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Posts Tagged ‘Niles’
Tuesday, June 14th, 2016
The Chicago Tribune reports:
“Illinois residents who buy Blue Cross and Blue Shield health care coverage through the state insurance exchange may be in for Obamacare sticker shock, if proposed rate hikes by the largest insurers in Texas and Oklahoma are any indication.
Texas and Oklahoma are possible harbingers of Blue Cross’ prices on the Illinois exchange because all three health plans are owned by the same company, Chicago-based Health Care Service Corp. Blue Cross is the most popular insurer on the Illinois exchange.
(more…)
Tags: Niles, Norridge, North Aurora, Northern Illinois, Northlake, Oakwood Hills, open enrollment, Penalty
Posted in Blue Cross and Blue Shield, Heath Care Costs | Comments Off on Blue Cross premium hikes in Texas, Oklahoma could mean Illinois sticker shock
Tuesday, January 26th, 2016
According to Bloomberg Business:
“Humana Inc. is the latest insurer to run into trouble in Obamacare’s individual health-insurance markets.
The health insurer said that it probably won’t collect enough money to cover costs for some customers who bought individual plans, and will set aside what’s known as a premium deficiency reserve. The shortfall is for 2016 plans that comply with new rules under the Affordable Care Act, Louisville, Kentucky-based Humana said Friday.
UnitedHealth Group Inc., the biggest U.S. health insurer, said in November that it might stop participating in the Obamacare next year after taking losses. One analyst predicted that Humana would follow suit.
(more…)
Tags: 2015, 2016, ACA, ACA requirements, Advocate Heath Care, affordable care, Affordable Care Act, affordable health insurance, Albany Park, Algonquin, Andersonville, Arlington Heights, Atena, aurora, barack obama, Barrington Hills, Bartlett, Batavia, BCBS, BCBSIL, Bucktown, budget cuts, buffalo grove, Bull Valley, buy health insurance, buying insurance, California healthline, cancer coverage, care reform legislation, Carol Stream, Carpentersville, Changeing Health Care, Chicago, Chicagoland, Cicero, College Grads, commerce clause of the constitution, Commonwealth Care Health Insurance, Cook, Cook County, Costs, coverage plan, Crystal Lake, Deerfield, DeKalb, DeKalb County, Des Plaines, Downers Grove, Dundee, DuPage, DuPage County, Elburn, enroll, enrollment, Fox River Grove, Fox Valley, Geneva, Gilberts, Glen Ellyn, government regulations, Hampshire, Harwood Heights, 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, Herbron, Highland Park, Humana, Huntley, IL, Illinois, Illinois health insurance exchange, individual, individual health insurance, individual insurance, Individual Mandate, Individual Shared Responsibility, Individuals, Insurance benefit consultant, insurance broker, insurance industry, insurance news, insurance plan, Insurance Reform, Itasca, Kane, Kane County, Kendall, Kendall County, Lake County, Lake in the Hills, Lake View, Lakewood, Lincoln Park, Maple Park, Marengo, Marketplace, McCullen Lake, McHenery, McHenry, McHenry County, Naperville, new health care, New health insurance law ACA, Niles, North Aurora, North Barrington, North West Suburbs, Northwest Suburbs, Obama care, ObamaCare, Obamacare regulation, open enrollment, Palatine, Park Ridge, Producer, Riverwoods, Rolling Meadows, Schaumburg, self-insurance, single payer health care system, South Barrington, special enrollment, state health insurance, Streamwood, Sugar Grove, the affordable care act, Tower Lakes, Village of Lakewood, Warrenville, Wasco, West Chicago, Wicker Park, Wood Dale, young adults
Posted in Affordable Care Act, Health Insurance News, Individual Health Insurance | Comments Off on Humana to Record 2016 Obamacare Shortfall, Membership Drops
Monday, January 11th, 2016
California Healthline Reports:
“On Friday, CMS released a proposed rule that would require minimum network standards for health plans sold through the federal exchange in 2017, Modern Healthcare reports.
Proposed Rule’s Network Standards
Under the rule, states would be required to implement CMS-approved quantitative measures to ensure that individuals with exchange plans have adequate access to health care providers. States could either:
- Adopt default network adequacy standards set by CMS; or
- Draft their own network adequacy standards and submit them for HHS approval.
