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Posts Tagged ‘Employers’
Tuesday, October 29th, 2019
Starting on January 1, 2020, employers will be able to help their employees pay for qualified medical costs–such as premiums for an Individual Marketplace plan–through a new individual coverage health reimbursement arrangement (ICHRA). An ICHRA is an alternative to a traditional group plan that allows employees to select their own plan on the individual market.
(more…)
Tags: Broker, Costs, Employers, exchange, individual, Marketplace, Medicaid, Medicare, UnitedHealthcare, Vergil, Villa Park, Village of Lakewood, Walt Disney Co., Warrenville, Wasco
Posted in Affordable Care Act | Comments Off on New Tool To Determine HRA Affordability
Wednesday, July 24th, 2019
The S HR M reports:
“The U.S. House of Representatives voted on July 17 to abolish the so-called “Cadillac tax” on employer-sponsored high-value health plans, set to take effect in 2022. If the Senate passes the measure and the president signs it into law, the threat employers have faced from the tax would disappear.
(more…)
Tags: affordable care, Affordable Care Act, Broker, employees, Employers, flexible spending account, health plan, health savings account, Schaumburg, short term insurance, Solon Mills, South Barrington, South Elgin, the affordable care act
Posted in Affordable Care Act, Obamacare | Comments Off on House Passes Health Care ‘Cadillac Tax’ Repeal Bill
Thursday, January 3rd, 2019
The Wall Street Journal reports:
“Some of America’s largest companies are proposing that a good job can lead to a free college education, reversing the norm that requires workers to get the degree before launching a career.
Walt Disney Co., Discover Financial Services, and Yum Brands Inc.’s Taco Bell are among the high-profile employers sending front-line workers back to school, often paying the cost of tuition, fees, books and other expenses upfront and in full. The companies say the benefits of a content and potentially better-trained staff outweigh the costs.
(more…)
Tags: 2019, ACA, bachelor’s degree, Broker, Carol Stream, Carpend, Carpentersville, Cary, company employees, Disney, Employers, enroll, online degrees, Taco Bell, Walmart, Walt Disney Co.
Posted in Employer benefits | Comments Off on Now Hiring, With Attractive New Perk: Free College Degree
Thursday, January 3rd, 2019
NAPA net reports:
“Sen. Ron Wyden (D-OR), Ranking Member of the Senate Finance Committee, has introduced legislation that would permit 401(k), 403(b), and SIMPLE retirement plans to make matching contributions to workers as if their student loan payments were salary reduction contributions.
(more…)
Tags: 401 k, 401k, Employers, retirement plan, student loan debt, student loan repayment, Warrenville, Wasco, Wayne, Will, Will County
Posted in Uncategorized | Comments Off on Legislation Opens Door for Retirement Match on Student Loan Repayments
Tuesday, August 21st, 2018
Morningstar reports:
“Many retirement accumulators take pains to dot the i’s and cross the t’s of their retirement plans. They noodle over their portfolios’ asset allocations, carefully calibrate when they’ll begin claiming Social Security benefits, and think hard about withdrawal rates.
But many such painstaking retirement planners don’t give another major variable more than the periodic anxious thought: how to pay for long-term care. And is it any wonder so many people are in denial? For one thing, it’s a flip of the coin as to whether you’ll need long-term care: 52% of people turning 65 are expected to have a long-term care need during their lifetimes, and another 48% will not. The prospect of needing long-term care is inherently unpleasant, and that care can also be ruinously expensive, running upward of $100,000 per year in urban areas.
(more…)
Tags: Costs, employees, Employers, family plan, insurance, Kane, Kane County, long-term, Medicare, Westchester, Wheaton, Wheeling, Wicker Park
Posted in Heath Care Costs | Comments Off on Can Health Savings Accounts Be a Bulwark Against Long-Term Care Costs?
Tuesday, June 19th, 2018
AP News reports:
“The Trump administration’s new health insurance option offers lower premiums for small businesses and self-employed people, but the policies are likely to cover fewer benefits.
Another caveat: if healthy people flock to the new plans as expected, premiums will rise for those who need comprehensive coverage.
