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Posts Tagged ‘Hinsdale’

IRS sets max fines for health coverage refusal

Wednesday, August 6th, 2014

Benefits Pro reports:

“It’s official: if you make a quarter of a million bucks a year and decide not to pay for health insurance, you’re going to have to fork over $2,448 to the feds.

The Internal Revenue Service finally released its maximum fines for those who choose to go without health insurance. Under terms of the Patient Protection and Affordable Care Act, fines were included for those who decided not to have coverage as an incentive to get more folks to purchase coverage.

The maximum family penalty issued by the IRS was $12,240 for a five-member family. That’s five times $2,448, in case you wondered.


Some with Obamacare find they’re losing their doctors

Thursday, June 12th, 2014

Crain’s Chicago Healthcare Daily reports:

“Some consumers who bought insurance under President Barack Obama’s health care law are experiencing buyer’s remorse after realizing that their longtime doctors aren’t accepting the new plans.

Before the law took effect, experts warned that narrow networks could impact patients’ access to care, especially in cheaper plans. But with insurance cards now in hand, consumers are finding their access limited across all price ranges — sometimes even after they were told their plan would include their current doctor.


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.


Employer health plans fading fast

Friday, April 4th, 2014

Benefitspro reports:

“Only a quarter of employers are certain they will still be offering company-sponsored health insurance a decade from now.

That’s down from 38 percent in 2010 and 73 percent in 2007, according to a survey by Towers Watson and the National Business Group on Health.


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.


Employers renewing early to sidestep PPACA

Wednesday, October 2nd, 2013

Benefits Pro reports:

“Many small businesses have found a way to temporarily sidestep some of the headaches brought on by the new health care law.

One of them is Huber Capital Management. The asset management firm is renewing its health insurance policy early, in 2013 instead of 2014. By renewing its policy this year, the company doesn’t have to buy insurance that conforms to the requirements of the new health care law. And it won’t have the surge in premium rates expected under the Affordable Care Act.


Insurance Through Employer A Better Deal Than Through Exchange

Tuesday, September 3rd, 2013

Insurance News Net reports:

“If you’re hearing about the new Health Insurance Marketplace and wondering if it might be a better deal than your employer’s insurance, the answer is: It probably isn’t.

People covered under most employer group insurance policies aren’t eligible for some of the Affordable Care Act cost-saving benefits — mainly tax credits. Without those tax credits, it’s extremely unlikely you’ll find a better deal on the insurance marketplace exchange.


Ten’s a crowd in the doctor’s office

Tuesday, September 3rd, 2013

Benefits Pro reports:

“This week, in Time magazine, I read about a possible solution. And it frightens me.

Group appointments. Yes, doctor-patient-patient-patient-patient-patient relationships.

It appears more people are seeing their doctor with another nine or so other patients in the room.
This isn’t an entirely new idea, but it’s becoming more popular than ever. Since 2005, the percentage of practices offering group visits has doubled, from 6 percent to 13 percent in 2010.


More employers tie premiums to salary levels

Friday, July 12th, 2013

Benefits Pro reports:

“More employers are trying to assuage worker concerns about how much of their salary goes to their health coverage by pegging the cost of coverage to salary ranges.

This trend was noted by Mercer in a study of how companies were managing their health care plans. Mercer’s survey revealed that 12 percent of responding companies were using salary-based health coverage schemes in 2012, up from 10 percent in 2011. Now, signs are that that percentage is about to jump significantly.

Large employers are leading the way; in Mercer’s study, 20 percent of firms defined as “large” were segregating employees into premiums based upon a salary range. But more are following, as Obamacare begins to assume a less-fuzzy shape.


Do Seniors Have To Wait Two Extra Years To Get Medicare?

Wednesday, June 12th, 2013

Insurance News Net reports:

“Some observers and politicians insist there is little choice but to raise the Medicare age to 67. With the US economy having seen better days, many people argue that the federal government is obligated to find ways to trim spending—and people calling for a rise in the Medicare eligibility age vehemently argue that making most Americans wait two more years to get Medicare is a necessity if Medicareis to remain financially stable in coming years.


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