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May 16th, 2012
Northwest Herald reports:
Illinois Gov. Pat Quinn may use an executive order to establish a health insurance exchange, a website where consumers could comparison shop for insurance that’s a key piece of President Barack Obama’s health care law, according to Quinn’s chief health care adviser.
Michael Gelder, the governor’s adviser, said the Legislature’s workload on Medicaid and pension reform makes it unlikely lawmakers will be able to pass legislation authorizing an insurance exchange during the current session, which is scheduled to end later this month.
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Tags: Affordable Care Act, barack obama, buying insurance, Chicago, Chicagoland, Elgin, Fox River Grove, Fox Valley, health care law, health insurance, Health insurance exchange, Illinois, insurance industry, insurance plan, Medicaid, North West Suburbs, Northern Illinois, Northwest Suburbs, ObamaCare, South Barrington, subsidies, Supreme Court, the affordable care act
Posted in Illinois, Insurance Reform | No Comments »
May 15th, 2012
Crains reports:
“Democratic and Republican leaders in the Illinois General Assembly have agreed to shelve a bill that would establish an Illinois health insurance exchange amid uncertainty created by the constitutional challenge to the federal health care overhaul before the U.S. Supreme Court.
State-level exchanges, which would allow individuals and small businesses to purchase health coverage, are expected to play a crucial role in satisfying the mandate to buy insurance imposed under the Patient Protection and Affordable Care Act of 2010. The Supreme Court is likely to rule on the constitutionality of the federal health care law in June, weeks after the scheduled May 31 end of the Illinois Legislature’s spring legislative session.
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Tags: 60504, Affordable Care Act, Carpend, Chamber of Commerce, Chicago, Chicagoland, Elgin, Fox Valley, Government, health care law, health insurance, Health insurance exchange, health reform, Hillside, Individuals, Lake in the Hills, North West Suburbs, Northern Illinois, Northwest Suburbs, Patient Protection, Stone Park, Supreme Court, the affordable care act, Trout Valley
Posted in Insurance Reform | No Comments »
May 10th, 2012
BenefitsPro reports:
“Health Savings Accounts
What are they? HSAs are tax-advantaged medical savings accounts available to taxpayers who are enrolled in an HSA-qualified high-deductible health plan. The funds contributed to the account are not subject to federal income tax at the time of deposit. Unused amounts in one year can be carried over to following years and added to subsequent contributions.
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Tags: Bull Valley, Chicago, Chicagoland, deductibles, Elgin, Fox Valley, Harvard, health care costs, health insurance, health plan, health savings account, Individuals, insurance, Johnsburg, Kaneville, Medicare, North West Suburbs, Northern Illinois, Northwest Suburbs, Schaumburg, Sleepy Hollow, South Elgin
Posted in Group Health Insurance | No Comments »
May 10th, 2012
BenefitsPro reports:
“Enrollment season this year will bring an added compliance requirement for employers, which is intended to help plan enrollees know exactly what they’re getting out of their policy.
Beginning on Sept. 23, 180 million Americans with private health insurance will need to be provided with two pieces of information. One is a Summary of Benefits and Coverage, or SBC, that clearly explains their health plan and allows them to compare different coverage options.
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Tags: Affordable Care Act, Chicago, Chicagoland, Elgin, Fox Valley, group health plan, group health plans, health insurance, health insurance coverage, health reform, Individuals, North West Suburbs, Northern Illinois, Northwest Suburbs, Patient Protection, Prairie Grove, Richmond, South Elgin, Supreme Court, Sycamore
Posted in Group Health Insurance | No Comments »
May 3rd, 2012
Health Savings Accounts
What are they? HSAs are tax-advantaged medical savings accounts available to taxpayers who are enrolled in an HSA-qualified high-deductible health plan. The funds contributed to the account are not subject to federal income tax at the time of deposit. Unused amounts in one year can be carried over to following years and added to subsequent contributions.
Read More..
