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Posts Tagged ‘Humana’
Tuesday, July 26th, 2016
The Chicago Tribune reports:
“One of the nation’s largest health insurance companies plans to enter the Obamacare marketplace in the Chicago area for the first time, bringing new competition as other insurers exit or go out of business.
The Tribune has confirmed that Cigna, based in Bloomfield, Conn., has filed plans to sell health policies to individuals and families who purchase their own coverage in the individual market. If the plans are approved by Illinois regulators, Cigna will start selling policies Nov. 1, when enrollment for 2017 Obamacare coverage opens.
(more…)
Tags: Affordable Care Act, Blue Cross and Blue Shield, Broker, Chicago, Cigna, DuPage County, East Dundee, ebola, Elburn, Elgin, Elmhurst, Elmwood Park, Government, Hospital, Humana
Posted in Health Care .gov | Comments Off on Big news for Chicago-area Obamacare insurance exchange: Cigna seeks to join
Tuesday, January 26th, 2016
According to The Advocate:
“The Affordable Care Act is confusing and complicated, which means that health insurance agents and brokers are needed to help consumers pick the best plans for them, Kevin Counihan, chief executive officer of Healthcare.gov, said Monday.
“It’s got plenty of opportunity to be made a little bit better,” Counihan said. “And I’m very hopeful and confident that as we get more adults in Congress that they’re all going to sit down, the two sides together, and they’re going to address some of these issues.”
Counihan spoke to about 20 brokers and agents at an event hosted in Baton Rouge by the Louisiana Association of Health Underwriters.
(more…)
Tags: ACA, ACA requirements, advice, Advocate Heath Care, affordable care, Affordable Care Act, affordable health insurance, Albany Park, Algonquin, Andersonville, Arlington Heights, Atena, aurora, barack obama, Barrington, Barrington Hills, Bartlett, Broker, Bucktown, buffalo grove, buying insurance, care reform legislation, Carpentersville, Cary, Changeing Health Care, Chicago, Chicagoland, Cook, Cook County, Costs, coverage plan, deductibles, Deer Park, DeKalb, DeKalb County, Downers Grove, DuPage, DuPage County, employer health insurance, enroll, enrollment, family plan, Fox Valley, Hampshire, Harvard, health, health care benefits, health care costs, health care law, health care reform, health care system, health exemption, health insurance, 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, health savings account, healthcare reform, healthcare.gov, Humana, Huntley, IL, Illinois, Illinois Department of Insurance, Illinois health insurance exchange, individual, Insurance benefit consultant, insurance broker, insurance industry, insurance news, insurance plan, Insurance Reform, Kane, Kane County, Kendall, Kendall County, Lake, Lake County, Lake View, Logan Square, Marketplace, McHenery, McHenry, McHenry County, Navigator, new health care, New health insurance law ACA, North Aurora, North West Suburbs, Northern Illinois, Northwest Suburbs, notices, Obama care, ObamaCare, Obamacare regulation, open enrollment, PPO, Producer, Schaumburg, sign up, Skokie, South Barrington, state health insurance, state legislatures, the affordable care act, UnitedHealthcare, Villa Park, West Chicago, Wicker Park, Will, Will County, workplace
Posted in Affordable Care Act, Health Insurance News | Comments Off on Healthcare.gov CEO says insurance marketplace’s complexity argues for agents
Tuesday, January 26th, 2016
According to Bloomberg Business:
“Humana Inc. is the latest insurer to run into trouble in Obamacare’s individual health-insurance markets.
The health insurer said that it probably won’t collect enough money to cover costs for some customers who bought individual plans, and will set aside what’s known as a premium deficiency reserve. The shortfall is for 2016 plans that comply with new rules under the Affordable Care Act, Louisville, Kentucky-based Humana said Friday.
UnitedHealth Group Inc., the biggest U.S. health insurer, said in November that it might stop participating in the Obamacare next year after taking losses. One analyst predicted that Humana would follow suit.
