“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.
Posts Tagged ‘insurance news’
“The U.S. Department of Health & Human Services’ Administration for Children & Families’ Office of the Deputy Assistant Secretary and Interdepartmental Liaison for Early Childhood Development issued the following news: The Affordable Care Act (https://www.acf.hhs.gov/programs/ecd/child-health-development/affordable-care-act) is working to deliver affordability, access, and quality to millions of Americans across the country. To find the latest and most accurate information about the Marketplace visit HealthCare.gov. If you have health coverage through the Marketplace, it’s time to review your plan and decide if you need to make changes for 2015.
“Although the open enrollment period forhealth insurance under the Affordable Care Act ended in April, college graduates have several other options for coverage.
The website, healthcare.gov, says college graduates, who do not have health insurance provided from an employer, can enroll in private plans outside the online healthcare marketplace from health insurance companies.
“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.”
“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?
“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.
“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.
“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.
“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.