(more…)
Tags: Affordable Care Act, association health plan, Donald Trump, Downers Grove, Dundee, DuPage, East Dundee, Elburn, Elgin, Employers, Individuals, insurance, requirements, small businesses, Trump
Posted in Affordable Care Act, Health Insurance News | Comments Off on Lower costs, fewer benefits in new health insurance option
Thursday, February 1st, 2018
Consumer Reports reports:
“The e-commerce giant becomes the latest corporation trying to tackle the high cost of employee medical care
(more…)
Tags: employees, Employers, Harvard, health, health insurance, Health insurance exchange, IRS, Massachusetts, Village of Lakewood, West Dundee, Westchester, Wheaton, Wheeling, Wicker Park, Will, Will County, Wilmette, Winfield, Wood Dale, Woodridge, Woodstock
Posted in Health Insurance News | Comments Off on Amazon Takes Aim at Disrupting the Healthcare Industry
Wednesday, March 8th, 2017
The Miami Herald reports:
“Hospitals around the country are reporting record levels of debt on their books from an unlikely source: patients with health care coverage.
As health insurers and employers have shifted health care costs to patients through high deductibles and other out-of-pocket expenses, people who in the past may not have worried about paying for a hospital visit or a surgical procedure are getting hit with massive medical bills that they can’t pay.
(more…)
Tags: affordable care, Affordable Care Act, DeKalb, DeKalb County, Des Plaines, employees, Employers, Geneva, health insurance, medical expenses, small businesses, the affordable care act
Posted in Individual Health Insurance | Comments Off on Got health insurance? That doesn’t mean you’ll be able to pay your medical bills.
Tuesday, August 2nd, 2016
The Wall Street Journal reports:
“I was wrong. Wrong about an important part of ObamaCare.
When I joined the Obama White House to advise the president on health-care policy as the only physician on the National Economic Council, I was deeply committed to developing the best health-care reform we could to expand coverage, improve quality and bring down costs. We worked for months to pass this landmark legislation, and I still count celebrating the passage of the Affordable Care Act with the president one balmy spring night in 2010 as one of my greatest Washington memories.
(more…)
Tags: Affordable Care Act, DuPage County, East Dundee, ebola, Elburn, employer health insurance, Employers, federal medicaid, Fox River Grove, Government, health plan, Medicaid, Medicare, small businesses, the affordable care act
Posted in Obamacare | Comments Off on How I Was Wrong About ObamaCare
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…)
Tags: 2015, 2016, ACA, ACA requirements, affordable care, Affordable Care Act, affordable health insurance, Albany Park, Andersonville, barack obama, Barrington, Bartlett, Broker, Bucktown, buffalo grove, buy health insurance, buying insurance, care reform legislation, Carol Stream, Carpentersville, Cary, Changeing Health Care, Chicago, Chicagoland, Contact Us, Cook, Cook County, Costs, Deerfield, DeKalb, DeKalb County, Dundee, DuPage, DuPage County, East Dundee, Elgin, Employers, enroll, enrollment, Fox Valley, Geneva, Glendale Heights, Government, government regulations, health, health care benefits, health care costs, health care law, health care reform, health care system, health exemption, health insurance costs, health insurance coverage, Health insurance exchange, health insurance marketplace, health insurance premiums, health insurance reform, Health Marketplace, health plan, health programs, health reform, healthcare reform, healthcare.gov, Hinsdale, Huntley, IL, Illinois, Illinois Department of Insurance, Illinois health insurance exchange, individual, individual health insurance, individual insurance, Individual Mandate, Individual Shared Responsibility, Individuals, insurance, Insurance benefit consultant, insurance broker, insurance industry, insurance news, insurance plan, Insurance Reform, IRS, Johnsburg, Kane, Kane County, Kendall, Kendall County, Key Findings ACA, Lake, Lake County, Lake in the Hills, Lakewood, Logan Square, Long Grove, McHenery, McHenry, McHenry County, Minimum Essential Coverage, Mount Prospect, Naperville, Navigator, new health care, New health insurance law ACA, North Aurora, North West Suburbs, Northern Illinois, Northwest Suburbs, Obama care, ObamaCare, Obamacare regulation, open enrollment, Palatine, Penalty, PPO, pre existing conditions, Richmond, Riverwoods, Rolling Meadows, Saint Charles, Schaumburg, self-insurance, single payer health care system, South Barrington, special enrollment, Streamwood, Sugar Grove, Tax, taxpayer dollars, the affordable care act, timeline, UHC, United Health Care, United Healthcare, UnitedHealthcare, Villa Park, Warrenville, Wasco, Wayne, West Chicago, Wheaton, Wicker Park, Will, Will County, Wood Dale, Woodstock
Posted in Individual Health Insurance, Open Enrollment | Comments Off on IRS Grants Extension for 6055 and 6056 Reporting
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