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Posts Tagged ‘Affordable Care Act’

4 New Exemptions To The Tax Penalty For Lacking Health Insurance

Tuesday, May 8th, 2018

NPR reports:

“There already have been more than a dozen reasons U.S. consumers can use to avoid paying the penalty for not having health insurance. Now the federal government has added four more.

These “hardship exemptions” let people off the hook if they can’t find a marketplace plan that meets not only their coverage needs but also reflects their view if they are opposed to abortion.

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Most Short-Term Health Plans Don’t Cover Drug Treatment or Prescription Drugs, and None Cover Maternity Care

Tuesday, May 8th, 2018

KFF reports:

“A new Kaiser Family Foundation analysis of short-term, limited duration health plans for sale through two major national online brokers finds big gaps in the benefits they offer.

Through an executive order and proposed new regulations, the Trump Administration is seeking to encourage broader use of short-term, limited duration health plans as a cheaper alternative to individual market plans that comply with the Affordable Care Act’s requirements. Repeal of the individual mandate penalty – which currently applies to people buying short-term plans – is also expected to boost enrollment starting next year.

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What is Trump’s New Short-Term Health Insurance Order?

Tuesday, May 8th, 2018

Investopedia reports:

“On February 20, 2018, the Departments of Health and Human Services (HHS), Labor and the Treasury released a proposed rule that would increase the length of coverage for short-term health insurance plans from three months to 364 days. They proposed this rule in response to an executive order President Trump issued in October 2017 telling these departments to propose regulations or guidance that would make this type of insurance more available in order to encourage consumer choice and provider competition in the health insurance market.

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Trump administration releases association health plan rule

Friday, February 2nd, 2018

Axios reports:

“The Department of Health and Human Services has posted its long-awaited proposed rule to make it easier to form “association health plans,” aimed at groups of workers who team up to get better deals on health insurance. Among other things, the rule would encourage these kinds of plans by removing the requirement that says associations have to have a purpose besides health insurance.

The bottom line: The rule says its goal is to help small businesses buy health coverage more easily, but the bigger question is whether they’d pull healthy people out of the Affordable Care Act exchanges.”

ACA Marketplace Plan Issues Threaten Consumers’ Financial Well-Being

Thursday, February 1st, 2018

The Observer reports:

“If you bought health insurance during the Affordable Care Act open enrollment, congratulations. Your major health care needs, known and unknown, should be covered without risk of financial ruin. You may feel you are set until the next open enrollment. But you might actually have more work to do to make sure you are truly protected.

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Rauner plays it safe on likely doomed GOP Senate Obamacare bill

Wednesday, October 11th, 2017

The Chicago Suntimes reports:

“The potential for Senate Republicans to unravel Obamacare this week diminished on Sunday, when two GOP senators, Susan Collins of Maine and Ted Cruz of Texas said their support was unlikely.

Even though the bill drafted by Sens. Lindsey Graham R-S.C. and Bill Cassidy R-La., is on the verge of failure — and may not even get a vote by the end of the month — as long as Republicans control the House, Senate and the White House, attempts may continue to repeal and replace the Affordable Care Act, former President Barack Obama’s signature health insurance plan.

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Trump Administration Sharply Cuts Spending on Health Law Enrollment

Tuesday, September 19th, 2017

The NY Times reports:

“The Trump administration is slashing spending on advertising and promotion for enrollment under the Affordable Care Act, a move some critics charged was a blatant attempt to sabotage the law.

Officials with the Department of Health and Human Services, who insisted on not being identified during a conference call with reporters, said on Thursday that the advertising budget for the open enrollment period that starts in November would be cut to $10 million, compared with $100 million spent by the Obama administration last year, a drop of 90 percent. Additionally, grants to about 100 nonprofit groups, known as navigators, that help people enroll in health plans offered by the insurance marketplaces will be cut to a total of $36 million, from about $63 million.

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Most common questions about ACA insurance

Tuesday, September 19th, 2017

Yahoo Finance reports:

“Welcome to Fix My Finances, a Yahoo Finance personal finance series. Each episode, we take a look at one viewer’s financial state of affairs and offer advice, insight and information on a variety of issues, including how to save more, spend less and pay off lingering debt.

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