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Posts Tagged ‘Oak Park’
Monday, May 20th, 2019
AP reports:
“Scrap “Obamacare”? Well, maybe not all of it.
The Trump administration is arguing in court that the entire Affordable Care Act should be struck down as unconstitutional. But at the same time, Justice Department lawyers recently suggested that federal judges could salvage its anti-fraud provisions, raising questions about keeping other parts as well.
(more…)
Tags: Affordable Care Act, barack obama, Donald Trump, Government, health care system, healthcare.gov, Individuals, insurance, Medicaid, Medicare, North Barrington, North West Suburbs, Northern Illinois, Northlake, Northwest, Northwest Suburbs, Oak Park, Oakbrook Terrace, Oakwood Hills, ObamaCare
Posted in Affordable Care Act | Comments Off on Scrap ‘Obamacare’? Maybe not all, Trump administration says
Tuesday, January 26th, 2016
According to The CT Mirror:
“Even if you don’t get your health insurance through Obamacare, you’re likely to get something related to the health law in the mail in the coming weeks: A new tax form.
 The 1095-A form exchange customers will receive. Others will get different versions, depending on the source of their health care coverage. Known as Form 1095, it’s part of the way the federal government verifies whether people are complying with the mandate that requires nearly all U.S. residents to have health care coverage. This year is the first time most people will be getting those forms, and officials are anticipating a fair amount of confusion. In part, that’s because what you need to do with that form depends on the type of coverage you had.
Here’s what you need to know. (more…)
Tags: 2015, 2016, ACA, ACA requirements, advice, affordable care, Affordable Care Act, affordable health insurance, Albany Park, Alden, Algonquin, Andersonville, Bannockburn, barack obama, Barrington, Barrington Hills, Bartlett, Boulder Hill, Bucktown, budget cuts, buffalo grove, Bull Valley, buy health insurance, buying insurance, care reform legislation, Carpentersville, Cary, Changeing Health Care, Chicago, Chicagoland, Cook, Cook County, Costs, coverage plan, Crystal Lake, Darien, Deer Park, Deerfield, DeKalb, DeKalb County, Des Plaines, Downers Grove, DuPage, DuPage County, East Dundee, Elburn, Elmhurst, employer health insurance, enroll, enrollment, exchange, federal medicaid, Fox River Grove, Fox Valley, Geneva, Glen Ellyn, Government, government regulations, Hampshire, Harvard, 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, Highland Park, Huntley, IL, Illinois, Illinois health insurance exchange, individual, individual health insurance, individual insurance, Individual Mandate, insurance, Insurance benefit consultant, insurance industry, insurance news, insurance plan, Insurance Reform, IRS, Kane, Kane County, Kendall, Kendall County, Lake County, Lakewood, Lincolnwood, Lombard, Maywood, McCullen Lake, McHenery, McHenry, McHenry County, Medicaid, Medicare, Montgomery, Naperville, new health care, New health insurance law ACA, North Aurora, North West Suburbs, Northern Illinois, Northlake, Northwest Suburbs, Oak Park, Obama care, ObamaCare, Obamacare regulation, open enrollment, Palatine, Park Ridge, Penalty, Pingree Grove, Prairie Grove, premiums, public exchange, Ringwood, Rolling Meadows, Roselle, Saint Charles, Schaumburg, sign up, Skokie, South Barrington, special enrollment, St. Charles, state health insurance, state legislatures, Stone Park, Supreme Court, supreme court decisions, Tax, taxpayer dollars, Tower Lakes, Villa Park, Wasco, West Chicago, West Dundee, Westchester, Wheaton, Wicker Park, Will, Will County, Wood Dale, Woodstock
Posted in Affordable Care Act, Health Insurance News, Heath Care Costs | Comments Off on Coming soon to your mailbox: An Obamacare tax form
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 Advocate Reports:
“The Affordable Care Act is confusing and complicated, which means that health insurance agents and brokers are needed to help consumers pick the best plans for them, Kevin Counihan, chief executive officer of Healthcare.gov, said Monday.