(more…)
Tags: 2015, 2016, ACA, ACA requirements, Advocate Heath Care, affordable care, Affordable Care Act, affordable health insurance, Albany Park, Algonquin, Andersonville, Arlington Heights, Atena, aurora, barack obama, Barrington Hills, Bartlett, Batavia, BCBS, BCBSIL, Bucktown, budget cuts, buffalo grove, Bull Valley, buy health insurance, buying insurance, California healthline, cancer coverage, care reform legislation, Carol Stream, Carpentersville, Changeing Health Care, Chicago, Chicagoland, Cicero, College Grads, commerce clause of the constitution, Commonwealth Care Health Insurance, Cook, Cook County, Costs, coverage plan, Crystal Lake, Deerfield, DeKalb, DeKalb County, Des Plaines, Downers Grove, Dundee, DuPage, DuPage County, Elburn, enroll, enrollment, Fox River Grove, Fox Valley, Geneva, Gilberts, Glen Ellyn, government regulations, Hampshire, Harwood Heights, health, health care benefits, health care costs, health care law, health care reform, health care system, health exemption, health insurance, 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, health savings account, healthcare reform, healthcare.gov, Herbron, Highland Park, Humana, Huntley, IL, Illinois, Illinois health insurance exchange, individual, individual health insurance, individual insurance, Individual Mandate, Individual Shared Responsibility, Individuals, Insurance benefit consultant, insurance broker, insurance industry, insurance news, insurance plan, Insurance Reform, Itasca, Kane, Kane County, Kendall, Kendall County, Lake County, Lake in the Hills, Lake View, Lakewood, Lincoln Park, Maple Park, Marengo, Marketplace, McCullen Lake, McHenery, McHenry, McHenry County, Naperville, new health care, New health insurance law ACA, Niles, North Aurora, North Barrington, North West Suburbs, Northwest Suburbs, Obama care, ObamaCare, Obamacare regulation, open enrollment, Palatine, Park Ridge, Producer, Riverwoods, Rolling Meadows, Schaumburg, self-insurance, single payer health care system, South Barrington, special enrollment, state health insurance, Streamwood, Sugar Grove, the affordable care act, Tower Lakes, Village of Lakewood, Warrenville, Wasco, West Chicago, Wicker Park, Wood Dale, young adults
Posted in Affordable Care Act, Health Insurance News, Individual Health Insurance | Comments Off on Humana to Record 2016 Obamacare Shortfall, Membership Drops
Monday, January 11th, 2016
Crain’s Chicago Business Reports:
 “Aetna is returning to sell plans on the Illinois health insurance exchange after taking a year off.
Also returning are giants Blue Cross & Blue Shield of Illinois, the dominant insurer in the state; UnitedHealthcare, which is affiliated with Minnetonka, Minn.-based UnitedHealth Group, and Chicago-based Land of Lincoln Health.
Mostly familiar faces are returning to the exchange for enrollment that begins Nov. 1, according to the Illinois Department of Insurance. Other companies that received federal approval to sell plans include:
—Health Alliance, based in downstate Urbana.
—Celtic Insurance, which is part of St. Louis-based Centene Corp.
—Coventry Health, part of Hartford, Conn.-based Aetna.
—Harken Health, of which UnitedHealth Group is an investor.
—Humana, based in Louisville, Ky.
