology and data, we become inhibited. The physician can’t practice medicine to its fullest, which can later be construed as negligence, because they weren’t able to provide adequate or appropriate care.” – Dennis Cook, president of IronHealth
In fact, the first medical malpractice suit for a ransomware-related death is already on its way to the courts. In July 2019, ransomware paralyzed the systems at the Springfield Medical Center in Mobile, Alabama. Computers across the hospital failed, including data from fetal heartbeat monitors in 12 delivery rooms. The suit alleges this outage led to the death of a newborn baby. The outcome of the case won’t be known for some time, but the human cost of ransomware is undeniable.
If you’re one of the 63 million Americans enrolled in Medicare, you’re probably being deluged by marketing pitches for Medicare Advantage plans, which offer managed care with low or zero premiums.
Medicare’s fall open enrollment season starts Oct. 15 and runs through Dec. 7, when you can switch your coverage between Original Medicare and Medicare Advantage, change Medicare Advantage plans, or make changes to your prescription drug plan.
All that marketing seems to be working. Recently, 42 percent of Medicare beneficiaries were enrolled in Advantage plans, up from 31 percent in 2016, according to data from the Kaiser Family Foundation. Those numbers include 50 percent of Black and 54 percent of Hispanic enrollees vs. 36 percent of whites in 2018. By 2025, half of Americans are expected to be in Advantage plans.
It’s easy to see the appeal of Advantage. Original Medicare doesn’t cover all your medical expenses, while Advantage plans have cost-sharing requirements but then cap your out-of-pocket costs. Plus, you have low premiums and the simplicity of all-in-one coverage.
But there can be hidden risks to Advantage plans, especially for those with major health issues.
“Some people in Medicare Advantage end up paying unexpectedly high costs when they become ill or find their network lacks the providers they need,” says Tricia Neuman, senior vice president at Kaiser.
Your alternative is to opt for Original Medicare and add a supplemental, or Medigap, a plan that covers your out-of-pocket costs and gives you a wider choice of providers. But you’ll pay additional monthly premiums for a Medigap policy, and unless you’re enrolling in Medicare for the first time, you could be denied Medigap coverage due to a preexisting condition.
Michael Sheelen, bond manager of Small-Mid Contract, New York, Liberty Mutual Surety, Midsize Contractors
Small projects, big risks: 6 challenges for small and midsize contractors in the COVID-19 era
Contractors may assume that smaller projects equate to smaller problems — but that’s not always the case. Construction jobs of all sizes share many of the same logistical and legal risks — and those risks have become even more complex in the wake of the COVID-19 pandemic.
Supply chain issues, labor shortages, and payment delays now define the construction landscape — and many small and midsize contractors don’t have the financial cushion to stay afloat if something goes awry. A series of tough jobs could lead to significant losses for contractors who are unprepared. Here are six risk areas that construction companies should address to position themselves for success in the current COVID-19 era.
1. Distribution issues
As contractors are aware, the COVID-19 pandemic temporarily shut down manufacturers and suppliers across the nation, leading to unprecedented distribution challenges.
As of July 2021, the cost of construction materials is up 20 percent, with a 3.2 percent increase just in the last month. For some common materials, like softwood lumber, prices have increased by more than 125 percent in the last year.
I’ve recently been helping a friend who has been managing her mother’s transitions from a hospital to a rehab facility, and then again to another rehab facility that wants to send her home before she, or her family, is ready. It reminded me of how tough family caregiving transitions can be. As a longtime family caregiver of many including both parents and my sister, I’ve been through many of them — some smooth, others unexpected and rocky. Caregivers play a crucial role in easing transitions, helping to ensure that loved ones adjust and get appropriate care along the way.
Moving our loved ones from one care setting to another is stressful for everyone involved. It’s invariably complicated and confusing, and I’ve often experienced poor communication among hospitals, facilities and family caregivers. Family caregivers play a key role in preventing hospital readmissions. We are the one consistent part of our loved ones’ care teams. Yet, all too often, family caregivers feel left out of the transition process. That’s why it’s up to us to be proactive.
