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Posts Tagged ‘Lincolnwood’
Friday, August 18th, 2017
Forbes reports:
“Next time you run into someone who minimizes the problems with Obamacare, I want you to introduce them to Fay. She’s a reasonably healthy 60 year old grandmother living in Fayette County, Illinois and earns about 450% of the federal poverty level ($53,460) working for a small employer that does not provide her with health insurance. Right now, if she wants the second lowest silver plan in her area, she needs to pay 28% of her pre-tax income in order to get it — $1,247 per month. Fay just doesn’t have that kind of money and thus lives in fear of medical bankruptcy should something go wrong.
(more…)
Tags: deductibles, Health insurance exchange, health insurance premiums, Individuals, Kaneville, Kendall, Kendall County, Kildeer, Lafox, Lake, Lake County, Lake in the Hills, Lake View, Lakemoor, Lakewood, Lincoln Park, Lincolnwood, Long Grove, ObamaCare, Obamacare regulation
Posted in Obamacare | Comments Off on Where Obamacare Has Become Unaffordable, Short Term Health Insurance Can Help
Friday, March 24th, 2017
The Motley Fool reports:
“Medicare provides critical health benefits to countless senior citizens, and while Part A, which covers hospital visits, typically does not impose a premium, Parts B and D, which cover preventative services and prescription drugs, respectively, come at a cost.
(more…)
Tags: deductibles, dental, Hospital, insurance, Lincolnwood, Lisle, Logan Square, Lombard, Long Grove, Maple Park, Marengo, medical expenses, premiums, seniors
Posted in Medicare | Comments Off on Is Medicare Tax-Deductible?
Tuesday, January 26th, 2016
According to The CT Mirror:
“Even if you don’t get your health insurance through Obamacare, you’re likely to get something related to the health law in the mail in the coming weeks: A new tax form.
 The 1095-A form exchange customers will receive. Others will get different versions, depending on the source of their health care coverage. Known as Form 1095, it’s part of the way the federal government verifies whether people are complying with the mandate that requires nearly all U.S. residents to have health care coverage. This year is the first time most people will be getting those forms, and officials are anticipating a fair amount of confusion. In part, that’s because what you need to do with that form depends on the type of coverage you had.
Here’s what you need to know. (more…)
Tags: 2015, 2016, ACA, ACA requirements, advice, affordable care, Affordable Care Act, affordable health insurance, Albany Park, Alden, Algonquin, Andersonville, Bannockburn, barack obama, Barrington, Barrington Hills, Bartlett, Boulder Hill, Bucktown, budget cuts, buffalo grove, Bull Valley, buy health insurance, buying insurance, care reform legislation, Carpentersville, Cary, Changeing Health Care, Chicago, Chicagoland, Cook, Cook County, Costs, coverage plan, Crystal Lake, Darien, Deer Park, Deerfield, DeKalb, DeKalb County, Des Plaines, Downers Grove, DuPage, DuPage County, East Dundee, Elburn, Elmhurst, employer health insurance, enroll, enrollment, exchange, federal medicaid, Fox River Grove, Fox Valley, Geneva, Glen Ellyn, Government, government regulations, 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, Highland Park, Huntley, IL, Illinois, Illinois health insurance exchange, individual, individual health insurance, individual insurance, Individual Mandate, insurance, Insurance benefit consultant, insurance industry, insurance news, insurance plan, Insurance Reform, IRS, Kane, Kane County, Kendall, Kendall County, Lake County, Lakewood, Lincolnwood, Lombard, Maywood, McCullen Lake, McHenery, McHenry, McHenry County, Medicaid, Medicare, Montgomery, Naperville, new health care, New health insurance law ACA, North Aurora, North West Suburbs, Northern Illinois, Northlake, Northwest Suburbs, Oak Park, Obama care, ObamaCare, Obamacare regulation, open enrollment, Palatine, Park Ridge, Penalty, Pingree Grove, Prairie Grove, premiums, public exchange, Ringwood, Rolling Meadows, Roselle, Saint Charles, Schaumburg, sign up, Skokie, South Barrington, special enrollment, St. Charles, state health insurance, state legislatures, Stone Park, Supreme Court, supreme court decisions, Tax, taxpayer dollars, Tower Lakes, Villa Park, Wasco, West Chicago, West Dundee, Westchester, Wheaton, Wicker Park, Will, Will County, Wood Dale, Woodstock
Posted in Affordable Care Act, Health Insurance News, Heath Care Costs | Comments Off on Coming soon to your mailbox: An Obamacare tax form
Tuesday, January 26th, 2016
According to USA Today:
“Bowing to pressure from insurers, federal officials on Tuesday tightened the conditions under which people can sign up for plans on the HealthCare.govexchange outside open enrollment.
