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Posts Tagged ‘Norridge’

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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Why your 2015 health coverage will cost more

Wednesday, September 10th, 2014

Crain’s Chicago Business reports:

“A year after the nation embarked on the experiment in health care called Obamacare, rising drug prices threaten to jack up costs for employees and employers alike in 2015.

Health care plans spend the most on drugs for common chronic ailments such as diabetes, high blood pressure and high cholesterol. As those conditions become more prevalent, growing demand is enabling pharmaceutical companies to boost prices at rates well beyond overall inflation. For example, spending by health plans in the U.S. on Lantus, a long-acting form of insulin made by Sanofi SA, rocketed 27 percent in 2013, according to , a pharmacy benefits manager in St. Louis.

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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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Feds: PPACA subsidy claims will be checked

Tuesday, July 16th, 2013

Benefits Pro reports:

“The federal government will check income claims by individuals applying for subsidies under Obamacare and remains on track to open the health insurance exchanges it will operate on Oct. 1, the main administrator of the exchanges said this week.

Writing in a Health and Human Services website blog, Marilyn Tavenner, administrator of the Centers for Medicare & Medicaid Services, said she was hoping to clear up “mischaracterizations” and “confusion” that arose in the wake of the employer mandate postponement and coverage about final regulations CMS released Friday on eligibility for the exchanges.

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Choice of Health Plans to Vary Sharply From State to State

Wednesday, July 10th, 2013

The New York Times reports:

“When a typical 40-year-old uninsured woman in Maine goes to the new state exchange to buy health insurance this fall, she may have just two companies to choose from: the one that already sells most individual policies in the state, and a complete unknown — a nonprofit start-up.

Her counterpart in California, however, will have a much wider variety of choices: 13 insurers are likely to offer plans, including the state’s largest and best-known carriers.

With only a few months remaining before Americans will start buying coverage through the new state insurance exchanges under President Obama’s health care law, it is becoming clear that the millions of people purchasing policies in the exchanges will find that their choices vary sharply, depending on where they live.

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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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New Rates and Extended Policy Benefit Periods for Temporary Policies Are Available Now

Tuesday, March 5th, 2013

The Aug. 1, 2012, rates for new and renewing SelecTEMP® PPO policies for one-to-six month benefit period options are continued for effective dates Feb 1, 2013, and later. Now, for effective dates Feb. 1, 2013, or later, a new benefit period option of up to 11 months is available.

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Health Reform Law Ends Lifetime Limits For 105M Americans

Tuesday, March 6th, 2012

Insurance News Net reports:

“State-by-state data available

Health and Human Services Secretary Kathleen Sebelius released a new report today on how the health reform law has eliminated lifetime limits on coverage for more than 105 million Americans. Before health reform, many Americans with serious illnesses such as cancer risked hitting the lifetime limit on the dollar amount their insurance companies would cover for their health care benefits.

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