Latest News + Info
The latest information relating to the health insurance industry.
Questions and Answers on the Individual Shared Responsibility Provision
IRS.gov reports: "Basic Information 1. What is the individual shared responsibility provision? Under the Affordable Care Act, the federal government, state governments, insurers, employers, and individuals are given shared responsibility to reform and improve the...
Five Things CEOs Should Know About Health Care Exchanges
Forbes reports: "Now that the 2012 presidential election is in our rear-view mirror, the Affordable Care Act (aka “Obamacare”) looks like it’s here to stay. With it comes an interesting decision for chief executive officers to make by 2014: Should your company keep...
Some Families To Be Priced Out Of Health Overhaul
Insurance News Net reports: "Some families could get priced out of health insurance due to what's being called a glitch in President Barack Obama's overhaul law. IRS regulations issued Wednesday disappointed liberal backers of the president's plan, who had hoped for a...
IRS issues final regulations on health care reform affordability
Business Insurance reports: "Employers will not be hit with a stiff financial penalty and employees will not be eligible for federal premium subsidies to buy coverage in public health insurance exchanges regardless of how much employers charge for family coverage,...
New health care markets on the way
Yahoo News reports: "Buying your own health insurance will never be the same. This fall, new insurance markets called exchanges will open in each state, marking the long-awaited and much-debated debut of President Barack Obama's health care overhaul. The goal is...
Illinois Health Benefit Exchange
The following link is an article which explains how Brokers can help save you money. https://www.erikseninsurance.com/wp-content/uploads/2013/02/HealthReformWhitePaper_Oct11Revision.pdf
Health Care Reform – Adjusted Gross Income VS Modified AGI
Zane Benefits reports: "Modified Adjusted Gross Income is a measure used by the IRS to determine if a taxpayer is eligible to use certain deductions, credits, or retirement plans. Beginning in 2014, individuals who purchase health insurance coverage through one of the...
IRS Issues More “Play or Pay” Guidance
Benefits in Brief reports: "Shortly before 2012 came to an end, the IRS issued proposed regulations and Frequently Asked Questions concerning the employer “play or pay” provisions of the Affordable Care Act (“ACA”). More formally known as the employer “shared...
TurboTax, Not Travelocity, May Be Better Analogy For Health Exchanges
Kaiser Health News reports: "For years, we've been hearing that health insurance exchanges created by the Affordable Care Act are going to be "online marketplaces, like Travelocity" where people will buy health policies like plane tickets. But a consumer focus group...
Smokers face stiff penalties under health care reform
Oregon Live reports: "WASHINGTON — Millions of smokers could be priced out of health insurance because of tobacco penalties in President Barack Obama's health care law, according to experts who are just now teasing out the potential impact of a little-noted provision...