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Posts Tagged ‘McCullom Lake’
Thursday, April 5th, 2018
The Motley Fool reports:
“If you’re a senior on Medicare, new cards are coming soon. New cards will be mailed out between April 2018 and April 2019, and these new cards will no longer have your Social Security number on them.
(more…)
Tags: Government, health insurance, Maple Park, Marengo, Marketplace, Massachusetts, Maywood, McCullen Lake, McCullom Lake, McHenery, McHenry, Medicaid, Medicare, seniors
Posted in Medicare | Comments Off on Scammers Are Using New Medicare Cards to Try to Trick Seniors
Thursday, February 1st, 2018
The Observer reports:
“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.
(more…)
Tags: Affordable Care Act, Blue Cross, health insurance, individual, Individual Mandate, insurance, Marengo, Marketplace, Massachusetts, Maywood, McCullen Lake, McCullom Lake, McHenery, McHenry, McHenry County, open enrollment
Posted in Affordable Care Act | Comments Off on ACA Marketplace Plan Issues Threaten Consumers’ Financial Well-Being
Thursday, August 24th, 2017
Kaiser Health News reports:
“When doctors talk about a new leukemia drug from Novartis, they ooze enthusiasm, using words like “breakthrough,” “revolutionary” and “a watershed moment.”
But when they think about how much the therapy is likely to cost, their tone turns alarmist.
(more…)
Tags: cancer, Costs, doctors, Government, Hospital, insurance, long-term, Maple Park, Marengo, Marketplace, Massachusetts, Maywood, McCullen Lake, McCullom Lake, McHenery, McHenry, McHenry County, Medicaid, pediatric
Posted in Heath Care Costs | Comments Off on ‘Breakthrough’ Leukemia Drug Also Portends ‘Quantum Leap’ In Cost
Tuesday, August 16th, 2016
The Chicago Tribune reports:
“A large insurer on Illinois’ Obamacare exchange has decided not to credit former Land of Lincoln members for money they’ve already paid toward their deductibles despite a request from the state to consider doing so.
Blue Cross Blue Shield of Illinois has decided it cannot waive deductible or out-of-pocket costs for Land of Lincoln members who may join Blue Cross in October, said Blue Cross Blue Shield of Illinois spokeswoman Dana Holmes on Monday.
(more…)
Tags: Affordable Care Act, Blue Cross, Chicago, Hampshire, Hanover Park, Illinois Department of Insurance, individual, land of lincoln, Maple Park, McCullom Lake, UnitedHealthcare
Posted in Health Insurance News | Comments Off on Blue Cross Blue Shield won’t credit Land of Lincoln members for deductibles
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.”
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Tags: affordable care, Affordable Care Act, Blue Cross, Chicago, Chicagoland, Cook, Cook County, Dundee, Elmwood Park, Evanston, Government, health care costs, health care reform, health insurance costs, health reform, healthcare reform, healthcare.gov, IL, Illinois, Illinois health insurance exchange, insurance, Insurance Reform, Kane County, Kendall, McCullom Lake, McHenry, Mr. Obama, new health care, New health insurance law ACA, Northwest Suburbs, Obama care, ObamaCare, Obamacare regulation, Saint Charles, Schiller Park, South Barrington, state health insurance, Tax, taxpayer dollars, the affordable care act, West Chicago, Wicker Park
Posted in Affordable Care Act, Heath Care Costs | Comments Off on Illinois Obamacare plan crippled by losses
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 13th, 2015
Small Business Trends reports:
“This year as you complete your federal income tax return, you’ll need to provide extra information, due to Obamacare.
The Affordable Care Act will require one of three things for the 2014 tax year:
- If you had health coverage for the entire year in 2014, you will be prompted to check the appropriate box on your tax return.
- If you were exempt or got assistance through a Marketplace, you will need to take additional steps. Those steps may include completing Form 8962 for claiming the Premium Tax Credit assistance. Or you may need to complete a different form to claim an exemption.
- If you are not exempt and chose not to buy health coverage, you will have to pay an extra tax or fee.
(more…)
Tags: Government, Marketplace, Maywood, McCullen Lake, McCullom Lake, McHenery, McHenry, McHenry County, Medicaid, Minimum Essential Coverage, Mooseheart, ObamaCare, Penalty, requirements, Tax
Posted in Health Insurance News, Insurance Reform, Requirements | Comments Off on How To Report to the IRS About Health Coverage Under Obamacare
Tuesday, January 13th, 2015
Forbes reports:
“Question:
I am shopping the federal Marketplace for a new health insurance plan. Though I understand the basics of health insurance, deductibles have me confused. I am the sole breadwinner, living in Houston with a wife and two young children. All of us are relatively healthy, though we’ve been talking about having another child. Given these circumstances, should I choose a high-deductible plan to save money on monthly premiums or a low-deductible plan with higher premiums?
Answer:
Deductibles are a common source of confusion, and with the vast array of options in the Marketplace, your difficulty choosing the right plan is understandable. Understanding how high- and low-deductible plans work, how monthly premiums play into your decision and how these plans can affect your coverage will help ensure your family has the most appropriate health care plan in the coming year.
(more…)
Tags: affordable care, employees, health care costs, health insurance, health plan, health savings account, healthcare.gov, insurance plan, Marengo, McCullom Lake, McHenery, McHenry, medical expenses, the affordable care act
Posted in Health Insurance Cost | Comments Off on Should I Choose A High Or Low Deductible Health Insurance Plan?
Friday, October 3rd, 2014
The New York Times reports:
“A federal district judge in Oklahoma dealt a blow to the Affordable Care Act on Tuesday, ruling that the federal government could not subsidize health insurance in three dozen states that refused to establish their own marketplaces. This appears to increase the likelihood that the Supreme Court will ultimately resolve the issue.
Federal appeals courts in Washington and in Richmond, Va., split on this question in July.
(more…)
Tags: Affordable Care Act, Government, health insurance, Maple Park, Marengo, Marketplace, Massachusetts, Maywood, McCullom Lake, McHenry, McHenry County, Medigap, Richmond, subsidies, the affordable care act
Posted in Health Reform | Comments Off on U.S. Cannot Subsidize Health Plans in States With No Marketplace, a Judge Rules
Thursday, June 12th, 2014
Inc.com reports:
“So far, few small businesses have signed up for group health insurance through the new exchanges created by Obamacare. Here’s why.
The Obama administration has been touting its success at getting 8 million Americans signed up for individual health plans through new health-insurance marketplaces. But so far, it has kept mum about the number of small businesses that have enrolled in group plans via SHOP marketplaces, designed to help companies with 50 or fewer full-time-equivalent employees find affordable coverage. These federally-run exchanges are the default option in 34 states that declined to manage their own insurance marketplaces.
(more…)
Tags: Advisor, Broker, Cary, exchange, health, health insurance, health plan, Maple Park, Marengo, Marketplace, McCullen Lake, McCullom Lake, McHenry, Morton Grove, Mount Prospect, ObamaCare, small businesses
Posted in Health Reform, Insurance Reform | Comments Off on 4 Good Reasons Why Small Businesses Are Dropping Health Insurance
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