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Posts Tagged ‘medical expenses’
Wednesday, July 24th, 2019
JD Supra reports:
“On June 13, 2019, the Department of Labor, the Department of Health and Human Services, and the Department of Treasury (the “Departments”), published final regulations which significantly broaden the types of health plans that may be integrated with a health reimbursement arrangement (“HRA”). More specifically, beginning January 2020, the finalized rules allow HRAs to be integrated with certain qualifying individual health plan coverage and/or Medicare. The final rules reverse current guidance which requires HRAs to be integrated with only qualifying group health plan coverage. Practically speaking, this means that employers, beginning in 2020, will be allowed to subsidize employee premiums in the individual health insurance market and/or Medicare using pre-tax dollars, provided certain conditions are met. The final rules also allow certain HRAs to reimburse participants for certain premiums paid for excepted benefits. To achieve these results, the final rules create two new types of HRAs.
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Tags: Glenview, GOP, Health and Human Services, health insurance coverage, health insurance premiums, Lake in the Hills, Marketplace, medical expenses, private exchange, requirements
Posted in Employer benefits | Comments Off on New Final Regulations Expand the Availability of HRAs
Thursday, September 21st, 2017
Kaiser Health News reports:
“The Trump administration says many of the organizations that help people enroll in health plans on the federal insurance marketplaces don’t provide enough bang for the buck, sometimes costing thousands of dollars to sign up each customer. So, it is cutting their funding, some by as much as 90 percent, the government told the groups last week.
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Tags: budget cuts, Deer Park, Deerfield, DeKalb, DeKalb County, Delay, Des Plaines, Desplaines, Government, health plan, Insurance Reform, medical expenses, open enrollment, PPO
Posted in Individual Health Insurance | Comments Off on Bemoaning Budget Cuts, Navigators Say Feds Don’t Appreciate Scope Of The Job
Friday, August 18th, 2017
Crain’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?
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Tags: Affordable Care Act, Broker, Chicago, Donald Trump, Geneva, Genoa, Gilberts, Glen Ellyn, Glencoe, Glendale, Glendale Heights, Glenview, Hospital, human resources, individual, medical expenses
Posted in Affordable Care Act | Comments Off on How much more will health care cost your company in 2018?
Friday, March 24th, 2017
Yahoo Finance reports:
“Dr. Bryan Hill spent his career working as a pediatrician, teaching at a university, and working at a hospital. But in March 2016, he decided he no longer wanted a boss.
He took some time off, then one day he got a call asking if he’d be up for doing a house call for a woman whose son was sick. He agreed, and by the end of that visit, he realized he wanted to treat patients without dealing with any of the insurance requirements.
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Tags: Affordable Care Act, Barrington, Barrington Hills, Bartlett, Batavia, Bensenville, Berwyn, Big Rock, Blue Cross, Health and Human Services, health insurance, Hospital, insurance plan, medical expenses, Medicare, requirements, the affordable care act
Posted in Health Insurance News | Comments Off on A new kind of doctor’s office charges a monthly fee and doesn’t take insurance — and it could be the future of medicine
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.
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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?
Wednesday, March 8th, 2017
The Miami Herald reports:
“Hospitals around the country are reporting record levels of debt on their books from an unlikely source: patients with health care coverage.
As health insurers and employers have shifted health care costs to patients through high deductibles and other out-of-pocket expenses, people who in the past may not have worried about paying for a hospital visit or a surgical procedure are getting hit with massive medical bills that they can’t pay.
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Tags: affordable care, Affordable Care Act, DeKalb, DeKalb County, Des Plaines, employees, Employers, Geneva, health insurance, medical expenses, small businesses, the affordable care act
Posted in Individual Health Insurance | Comments Off on Got health insurance? That doesn’t mean you’ll be able to pay your medical bills.
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
Monday, January 11th, 2016
The New York Times Reports:
“Despite a 29 percent increase in the number of people enrolled in Obamacare, plenty of healthy holdouts remain, and their resistance helps explain why insurers are worried about the financial viability of the exchanges over time.
The New York Times
WASHINGTON —
Clint Murphy let the deadline for getting health insurance by the new year pass without a second thought.
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Tags: ACA, ACA requirements, affordable care, Affordable Care Act, affordable health insurance, barack obama, Blue Cross and Blue Shield, Blue Cross and Blue Shield of Illinois, buy health insurance, buying insurance, care reform legislation, Chicago, Chicagoland, Cook, Cook County, Costs, coverage plan, deductibles, employer health insurance, enrollment, exchange, Fox Valley, health care benefits, health care costs, health care reform, health care system, health insurance, health insurance costs, health insurance coverage, health insurance marketplace, health insurance premiums, health plan, healthcare.gov, IL, IRS, Kane, Kane County, Lake, Lake County, Lake in the Hills, McHenery, medical expenses, Medicare, New health insurance law ACA, Obama care, ObamaCare, Obamacare regulation, open enrollment, Penalty, premiums, state health insurance, subsidies, Tax, the affordable care act, Will County
Posted in Affordable Care Act, Family Health Insurance | Comments Off on Millions choose IRS fines as more affordable than health coverage
Wednesday, April 22nd, 2015
The State reports:
“Tim Liszewski didn’t have health insurance for a decade before signing up for a subsidized policy through the Affordable Care Act’s federal marketplace last year.
He likely will be uninsured again if the U.S. Supreme Court rules federal subsidies are illegal in states such as South Carolina that didn’t create their own insurance exchanges. The court hears arguments about that issue in the King v. Burwell case on Wednesday, with a decision likely coming in June.
(more…)
Tags: ACA, Affordable Care Act, Alden, Algonquin, Arlington Heights, Barrington Hills, Bartlett, Batavia, Bensenville, Berwyn, Big Rock, health care law, individual insurance, Lake, medical expenses, Medicare, Supreme Court, the affordable care act
Posted in Health Care .gov, Insurance Reform, Political | Comments Off on More than 100,000 in SC could lose health insurance if Supreme Court rules against subsidies
Tuesday, February 10th, 2015
Kaiser Health News reports:
“Elizabeth and Britt Harmon struggled for years to have a child, and were thrilled when their son Orin was born in February 2013. But they were unprepared for the medical problems that then upended the Brooksville, Maine couple’s lives.
Orin was born with pulmonary stenosis, a heart condition, and severe asthma. He required constant care, including frequent trips to the hospital and medications that cost hundreds of dollars. The Harmons had insurance through Britt’s job at a plumbing company, but it covered “maybe half” of their child’s medical expenses, Elizabeth said.
(more…)
Tags: Advisor, affordable care, Affordable Care Act, child, Geneva, Genoa, Gilberts, Glen Ellyn, Glencoe, Glendale, Glendale Heights, Glenview, Government, health care costs, individual, medical expenses, the affordable care act
Posted in Health Reform, Insurance Reform | Comments Off on Medical Debt Still a Problem Under Health Law — Despite Protections
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