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Posts Tagged ‘COBRA’

Rauner plays it safe on likely doomed GOP Senate Obamacare bill

Wednesday, October 11th, 2017

The Chicago Suntimes reports:

“The potential for Senate Republicans to unravel Obamacare this week diminished on Sunday, when two GOP senators, Susan Collins of Maine and Ted Cruz of Texas said their support was unlikely.

Even though the bill drafted by Sens. Lindsey Graham R-S.C. and Bill Cassidy R-La., is on the verge of failure — and may not even get a vote by the end of the month — as long as Republicans control the House, Senate and the White House, attempts may continue to repeal and replace the Affordable Care Act, former President Barack Obama’s signature health insurance plan.

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Unemployed Health Insurance Illinois

Wednesday, September 18th, 2013

We specialize in helping individuals and families currently unemployed enroll in the Illinois Health Insurance Marketplace Exchange.

Many unprecedented changes have been made to the health insurance industry; changes that will affect you and your family’s access to quality health care and doctors. You have until 2014 to enroll in a health insurance program or pay a fine through your taxes. Open enrollment starts 10/1/13 and the government expects millions to enroll.

For over 30 years, The Eriksen Insurance Group has helped many people find the best health insurance for their personal needs. Because there are hundreds of different options, we have set up a simple online Navigator Profile to analyze your specific situation and start you on your path to get high quality affordable health insurance. Click the link below now to start your no obligation assessment to see if you qualify for government subsidies or if you would better benefit from a direct, non-subsidized insurance plan.
Banner Town Pages white

Another option we offer are a series of FREE enrollment seminars in the your area. Here you will receive personal help from highly skilled health insurance specialists. They fill up fast and have limited seating. Click below now to sign up for these no obligation seminars.

banner

Over the next 3 to 5 years the health insurance world will be in a state of flux. Even after your enrollment we will be here to help you make the right decisions. Inside or outside of the Exchange, company plan or personal policy; whatever your situation, we have the knowledge to help you.

There is a wealth of information for you at our insurance reform blog. We are also proud of our 5 Star Google Places reviews. Thank you for visiting our website we look forward to working with you.

Thanks again,

Robert G. Eriksen, President
Personal Health Insurance Broker

Phone: (847) 426-2788
Email: Bob@EriksenInsurance.com

COBRA Health Insurance Options Illinois

Wednesday, September 18th, 2013

We specialize in helping individuals and families currently on COBRA enroll in the Illinois Health Insurance Marketplace Exchange.

Many unprecedented changes have been made to the health insurance industry; changes that will affect you and your family’s access to quality health care and doctors. You have until 2014 to enroll in a health insurance program or pay a fine through your taxes. Open enrollment starts 10/1/13 and the government expects millions to enroll.

For over 30 years, The Eriksen Insurance Group has helped many people find the best health insurance for their personal needs. Because there are hundreds of different options, we have set up a simple online Navigator Profile to analyze your specific situation and start you on your path to get high quality affordable health insurance. Click the link below now to start your no obligation assessment to see if you qualify for government subsidies or if you would better benefit from a direct, non-subsidized insurance plan.
Banner Town Pages white

Another option we offer are a series of FREE enrollment seminars in the your area. Here you will receive personal help from highly skilled health insurance specialists. They fill up fast and have limited seating. Click below now to sign up for these no obligation seminars.

banner

Over the next 3 to 5 years the health insurance world will be in a state of flux. Even after your enrollment we will be here to help you make the right decisions. Inside or outside of the Exchange, company plan or personal policy; whatever your situation, we have the knowledge to help you.

There is a wealth of information for you at our insurance reform blog. We are also proud of our 5 Star Google Places reviews. Thank you for visiting our website we look forward to working with you.

Thanks again,

Robert G. Eriksen, President
Personal Health Insurance Broker

Phone: (847) 426-2788
Email: Bob@EriksenInsurance.com

IRS resolves employer queries about calculating health costs

Monday, January 9th, 2012

Business Insurance reports:

“WASHINGTON—Internal Revenue Service guidance released last week resolves additional questions employers have raised about a health care reform law requirement that they report the cost of health care coverage on employees’ W-2 wage and income statements.Under the requirement, health care cost information must be reported on 2012 W-2s, which will be issued in 2013. Under previous IRS guidance, smaller employers—those that distribute fewer than 250 W-2s in 2011—are exempt from this requirement until at least 2014 and possibly longer.The latest guidance makes clear that employers are allowed but not required to report contributions to health reimbursement arrangements in calculating health care costs.In addition, the cost of providing coverage through employee assistance programs, wellness programs or on-site medical clinics is not required to be reported if the employer does not charge premiums for the coverage to COBRA beneficiaries.The guidance also clarifies that the reporting requirement does not apply to Native American tribal governments.“This is very helpful guidance,” said Anne Waidmann, a director with PricewaterhouseCoopers L.L.P. in Washington.“The IRS has provided answers to issues that were not clearly addressed before,” said Rich Stover, a principal with Buck Consultants L.L.C. in Secaucus, N.J.The latest guidance also reiterates numerous provisions in last year’s guidance, including that the cost of coverage that is taxable to employees, such as for a child older than 26, must be reported on the W-2. It also reiterates that contributions employees make to flexible spending accounts are to be excluded from the health care cost figure.Additionally, employers will not have to include dental and vision care coverage costs in computing employees’ health care costs if those plans are separate from group medical plans, as is typically the case.In addition, in situations where employees work part of the year and then terminate employment and receive COBRA coverage, employers can choose to report only the cost of coverage while the employee was working or to report that cost plus the cost of COBRA health care continuation coverage. In that situation, however, the reporting choice must be applied consistently, the IRS said.Under the guidance, health care cost information does not have to be reported when distribution of a W-2 is not required. The most common example of that situation involves a retired employee who receives retiree health care coverage from his or her former employer but does not receive a salary.Unlike other health care reform law reporting requirements—such as one that would have required employers to furnish 1099 statements when they do more than $600 of business with a corporate vendor, which Congress repealed last year—the W-2 reporting requirement has triggered little opposition from employers.That may be due, at least in part, to the fact that many employers already disclose to employees the cost of their health care coverage, consultants say.The W-2 reporting guidance is the first health care reform law direction regulators have issued in 2012.”

COBRA Subsidies to End This Month

Monday, August 15th, 2011

Insurance News Network reports:

“Subsidies to help unemployed workers continue their employer-provided health insurance coverage will expire at the end of August.

The subsidy for COBRA coverage paid for 65% of premiums for the involuntarily unemployed. Part of the economic stimulus package passed in the early weeks of the Obama administration, the subsidies were to last for nine months. However, congressional extensions kept the program going through May 2010. Qualifying individuals laid off on or before the expiration date were eligible to receive the reduced premiums for up to 15 more months, according to the U.S. Department of Labor.

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Sunday, October 10th, 2010

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