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Posts Tagged ‘Niles’

Blue Cross premium hikes in Texas, Oklahoma could mean Illinois sticker shock

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.

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White House: No Subsidies For Union Health Plans

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.

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Health Plans Dropping Spouses; Are Children Next?

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.

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Unhealthy Habits Have Growing Effect On Insurance Premiums

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.

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Small Firms’ Offer of Plan Choices Under Health Law Delayed

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.

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This Week’s Health Care Reform Headlines

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.

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Don’t Get Hit With Fines Under Health Care Reform

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…)

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