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Posts Tagged ‘Oak Park’

Scrap ‘Obamacare’? Maybe not all, Trump administration says

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.

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The Employer Shared Responsibility Payment

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.

Health Care Penalties In 2015: How To Avoid Obamacare Fee And Report Insurance Status To IRS

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.

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Bill Regulates Specialty Drug Co-pay Maximum

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.

It’s Time to Kick Employer-Sponsored Healthcare to the Curb

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.

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How Will Health Insurance Exchanges Work?

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.

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Taxpayers File Suit Over IRS Rule on Health Care Act Tax Credits

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.

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