AUTHOR: malba2321457f4006 on 10/26/2024 FIRST: Jonathan Clements on 10/26/2024 | RECENT: Jonathan Clements on 10/26/2024
Comments
I worked for several years at a software company that tracked and processed funding, and was the platform that ran many of the largest charities, foundations, and many many thousands of the smaller players; a CSR provider. I had about 20 charities that I regularly funded for years, I’m down to about 3. The waste, total lack of accountability, and incompetence is astounding! My advice, if you don’t have direct line of sight where your money is going and what it’s being used for, keep it. This is an incredibly generous group of people on here and I can only suggest being extremely cautious with every penny. And as far as IRS filings and websites that rate charities, they are all posting the data that is given to them. There are no deep dives and due diligence with the data. Thats like asking the fox to report on the health of the chicken coop.
I’m 63, single. No matter what inputs I use, it suggest I start collection immediately. Seems odd. And all conventional wisdom and theory suggest waiting until 70.
That communication came directly from UHC. I’ve been on numerous medical plans over the last 35 years, never received a single letter from one stating they were out of compliance with mandatory minimum spending requirements for patient care.
You be the judge:
This letter is to inform you that UnitedHealthcare Insurance Company will be rebating a portion of your health insurance premiums through your employer or group policyholder. This rebate is required by the Affordable Care Act - the health reform law
The Affordable Care Act requires UnitedHealthcare Insurance Company to rebate part of the premiums it received if it does not spend at least 85 percent of the premiums UnitedHealthcare Insurance Company receives on health care services, such as doctors and hospital bills, and activities to improve health care quality, such as efforts to improve patient safety. No more than 15 percent of premiums may be spent on administrative costs such as salaries, sales, and advertising This is referred to as the "Medical Loss Ratio" standard or the 85/15 rule. The 85/15 rule in the Affordable Care Act is intended to ensure that consumers get value for their health care dollars. You can learn more about the 85/15 rule and other provisions of the health reform law at:
https://www.healthcare.gov/health-care-law-protections/rate-review/
I’m not on Medicare yet, but had united healthcare through an employer in 2023; by far the absolute worst provider of health insurance I’ve had in 30 years! I would avoid them
like the plague given a choice.
With respect to the cut off in traffic situation, I always try to give the benefit of the doubt. Some folks are simply not good drivers, others may be new drivers, some older in age, others with some type of personal crisis going on causing distraction. And of course, there’s always the option of just a knowing jerk. I find assuming it’s one of the prior options makes me feel more grateful and less triggered.
Comments
I worked for several years at a software company that tracked and processed funding, and was the platform that ran many of the largest charities, foundations, and many many thousands of the smaller players; a CSR provider. I had about 20 charities that I regularly funded for years, I’m down to about 3. The waste, total lack of accountability, and incompetence is astounding! My advice, if you don’t have direct line of sight where your money is going and what it’s being used for, keep it. This is an incredibly generous group of people on here and I can only suggest being extremely cautious with every penny. And as far as IRS filings and websites that rate charities, they are all posting the data that is given to them. There are no deep dives and due diligence with the data. Thats like asking the fox to report on the health of the chicken coop.
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I’m 63, single. No matter what inputs I use, it suggest I start collection immediately. Seems odd. And all conventional wisdom and theory suggest waiting until 70.
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Wasn’t that Mr. Miyagi?
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Chris Rock has a great bit on rich vs. wealthy, and explains it very well. (Strong language)
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Anyone remember fen-phen? It was smooth sailing for the first few years, then all hell broke loose.
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That communication came directly from UHC. I’ve been on numerous medical plans over the last 35 years, never received a single letter from one stating they were out of compliance with mandatory minimum spending requirements for patient care.
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Link to comment from December 8, 2024
You be the judge: This letter is to inform you that UnitedHealthcare Insurance Company will be rebating a portion of your health insurance premiums through your employer or group policyholder. This rebate is required by the Affordable Care Act - the health reform law The Affordable Care Act requires UnitedHealthcare Insurance Company to rebate part of the premiums it received if it does not spend at least 85 percent of the premiums UnitedHealthcare Insurance Company receives on health care services, such as doctors and hospital bills, and activities to improve health care quality, such as efforts to improve patient safety. No more than 15 percent of premiums may be spent on administrative costs such as salaries, sales, and advertising This is referred to as the "Medical Loss Ratio" standard or the 85/15 rule. The 85/15 rule in the Affordable Care Act is intended to ensure that consumers get value for their health care dollars. You can learn more about the 85/15 rule and other provisions of the health reform law at: https://www.healthcare.gov/health-care-law-protections/rate-review/
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Link to comment from December 8, 2024
Imitation is the sincerest form of flattery
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I’m not on Medicare yet, but had united healthcare through an employer in 2023; by far the absolute worst provider of health insurance I’ve had in 30 years! I would avoid them like the plague given a choice.
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Link to comment from November 26, 2024
With respect to the cut off in traffic situation, I always try to give the benefit of the doubt. Some folks are simply not good drivers, others may be new drivers, some older in age, others with some type of personal crisis going on causing distraction. And of course, there’s always the option of just a knowing jerk. I find assuming it’s one of the prior options makes me feel more grateful and less triggered.
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Link to comment from November 25, 2024