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Posts Tagged ‘Hoffman Estates’
Thursday, May 16th, 2013
The Washington Post reports:
“How does the Affordable Care Act affect children in low-income families and people who want to buy coverage on the new state insurance exchanges? Below find some answers to questions that were posed by readers.
I am the breadwinner for a family of five, including my wife and three kids. The insurance for me is cheap, but for the entire family it’s prohibitively expensive. I’d like to know if the health-reform law is doing anything for the kids of families — like mine — that earn less than 200 percent of the federal poverty level.
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Tags: Affordable Care Act, Bannockburn, Bensenville, Chicago, Chicagoland, deductibles, Downers Grove, East Dundee, enrollment, exchange, Fox Valley, Health insurance exchange, Hoffman Estates, Holiday Hills, insurance plan, Marengo, McCullom Lake, North West Suburbs, Northern Illinois, Northwest Suburbs, Richmond, Ringwood, the affordable care act
Posted in Insurance Reform | No Comments »
Thursday, May 16th, 2013
The Motley Fool reports:
“Obamacare could implode. I’m not saying that it will implode, and in fact this isn’t likely to happen. However, the possibility does exist. Here’s how it could happen — and what the aftermath would be if it did.
How it could happen While there are multiple ways that the ACA could fall apart, three stand out in my view as the most plausible paths. And each ties in with a different branch of government.
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Tags: Bull Valley, Carpentersville, Cary, Chicago, Chicagoland, exchange, Fox Valley, Hampshire, Hanover Park, Health and Human Services, Health insurance exchange, Hoffman Estates, Individual Mandate, insurance, North West Suburbs, Northern Illinois, Northwest Suburbs, Penalty, Prospect Heights
Posted in Insurance Reform | No Comments »
Wednesday, May 8th, 2013
CNN Money reports:
“Nearly 26 million Americans could be eligible for health insurance subsidies next year, but most don’t know it.
That’s because relatively few people are familiar with provisions in the Affordable Care Act, aka “Obamacare,” that will provide tax credits to low- and middle-income consumers to help them purchase health coverage through state-run insurance exchanges.
Most of those who will be able to claim the subsidies are in working families with annual earnings between $47,100 and $94,200, according to a recent analysis by Families USA, a consumer advocacy group. More than a third of those eligible will be young adults between ages 18 and 34. (more…)
Tags: affordable care, Affordable Care Act, Bensenville, Chicago, Chicagoland, Deer Park, Deerfield, Forest Park, Fox Valley, health insurance, health reform, Hoffman Estates, Individuals, Lake in the Hills, Medicaid, North West Suburbs, Northern Illinois, Northwest Suburbs, River Grove, subsidies, the affordable care act, West Chicago, West Dundee
Posted in Exchange | No Comments »
Wednesday, May 8th, 2013
Benefits Pro reports:
“Rejecting the Medicaid expansion in the federal health care law could have unexpected consequences for states where Republican lawmakers remain steadfastly opposed to what they scorn as “Obamacare.”
It could mean exposing businesses to Internal Revenue Service penalties and leaving low-income citizens unable to afford coverage even as legal immigrants get financial aid for their premiums. For the poorest people, it could virtually guarantee that they will remain uninsured and dependent on the emergency room at local hospitals that already face federal cutbacks.
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Tags: Affordable Care Act, barack obama, buffalo grove, Cary, Chicago, Chicagoland, Court Ruling, Fox Valley, health care law, Hoffman Estates, Massachusetts, Maywood, Medicaid, North West Suburbs, Northern Illinois, Northwest Suburbs, ObamaCare, Ringwood, River Grove, Riverwoods, Rolling Meadows, Supreme Court
Posted in Medicaid | No Comments »
Tuesday, April 30th, 2013
Employee Benefit Adviser reports:
“With a substantial portion of the Patient Protection and Affordable Care Act set to go into effect in 2014, employers are working to determine how the law will impact them, their business and their employees. Because the law will require most employers to provide affordable minimum essential health insurance coverage to full-time employees or face financial penalties, employers must understand how the law defines full-time workers, as well as the penalties that businesses can face for failing to comply or choosing not to provide coverage.
