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Employer Paid Individual Health Insurance Policies Create the Potential for Significant Penalties, but Limited Relief is Available

by Eriksen Insurance | Jun 25, 2015 | Health Insurance Cost, Insurance Reform

National Law Review reports: “Despite guidance from the Internal Revenue Service (“IRS”), the Department of Labor (“DOL”) and the Department of Health and Human Services (“HHS”) indicating the prohibition of the practice under the Affordable Care Act (“ACA”),...

Annual family health costs hit nearly $25K

by Eriksen Insurance | Jun 25, 2015 | Affordable Care Act, Family Health Insurance

Benefits Pro reports: “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...

A $394 million Obamacare tax for Illinois

by Eriksen Insurance | Jun 25, 2015 | Affordable Care Act, Illinois

Crain’s Chicago Business reports: “There’s more than a touch of absurdity in the way an industry fee in President Barack Obama’s health care law is being passed along to state taxpayers. As Alice in Wonderland might say, a curious tax just got...

IRS sets 2016 HSA limits

by Eriksen Insurance | Jun 25, 2015 | Heath Care Costs

Benefits Pro reports: “The IRS said it is raising the maximum allowable contribution to a health savings account by $100 in 2016 — but only for families. The IRS quietly announced last week that the maximum contribution that can be made next year to an HSA...

Feds close insurance loopholes on preventive care

by Eriksen Insurance | Jun 25, 2015 | Health Reform

Yahoo Finance reports: ” From contraception to colonoscopies, the Obama administration Monday closed a series of insurance loopholes on coverage of preventive care. The department of Health and Human Services said insurers must cover at least one birth control...
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