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Posts Tagged ‘group health plans’

Cigna to Offer Individual and Family Plans in Chicago Area

Monday, October 31st, 2016

Business Wire reports:

“Cigna (NYSE: CI), already a leading provider of employer-sponsored group health plans in Illinois and across the United States, is introducing new individual and family medical plans in the Chicago area, both on and off the federal public marketplace. The new plans, called Cigna Connect, will take effect on January 1, 2017.

(more…)

Health insurance plans to be rated based on size of network

Thursday, April 28th, 2016

Live Insurance News reports:

” The Obama administration will now use the number of included doctors and hospitals in the ratings.

In response to complaints from consumers with respect to the way health insurance plans are rated on the exchanges, the Obama administration has now said that it will provide a rating for each plan based on the number of hospitals and doctors that are included within that plan’s network.

Equally, there will also be an increase to the maximum annual out-of-pocket amount that consumers can pay.

For individuals, the maximum out-of-pocket expenses for health insurance next year, will be $7,150. For families that figure will be $14,300. Consumer advocates haven’t been impressed with those numbers, as they have said these additional costs could pose a considerable financial burden for middle-income individuals and families who require a large amount of medical care. These new rules were published within the Federal Register, this week. Under these regulations, insurance companies will be able to sell health plans with limited provider networks. (more…)

Canadian Health Care: Patients Waiting Longer Than Ever For Treatment

Monday, January 11th, 2016

Investors Business Daily Reports:

Socialist Medicine: Canadians love their hockey and have historically been happy with their government-run health care system. Hockey is thriving. The country’s health care system, though, is a wreck and getting worse.

It could be said the words “Canada” and “health care” really don’t go together because some Canadians never make it to the doctor.

Too many die untreated due to extended wait times to see a doctor, and those wait times have increased again this year. They are now almost twice as long as they were in 1993, the year Hillary Clinton tried to force government health care on Americans. (more…)

Employer-paid Individual Health Plans

Wednesday, September 3rd, 2014

Flexible Benefit reports:

“The IRS and other agencies have issued three different sets of guidance making it clear that employers cannot give actively employed workers pre-tax dollars through a Health Reimbursement Arrangement (HRA) ,or any other type of arrangement, to purchase individual coverage on their own. Employers using this model will be subject to fines of up to $100 per employee per day.

(more…)

Obamacare Rule: Dump Employees Onto Exchanges, Face Big Taxes

Thursday, June 26th, 2014

Newsmax reports:

“Employers who give money to their workers to help pay for insurance through Obamacare exchanges may be in for sticker shock when the taxman comes calling: the IRS considers such arrangements employer payment plans that don’t satisfy federal rules.

(more…)

IRS puts off PPACA discrimination testing

Monday, February 17th, 2014

Benefits Pro reports:

“Robert Pear, a New York Timesreporter, made waves this week by calling the Internal Revenue Service about what happened to the Patient Protection and Affordable Care Act nondiscrimination provisions. (more…)

White House: No Subsidies For Union Health Plans

Tuesday, September 17th, 2013

Insurance News Net reports:

“Low-income workers on union health plans are not eligible for the same federal subsidies available to those who buy insurance in the new state health care marketplaces, the White House said Friday.

The decision is a disappointment for labor unions, coming shortly after top union officials met for more than an hour with President Barack Obama to press their case that subsidies could be extended to union-sponsored plans.

(more…)

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