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Tags: Affordable Care Act, Algonquin, Carol Stream, Chicago, Chicagoland, Fox Valley, Government, health insurance, health insurance coverage, Hoffman Estates, North West Suburbs, Northern Illinois, Northwest Suburbs, Oswego, Palatine, Patient Protection
Posted in Insurance Reform | Comments Off
Tuesday, April 30th, 2013
Gantdaily.com reports:
“Washington, DC, United States (KaiserHealth) – The Obama administration is trying once again to convince Congress to provide more funding for the health law’s insurance exchanges, which are set to begin enrollment this fall.
According to figures released in the fiscal 2014 budget request Wednesday, the administration estimates that the federal government will spend about $4 billion on those federal- and state-run marketplaces for individual and small businesses purchasing insurance coverage.
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Tags: barack obama, Cary, Chicago, Chicagoland, enroll, enrollment, exchange, Fox Valley, Geneva, Genoa, Health and Human Services, health insurance, Health insurance exchange, Hoffman Estates, North West Suburbs, Northern Illinois, Northwest Suburbs, Oswego, Plato Center, small businesses
Posted in Exchange | Comments Off
Tuesday, April 30th, 2013
Crain’s Chicago Business reports:
“Job: Director of the Illinois Health Insurance Marketplace, an online shopping site for individual and small-group health insurance plans, full-time since January.
(more…)
Tags: barack obama, Cary, Chicago, Chicagoland, Elgin, enroll, enrollment, exchange, Fox Valley, health insurance marketplace, health plan, Hoffman Estates, Marketplace, North West Suburbs, Northern Illinois, Northwest Suburbs, Oswego, SHOP, subsidies
Posted in Insurance Reform | Comments Off
Tuesday, April 23rd, 2013
Insurance News Net reports:
“Traditional employers, particularly those with more than 50 workers, are unlikely to make any major changes to health insurance benefits as we go into 2014 and the viability of health insurance exchanges under the Affordable Care Act is tested.
That is the assessment of Stephen Zaharuk, health care industry analyst at Moody’s, in an interview with InsuranceNewsNet.
According to Zaharuk, traditional employers, even at the risk of a penalty, will be more hesitant to move employees to exchanges until they get a better picture of how they work. “I think that assessment will happen probably during 2014 to 2015. I don’t see a large disruption as we begin 2014 because there are so many things that are unknown,” he said.
In other words, Zaharuk does not anticipate a large number of employers cutting employee health benefits, as some people fear.
(more…)
Tags: Affordable Care Act, Carpentersville, Cary, Chicago, Chicagoland, exchange, Fox Valley, Hoffman Estates, Individual Mandate, North West Suburbs, Northern Illinois, Northwest Suburbs, Oakbrook Terrace, Oakwood Hills
Posted in Exchange | Comments Off
Wednesday, April 10th, 2013
MSNBC reports:
“A big part of the pitch for President Obama’s health care reform was that it would make health care insurance more affordable–heck, it was even in the name of the bill. But more than three years after the Affordable Care Act was signed into law, top Republicans say it’s making premiums more expensive. A recent report by the Society of Actuaries showed health care costs per person were expected to go up an average of $1,200 a year. The report estimates costs will rise in all but five states–and peak in states like Ohio and Wisconsin, where they could jump 80% or more.
(more…)
Tags: affordable care, Affordable Care Act, Batavia, Cary, Chicago, Chicagoland, Crystal Lake, Elgin, Fox Valley, Geneva, Health and Human Services, health care costs, health care reform, Hoffman Estates, insurance, North West Suburbs, Northern Illinois, Northwest Suburbs, premiums, River Grove, Riverwoods, the affordable care act
Posted in Insurance Reform | Comments Off
Wednesday, April 10th, 2013
Forbes reports:
“Now that states have decided what they are going to do about health insurance exchanges—those new shopping carts created by Obamacare to help consumers find health insurance who do not get it through their employers—the really tough part begins. State and federal governments need to make sure that consumers understand their health insurance choices.
(more…)
Tags: Alden, Algonquin, Cary, Chicago, Chicagoland, Crystal Lake, Elgin, exchange, Fox Valley, Health insurance exchange, health reform, Hoffman Estates, insurance, insurance plan, Maple Park, medical expenses, North West Suburbs, Northern Illinois, Northwest Suburbs, ObamaCare, Prospect Heights, SHOP, subsidies
Posted in Exchange | Comments Off
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