Businesses re-evaluate spousal coverage

by Eriksen Insurance | Jul 1, 2014 | Insurance Reform, Requirements

Benefits Pro reports: “When United Parcel Service (UPS) announced a major change in spousal insurance coverage, it was the shot heard ’round the benefits world. “I have been talking about working spouses with access to their own health insurance for more...

State delays ’employee choice’ on Obamacare insurance exchange

by Eriksen Insurance | Jul 1, 2014 | Health Laws

Crain’s Chicago Health Care Daily reports: “Illinois plans to delay by at least a year a key feature of its Obamacare health insurance exchange that potentially would give employees of small businesses more choices when shopping for coverage. “Employee...

Obamacare co-op Land of Lincoln loses money in first quarter

by Eriksen Insurance | Jun 26, 2014 | Family Health Insurance

Crains Chicago Health Care Daily reports: “Illinois’ only co-op health insurance program lost more than $4 million and enrolled fewer than 2,500 people in its first quarter of operation as it struggled to enter a market dominated by one massive competitor....

Beware pitfalls of health care subsidy: Spike in income could spell big tax bill

by Eriksen Insurance | Jun 26, 2014 | Health Insurance Cost, Subsidy

The Chicago Tribune reports: “Individuals receiving monthly premium subsidies to pay for health coverage purchased on the new exchanges should keep their eye out for Uncle Sam. You could owe a big tax bill on your 2014 return next spring if your income rises...

Obamacare Rule: Dump Employees Onto Exchanges, Face Big Taxes

by Eriksen Insurance | Jun 26, 2014 | Insurance Reform

Newsmax reports: “Employers who give money to their workers to help pay for insurance through Obamacare exchanges may be in for sticker shock when the taxman comes calling: the IRS considers such arrangements employer payment plans that don’t satisfy...