Such standards could measure a plan’s network adequacy based on policyholders’ maximum travel distances and times to access providers. According to CMS, minimum adequacy standards for the plans will be determined at a later date. HHS would then notify insurers of the standards in each state (Herman/Dickson, Modern Healthcare, 11/20). (more…)
Tags: ACA, ACA requirements, Advisor, affordable care, Affordable Care Act, affordable health insurance, Albany Park, Algonquin, Andersonville, Arlington Heights, aurora, Barrington, Barrington Hills, Bartlett, BCBS, BCBSIL, Blue Cross and Blue Shield, Blue Cross and Blue Shield of Illinois, bronze plan, Bucktown, buy health insurance, buying insurance, California healthline, Carol Stream, Carpentersville, Changeing Health Care, Chicago, Chicagoland, Cicero, Cook, Cook County, Costs, coverage plan, Crystal Lake, Darien, DeKalb, DeKalb County, departments of health and human services, Des Plaines, Desplaines, Downers Grove, DuPage County, East Dundee, employer health insurance, enroll, enrollment, exchange, Forest Park, Fox River Grove, Franklin Park, Glen Ellyn, Glendale Heights, government regulations, Hampshire, 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 premiums, health insurance reform, health plan, health programs, health savings account, healthcare reform, healthcare.gov, Hoffman Estates, Huntley, IL, individual, Individuals, insurance broker, insurance industry, insurance news, insurance plan, Insurance Reform, Kane, Kane County, Kendall County, Lake County, Lake View, Lakewood, Lincoln Park, Long Grove, Marengo, McHenery, McHenry, McHenry County, Medicare, Montgomery, Naperville, Navigator, new health care, New health insurance law ACA, Niles, North Barrington, North West Suburbs, Northern Illinois, Northlake, Northwest Suburbs, notices, Oakwood Hills, Obama care, ObamaCare, Obamacare regulation, open enrollment, Palatine, Park Ridge, Prairie Grove, Roselle, Schaumburg, Schiller Park, Self Employed, self-insurance, SHOP, Skokie, small businesses, Spring Grove, St. Charles, state health insurance, state legislatures, Streamwood, the affordable care act, Tower Lakes, Village of Lakewood, Wasco, West Chicago, Wheeling, Wicker Park, Winfield, Woodstock
Posted in Affordable Care Act, Health Insurance News, Open Enrollment | Comments Off on CMS Proposes Health Insurance Exchange Changes for 2017
Tuesday, September 17th, 2013
Insurance News Net reports:
“Low-income workers on union health plans are not eligible for the same federal subsidies available to those who buy insurance in the new state health care marketplaces, the White House said Friday.
The decision is a disappointment for labor unions, coming shortly after top union officials met for more than an hour with President Barack Obama to press their case that subsidies could be extended to union-sponsored plans.
(more…)
Tags: Affordable Care Act, group health plans, health care law, health insurance, insurance, Johnsburg, Kaneville, Lakewood, Lombard, Marengo, Marketplace, Niles, Norridge, requirements, subsidies
Posted in Uncategorized | Comments Off on White House: No Subsidies For Union Health Plans
Tuesday, September 3rd, 2013
Insurance News Net reports:
“A growing number of companies are looking to clamp down on rising health care costs by dumping coverage for their employees’ working spouses.
Others are requiring their workers to pay extra money to cover a spouse who could get health insurance elsewhere. And some may even consider making employees pay the full cost of insuring their children.
(more…)
Tags: Affordable Care Act, health care law, health insurance, insurance news, Niles, Norridge, North Aurora, North Barrington, North West Suburbs, Northern Illinois, Northlake, Northwest Suburbs, Penalty, SHOP, Tax
Posted in Health Laws | Comments Off on Health Plans Dropping Spouses; Are Children Next?
Tuesday, September 3rd, 2013
Kaiser Health News reports:
“As employers and insurance companies shift more health costs into workers’ pockets, hospitals are making a discovery. The pockets aren’t bottomless.
“The number of accounts that we’re seeing that relate to these high-deductible plans has been building, and it has been putting pressure on our bad debt levels,” Tenet Healthcare financial chief Daniel Cancelmi told stock analysts last week. “We’ve seen it building over the past several years, and it’s continued into 2013 as well.”