Tags: 2011, 2012, 2013, Boulder Hill, Bull Valley, Carpentersville, Chicago, Chicagoland, Costs, deductibles, East Dundee, Elgin, Fox Valley, health care costs, health insurance, health plan, health savings account, HSA, Medicaid, medical expenses, North West Suburbs, Northern Illinois, Northwest Suburbs, St. Charles, Streamwood, Trout Valley, Union
Posted in Health Laws | Comments Off
May 3rd, 2012
BenefitsPro repots:
“The IRS has announced adjustments that affect health savings accounts in 2013.
The HSA contribution limits and high deductible health plan out-of-pocket maximums are up slightly over 2012. For the first time in three years, the HDHP minimum required deductibles have increased.
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Tags: 2012, 2013, Affordable Care Act, Chicago, Chicagoland, Deer Park, Elgin, Fox Valley, health plan, health savings account, Hospital, HSA, IRS, Kaneville, medical expenses, Medicare, Naperville, North West Suburbs, Northern Illinois, Northwest Suburbs, Patient Protection, South Elgin
Posted in Health Laws | Comments Off
April 30th, 2012
Kaiser Foundation reports:
“The least expensive health plan that most Americans would be required to purchase in 2014 under the so-called ³individual mandate² would provide coverage largely for catastrophic medical expenses, finds a new Kaiser Family Foundation study. The study is available at: http://www.kff.org/healthreform/8303.cfm.
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Tags: Affordable Care Act, Algonquin, bronze plan, buying insurance, Chicago, Chicagoland, colorectal, coverage plan, deductibles, Deer Park, Elgin, exchange, Fox Valley, Government, health care costs, health insurance, Health insurance exchange, health plan, health reform, Holiday Hills, IL, Individual Mandate, Individuals, insurance plan, medical expenses, North Barrington, North West Suburbs, Northern Illinois, Northwest Suburbs, premiums, preventive services, South Elgin, subsidies, the affordable care act
Posted in Insurance Reform | Comments Off
April 25th, 2012
Aetna reports:
“ILLINOIS: Legislators will return to session next week after a two-week break. Front and center through the end of May are Governor Quinn’s Medicaid and pension reform requests contained in his budget address. The governor is proposing cutting $2.7 billion from Medicaid alone.
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Tags: Chicago, Chicagoland, Costs, East Dundee, Elburn, Elgin, Elmwood Park, Fox Valley, IL, Illinois, Medicaid, Naperville, North West Suburbs, Northern Illinois, Northwest Suburbs, Schiller Park, Skokie, South Elgin, state legislatures
Posted in Insurance Reform | Comments Off
April 25th, 2012
Uninsured Quiz
The issue of the uninsured has been at the forefront of health policy discussion for decades, and in recent years has received increased attention with the passage of the health reform law in 2010.
How much do you know about the uninsured and the consequences of not having coverage? <Click Here>
Medicare Quiz
Medicare provides health coverage to approximately 50 million beneficiaries ages 65 and older and younger people with permanent disabilities. Medicare remains a hot topic in Washington and around the country as political leaders and other policy makers weigh potential changes to the program.
How much do you know about Medicare, the people it serves, the benefits it covers, and its financial status? <Click Here>
Tags: Big Rock, Cary, Chicago, Chicagoland, Darien, Elgin, Fox Valley, Harvard, Holiday Hills, Lafox, Marengo, Medicare, Naperville, North West Suburbs, Northern Illinois, Northwest Suburbs
Posted in Health Laws | Comments Off
April 25th, 2012
Benefits Pro reports:
“WASHINGTON (AP) — If the Supreme Court strikes down President Barack Obama’s health care overhaul, don’t look to government for what comes next.
Employers and insurance companies will take charge. They’ll borrow some ideas from Obamacare, ditch others, and push even harder to cut costs.
Here’s what experts say to expect:
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Tags: Affordable Care Act, barack obama, Carol Stream, Chicago, Chicagoland, Consultant, Costs, Crystal Lake, Elgin, Fox Valley, Government, Hanover Park, Harvard, health care benefits, health care law, health care reform, health insurance, Health insurance exchange, Hospital, Johnsburg, Massachusetts, North West Suburbs, Northern Illinois, Northlake, Northwest Suburbs, ObamaCare, premiums, Supreme Court
Posted in Insurance Reform | Comments Off
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