Starting on January 1, 2020, employers will be able to help their employees pay for qualified medical costs–such as premiums for an Individual Marketplace plan–through a new individual coverage health reimbursement arrangement (ICHRA). An ICHRA is an alternative to a traditional group plan that allows employees to select their own plan on the individual market.
Posts Tagged ‘individual’
New Tool To Determine HRA Affordability
Tuesday, October 29th, 20194 healthcare costs in retirement no one warns you about
Monday, May 20th, 2019“Many Americans are stressed about paying for late-in-life healthcare.
Studies show that over a third of US adults are more concerned about covering health costs in retirement than paying off debt and affording lifestyle expenses right now, but only about half have a financial plan in place for the future.
‘Medicare for All’ system could be complicated, potentially disruptive, say budget analysts
Monday, May 20th, 2019“As “Medicare for All” increasingly becomes a battle cry for Democrats on Capitol Hill and those running for president, the nonpartisan Congressional Budget Office weighed in Wednesday on how difficult it could be to move to a single government health care system.
American Hospital Association Issues Statement on Senate Medicare for All Proposal
Monday, April 15th, 2019“The American Hospital Association issued the following statement by Executive Vice President Tom Nickels:
“America’s hospitals and health systems share the goal of achieving universal coverage for all Americans. However, “Medicare for All,” while promising a one-size-fits-all solution, would instead take away choice from millions of Americans and put access to vital health care services at risk.
Most Short-Term Health Plans Don’t Cover Drug Treatment or Prescription Drugs, and None Cover Maternity Care
Tuesday, May 8th, 2018“A new Kaiser Family Foundation analysis of short-term, limited duration health plans for sale through two major national online brokers finds big gaps in the benefits they offer.
Through an executive order and proposed new regulations, the Trump Administration is seeking to encourage broader use of short-term, limited duration health plans as a cheaper alternative to individual market plans that comply with the Affordable Care Act’s requirements. Repeal of the individual mandate penalty – which currently applies to people buying short-term plans – is also expected to boost enrollment starting next year.
What is Trump’s New Short-Term Health Insurance Order?
Tuesday, May 8th, 2018“On February 20, 2018, the Departments of Health and Human Services (HHS), Labor and the Treasury released a proposed rule that would increase the length of coverage for short-term health insurance plans from three months to 364 days. They proposed this rule in response to an executive order President Trump issued in October 2017 telling these departments to propose regulations or guidance that would make this type of insurance more available in order to encourage consumer choice and provider competition in the health insurance market.
ACA Marketplace Plan Issues Threaten Consumers’ Financial Well-Being
Thursday, February 1st, 2018“If you bought health insurance during the Affordable Care Act open enrollment, congratulations. Your major health care needs, known and unknown, should be covered without risk of financial ruin. You may feel you are set until the next open enrollment. But you might actually have more work to do to make sure you are truly protected.
How much more will health care cost your company in 2018?
Friday, August 18th, 2017Crain’s Chicago Business reports:
“Around this time of year, many human resources executives and brokers are putting the finishing touches on health insurance plans they’ll offer to employees in the fall. They face tough questions: Will rising costs be swallowed by the company? Or will the bitter pill be passed down to employees?
