Section 6055 Reporting of Health Plan “Minimum Essential Coverage” for Small and Large Employers

by Eriksen Insurance | Nov 3, 2014 | Insurance Reform

JD Supra reports: “Starting in 2016, Section 6055 of the Internal Revenue Code, which was added by the Health Care Reform Act, requires all entities providing “minimum essential coverage” (MEC) to submit information to the IRS concerning each covered individual,...

Blue Cross and Blue Shield of Illinois Offers Assistance to Consumers for Upcoming Open Enrollment

by Eriksen Insurance | Nov 3, 2014 | Insurance Reform

  Insurance News Net reports: “With as many as 1.8 million uninsured in Illinois, Blue Cross and Blue Shield of Illinois (BCBSIL) is mobilizing its resources across the state to help people better understand insurance coverage options and the financial...

Modified Adjusted Gross Income under the Affordable Care Act

by Eriksen Insurance | Nov 3, 2014 | Uncategorized

For individual/family plans, what is included in household income for subsidy determination? How do I know what to state for my income to determine subsidies? Household income includes incomes of the taxpayer, spouse, and dependents. In determining eligibility for...

How much will Apple bite into consumer health?

by Eriksen Insurance | Nov 3, 2014 | Insurance Reform

Benefits Pro reports: “Apple’s recent moves in the health and wellness technology segment are not yet on the level of game-changers such as the iPod and the iPhone. But the coming release of the Apple Watch and the company’s HealthKit app has people talking —...

There Are 30 Ways to Avoid the Penalty for Not Buying Health Insurance

by Eriksen Insurance | Oct 17, 2014 | Health Reform

Yahoo Finance reports: “Tens of millions of Americans without health insurance risk being fined by the IRS as part of the Affordable Care Act, which imposes a tax penalty on those who didn’t purchase medical insurance. But tax experts say up to 20 million people...