| |
|
|
Blog |
Archive for the ‘Insurance Reform’ Category
Tuesday, May 8th, 2018
NPR reports:
“There already have been more than a dozen reasons U.S. consumers can use to avoid paying the penalty for not having health insurance. Now the federal government has added four more.
These “hardship exemptions” let people off the hook if they can’t find a marketplace plan that meets not only their coverage needs but also reflects their view if they are opposed to abortion.
(more…)
Tags: Affordable Care Act, Barrington, Barrington Hills, Bartlett, Batavia, buy health insurance, Dundee, DuPage, DuPage County, East Dundee, enroll, health reform, Tax
Posted in Affordable Care Act, Insurance Reform | Comments Off on 4 New Exemptions To The Tax Penalty For Lacking Health Insurance
Monday, October 30th, 2017
The Chicago Tribune reports:
“As open enrollment for health insurance begins Wednesday, Nov. 1, and several changes have occurred or been proposed, I decided to check in with two industry experts for their advice on what you need to know.
(more…)
Tags: Chicago, Chicagoland, Cicero, Cigna, Clinton, enrollment, health plan, healthcare.gov, individual insurance, insurance broker
Posted in Insurance Reform | Comments Off on Health insurance and open enrollment – what you need to know
Thursday, April 28th, 2016
According to News Max Finance:
” Well, the hammer has fallen: The largest health insurer in the U.S. has started pulling out of select Obamacare exchanges.
Five months ago UnitedHealth, which had been singing sunny songs to investors about its bright future on the exchanges, abruptly began crooning the blues. In an earnings call barely a month after executives assured investors that all was going swimmingly, they confessed that they were losing a ton of money on their Obamacare policies and described a pattern that sounded as if consumers were gaming the system — signing up for a few months, using a ton of services, and then canceling their policies. If this continued, they said, they would have no choice but to pull out of the exchange business. (more…)
Tags: ACA, affordable care, Affordable Care Act, Albany Park, Andersonville, aurora, Bartlett, Batavia, Bucktown, budget cuts, buying insurance, Carpentersville, Cary, Changeing Health Care, Chicago, Chicagoland, Cook, Cook County, Costs, Crystal Lake, DeKalb, DeKalb County, Downers Grove, East Dundee, Elgin, Elmwood Park, employer health insurance, enroll, enrollment, Fox River Grove, health care costs, health care law, health care reform, health insurance costs, health insurance coverage, Health insurance exchange, health insurance marketplace, health insurance reform, health plan, health reform, healthcare reform, Huntley, insurance industry, insurance news, insurance plan, Insurance Reform, Kane, Kane County, Kaneville, Lake County, Lake View, Lisle, Long Grove, Marketplace, McHenery, McHenry, McHenry County, Mr. Obama, Naperville, new health care, New health insurance law ACA, North Aurora, North West Suburbs, Northern Illinois, Northwest Suburbs, Oakbrook Terrace, Oswego, Park Ridge, Ringwood, Rolling Meadows, Roselle, Schaumburg, state health insurance, the affordable care act, UHC, United Health Care, United Healthcare, UnitedHealthcare, Villa Park, Wasco, West Chicago, Wicker Park, Will, Will County, Woodstock
Posted in Affordable Care Act, Exchange, Health Insurance News, Insurance Reform | Comments Off on Obamacare Encounters Another Bump in the Road
Monday, March 21st, 2016
The New York Times reports:
“The Internal Revenue Service is warning consumers about tax scams involving the Affordable Care Act and penalties imposed under the law on people who go without health insurance.
In some cases, the agency said, unscrupulous tax preparers tell clients to pay the penalties directly to them, and they keep the money.
(more…)
Tags: Andersonville, Arlington Heights, Bannockburn, Barrington, Barrington Hills
Posted in Insurance Reform | Comments Off on Tax Scams Are Targeting Uninsured, I.R.S. Warns
Tuesday, October 20th, 2015
Crain’s Chicago Business reports:
“Kraft Heinz Co., which counts Warren Buffett’s Berkshire Hathaway Inc. as its largest shareholder, is pushing some of its retirees to health exchanges as the company cuts expenses.
The foodmaker is eliminating some benefits as it seeks to provide care in “the most cost-effective manner,” according to a letter to retirees and their spouses dated Sept. 1, a copy of which was obtained by Bloomberg.
