Latest News + Info
The latest information relating to the health insurance industry.
Health Benefit Costs Listed On Tax Forms
Insurance News Net reports: "Few people know the total cost of their health benefits or realize that family coverage can account for a fourth or more of their total compensation. For the first time, that cost is listed on their W-2 tax forms this year -- provided you...
Calculation of modified adjusted gross income (MAGI)
How is modified adjusted gross income (MAGI) calculated? Generally, your modified adjusted gross income (MAGI) is the total of your adjusted gross income and tax-exempt interest income you may have. These are the amounts on lines 37 and 8b of IRS from 1040. Some...
Humana CEO: Health care reform will push cost of insurance up next year
Courier-Journal reports: "If you are young and healthy, get ready to pay more for health insurance when the Affordable Care Act goes into effect next year, Humana CEO Bruce Broussard said Thursday. In a speech before the Rotary Club of Louisville, Broussard blamed a...
New Rates and Extended Policy Benefit Periods for Temporary Policies Are Available Now
The Aug. 1, 2012, rates for new and renewing SelecTEMP® PPO policies for one-to-six month benefit period options are continued for effective dates Feb 1, 2013, and later. Now, for effective dates Feb. 1, 2013, or later, a new benefit period option of up to 11 months...
The individual tax penalty
By now it is not news that starting 2014 every American is expected to have Health Insurance or pay a penalty, called the individual shared responsibility penalty. Lets go through the What? Who? Where? When? How? And Why? What is the penalty? The penalty...
HHS partners with Illinois on health insurance marketplace
HHS.gov reports: "Affordable health coverage to be available to Illinoisans in 2014 During a visit with Illinois Governor Pat Quinn to the Erie Health Center in Chicago today, Health and Human Services (HHS) Secretary Kathleen Sebelius announced that Illinois has been...
Sebelius in Chicago to push health insurance ‘marketplace’
Chicago Health Care Daily reports: "U.S. Health and Human Services Secretary Kathleen Sebelius will appear in Chicago today to kick off the rebranding of health insurance exchanges as “marketplaces” for health coverage. A key part of President Barack Obama's health...
UPDATE: Feds recruiting licensed broker, agent info for exchanges
Employee Benefit Advisor reports: "The Centers for Medicare and Medicaid Services is recruiting licensed brokers and agents for the health insurance exchanges set to open for enrollment in October. CMS, a division of the Department of Health and Human Services, will...
Most employers still plan to offer health coverage after reforms take effect
Business Insurance reports: "Despite increased costs and opposition to the health care reform law, the overwhelming majority of employers intend to keep providing health care coverage for their employees, according to a Business Insurance survey.Eighty-two percent of...
Senators To President: Hold Firm Against Union Health Care Demands
Insurance News Net reports: " The ranking Republican member of the Senate Finance Committee issued the following news release: 31 Republican Senators called on President Barack Obama to hold firm against union demands to expand access to the federal subsidies for...