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Posts Tagged ‘McHenry’

Most Americans want lower health care costs, not ‘Medicare for All’ or Obamacare repeal

Monday, May 20th, 2019

CNN Politics reports:

“Washington may be obsessed with enacting “Medicare for All” or repealing Obamacare, but Americans have other priorities.

They want Congress to prioritize reducing health care costs and protecting those with pre-existing conditions, according to a Kaiser Family Foundation poll released Wednesday.

(more…)

Scammers Are Using New Medicare Cards to Try to Trick Seniors

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…)

ACA Marketplace Plan Issues Threaten Consumers’ Financial Well-Being

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…)

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

‘Breakthrough’ Leukemia Drug Also Portends ‘Quantum Leap’ In Cost

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…)

Blue Cross Blue Shield Confirms Obamacare Death Spiral

Thursday, April 28th, 2016

According to The Beacon:

” The Blue Cross and Blue Shield Association, which represents 36 Blue Cross and Blue Shield plans covering 105 million Americans, has just released a study of its members’ claims data in Obamacare exchanges 2014 and 2015. It confirms that Obamacare exchange enrollees are sicker and more expensive than enrollees in pre-Obamacare individual plans or employer-based plans.

Here I quote four of the study’s findings:

  • Members who newly enrolled in BCBS individual health plans in 2014 and 2015 have higher rates of certain diseases such as hypertension, diabetes, depression, coronary artery disease, human immunodeficiency virus (HIV) and Hepatitis C than individuals who had BCBS individual coverage prior to health-care reform.
  • Consumers who newly enrolled in BCBS individual health plans in 2014 and 2015 received significantly more medical care, on average, than those with BCBS individual plans prior to 2014 who maintained BCBS individual health coverage into 2015, as well as those with BCBS employer-based group health insurance.

(more…)

Obamacare Encounters Another Bump in the Road

Thursday, April 28th, 2016

According to News Max Finance:

” Well, the hammer has fallen: The largest health insurer in the U.S. has started pulling out of select Obamacare exchanges.

Five months ago UnitedHealth, which had been singing sunny songs to investors about its bright future on the exchanges, abruptly began crooning the blues. In an earnings call barely a month after executives assured investors that all was going swimmingly, they confessed that they were losing a ton of money on their Obamacare policies and described a pattern that sounded as if consumers were gaming the system — signing up for a few months, using a ton of services, and then canceling their policies. If this continued, they said, they would have no choice but to pull out of the exchange business. (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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