(more…)
Tags: 2015, 2016, ACA, ACA requirements, Advocate Heath Care, affordable care, Affordable Care Act, affordable health insurance, Albany Park, Algonquin, Andersonville, Atena, aurora, Barrington, Bartlett, BCBS, BCBSIL, Blue Cross, Blue Cross and Blue Shield, Blue Cross and Blue Shield of Illinois, Bucktown, buffalo grove, Burlington, buy health insurance, buying insurance, care reform legislation, Carol Stream, Carpentersville, Chicago, Chicagoland, Cook, Cook County, coverage plan, Crystal Lake, DeKalb, DeKalb County, departments of health and human services, Dundee, DuPage County, Elgin, employer health insurance, enrollment, exchange, Forest Park, Fox River Grove, Fox Valley, Glenview, government regulations, group health plan, Harwood Heights, Health and Human Services, health care benefits, health care costs, health care law, health care reform, health care system, health exemption, health insurance, health insurance costs, health insurance coverage, Health insurance exchange, health insurance marketplace, health insurance premiums, health insurance reform, health plan, health savings account, healthcare reform, healthcare.gov, Humana, Huntley, IL, Illinois, Illinois Department of Insurance, Illinois health insurance exchange, Insurance benefit consultant, insurance broker, insurance industry, IRS, Kane, Kane County, Kendall, Lake County, Lake in the Hills, Lake View, Long Grove, Marengo, Marketplace, McCullen Lake, McHenry, McHenry County, Naperville, North Barrington, North West Suburbs, Northern Illinois, Northwest Suburbs, Oakwood Hills, Obama care, ObamaCare, Obamacare regulation, Palatine, Park Ridge, Pingree Grove, Prairie Grove, Ringwood, Rolling Meadows, Saint Charles, Schaumburg, Skokie, small businesses, South Barrington, South Elgin, the affordable care act, United Health Care, United Healthcare, UnitedHealthcare, Village of Lakewood, Wasco, West Chicago, West Dundee, Wicker Park, Will, Will County, Wood Dale, Woodridge, Woodstock
Posted in Affordable Care Act, Health Insurance News, Small Business | Comments Off on Blue Cross, UnitedHealthcare return to Illinois Obamacare exchange
Monday, January 11th, 2016
The Advocate Reports:
“The Affordable Care Act is confusing and complicated, which means that health insurance agents and brokers are needed to help consumers pick the best plans for them, Kevin Counihan, chief executive officer of Healthcare.gov, said Monday.
“It’s got plenty of opportunity to be made a little bit better,” Counihan said. “And I’m very hopeful and confident that as we get more adults in Congress that they’re all going to sit down, the two sides together, and they’re going to address some of these issues.”
Counihan spoke to about 20 brokers and agents at an event hosted in Baton Rouge by the Louisiana Association of Health Underwriters. (more…)
Tags: ACA, ACA requirements, Advocate Heath Care, affordable care, Affordable Care Act, affordable health insurance, Albany Park, Algonquin, Andersonville, barack obama, Barrington, Barrington Hills, Bartlett, BCBS, BCBSIL, Blue Cross and Blue Shield of Illinois, budget cuts, buffalo grove, buy health insurance, buying insurance, care reform legislation, Carol Stream, Carpentersville, Cary, Chicago, Chicagoland, Cicero, COBRA, Consultant, Cook, Cook County, Costs, Crystal Lake, deductibles, DeKalb, DeKalb County, departments of health and human services, Des Plaines, Downers Grove, Dundee, DuPage County, East Dundee, Elgin, employer health insurance, enroll, enrollment, exchange, family plan, Fox River Grove, Fox Valley, Geneva, Gilberts, Glendale Heights, Government, government regulations, group health plan, group health plans, Hampshire, Health and Human Services, health care benefits, health care costs, health care law, health care reform, health care system, health insurance, health insurance costs, health insurance coverage, Health insurance exchange, health insurance marketplace, health insurance reform, health plan, health programs, health reform, health savings account, healthcare reform, healthcare.gov, High deductible health plan, human resources, Humana, Huntley, IL, Illinois health insurance exchange, individual, Insurance benefit consultant, insurance broker, Kane, Kane County, Kendall County, Key Findings ACA, Lake County, Lake in the Hills, Lake View, Lakewood, Long Grove, Marengo, Marketplace, McHenery, McHenry, McHenry County, Morton Grove, Naperville, new health care, New health insurance law ACA, Northlake, Oak Park, Obama care, ObamaCare, Obamacare regulation, open enrollment, Palatine, Prairie Grove, Riverwoods, Saint Charles, Schaumburg, South Barrington, Streamwood, taxpayer dollars, the affordable care act, U.S. Senate, unemployment, United Healthcare, UnitedHealthcare, Wasco, West Chicago, Wheaton, Will County
Posted in Affordable Care Act, Health Care .gov, Health Insurance News | Comments Off on Healthcare.gov CEO says insurance marketplace’s complexity argues for agents
Friday, February 27th, 2015
Crain’s Chicago Business reports:
“Proving that no one is immune to the changes sweeping the health care industry, two of Chicago’s most prestigious teaching hospitals are being dinged by insurance companies trying to control costs.