CARE TRANSITION CHECKLIST
• Contact discharge planner/social worker
• Discuss options/plans with patient
• Talk with health care practitioners and therapists
• Arrange for next step in care:
Facility: Visit; review care provided, residents, visitors, meals, cleanliness, certifications, ratings, complaints, costs and insurance coverage
Home: Understand insurance coverage of home-based care; arrange for home modifications, medical equipment, personal care, medical care, therapies, meals, transportation, visitors/socialization, prescriptions
• Get printed medication list, prescriptions and discharge instructions
• Get hands-on demonstrations/instruction on medical/nursing tasks; photos/videos
• Get appropriate clothing and personal supplies
• Arrange for transportation upon discharge
• Ensure transfer of medical records between facilities/providers prior to, at time of and following the transition
When faced with a care transition, planning is key, even if you have only a few days. Here are some ways you can help your loved ones with care transitions:
1. Do your homework ahead of time.
It’s a good idea to be aware of the hospitals and rehabilitation, skilled nursing and assisted living facilities in your parent or other loved one’s immediate area. Talk with your parents about their preferences, goals and wishes about where, if needed, they would want to be treated, recover and live. Review the ratings of Medicare-certified facilities at the Medicare Compare site, and talk with family members of people who have been there. A little bit of basic research ahead of time will lower your stress levels in a crisis when you may need to make decisions quickly.
2. Start planning for discharge at the beginning of a stay at a hospital or rehabilitation facility.
Don’t wait until discharge is imminent. Ask to speak with a hospital discharge planner or social worker for help planning your loved one’s next steps, care, transportation to their next place, insurance coverage and payment plans.
Before assuming the role of full-time family caregiver for an aging parent, pose these key questions
by Bruce Horovitz, AARP, October 19, 2021 | Aging Parent
Are you thinking about caring for an aging parent in your home? The best way to consider all that is involved in this major decision is to pose the right questions to the right people.
We reached out to top home caregiving experts nationwide and asked them to help frame the key questions that need to be asked before the boxes are packed. “Asking these questions ahead of time can help prevent confusion, misunderstandings, miscommunications and make the entire process go more smoothly,” says Amy Goyer, author of Juggling Life, Work and Caregiving, and AARP’s family and caregiving expert.
(LANSING, MICH) Gov. Whitmer today announced Michiganders have more plans to choose from, more low- or no-cost coverage options, and more time to enroll during the Health Insurance Marketplace Open Enrollment period, which runs today, November 1 through January 15, 2022.
“Michigan has called for expanded health coverage opportunities throughout the pandemic, and I applaud the Biden-Harris Administration for its continued work in lowering costs to high-quality, comprehensive health insurance for Michigan’s working families,” said Governor Gretchen Whitmer. “Through increased subsidies, an extended enrollment period, and more investment in local assistance, Michiganders have the support they need to get covered for 2022.”
“Many people worry it is either too expensive or too complicated to sign up for a health plan. Fortunately, Michigan remains one of the least expensive states in the country to purchase health insurance and there is free, local enrollment help available by visiting LocalHelp.HealthCare.gov or calling 800-318-2596,” said Michigan Department of Insurance and Financial Services (DIFS) Director Anita Fox. “Comprehensive health insurance leads to better health outcomes, so Open Enrollment is an important opportunity for Michiganders to protect their health and financial wellness.”
More Health Plans
During Open Enrollment, Michigan consumers are able to choose from 174 approved health plans from 10 insurers on the Health Insurance Marketplace, which is available at HealthCare.gov or by calling 800-318-2596. In addition, an increased number of off-Marketplace plans are also available, bringing the total number of individual plans available to Michiganders to 256.