(more…)
Tags: Arlington Heights, Barrington, Barrington Hills, Bartlett, Batavia, exchange, health plan, individual, insurance, Marketplace, Medicare
Posted in Exchange, Insurance Reform | Comments Off on Kraft Heinz pushes retirees to health exchanges
Wednesday, September 16th, 2015
The Washington Times reports:
“A quirk in the law means the IRS will never be able to recoup nearly $350 million in overpayments on Obamacare tax credits last year, and one top senator says he is worried that fraudsters will exploit the loophole to wring more cash out of the government.
Most customers in the health care law’s insurance exchanges get taxpayer-funded subsidies to help cover their premiums, and the amount is based on their expected earnings. At the end of the year, they are supposed to square their anticipated earnings with what they actually made. Because most exchange members received higher incomes — through promotions or better jobs — they have to repay the IRS.
(more…)
Tags: Affordable Care Act, Health and Human Services, individual, Individuals, Stone Park, Streamwood, subsidies, Sycamore, the affordable care act, Tower Lakes, Trout Valley
Posted in Affordable Care Act, Subsidy | Comments Off on IRS may never recoup $350 million in Obamacare tax credit overpayments
Monday, July 13th, 2015
Benefits Pro reports:
” About 1.5 million people dropped off health insurance coverage rolls this year after failing to pay for policies they picked on the Obamacare marketplaces.
That left 10.2 million covered by Affordable Care Act policies as of March 31, up from 6.3 million at the end of 2014, the Centers for Medicare & Medicaid Services said today. Eighty- five percent got subsidies to help them afford coverage.
(more…)
Tags: Affordable Care Act, Downers Grove, Dundee, DuPage, DuPage County, East Dundee, Elburn, Elgin, Elmhurst, Elmwood Park, employees, Government, Health and Human Services, health insurance coverage, Marketplace, ObamaCare, subsidies
Posted in Health Care .gov, Health Insurance News, Insurance Reform | Comments Off on PPACA dropouts cut enrollment by 1.5 million
Monday, July 13th, 2015
Business Insurance reports:
“It looks like the Obama administration may have another big legal headache in defending the Affordable Care Act.
A Republican-appointed judge’s comments Thursday suggest that it’s very possible the administration will have to fight a new high-stakes court battle to save another key affordable coverage feature of the law. (more…)
Tags: Affordable Care Act, Bensenville, Berwyn, Big Rock, Boulder Hill, Broker, deductibles, exchange, health reform, the affordable care act
Posted in Health Laws, Insurance Reform | Comments Off on Judge’s comments signal another legal nightmare for health reform law
Thursday, June 25th, 2015
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”), some employers continue to reimburse employees for health insurance premiums. This practice could lead to thousands of dollars in penalties.
Notice 2015-17 is the IRS’ most recent guidance on such arrangements, reaching the same conclusions. It also, however, provides welcome penalty relief for certain employers.
(more…)
Tags: accident, affordable care, Affordable Care Act, Aflac, Alden, Algonquin, application, Health and Human Services, individual health insurance, Minimum Essential Coverage, requirements, the affordable care act
Posted in Health Insurance Cost, Insurance Reform | Comments Off on Employer Paid Individual Health Insurance Policies Create the Potential for Significant Penalties, but Limited Relief is Available
Tuesday, May 5th, 2015
Indiana Economic Digest reports:
“We’ve found yet another reason to mistrust a government bureaucracy that takes money citizens earned and treats citizens like serfs. The government class often act like the put upon factory foremen, whether it is making the sick wait in a line too many don’t survive trying see a physician at a Veterans Hospital or forcing the poor to jump through innumerable hoops to obtain Medicaid while hoping a loophole can be found to disqualify a person obviously in need. This last cultural trend became widespread in Indiana during Mitch Daniels’ time as governor.
(more…)
Tags: Government, Hampshire, Hanover Park, Harvard, Harwood Heights, health, health insurance, healthcare.gov, Hebron, IRS, MAGI, Marketplace, Medicaid, medicaid coverage, Modified Adjusted Gross Income, Tax, Union
Posted in Health Care .gov, Insurance Reform | Comments Off on Making government our last resort
|
|
|
|
|
