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Posts Tagged ‘healthcare.gov’

Scrap ‘Obamacare’? Maybe not all, Trump administration says

Monday, May 20th, 2019

AP reports:

“Scrap “Obamacare”? Well, maybe not all of it.

The Trump administration is arguing in court that the entire Affordable Care Act should be struck down as unconstitutional. But at the same time, Justice Department lawyers recently suggested that federal judges could salvage its anti-fraud provisions, raising questions about keeping other parts as well.

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Obamacare enrollment starts Wednesday. Here’s what you need to know

Monday, October 30th, 2017

The Chicago Tribune reports:

“Choosing the right health insurance plan can be a cumbersome process, and this year’s political back-and-forth over Obamacare has made it seem even more confusing.

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Health insurance and open enrollment – what you need to know

Monday, October 30th, 2017

The Chicago Tribune reports:

“As open enrollment for health insurance begins Wednesday, Nov. 1, and several changes have occurred or been proposed, I decided to check in with two industry experts for their advice on what you need to know.

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You think your health insurance costs too much. Try being a farmer.

Wednesday, October 11th, 2017

Crains Chicago Business reports:

“John Kiefner, who farms 500 acres of hay in exurban Will County, has had health insurance from five companies in the past four years. One of them wouldn’t allow his wife and him to visit any of their own doctors. Another wouldn’t cover visits to the nearest hospital because it was out of network. All of them kept raising his premiums by 20 percent and more annually.

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Illinois’ Obamacare plans seek big 2017 premium hikes

Tuesday, August 2nd, 2016

The Chicago Tribune reports:

“Insurers want to crank up the cost of health insurance premiums by as much as 45 percent for Illinois residents who buy coverage through the Affordable Care Act’s marketplace.

Blue Cross Blue Shield of Illinois, the most popular insurer on the state’s Obamacare exchange, is proposing increases ranging from 23 percent to 45 percent in premiums for its individual health-care plans, according to proposed 2017 premiums that were made public Monday. The insurer blamed the sought-after hikes mainly on changes in the costs of medical services.

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Land of Lincoln coverage will end Oct. 1 for individual enrollees

Wednesday, July 20th, 2016

The Chicago Tribune reports:

“Land of Lincoln Health’s insurance coverage for its individual enrollees will end Oct. 1, according to the Illinois Department of Insurance.

The agency posted the news on Land of Lincoln’s website. A green banner now greets visitors to the website with the headline, “Important notice to all members” with a link taking them to information about the Chicago-based insurer’s impending shutdown. The notice comes a week after the agency moved to seize control of the financially troubled Chicago-based insurer.

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Illinois Obamacare plan crippled by losses

Thursday, April 21st, 2016

According to Crain’s Chicago Business 

” The operating losses continue to mount at struggling Land of Lincoln Health, totaling $90.8 million for the Obamacare health plan in 2015.

That net loss is almost five times greater than the Chicago-based startup reported in 2014, when it totaled $17.7 million. The insurer lost about $40 million in just the last three months of 2015, according to a new financial statement filed with national insurance regulators.

Jason Montrie, Land of Lincoln president and interim CEO, did not immediately respond to a message seeking comment.

Kevin Scanlan, chairman of the insurer’s board of directors, said in a statement: “Land of Lincoln Health, like other insurers across the market, continues to adjust its business model as we learn how to best adapt to the new marketplace. . . .The board is confident in its long-term viability and will continue to evaluate and invest in the needs of our members.”

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IRS Grants Extension for 6055 and 6056 Reporting

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…)

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