Overall, DIFS has approved average rate changes for individual plans that range from a decrease of 1.8% to an increase of 8.8%. Overall, the average rate increase on the individual market is 4.7%, well below the 6% average annual increase in health care costs seen during the last two years. Michigan continues to have a robust marketplace and comparatively lower average premium rates than most other states, tying for the 3rd lowest benchmark premiums in a 2021 Kaiser Family Foundation study.
More Low-or No-Cost Coverage Options
Increased subsidies established by the American Rescue Plan to give more Michiganders the opportunity to qualify for low- or no-cost coverage will continue in 2022. In 2021, Michigan consumers saw an average premium reduction of 45% through these subsidies or more than $71 per month in savings. Statewide, Michiganders saw nearly $12 million in savings per month, and nationally, more than half of consumers found coverage for $10 or less per month.
Premium tax credits depend on estimated household income, and consumers will see the monthly savings they qualify for when they apply for Marketplace coverage. Before applying, Michiganders can visit HealthCare.gov/Lower-Costs to estimate whether they may qualify for subsidies and other savings.
More Time, Assistance for Open Enrollment
The Biden-Harris Administration extended the 2022 Open Enrollment period so that consumers have until January 15, 2022, to enroll. However, consumers generally need to choose a plan by December 15 for their coverage to start January 1, 2022.
In addition, $3.3 million in grants have been awarded to three Michigan organizations to expand access to qualified Navigators who provide free assistance to consumers who need help signing up for health coverage. For assistance, visit LocalHelp.HealthCare.gov or call 800-318-2596.
To review available plans and rates, visit HealthCare.gov today. For questions about health coverage, visit the Michigan.gov/HealthInsurance or call DIFS 8 a.m. to 5 p.m. Monday through Friday at 877-999-6442.
The mission of the Michigan Department of Insurance and Financial Services is to ensure access to safe and secure insurance and financial services fundamental for the opportunity, security, and success of Michigan residents while fostering economic growth and sustainability in both industries. In addition, the Department provides consumer protection, outreach, and financial literacy and education services to Michigan residents. For more information, visit Michigan.gov/DIFS or follow the Department on Facebook, Twitter, or LinkedIn.
Contact Carlos Garcia, or 616.896.4600, Shield Insurance Health Care Advisor. You can even click here to fill out a quick form and we will get back to you soon.
Carlos is the Shield Agency specialist in health insurance and represents several companies.
Carlos can work with you to choose the best company and the best policy to meet your specific needs.
He can take care of your family and employees as well. can help answer your questions and get you insured.
Want a long and healthy life? New research shows that focusing on this one behavior, may help a lot more than losing weight.
By Catherine Pearson | 10/13/2021 8:58 am EDT | Updated October 14, 2021 | Huffpost.com | Fit and Fat
Health experts have increasingly embraced the idea that people can absolutely be “fit and fat” — and that the body mass index is deeply flawed and does not provide a very good picture of a person’s health.
A recent scientific review strengthens these points. The research, published in the journal iScience, showed that overall wellness and longevity cannot be predicted by a number on a scale, and that exercise is more important than weight loss when it comes to heart health and living a long life.
“We would like people to know that fat can be fit, and that fit and healthy bodies come in all shapes and sizes,” study researcher Glenn Gaesser, of the College of Health Solutions at Arizona State University, said in a statement.
How focusing too much on weight loss misses the point
The team behind the new review aimed their research at a glaring problem: Obesity has grown significantly in the United States and the world over the past several decades, as have the number of people dying from conditions like heart disease that are often closely linked with diet and exercise.
At the same time, the prevalence of people trying to lose weight has also increased. Since the 1980s, at least 40% of women in this country and 25% of men have been dieting to shed pounds. Whatever we’re collectively doing right now isn’t working, and it’s not necessarily making people healthier.
“The intense focus on weight loss has not prevented excessive weight gain in recent decades,” the new review states. “Moreover, repeated weight loss efforts may contribute to weight gain, and is undoubtedly associated with the high prevalence of weight cycling, which is associated with significant health risks.”
