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Posts Tagged ‘Bannockburn’

Beware pitfalls of health care subsidy: Spike in income could spell big tax bill

Thursday, June 26th, 2014

The Chicago Tribune reports:

“Individuals receiving monthly premium subsidies to pay for health coverage purchased on the new exchanges should keep their eye out for Uncle Sam. You could owe a big tax bill on your 2014 return next spring if your income rises during the year and you don’t report the change to the exchange.

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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.

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Obama’s health care law shifts big unions’ political alliances to GOP

Tuesday, July 23rd, 2013

The Washington Times reports:

“Discord over President Obama’s health care law is forging strange alliances, with top Republicans reaching out to union bosses who helped Democrats muscle the legislation through Congress three years ago but now say the reforms will “destroy the very health and well-being of our members.”

Presidents of three unions, including the powerful Teamsters, sent a letter this month accusing Democratic leaders of breaking promises.

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Higher Medicaid reimbursement for state’s primary care docs

Friday, July 12th, 2013

Crains reports:

“Doctors providing primary care in Illinois can get higher Medicaid reimbursement rates through the end of 2014.

Illinois officials are reminding doctors to sign up online for the higher rates, which are expected to increase by an average of 93 percent. If doctors sign up by June 30 they can get reimbursed at the higher rate retroactively to the beginning of this year.

The temporary raise should help increase doctors’ participation in Medicaid, said Julie Hamos, director of the Illinois Department of Healthcare and Family Services.

That’s important because thousands of uninsured Illinois residents will be newly eligible for Medicaid in 2014.

Hamos warned in April that there won’t be enough doctors to treat the expected surge of new Medicaid patients next year unless more physicians participate in the program.

The pay increase for primary care was authorized by the Affordable Care Act.”

Gov’t report: Smooth launch unsure for health law

Wednesday, July 10th, 2013

Bloomberg BusinessWeek reports:

“There’s no guarantee that President Barack Obama’s health care law will launch smoothly and on time, congressional investigators say in the first in-depth independent look at its progress.

But in a report to be released Wednesday, the congressional Government Accountability Office also sees positive signs as the Oct. 1 deadline approaches for new health insurance markets called exchanges to open in each state — in many cases over the objections of Republican governors.

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Latest Health Hurdle: Buying Insurance Without A Bank Account

Wednesday, June 12th, 2013

NPR reports:

“When movie stars become unbankable, they’re no longer a slam dunk at the box office. When investments become unbankable, they’re relegated to the Wall Street’s junk pile. For ordinary Americans deemed unbankable —those who don’t have a traditional checking or savings account — it can be hard to simply pay bills.

And that absence of a bank account is about to become a big problem for those who also lack health coverage — and for the health insurance companies trying to sell them coverage. After all, how do you sell a product to a customer who has no easy way to pay you?

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For veterans, health-care law offers new options — and struggles

Thursday, May 30th, 2013

The Washington Post reports:

“Military veterans will have more health insurance options under the Affordable Care Act, but some vets, like many Americans, may still struggle to find affordable, accessible care that meets their needs.

Roughly 40 percent of the 22.3 million military veterans receive health-care services from the Veterans Health Administration, which operates a nationwide network of medical centers, hospitals and clinics. Many veterans are eligible for both VA health care and Medicare, Medicaid or Tricare, the health plan for active and retired military and their families. About half of veterans have private insurance; approximately one in 10 veterans younger than 65 are uninsured.

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Health insurance and families under the affordable care act

Thursday, May 16th, 2013

The Washington Post reports:

“How does the Affordable Care Act affect children in low-income families and people who want to buy coverage on the new state insurance exchanges? Below find some answers to questions that were posed by readers.

I am the breadwinner for a family of five, including my wife and three kids. The insurance for me is cheap, but for the entire family it’s prohibitively expensive. I’d like to know if the health-reform law is doing anything for the kids of families — like mine — that earn less than 200 percent of the federal poverty level.

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President Obama may enroll under health law

Monday, May 13th, 2013

Politico reports:

“If President Barack Obama wants to make good on a promise to become one of Obamacare’s first customers, he’ll have to take a route most Americans are unlikely to choose.

He’ll have to enroll in a health plan that lacks a taxpayer subsidy, even though he has access to generous coverage through his day job.

In the days following the passage of the health law in March 2010, the White House confirmed that Obama planned to walk the walk by enrolling in one of the health insurance exchanges his law created, assuming his reelection.

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