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Posts Tagged ‘Consultant’

Despite boost in social security, rising Medicare Part B costs leave seniors in bind

Wednesday, October 11th, 2017

News Medical reports:

“Millions of seniors will soon be notified that Medicare premiums for physicians’ services are rising and likely to consume most of the cost-of-living adjustment they’ll receive next year from Social Security.

Higher 2018 premiums for Medicare Part B will hit older adults who’ve been shielded from significant cost increases for several years, including large numbers of low-income individuals who struggle to make ends meet.

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Illinois Medicaid enrollment jumps under Obamacare

Wednesday, September 16th, 2015

Crain’s Chicago Business reports:

 Illinois is among a dozen states where the number of new enrollees surpassed projections for the expansion of Medicaid under Obamacare. While the surge in signups lifts the number of insured people, it has also stoked worries about the future cost to taxpayers.

Illinois and Cook County eventually will have to bear 10 percent of the cost of expanding the safety-net insurance program for the poor. The federal government agreed to pay all costs for the expansion through 2016, but it will begin lowering its share in 2017.

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Small businesses helping workers buy health plans

Friday, October 17th, 2014

San Jose Mercury News reports:

“When Monty Hagler learned his employee insurance premiums could rise as much as 38 percent, the small business owner decided he couldn’t afford coverage that complies with the health care overhaul.

He considered a variety of plans from different carriers, but they were too expensive or bare-bones.

“Unless we dramatically changed our plan and went with the most basic plan, I said, ‘this is not sustainable,'” says Hagler, owner of RLF Communications, a Greensboro, North Carolina-based marketing company.

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Health Marketplace Sticker Shock Spreading

Friday, May 16th, 2014

Insurance News Net reports:

“Last-minute shoppers to the health insurance marketplace plans might do well to heed the advice of Butler County physician Mark Musmanno:

Know what you’re signing up for.

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Obamacare signup deadline gets extension

Friday, December 20th, 2013

Chicago Health Care Daily reports:

“There won’t be a magic moment, but the Obama administration’s much-maligned health insurance website should be able to weather an expected year-end crush of customers, officials asserted Friday.

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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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FAQ: What Workers And Employers Need To Know About The Postponed Employer Mandate

Tuesday, July 16th, 2013

Kaiser Health News reports:

“Surprising both friends and foes of the health law, the Obama administration on Tuesday announced the delay of a key provision: the requirement that all but the smallest employers offer medical coverage or pay a fine.

Companies with at least 50 workers now have until 2015 to provide coverage if they don’t offer it already, giving them and Washington an extra year to work through the complex details of the legislation. The administration will deliver more guidance next week.

Meanwhile other parts of the law remain on track for implementation next year, according to officials. Here’s what the change means — and doesn’t mean — for workers and employers.

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Democrats hit the road to sell public on Obamacare

Tuesday, July 9th, 2013

The Kansas City Star reports:

“Three years after it passed, President Barack Obama and fellow Democrats are still trying to sell the federal health care law to a skeptical nation.

Lawmakers, armed with tool kits and fact sheets, are fanning out across the nation to tout the law’s benefits. Those charged with implementing its changes, starting with Health and Human Services Secretary Kathleen Sebelius, are pushing companies to donate money to a private group that’s working to get the program up and running. Supporters are organizing armies of volunteers to go door to door to try to sign up millions of uninsured Americans.

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Health Care Reform – 2013 & 2014 Planning

Wednesday, May 1st, 2013

Employers should review the fast-approaching 2013 and 2014 health care reform requirements. State Exchanges will be opening enrollment as soon as October 1, 2013 with benefits effective January 1, 2014. Along with many questions from employees, employers face a multitude of reform provisions. For answers and guidance, they will look to attorneys, brokers, consultants and third party administrators to help sort out the rules and reporting requirements. Below is a recap of the issues that employers face for 2013 and 2014 and what action they should take in response. In the following table, “PPACA” is an abbreviation for Patient Protection and Affordable Care Act of 2010, better known as the health care reform law. Please note that the following information may change due to future published guidance.

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