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Posts Tagged ‘IL’

Health insurance deductibles soar, leaving Americans with unaffordable bills

Monday, May 20th, 2019

The LA Times reports:

“Soaring deductibles and medical bills are pushing millions of American families to the breaking point, fueling an affordability crisis that is pulling in middle-class households with health insurance as well as the poor and uninsured.

In the last 12 years, annual deductibles in job-based health plans have nearly quadrupled and now average more than $1,300.

(more…)

McHenry County: Medicare Supplement

Wednesday, October 18th, 2017
Seal of McHenry County, Illinois

Seal of McHenry County, Illinois (Photo credit: Wikipedia)

We specialize in helping McHenry County individuals understand Medicare and Medicare supplements.

Medicare is a federal program to help older Americans and some disabled Americans pay for the high cost of healthcare.

Generally, the Government’s Medicare Program consists of 4 parts:

  • Part A is for hospital services, no premium
  • Part B is for medical services, premium based on income
  • Part C are Medicare Advantage Plans. It’s a Government Program. Sold through Insurance Companies, plans and pricing vary.
  • Part D is the prescription drug plan. It is also sold through insurance companies, plan and pricing vary.

Medicare does not cover all the costs.

To help cover the costs that Medicare doesn’t cover, you have a few choices.

  • Medicare supplement plans (AKA – Medigap)
  • Medicare Advantage Plans
  • Prescription Drug Plans (AKA – Part D, PDP, and Medicare Rx)

In order to purchase one of these supplements, you will need to sign up for both Medicare Part A and Part B.

Please contact us at (847) 426-2788. We are also proud of our 5 Star Google Places reviews. Thank you for visiting our website we look forward to working with you.

Thanks again,

Robert G. Eriksen, President
Personal Health Insurance Broker

Phone: (847) 426-2788
Email: Bob@EriksenInsurance.com

Lake County: Medicare Supplement

Wednesday, October 18th, 2017
Independence Grove, Libertyville 001

Independence Grove, Libertyville 001 (Photo credit: Tallok)

We specialize in helping Lake County individuals understand Medicare and Medicare supplements.

Medicare is a federal program to help older Americans and some disabled Americans pay for the high cost of healthcare.

Generally, the Government’s Medicare Program consists of 4 parts:

  • Part A is for hospital services, no premium
  • Part B is for medical services, premium based on income
  • Part C are Medicare Advantage Plans. It’s a Government Program. Sold through Insurance Companies, plans and pricing vary.
  • Part D is the prescription drug plan. It is also sold through insurance companies, plan and pricing vary.

Medicare does not cover all the costs.

To help cover the costs that Medicare doesn’t cover, you have a few choices.

  • Medicare supplement plans (AKA – Medigap)
  • Medicare Advantage Plans
  • Prescription Drug Plans (AKA – Part D, PDP, and Medicare Rx)

In order to purchase one of these supplements, you will need to sign up for both Medicare Part A and Part B.

Please contact us at (847) 426-2788. We are also proud of our 5 Star Google Places reviews. Thank you for visiting our website we look forward to working with you.

Thanks again,

Robert G. Eriksen, President
Personal Health Insurance Broker

Phone: (847) 426-2788
Email: Bob@EriksenInsurance.com

Kane County: Medicare Supplement

Wednesday, October 18th, 2017
English: The Seal of Kane County

English: The Seal of Kane County (Photo credit: Wikipedia)

We specialize in helping Kane County individuals understand Medicare and Medicare supplements.

Medicare is a federal program to help older Americans and some disabled Americans pay for the high cost of healthcare.

Generally, the Government’s Medicare Program consists of 4 parts:

  • Part A is for hospital services, no premium
  • Part B is for medical services, premium based on income
  • Part C are Medicare Advantage Plans. It’s a Government Program. Sold through Insurance Companies, plans and pricing vary.
  • Part D is the prescription drug plan. It is also sold through insurance companies, plan and pricing vary.

Medicare does not cover all the costs.

To help cover the costs that Medicare doesn’t cover, you have a few choices.

  • Medicare supplement plans (AKA – Medigap)
  • Medicare Advantage Plans
  • Prescription Drug Plans (AKA – Part D, PDP, and Medicare Rx)

In order to purchase one of these supplements, you will need to sign up for both Medicare Part A and Part B.

Please contact us at (847) 426-2788. We are also proud of our 5 Star Google Places reviews. Thank you for visiting our website we look forward to working with you.

Thanks again,

Robert G. Eriksen, President
Personal Health Insurance Broker

Phone: (847) 426-2788
Email: Bob@EriksenInsurance.com

Chicago: Medicare Supplement Insurance

Wednesday, October 18th, 2017
Willis Tower (formerly Sears Tower) in Chicago...

Image via Wikipedia

We specialize in helping Chicago individuals understand Medicare and Medicare supplements.

Medicare is a federal program to help older Americans and some disabled Americans pay for the high cost of healthcare.

Generally, the Government’s Medicare Program consists of 4 parts:

  • Part A is for hospital services, no premium
  • Part B is for medical services, premium based on income
  • Part C are Medicare Advantage Plans. It’s a Government Program. Sold through Insurance Companies, plans and pricing vary.
  • Part D is the prescription drug plan. It is also sold through insurance companies, plan and pricing vary.

Medicare does not cover all the costs.

To help cover the costs that Medicare doesn’t cover, you have a few choices.

  • Medicare supplement plans (AKA – Medigap)
  • Medicare Advantage Plans
  • Prescription Drug Plans (AKA – Part D, PDP, and Medicare Rx)

In order to purchase one of these supplements, you will need to sign up for both Medicare Part A and Part B.

Please contact us at (847) 426-2788. We are also proud of our 5 Star Google Places reviews. Thank you for visiting our website we look forward to working with you.

Thanks again,

Robert G. Eriksen, President
Personal Health Insurance Broker

Phone: (847) 426-2788
Email: Bob@EriksenInsurance.com

Republicans now have a drop-dead date for replacing Obamacare

Tuesday, September 19th, 2017

Yahoo Finance reports:

“Republicans have only one month to pass legislation to repeal and replace Obamacare through the process by which they tried and failed earlier this summer.

According to a Friday ruling from the Senate parliamentarian, the window to pass an Obamacare-repeal bill through the process known as budget reconciliation will close at the end of September.

(more…)

Aetna may offer customers a free Apple Watch as a perk

Friday, August 18th, 2017

Yahoo Finance reports:

“Health insurer Aetna is already giving its workers free Apple Watches (plus a handful of regular customers), but it now looks ready to expand those bonuses to everyone. CNBCsources understand that Aetna is in talks with Apple to offer a free or discounted Watch as a perk to all eligible customers — no small number when Aetna covers 23 million people. It’s not certain what the deal would look like, but Aetna would like to hand out wristwear early in 2018.

(more…)

How Obamacare Makes Tax Filing Trickier

Thursday, April 21st, 2016

According to Time Inc.

“Many Americans will get new tax forms for the first time. Here’s what to do with them.

 

This year, you may be receiving tax forms you’ve never seen before, all thanks to the Affordable Care Act, aka Obamacare. For the most part, these documents won’t make tax filing too much harder—with one big exception. Here’s what you need to know about this paperwork, depending on what kind of health insurance you had in 2015.

If you had health insurance from your employer all year…

(more…)

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.”

(more…)

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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