The move by the Centers for Medicare and Medicaid Services comes after complaints by health insurers that it was too easy for people to wait until they were sick to sign up and to drop coverage after they got treatment. Earlier Tuesday, UnitedHealth announced a 19% drop in profit and downgraded its earnings forecast citing concerns about its Obamacare enrollment and the flexibility people had to change insurance plans. (more…)
Tags: 2016, ACA, ACA requirements, affordable care, Affordable Care Act, affordable health insurance, Albany Park, Andersonville, Arlington Heights, Barrington, Bartlett, BCBS, Berwyn, Blue Cross, Bucktown, budget cuts, buy health insurance, buying insurance, care reform legislation, Carpentersville, Changeing Health Care, Chicago, Chicagoland, Cicero, Cook, Cook County, Costs, coverage plan, Crystal Lake, Deer Park, Deerfield, DeKalb, DeKalb County, Desplaines, Dundee, DuPage, DuPage County, ebola, Elgin, Elmwood Park, enroll, enrollment, exchange, Forest Park, Fox River Grove, Fox Valley, Franklin Park, Geneva, Gilberts, Glen Ellyn, Glencoe, Glendale Heights, Government, government regulations, group rates, health, health care benefits, health care costs, health care law, health care reform, health care system, 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, High deductible health plan, Hinsdale, Holiday Hills, Huntley, IL, Illinois, Illinois Department of Insurance, Illinois health insurance exchange, individual health insurance, individual insurance, insurance, Insurance benefit consultant, insurance industry, insurance news, insurance plan, Insurance Reform, Kane, Kane County, Kendall, Kendall County, Lake County, Lake in the Hills, Lake View, Lakewood, Lincolnwood, Logan Square, Maple Park, Marengo, Massachusetts, McCullom Lake, McHenery, McHenry, McHenry County, Medicaid, medical expenses, Medicare, new health care, New health insurance law ACA, North Aurora, North Barrington, North West Suburbs, Northern Illinois, Northlake, Northwest Suburbs, Oak Park, Oakbrook Terrace, Obama care, ObamaCare, Obamacare regulation, open enrollment, Palatine, Park Ridge, Penalty, Prairie Grove, Ringwood, Riverwoods, Roselle, Saint Charles, Schaumburg, sign up, Skokie, Sleepy Hollow, South Barrington, South Elgin, special enrollment, St. Charles, state health insurance, Streamwood, Sugar Grove, Tax, the affordable care act, timeline, Trout Valley, Villa Park, Village of Lakewood, Warrenville, Wasco, West Chicago, West Dundee, Wheaton, Will, Winfield, Wood Dale, Woodridge, Woodstock, young adults, young people
Posted in Affordable Care Act, Health Insurance News, Open Enrollment | Comments Off on Feds tighten when people can enroll in Obamacare plans
Tuesday, January 26th, 2016
According to The Motley Fool:
“Learn how this part of the Medicare program works.
 Retirees rely on Medicare to help them with their healthcare expenses, but getting a better understanding of how the program’s different components can be challenging. Medicare Part B plays a key role in the everyday aspects of healthcare, and below, you’ll learn more of the specifics of how much Part B costs and what it covers.
What Medicare Part B costs
Medicare participants pay a monthly premium to get Part B coverage, but one of the more confusing things about the program in 2016 is that different participants pay different amounts. The standard charge for most new participants this year is $121.80 per month. But because of a law that ties Medicare increases to cost-of-living adjustments for Social Security, the majority of existing participants will pay the $104.90 monthly premium they paid in 2015. (more…)
Tags: 2016, ACA, ACA requirements, Advocate Heath Care, affordable care, Affordable Care Act, affordable health insurance, Albany Park, barack obama, Barrington, Blue Cross and Blue Shield, Bucktown, Bull Valley, buy health insurance, buying insurance, Changeing Health Care, Chicago, Chicagoland, Cook, Cook County, Costs, coverage plan, deductibles, DeKalb, DeKalb County, departments of health and human services, disability insurance program, Dundee, East Dundee, Fox Valley, Government, government regulations, health, Health and Human Services, health care benefits, health care costs, health care law, health care reform, health care system, health insurance costs, health insurance coverage, Health insurance exchange, health insurance marketplace, health insurance reform, HMO, IL, Illinois, Illinois Department of Insurance, Illinois health insurance exchange, insurance, Insurance benefit consultant, insurance industry, insurance news, insurance plan, Insurance Reform, Kane, Kane County, Lake, Lake County, Lake View, Lincolnwood, long term care, McHenery, McHenry County, Medicaid, medicaid coverage, medicaid programs, Medicare, Naperville, new health care, New health insurance law ACA, North West Suburbs, Northwest Suburbs, Park Ridge, premiums, preventive services, retirement, Rolling Meadows, Saint Charles, Schaumburg, Schiller Park, social security and medicare, state health insurance, state legislatures, West Chicago, West Dundee, Wheeling, Wicker Park, Will, Will County, Woodstock
Posted in Medicare | Comments Off on Here’s What Medicare Part B Costs and Covers in 2016
Monday, March 2nd, 2015
Benefits Pro reports:
“Supreme Court ruling killing PPACA subsidies may cause premiums to skyrocket.
