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Posts Tagged ‘2016’

IRS Grants Extension for 6055 and 6056 Reporting

Tuesday, January 26th, 2016

According to United Healthcare, Broker Connection Special Edition:

“On Dec. 28, 2015, the IRS announced that it is granting an automatic extension for the 2015 information returns required of insurers, employers and certain other providers of Minimum Essential Coverage (MEC) under Section 6055 and 6056 of the Internal Revenue Code (IRC).

Coverage providers that need more time now have until March 31 to get Form 1095 to individuals and until June 30 to electronically file with the IRS. For providers not filing electronically, the deadline is May 31, 2016. (more…)

Here’s What Medicare Part B Costs and Covers in 2016

Tuesday, January 26th, 2016

According to The Motley Fool:

“Learn how this part of the Medicare program works. 

Retirees rely on Medicare to help them with their healthcare expenses, but getting a better understanding of how the program’s different components can be challenging. Medicare Part B plays a key role in the everyday aspects of healthcare, and below, you’ll learn more of the specifics of how much Part B costs and what it covers.

What Medicare Part B costs
Medicare participants pay a monthly premium to get Part B coverage, but one of the more confusing things about the program in 2016 is that different participants pay different amounts. The standard charge for most new participants this year is $121.80 per month. But because of a law that ties Medicare increases to cost-of-living adjustments for Social Security, the majority of existing participants will pay the $104.90 monthly premium they paid in 2015. (more…)

Blue Cross, Advocate team up on new health insurance plan

Monday, January 11th, 2016

Crains Chicago Business Reports:

“Blue Cross & Blue Shield of Illinois and Advocate Health Care are teaming up to offer a health plan that will be one of the cheapest options the insurer offers on and off the Obamacare exchange.
The plan, called BlueCare Direct, is a marriage of two giants. Blue Cross is the largest health insurer in the state, and Downers Grove-based Advocate is the largest health care system, with 12 hospitals and more than 4,000 doctors.

The BlueCare Direct network will include 250 of Advocate’s sites of care in Cook, DuPage, Lake, Kane and Will counties, including nine of its hospitals and a children’s hospital with two campuses. Enrollees can stick with their primary care doctor outside of Advocate’s system, but the plan will not cover it, said Dr. Lee Sacks, chief medical officer for Advocate.

(more…)

​What you need to know about Obamacare tax forms

Monday, January 11th, 2016

CBS Rports:

Tax filing is getting even more complicated. The Affordable Care Act (ACA) requires employers and health insurance companies to give the IRS information about your income and health insurance coverage. So, the IRS has created three new tax forms, and you’ll need them to prove you have health insurance and, therefore, aren’t required to pay any tax penalties. You’ll also need them to make a claim for tax credits you’re entitled to. (more…)

2016 Healthcare.gov Help

Thursday, October 29th, 2015

Open enrollment period for 2016 is November 1st, 2015 to January 31, 2016. You must sign up before December 15, 2015 to get a January 1, 2016 start date.

Enrolling though Healthcare.gov can be very difficult and confusing to do by yourself. When you call them directly, their help line is usually not helpful and has just as hard a time as you did. Let The Eriksen Insurance Group help. Having done hundreds of applications on the Healthcare.gov’s system, we know the best, most accurate way to get you the subsidy you deserve.

It is best to have already picked out the plans you want to buy before starting the Healthcare.gov application, as this will allow the entire application to be processed in one go. This page has detailed instructions to get your account ready on Healthcare.gov and get you too a place where we can take over and finish the enrollment correctly.

Steps for enrollment on Healthcare.gov

Already have an account:

  1. Get your log in information together
  2. Make sure your password still works (if it has been a while you may need to reset your password)
  3. Once you know you can log in, contact Eriksen Insurance and we can help you fill out your 2016 application over the phone

Need a new account:

  1. Use this Link to go to the account creation page
  2. Create a log in
  3. Within about an hour you will receive an email, click on the link in that email to activate your account
  4. STOP
  5. Contact Eriksen Insurance and we can take it from there

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