“It’s got plenty of opportunity to be made a little bit better,” Counihan said. “And I’m very hopeful and confident that as we get more adults in Congress that they’re all going to sit down, the two sides together, and they’re going to address some of these issues.”
Counihan spoke to about 20 brokers and agents at an event hosted in Baton Rouge by the Louisiana Association of Health Underwriters. (more…)
Tags: ACA, ACA requirements, Advocate Heath Care, affordable care, Affordable Care Act, affordable health insurance, Albany Park, Algonquin, Andersonville, barack obama, Barrington, Barrington Hills, Bartlett, BCBS, BCBSIL, Blue Cross and Blue Shield of Illinois, budget cuts, buffalo grove, buy health insurance, buying insurance, care reform legislation, Carol Stream, Carpentersville, Cary, Chicago, Chicagoland, Cicero, COBRA, Consultant, Cook, Cook County, Costs, Crystal Lake, deductibles, DeKalb, DeKalb County, departments of health and human services, Des Plaines, Downers Grove, Dundee, DuPage County, East Dundee, Elgin, employer health insurance, enroll, enrollment, exchange, family plan, Fox River Grove, Fox Valley, Geneva, Gilberts, Glendale Heights, Government, government regulations, group health plan, group health plans, Hampshire, Health and Human Services, health care benefits, health care costs, health care law, health care reform, health care system, health insurance, health insurance costs, health insurance coverage, Health insurance exchange, health insurance marketplace, health insurance reform, health plan, health programs, health reform, health savings account, healthcare reform, healthcare.gov, High deductible health plan, human resources, Humana, Huntley, IL, Illinois health insurance exchange, individual, Insurance benefit consultant, insurance broker, Kane, Kane County, Kendall County, Key Findings ACA, Lake County, Lake in the Hills, Lake View, Lakewood, Long Grove, Marengo, Marketplace, McHenery, McHenry, McHenry County, Morton Grove, Naperville, new health care, New health insurance law ACA, Northlake, Oak Park, Obama care, ObamaCare, Obamacare regulation, open enrollment, Palatine, Prairie Grove, Riverwoods, Saint Charles, Schaumburg, South Barrington, Streamwood, taxpayer dollars, the affordable care act, U.S. Senate, unemployment, United Healthcare, UnitedHealthcare, Wasco, West Chicago, Wheaton, Will County
Posted in Affordable Care Act, Health Care .gov, Health Insurance News | Comments Off on Healthcare.gov CEO says insurance marketplace’s complexity argues for agents
Monday, May 11th, 2015
HealthCare.gov reports:
“The Employer Shared Responsibility Payment applies to some businesses with 50 or more full-time employees who don’t offer insurance, or whose coverage doesn’t meet certain minimum standards.
Regulations announced in 2014 have updated the following:
- Which employers must make the payment
- Which years some employers must begin making the payment
- Other conditions about the payment
The Internal Revenue Service offers detailed questions and answers about the Employer Shared Responsibility Payment.
The Treasury Department has a fact sheet summarizing recent updates on the Employer Shared Responsibility Payment.
No employer with fewer than 50 full-time employees is subject to the Employer Shared Responsibility Payment in any year.
Tags: Chicago, Chicagoland, Cook, Cook County, employees, Employers, healthcare.gov, insurance, IRS, Northern Illinois, Oak Park, Oakbrook Terrace, Oakwood Hills, ObamaCare, Obamacare regulation
Posted in Affordable Care Act, Health Care .gov | Comments Off on The Employer Shared Responsibility Payment
Tuesday, January 13th, 2015
International Business Times reports:
“Millions of Americans who forwent buying health insurance in 2014 could face penalties in the coming year, the first such fees since open enrollment under the Affordable Care Act, or Obamacare, began in October 2013. The fine is part of President Barack Obama’s landmark law that requires all taxpayers to divulge their health insurance status to the Internal Revenue Service when filing their federal income tax returns. People who qualify for an exemption can avoid paying the penalty, but there is a little bit of extra paperwork involved.