(more…)
Tags: Affordable Care Act, deductibles, health, health savings account, insurance, McHenry, Mount Prospect, Niles, North Aurora, North Barrington, North West Suburbs, Northern Illinois, Northlake, Northwest Suburbs, subsidies, the affordable care act
Posted in Insurance Reform | Comments Off on More High-Deductible Plan Members Can’t Pay Hospital Bills
Monday, May 6th, 2013
Insurance News Net reports:
“If you’re overweight, have high blood pressure, smoke or are diabetic, your employer may soon require you to improve your health, get counseling on the issue or pay a fine, especially if you work for a large corporation.
In an effort to rein in soaring medical-insurance costs — now estimated at more than $12,000 per employee — big companies are increasingly turning from incentives to penalties to change their workers’ unhealthy habits.
The most recent example is CVS Caremark, which has ignited controversy by requiring its 200,000 employees across Florida and the nation to undergo screenings to record their weight, body fat, blood glucose and blood-pressure levels. If they don’t do so by May 1, they’ll have to pay an extra $600 for health insurance in the coming year.
(more…)
Tags: Bensenville, Carpentersville, Chicago, Chicagoland, DeKalb, Fox Valley, Hampshire, health care costs, health insurance, insurance news, Maple Park, Niles, North West Suburbs, Northern Illinois, Northwest Suburbs, Penalty, premiums, requirements
Posted in Heath Care Costs | Comments Off on Unhealthy Habits Have Growing Effect On Insurance Premiums
Thursday, April 4th, 2013
The New York Times reports:
“Unable to meet tight deadlines in the new health care law, the Obama administration is delaying parts of a program intended to provide affordable health insurance to small businesses and their employees — a major selling point for the health care legislation.
The law calls for a new insurance marketplace specifically for small businesses, starting next year. But in most states, employers will not be able to get what Congress intended: the option to provide workers with a choice of health plans. They will instead be limited to a single plan.
(more…)
Tags: affordable health insurance, Barrington Hills, buying insurance, Chicago, Chicagoland, Delay, Elgin, exchange, Fox Valley, health care costs, Highland Park, Hoffman Estates, Insurance Reform, new health care, Niles, North West Suburbs, Northern Illinois, Northlake, Northwest Suburbs, SHOP
Posted in Exchange, Insurance Reform | Comments Off on Small Firms’ Offer of Plan Choices Under Health Law Delayed
Tuesday, March 26th, 2013
Daily Finance reports:
“It’s a topsy-turvy time for health care reform. Fights break out at the federal and state level about Affordable Care Act provisions. Details of plans come into focus. And investors sit back to see who’s going to benefit where from what.
Here’s a look back at the reform news making headlines this week.
Federal news House Republicans back a new bill requiring private health insurers to include details about ACA-related taxes in the annual letters to customers. The thinking is that the disclosures would illustrate how the costs of health care reform will drive up customer premium price, a common Republican counterargument.
Meanwhile, Senate Democrats met with Secretary of Health and Human Services Kathleen Sebelius to discuss problems with how the ACA changes will roll out. Sebelius met with the Senate Finance Committee and one-on-one with its members.
(more…)
Tags: Burlington, Chicago, Chicagoland, exchange, Fox Valley, Harwood Heights, Health and Human Services, health care reform, health insurance, Health insurance exchange, Maple Park, Marengo, Medicaid, Mental Health, Naperville, Niles, Norridge, North Aurora, North Barrington, North West Suburbs, Northwest Suburbs, ObamaCare
Posted in Health Laws, Insurance Reform | Comments Off on This Week’s Health Care Reform Headlines
Monday, July 30th, 2012
FOX Small Business Center reports:
“With more than 500 provisions, the Patient Protection and Affordable Care Act contains hefty tax implications for small business owners.
Of the 500 provisions in health-care reform, more than 40 of these provisions affect the Internal Revenue Code, including incentives and tax breaks to individuals and small businesses to offset health-care expenses.
(more…)
Tags: Affordable Care Act, Batavia, Chicago, Chicagoland, Elgin, Fox Valley, Glen Ellyn, Government, health care reform, health insurance, Herbron, insurance plan, Niles, North Aurora, North Barrington, North West Suburbs, Northern Illinois, Northwest Suburbs, Oak Park, Patient Protection, River Grove, Riverwoods, the affordable care act, Union, Wood Dale
Posted in Heath Care Costs, Insurance Reform | Comments Off on Don’t Get Hit With Fines Under Health Care Reform
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