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Posts Tagged ‘Glendale Heights’

How much more will health care cost your company in 2018?

Friday, August 18th, 2017

Crain’s Chicago Business reports:

“Around this time of year, many human resources executives and brokers are putting the finishing touches on health insurance plans they’ll offer to employees in the fall. They face tough questions: Will rising costs be swallowed by the company? Or will the bitter pill be passed down to employees?

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What will you see on Obamacare exchange for 2017? Details start to emerge

Monday, October 31st, 2016

The Chicago Tribune reports:

“Though full details won’t be released until later this month, some information is starting to trickle out about what Illinois residents will and won’t find when they shop for health insurance on the state’s Affordable Care Act exchange.

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Cigna to Offer Individual and Family Plans in Chicago Area

Monday, October 31st, 2016

Business Wire reports:

“Cigna (NYSE: CI), already a leading provider of employer-sponsored group health plans in Illinois and across the United States, is introducing new individual and family medical plans in the Chicago area, both on and off the federal public marketplace. The new plans, called Cigna Connect, will take effect on January 1, 2017.

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Land of Lincoln just 1 in long line of ACA health co-op failures

Wednesday, July 20th, 2016

The Chicago Sun-Times reports:

“The state’s shutdown of its three-year-old Land of Lincoln Health was no surprise, observers say, coming amidst a nationwide trail of failures of nonprofit alternative insurers set up under the Affordable Care Act.

Those insurers faced many obstacles, but most important were two financial hits: the federal government’s reneging on hundreds of millions of dollars in subsidies promised under ACA, while at the same time demanding the struggling startups pony up hundreds of millions in other contributions required under that law.

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IRS Grants Extension for 6055 and 6056 Reporting

Tuesday, January 26th, 2016

According to United Healthcare, Broker Connection Special Edition:

“On Dec. 28, 2015, the IRS announced that it is granting an automatic extension for the 2015 information returns required of insurers, employers and certain other providers of Minimum Essential Coverage (MEC) under Section 6055 and 6056 of the Internal Revenue Code (IRC).

Coverage providers that need more time now have until March 31 to get Form 1095 to individuals and until June 30 to electronically file with the IRS. For providers not filing electronically, the deadline is May 31, 2016. (more…)

Will Only Suckers Pay The ObamaCare Tax Penalty?

Friday, February 27th, 2015

Investor’s Business Daily reports:

“This year, as many as 6 million taxpayers will learn that they now owe a “Shared Responsibility Payment” because they didn’t have health insurance last year.

The SRP is a clumsy euphemism for the ObamaCare individual mandate tax penalty, which is $95 or 1% of household income, whichever is greater, for those who didn’t have insurance in 2014. That increases to the greater of $325 or 2% of income for those who don’t have insurance this year, and then to $695 or 2.5% of income the year after that.

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Medical Debt Still a Problem Under Health Law — Despite Protections

Tuesday, February 10th, 2015

Kaiser Health News reports:

“Elizabeth and Britt Harmon struggled for years to have a child, and were thrilled when their son Orin was born in February 2013. But they were unprepared for the medical problems that then upended the Brooksville, Maine couple’s lives.

Orin was born with pulmonary stenosis, a heart condition, and severe asthma.  He required constant care, including frequent trips to the hospital and medications that cost hundreds of dollars. The Harmons had insurance through Britt’s job at a plumbing company, but it covered “maybe half” of their child’s medical expenses, Elizabeth said.

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