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Posts Tagged ‘Advisor’

Medical Debt Still a Problem Under Health Law — Despite Protections

Tuesday, February 10th, 2015

Kaiser Health News reports:

“Elizabeth and Britt Harmon struggled for years to have a child, and were thrilled when their son Orin was born in February 2013. But they were unprepared for the medical problems that then upended the Brooksville, Maine couple’s lives.

Orin was born with pulmonary stenosis, a heart condition, and severe asthma.  He required constant care, including frequent trips to the hospital and medications that cost hundreds of dollars. The Harmons had insurance through Britt’s job at a plumbing company, but it covered “maybe half” of their child’s medical expenses, Elizabeth said.


4 Good Reasons Why Small Businesses Are Dropping Health Insurance

Thursday, June 12th, 2014 reports:

“So far, few small businesses have signed up for group health insurance through the new exchanges created by Obamacare. Here’s why.

The Obama administration has been touting its success at getting 8 million Americans signed up for individual health plans through new health-insurance marketplaces. But so far, it has kept mum about the number of small businesses that have enrolled in group plans via SHOP marketplaces, designed to help companies with 50 or fewer full-time-equivalent employees find affordable coverage. These federally-run exchanges are the default option in 34 states that declined to manage their own insurance marketplaces.


Long-Term Care Policies Ditch Solo Role For Supporting Act

Thursday, August 22nd, 2013

Insurance News Net reports:

“The stand-alone long-term care insurance market may be dormant as buyers shy away from high premiums and the relative inefficiency of long-term care coverage, but the combination insurance product market is hot.

Combination products, otherwise known as hybrid insurance, pair long-term care coverage with an annuity or life insurance. In return for one or more premium payments at retirement, a life care annuity pays fixed, periodic payments. In the event of a disability, the coverage provides additional payment to help cover the costs associated with long-term care.


Counting to 90: ACA and the waiting period

Monday, May 13th, 2013

Employee Benefit Adviser reports:

“Under the Affordable Care Act, once we decide who we have to offer coverage to, then we have to decide when they get the coverage. Generally the new rule is that a waiting period for coverage cannot exceed 90 days. More recently, the IRS has given us proposed rules on the 90 day waiting period. As with all proposed rules, they are not final until they are final, but these do give employers some additional guidance on how to maintain the correct waiting period.


Tax Season Savings! Reminder: How to Claim the Small Business Health Care Tax Credit

Monday, May 6th, 2013

U.S. Small Business Administration reports:

“One of the ways in which the Affordable Care Act helps bring down costs for small employers is through the tax credit available to eligible small businesses that provide health care insurance to their employees. The credit significantly offsets the cost of providing insurance and with the 2012 tax filing deadline fast approaching, you don’t want to let this valuable tax break pass you by.  Here’s what you need to know about eligibility and how to claim the credit:


UPDATE: Feds recruiting licensed broker, agent info for exchanges

Friday, March 1st, 2013

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 begin collecting personal and professional information such as location and licensure status from brokers and agents — a process that has yet to begin.


Illinois Health Benefit Exchange

Wednesday, February 13th, 2013

The following link is an article which explains how Brokers can help save you money.

Premiums set to rise this year in run-up to ObamaCare tax on insurance industry

Friday, January 25th, 2013

Fox News reports:

“While the most sweeping provisions of the health care overhaul have not yet gone into effect, plenty of Americans will still be paying higher insurance premiums this year — as insurance companies try to preemptively cover the cost of a tax increase included in President Obama’s Affordable Care Act.

That tax doesn’t take effect until next year, when other major provisions like the so-called “individual mandate” and insurance subsidies also kick in. But that hasn’t stopped insurance companies from charging higher premiums this year to cover the hike, as well as the cost of ObamaCare benefits such as free birth control and preventive care.


IRS health care reform guidance reduces likelihood of unintended breaches

Tuesday, January 22nd, 2013

Business Insurance reports:

Long-awaited Internal Revenue Service proposed regulations favorably resolve key questions about a key health care reform law provision that imposes stiff penalties on employers that do not offer coverage.“Certainty is what employers clamored for. Getting these rules is very welcome news,” said Paul Dennett, senior vice president-health care reform with the American Benefits Council in Washington. (more…)

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