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Trump Is Being Vague About What He Wants to Replace Obamacare. But There Are Clues.

Tuesday, April 9th, 2019

The New York Times reports:

“We don’t know what will emerge as President Trump’s plan to replace Obamacare, which he has promised to unveil immediately after the 2020 elections. But he has recently endorsed several proposals, and they could provide clues.

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Hospitals to list service prices starting January 1 due to new federal rule

Thursday, January 3rd, 2019

ABC Action News reports:

“TAMPA, Fla. — Starting next Wednesday, hospitals will be required to post master lists of prices for their services online.

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Legislation Opens Door for Retirement Match on Student Loan Repayments

Thursday, January 3rd, 2019

NAPA net reports:

“Sen. Ron Wyden (D-OR), Ranking Member of the Senate Finance Committee, has introduced legislation that would permit 401(k), 403(b), and SIMPLE retirement plans to make matching contributions to workers as if their student loan payments were salary reduction contributions.

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Modified Adjusted Gross Income under the Affordable Care Act

Monday, November 3rd, 2014

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 exchange subsidies, income will be based on your attestation of your expected income in 2015 and will be verified by the exchange with documentation from your most recent tax return, with consideration of reasonable changes you expect. Exchanges will calculate enrollees’ household incomes using Modified Adjusted Gross Income, or MAGI.  The MAGI calculation includes such income sources as wages, salary, foreign income, interest, dividends, and Social Security. MAGI calculation does not include income from gifts, inheritance and some other income sources are partially excluded. More information on MAGI is available here

MAGI_summary13

Health insurance terms you need to know for Affordable Care Act

Wednesday, November 20th, 2013

The Detroit Free Press reports:

Co-payment: A fixed amount you pay for a covered health service. Usually paid when you receive the service.

Deductible: The amount you pay for health care services your health insurance plan covers before your health insurance plan begins to pay.

The Health Insurance Marketplace (also known as the Exchange): Administered by the federal government at http://www.healthcare.gov. Designed to make buying health coverage easier and more affordable.

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White House: No Subsidies For Union Health Plans

Tuesday, September 17th, 2013

Insurance News Net reports:

“Low-income workers on union health plans are not eligible for the same federal subsidies available to those who buy insurance in the new state health care marketplaces, the White House said Friday.

The decision is a disappointment for labor unions, coming shortly after top union officials met for more than an hour with President Barack Obama to press their case that subsidies could be extended to union-sponsored plans.

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U.S. Businesses Pay About $6,000 Extra For Workers Who Smoke

Thursday, June 20th, 2013

Insurance News Net reports:

“U.S. businesses pay $6,000 per year extra for each employee who smokes compared with someone who has never smoked cigarettes, researchers say.

Lead author Micah Berman, an assistant professor of health services management and policy in the Ohio State University College of Public Health and Moritz College of Law who began the research while on the law faculty ofCapital University in Columbus, said the team analyzed the cost of absenteeism, lost productivity, smoke breaks and healthcare costs of employees who smoked.

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Workers Aren’t Ready For Health Reform

Wednesday, May 8th, 2013

Insurance News Net reports:

“National health reform and cost-cutting by employers is changing the way many workers get health insurance, but a majority of employees may not understand what’s ahead.

The Aflac Work Forces Report, the insurer’s third annual employee benefits study, polled 5,299 employees across the country and found that three-fourths said they’d never heard the phrase “consumer-driven health care.”

That’s a problem. Consumer-driven health care is the direction the nation is moving. It’s the underlying concept that requires individuals to take more control over their health care spending.

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State and federal health insurance exchanges

Monday, April 15th, 2013

Aetna reports:

Understanding the basics 

Public exchanges are one of the hottest topics in our industry right now. How will they transform the health insurance landscape when they open their doors in October of this year?

It’s helpful to start with the basics – what are public exchanges, how will they work, and what new features will they offer.

(more…)

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