If the U.S. Supreme Court rules that federal subsidies under the Patient Protection and Affordable Care Act are invalid, 7.5 million Americans could face an average premium increase of 255 percent this year. And some could face an increase as much as 779 percent.
That’s the dire warning from consulting firm Avalere Health on the impact that the King vs. Burwell case could have on consumers. Arguments in the case begin March 4.
Avalere said 87 percent of federal exchange customers receive a subsidy. Therefore, the firm said killing the subsidies would cause “average monthly premium contributions for enrollees” to potentially increase “between 122 percent and 774 percent, depending on the state.” Residents in Alaska and Mississippi would see the highest percentage increases in their premium contributions, if the court rules in favor of the plaintiffs.
(more…)
Tags: affordable care, Affordable Care Act, Court Ruling, individual, Lakemoor, Lakewood, Lincolnwood, Lisle, Lombard, Long Grove, Marengo, Patient Protection, premiums, requirements, subsidies
Posted in Affordable Care Act, Subsidy | Comments Off on Ready for a 255% premium hike?
Tuesday, November 4th, 2014
Business Day reports:
“Like any other investment, whether it is stocks or properties or buying of assets, basic knowledge is necessary for a smooth deal. Where the basic knowledge is lacking, it is always advisable that you get an expert to lead you in the deal.
Insurance more than a number of these other investments, is technical in nature requiring that somebody going into it understand the secrets for effective insurance. Otherwise, use the broker because ignorance is not an excuse in law and worst is when someone has made loss, and there is a claim.
To avoid all of these cock and bull stories, take the services of an insurance brokers who by virtue of their profession understand the deal and can assist you to successfully undertake an insurance cover.
(more…)
Tags: advice, Broker, Costs, insurance, insurance broker, Kaneville, Kendall, Kendall County, Kildeer, Lafox, Lake, Lake County, Lake in the Hills, Lincolnwood, Lisle, premiums
Posted in Insurance Reform | Comments Off on A broker will help you avoid insurance pitfalls
Wednesday, September 3rd, 2014
Personal Finance Cheat Sheet reports:
“The side effects of the Affordable Care Act continue to surface in the labor market. In order to help manage rising health care costs and comply with new regulations, large employers across the nation are making adjustments to their benefit plans. The changes will undoubtedly place more responsibility on employees and make health savings accounts more attractive.
(more…)
Tags: Affordable Care Act, health savings account, Johnsburg, Kane, Kendall, Lake in the Hills, Lakemoor, Lakewood, Lincolnwood, Lombard, Long Grove, Maywood, medical expenses, the affordable care act
Posted in Heath Care Costs | Comments Off on 3 Reasons to Treat Obamacare Side Effects With HSAs
Wednesday, September 3rd, 2014
Yahoo Sports reports:
“The Chicago Cubs denied an assertion by the Chicago Sun-Times on Friday that the tarp debacle earlier in the week against the San Francisco Giants happened because the club short-staffs the grounds crew at Wrigley Field in order to avoid paying health insurance.
A surprising storm at Wrigley on Tuesday night caused a long delay because chief Roger Baird’s working crew couldn’t get the tarp — which had become saturated with water as it was unfurled — to cover the infield quickly enough. With field conditions unplayable even 4 1/2 hours after the rain stopped, umpires called the game in favor of the Cubs, who were leading in the bottom of the fifth inning. In a surprising but just turn of events, Major League Baseball upheld a protest by the Giants, and the teams resumed the suspended game Thursday. The Cubs won 2-1, but not before being thoroughly embarrassed.
(more…)
Tags: Affordable Care Act, health insurance, Inverness, Itasca, Johnsburg, Kane, Kaneville, Kendall, Kildeer, Lafox, Lake, Lake County, Lake in the Hills, Lakemoor, Lakewood, Lincolnwood, Lombard, Long Grove
Posted in Health Reform | Comments Off on Cubs cut grounds crew hours to avoid paying health insurance
Friday, May 16th, 2014
The New York Times reports:
“Here’s a prediction: By 2025, “fewer than 20 percent of workers in the private sector will receive traditional employer-sponsored health insurance.” The source of this claim? Dr. Ezekiel J. Emanuel, in his just-published book, “Reinventing American Health Care.”
(more…)
Tags: Affordable Care Act, health insurance, health plan, Lake in the Hills, Lakemoor, Lakewood, Lincolnwood, Lisle, Lombard, Long Grove, Marketplace, SHOP, small businesses, subsidies, the affordable care act
Posted in Group Health Insurance | Comments Off on Why Employers Will Stop Offering Health Insurance
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