Health Insurance Choices: High Deductibles and Health Savings Accounts

Health Insurance Innovations, Inc. Reports Second Quarter 2013 Financial and Operating Results

Money in my FSA could be used to pay the deductibles and co-pays. Since this would be tax-free I wanted to maximize the use of it but there was a catch. The unused amount at the end of the year was forfeited. In other words, it was “use it or lose it.” Every year was a guessing game about how often I would go to the doctor or be admitted to the hospital.
For the original version including any supplementary images or video, visit http://www.huffingtonpost.com/dr-kevin-simmons/health-care-choices-high-_b_3744552.html

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(3) Financial data for the six months ended June 30, 2013, includes our second quarter results of operations together with our restated first quarter results of operations, as reflected in our Form 10-Q/A filed with the Securities and Exchange Commission on August 13, 2013. Reconciliation of Premium Equivalents to Revenues For the Three and Six Months Ended June 30, 2013 and 2012 (in thousands) Unaudited Three months ended Six months ended June 30, June 30, ——————– —————— 2013 2012 2013 2012 ———- ——– ——– ——– Premium equivalents (1) $24,194 $18,024 $46,279 $33,757 Less risk premium (10,010) (7,722) (19,111) (14,611) Less amounts earned by third party obligors (586) (367) (1,099) (688) ———- ——– ——– ——– Revenues $13,598 $9,935 $26,069 $18,458 ========== ======== ======== ======== (1) “Premium equivalents” is defined as the combination of premiums, fees for discount benefit plans, fees for distributors and our enrollment fees. Premium equivalents does not represent, and should not be considered as, an alternative to revenues, as determined in accordance with U.S. GAAP. We have included premium equivalents in this press release because it is a key measure used by our management to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget and to develop short-term and long-term operational plans. In particular, the inclusion of premium equivalents can provide a useful measure for period-to-period comparisons of our business. Premium equivalents has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our results as reported under U.S.
For the original version including any supplementary images or video, visit http://online.wsj.com/article/PR-CO-20130813-911407.html

Nelson Mandela Health Condition Improving But Still Critical, South Africa Says

In a statement Sunday, President Jacob Zuma said Mandela is making a “slow but steady improvement.” Zuma thanked South Africans for praying for the 95-year-old former president, who has been hospitalized since June 8 because of a lung infection. The government has released few details on Mandela’s illness, citing privacy issues. Legal documents filed by the family of the anti-apartheid leader had said he was on life support, though some family members have in recent weeks given upbeat assessments of his health. A number of relatives have talked of Mandela returning soon to his home in Johannesburg but others have not spoken about him leaving the hospital. Contribute to this Story:
For the original version including any supplementary images or video, visit http://www.huffingtonpost.com/2013/08/11/nelson-mandela-health-improving_n_3739455.html

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