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Posts Tagged ‘Affordable Care Act’

Employer Paid Individual Health Insurance Policies Create the Potential for Significant Penalties, but Limited Relief is Available

Thursday, June 25th, 2015

National Law Review reports:

“Despite guidance from the Internal Revenue Service (“IRS”), the Department of Labor (“DOL”) and the Department of Health and Human Services (“HHS”) indicating the prohibition of the practice under the Affordable Care Act (“ACA”), some employers continue to reimburse employees for health insurance premiums. This practice could lead to thousands of dollars in penalties.

Notice 2015-17 is the IRS’ most recent guidance on such arrangements, reaching the same conclusions. It also, however, provides welcome penalty relief for certain employers.

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Annual family health costs hit nearly $25K

Thursday, June 25th, 2015

Benefits Pro reports:

“A family of four with employer-sponsored health coverage is shelling out substantially more since the advent of the Patient Protection and Affordable Care Act. The cost of family coverage also is rising so fast that even this standard employee coverage package could trigger the 2018 Cadillac tax.

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President Obama Rates Affordable Care Act 8 Out of 10

Monday, May 4th, 2015

Yahoo News reports:

“When Dr. Richard Besser, ABC News’ chief health and medical editor, sat down with President Obama yesterday, the conversation focused on the health impact of climate change, gun control, and the Affordable Care Act.

Besser asked the president to rate the success of the Affordable Care Act on a scale from 1 to 10. Obama gave the law an “8.”

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Should Pregnancy Be A ‘Qualifying Life Event’ For Insurance Coverage?

Monday, May 4th, 2015

Yahoo Health reports:

“The average cost of maternity care and delivery without complications is $23,000. With complications, that number jumps steeply. Imagine facing that cost if you’re uninsured? For approximately 13 percent of the over 6 million womenwho become pregnant yearly, these costs are a harsh reality.

But there’s a strong movement that’s trying to change that.

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More than 100,000 in SC could lose health insurance if Supreme Court rules against subsidies

Wednesday, April 22nd, 2015

The State reports:

“Tim Liszewski didn’t have health insurance for a decade before signing up for a subsidized policy through the Affordable Care Act’s federal marketplace last year.

He likely will be uninsured again if the U.S. Supreme Court rules federal subsidies are illegal in states such as South Carolina that didn’t create their own insurance exchanges. The court hears arguments about that issue in the King v. Burwell case on Wednesday, with a decision likely coming in June.

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Ready for a 255% premium hike?

Monday, March 2nd, 2015

Benefits Pro reports:

“Supreme Court ruling killing PPACA subsidies may cause premiums to skyrocket.

If the U.S. Supreme Court rules that federal subsidies under the Patient Protection and Affordable Care Act are invalid, 7.5 million Americans could face an average premium increase of 255 percent this year. And some could face an increase as much as 779 percent.

That’s the dire warning from consulting firm Avalere Health on the impact that the King vs. Burwell case could have on consumers. Arguments in the case begin March 4.

Avalere said 87 percent of federal exchange customers receive a subsidy. Therefore, the firm said killing the subsidies would cause “average monthly premium contributions for enrollees” to potentially increase “between 122 percent and 774 percent, depending on the state.” Residents in Alaska and Mississippi would see the highest percentage increases in their premium contributions, if the court rules in favor of the plaintiffs.

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The Next ACA Battle: Extending The Children’s Health Insurance Program

Monday, March 2nd, 2015

Forbes reports:

“The Affordable Care Act is an endless source of tortured political maneuverings.

Another example will soon demand Congress’ attention: Extending the Children’s Health Insurance Program (CHIP).   The program was created in 1997, in the aftermath of the failed Clinton health reform initiative, to provide health coverage for pregnant women and uninsured children in families that make too much to qualify for Medicaid. Congress votes regularly to extend this joint federal-state program.

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New CMS rules boost consumer protections in exchange plans

Friday, February 27th, 2015

Modern Healthcare Reports:

“The CMS Friday issued final market rules for 2016 (PDF) for the state and federal insurance exchanges. The regulations include stronger requirements for insurers to provide accessible, reliable information about provider networks and drug formularies so that exchange customers can make informed choices.

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Even U of C Medicine and Rush have health insurance problems

Friday, February 27th, 2015

Crain’s Chicago Business reports:

“Proving that no one is immune to the changes sweeping the health care industry, two of Chicago’s most prestigious teaching hospitals are being dinged by insurance companies trying to control costs.

Humana is ending a 20-year relationship with University of Chicago Medicine, which will be eliminated from the insurer’s networks April 1.

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Staples threatens to fire employees who work more than 25 hours a week

Thursday, February 26th, 2015

Yahoo Finance reports:

“Wikimedia Commons A Staples storefront. Part-time Staples workers are furious that they could be fired for working more than 25 hours a week.

The company implemented the policy to avoid paying benefits under the Affordable Care Act, reports Sapna Maheshwari at Buzzfeed. The healthcare law mandates that workers with more than 30 hours a week receive healthcare.

(more…)

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