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Posts Tagged ‘insurance news’

HHS: Health Care Premiums Likely To Go Up In 2015

Friday, April 4th, 2014

Insurance News Net reports:

“Health and Human Services Secretary Kathleen Sebelius says health insurance premiums are likely to increase in 2015.

Sebelius’s comments came Wednesday during a hearing of the House Committee on Ways and Means about the White House’s 2015 budget proposal, the Wall Street Journal reported.

“I think premiums are likely to go up, but at a smaller pace than what we’ve seen since 2010,” Sebelius said.

The increases seen in 2015 will likely be smaller than those seen in previous years, Sebelius said.

The number of young Americans signing up for health insurance has been below the level needed to keep premiums stable, the Wall Street Journal reported.

On Tuesday, the Obama administration said about 25 percent of people age 18 to 34 have signed up for Obamacare — lower than a 40 percent target believed needed to keep premiums relatively stable.

Overall, 4.2 million people have signed up for health insurance since October, the administration said.”

Support For Employer-Provided Health Plans Starts To Erode

Wednesday, April 2nd, 2014

Insurance News Net reports:

“The rumblings of employees dissatisfied with the value of employer-sponsored health benefits are getting louder.

But are the grumblings loud enough for employees to put their money where their mouths are? Are employees willing to walk out the door and leave their employer-sponsored cocoons, tossing all the value talk out the window?

(more…)

New Baby? Health Law Plans Not Set For Updates

Wednesday, January 8th, 2014

Insurance News Net reports:

“You were patient with the government’s kooky website, and now you have your health insurance card. That’s good, since your family is expecting a new baby.

But you may have to jump through more hoops to get the child formally added to your policy. The Obama administration confirms there currently is no way for consumers to update their coverage under the new health law for the birth of a baby and other common life changes.

(more…)

Obama Calls On Bartenders To Help Sell Health Care Reform

Friday, December 20th, 2013

Insurance News Net reports:

“President Obama wants young bartenders to give their customers a tip — sign up for health insurance under Obamacare.

Speaking at a White House Youth Summit on Wednesday, the president continued to enlist Americans from all walks to life to join in the effort to sell health care reform.

(more…)

ACA Trade-Off: Low Premium, High Deductible

Wednesday, October 2nd, 2013

Insurance News Net reports:

“You might be pleased with the low monthly premium for one of the new health insurance plans under President Barack Obama’s overhaul, but the added expense of copayments and deductibles could burn a hole in your wallet.

An independent analysis released Wednesday, on the heels of an administration report emphasizing affordable premiums, is helping to fill out the bottom line for consumers.

(more…)

The Tax Implications Of ACA

Tuesday, September 17th, 2013

Insurance News Net reports:

“The Economic Policy Institute issued the following news release:

In a new article in the September issue of Health Affairs, the leading journal of health policy, a team of researchers recommend expanded educational efforts to ensure that consumers signing up for health coverage through the newAffordable Care Act (ACA) take maximum advantage of possible tax credits while avoiding repayments.

(more…)

Health Plans Dropping Spouses; Are Children Next?

Tuesday, September 3rd, 2013

Insurance News Net reports:

“A growing number of companies are looking to clamp down on rising health care costs by dumping coverage for their employees’ working spouses.

Others are requiring their workers to pay extra money to cover a spouse who could get health insurance elsewhere. And some may even consider making employees pay the full cost of insuring their children.

(more…)

Insurance Through Employer A Better Deal Than Through Exchange

Tuesday, September 3rd, 2013

Insurance News Net reports:

“If you’re hearing about the new Health Insurance Marketplace and wondering if it might be a better deal than your employer’s insurance, the answer is: It probably isn’t.

People covered under most employer group insurance policies aren’t eligible for some of the Affordable Care Act cost-saving benefits — mainly tax credits. Without those tax credits, it’s extremely unlikely you’ll find a better deal on the insurance marketplace exchange.

(more…)

Long-Term Care Policies Ditch Solo Role For Supporting Act

Thursday, August 22nd, 2013

Insurance News Net reports:

“The stand-alone long-term care insurance market may be dormant as buyers shy away from high premiums and the relative inefficiency of long-term care coverage, but the combination insurance product market is hot.

Combination products, otherwise known as hybrid insurance, pair long-term care coverage with an annuity or life insurance. In return for one or more premium payments at retirement, a life care annuity pays fixed, periodic payments. In the event of a disability, the coverage provides additional payment to help cover the costs associated with long-term care.

(more…)

Delay Of Employer Penalties Will Cost Govt. $10B

Wednesday, July 31st, 2013

Insurance News reports:

“The Obama administration’s surprise decision to delay a key requirement of the health care law for employers will cost the government$10 billion, the nonpartisan Congressional Budget Office said Tuesday.

While that’s a big number, the report from the official budget scorekeeper for Congress put the administration’s recent move within a wider perspective: It adds up to an increase of less than 1 percent in the 10-year cost of the law.

(more…)

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