(more…)
Tags: Affordable Care Act, enrollment, exchange, health insurance marketplace, healthcare.gov, IRS, Marketplace, North West Suburbs, Northern Illinois, Northlake, Northwest Suburbs, Oak Park, Oakwood Hills, Oswego, Penalty, Tax
Posted in Affordable Care Act, Health Insurance News | Comments Off on Health Care Penalties In 2015: How To Avoid Obamacare Fee And Report Insurance Status To IRS
Friday, October 3rd, 2014
From Aetna health plans:
ILLINOIS: Legislators introduced a bill last week that would require health plans providing prescription drug coverage to ensure that any required copayment or coinsurance for drugs on a specialty tier not exceed $100 per month for up to a 30-day supply of any single drug.The measure also states that a beneficiary’s annual out-of-pocket expenditures for prescription drugs should not be more than 50 percent of the dollar amounts in effect under ACA. Health plans would also be required to implement an exceptions process allowing enrollees to request an exception to the tiered cost-sharing structure. Health plans also would be prohibited from placing all drugs in a specialty class on a specialty tier.
Tags: ACA, enroll, health, health plan, Illinois, insurance, Oak Park, Oakbrook Terrace, Oakwood Hills, Oswego, Palatine, Park Ridge, Pingree Grove, Prairie Grove, Prospect Heights
Posted in Heath Care Costs | Comments Off on Bill Regulates Specialty Drug Co-pay Maximum
Wednesday, September 10th, 2014
Business Cheat Sheet reports:
“A great number of people in the United States have grown accustomed to having their employer pay for, or at least subsidize their healthcare costs. That usually takes the form of employer-provided health insurance plans, which have become a staple of most compensation packages for full-time employees that are working in positions that require even menial amounts of skill — and shutting out, for the most part, unskilled or low-wage workers. On the surface, it is a bit odd that we rely on our employers to pay for our health insurance. Yet, it’s become the norm, and one of the many reasons the U.S. healthcare system, as a whole, is so complicated and for lack of a better term, screwed up.
(more…)
Tags: Affordable Care Act, Blue Cross, Costs, health insurance, insurance plan, Oak Park, Oakbrook Terrace, Oakwood Hills, Obama care, Obamacare regulation, Oswego, Palatine, premiums, Supreme Court, the affordable care act
Posted in Group Health Insurance | Comments Off on It’s Time to Kick Employer-Sponsored Healthcare to the Curb
Friday, July 19th, 2013
The Wall Street Journal reports:
“This fall, people in every state are supposed to be able to buy health insurance through new online marketplaces, or exchanges, instituted by the federal health-care law. Insurers have been preparing for the rollout with research, trying to figure out what products to offer and how to market them. For consumers, here are some important questions and answers about the exchanges.
(more…)
Tags: Blue Cross and Blue Shield, buy health insurance, deductibles, Hampshire, Health insurance exchange, Marketplace, Oak Park, Oakbrook Terrace, Oakwood Hills, Richmond, subsidies
Posted in Insurance Reform | Comments Off on How Will Health Insurance Exchanges Work?
Thursday, May 23rd, 2013
Forbs reports:
“Just one day after the Internal Revenue Service additional Proposed Regulations to clarify governance issues related to the HealthCare Act, a group of taxpayers filed a lawsuit in federal court, hoping to put the brakes on the IRS’ right to enforce the Act. The case, Halbig et al v. Sebelius et al, (downloads as pdf) was filed Thursday in the District Of Columbia District Court by twelve plaintiffs, comprised of individuals and companies.
(more…)
Tags: Affordable Care Act, Chicago, Chicagoland, Fox Valley, Health and Human Services, Individual Mandate, IRS, medicaid coverage, North West Suburbs, Northern Illinois, Northwest Suburbs, Oak Park, Patient Protection, Richmond, Ringwood, River Grove, Riverwoods
Posted in Insurance Reform | Comments Off on Taxpayers File Suit Over IRS Rule on Health Care Act Tax Credits
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