Humana is ending a 20-year relationship with University of Chicago Medicine, which will be eliminated from the insurer’s networks April 1.
(more…)
Tags: affordable care, Affordable Care Act, Barrington, Barrington Hills, Bartlett, Batavia, Bensenville, Berwyn, Big Rock, Boulder Hill, buffalo grove, Bull Valley, Burlington, exchange, Hospital, Humana, Illinois, Maywood
Posted in Health Insurance Cost, Illinois | Comments Off on Even U of C Medicine and Rush have health insurance problems
Monday, November 3rd, 2014
Benefits Pro reports:
“Apple’s recent moves in the health and wellness technology segment are not yet on the level of game-changers such as the iPod and the iPhone. But the coming release of the Apple Watch and the company’s HealthKit app has people talking — and competitors watching carefully.
The company’s latest piece of hardware, the Apple Watch, is not the first of its kind. But it’s likely to be the gold standard, due partly to Apple’s well-polished marketing machine and partly to some truly innovative and useful features.
(more…)
Tags: Alden, Algonquin, application, Arlington Heights, aurora, Bannockburn, Barrington Hills, Cook, health, Humana, IL, insurance, IRS, PPO, Will
Posted in Insurance Reform | Comments Off on How much will Apple bite into consumer health?
Wednesday, November 20th, 2013
Reuters reports:
“A top U.S. health insurer gave the first detailed view of how the problem-plagued rollout of President Barack Obama’s signature healthcare law is affecting the industry, saying on Wednesday it had cut its enrollment forecasts by at least a half and expected the government to delay the sign-up deadline.
Humana Inc said that because of technical problems preventing millions of Americans from accessing the federal HealthCare.gov website since it opened on Oct. 1, the company had slashed its expectations of signing on 500,000 new plan members to an estimate of closer to 250,000.
(more…)
Tags: affordable care, Barrington Hills, Bartlett, Batavia, Darien, DeKalb, Delay, health insurance, healthcare reform, Humana, insurance industry
Posted in Health Laws | Comments Off on Top U.S. insurer sees weak Obamacare sign-ups, prepares for delay
Friday, November 1st, 2013
This afternoon, the IRS and U.S. Department of Treasury have issued a FSA Notice modifying the healthcare flexible spending account (FSA)’s “Use-it or Lose-it” rule.
Effective immediately, employers that offer FSA programs that do not include a grace period will have the option of allowing employees to rollover up to $500 of unused funds at the end of the plan year.
The rollover has no impact on the annual maximum salary reduction amount that applies to FSAs and is permitted by law. Therefore employees can rollover up to $500 and still salary reduce up to $2,500 into their FSA for the plan year.
Tags: flexible spending account, FSA, Hebron, Herbron, Highland Park, Hoffman Estates, Holiday Hills, Humana, Huntley, insurance, IRS
Posted in FSA, Insurance Reform, Uncategorized | Comments Off on FSA Use-It or Lose-It Rule Changed
Friday, October 25th, 2013
The Chicago Sun Times reports:
“If you light up, prepare to get burned with higher premiums when buying insurance in the new health insurance marketplaces.
Under rules of the Affordable Care Act, in Illinois and most other states, insurers can charge smokers and other tobacco users as much as 50 percent more on their premiums due to the higher health risks they face compared to non-tobacco users.
In some cases, the surcharge wipes out the subsidy for which some smoking health plan enrollees would qualify in the marketplaces, said Karen Pollitz. She is senior fellow at Kaiser Family Foundation, a nonprofit focused on health-care issues.
(more…)
Tags: Affordable Care Act, Blue Cross, Blue Cross and Blue Shield, Costs, health insurance marketplace, health plan, Humana, insurance, Marketplace, Massachusetts, PPO
Posted in Health Reform, Insurance Reform | Comments Off on Affordable Care Act: Smoking sends health premiums higher
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