ERIKSEN GROUP
phone
x x x
 

Blog

Posts Tagged ‘Pingree Grove’

Why You Still Absolutely Need Health Insurance Despite the Death of the Penalty

Monday, May 20th, 2019

Yahoo Finance reports:

“Starting in 2019, you’ll no longer owe a fine to the IRS if you don’t have qualifying health insurance coverage. While the Affordable Care Act, or Obamacare, imposed a tax penalty for those who opted out of coverage, the mandate was eliminated with the tax reform law passed in late 2017.

(more…)

Illinois insurers seek premium increases of up to 45%

Tuesday, August 2nd, 2016

The Chicago Sun Times reports:

“Health insurance premiums for Illinois residents who buy coverage through the Affordable Care Act’s marketplace could increase by as much as 45 percent according to proposals submitted by insurers and made public Monday.

The leading insurer on Illinois’ exchange, Blue Cross Blue Shield, is proposing increases for 2017 ranging from 23 percent to 45 percent for individual health care plans, according to proposals posted by Healthcare.gov. Another insurer, Coventry Health Care of Illinois, proposed rate increases as high as 21 percent.

(more…)

Obamacare-Created Insurer Goes Under, Is Taken Over By The State

Tuesday, January 13th, 2015

The Daily Caller reports:

“An Obamacare-created and taxpayer-funded insurance company in Iowa has been taken over by the state due to a financial crisis.

CoOportunity Health is Iowa’s insurance cooperative — a nonprofit insurance company created by the Affordable Care Act to supposedly undercut the large, for-profit insurers that Democrats castigated as “greedy” and “evil” during the debate over health care reform.

(more…)

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.

First Steps to Take With IRS Draft ACA Reporting Instructions

Wednesday, September 10th, 2014

Health Insurance Exchange reports:

“The Internal Revenue Service late last week released a set of long-awaited draft instructions for the forms employers will need to file to comply with the Affordable Care Act’s employer mandate, providing an opportunity for benefit advisers and their employer clients to begin preparing for the new reporting requirements set to begin in 2015.

The draft instructions are available for Form 1095-A, “Health Insurance Marketplace Statement;” Forms 1094-B and 1095-B, “Transmittal of Health Coverage Information Returns” and “Health Coverage;” and Forms 1094-C and 1095-C, “Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns” and Employer-Provided Health Insurance Offer and Coverage.”

(more…)

What to consider before deciding to go without health insurance

Tuesday, February 18th, 2014

The Los Angeles Times reports:

“Some people may elect to forgo coverage if they believe the cost is too high. But health experts say they may not be aware of all the risks and benefits involved.

Sarah Giron wants health insurance, but she says it’s just not in her budget. “It’s so expensive,” says the 34-year-old stay-at-home mom in Riverside County.

(more…)

ACA Trade-Off: Low Premium, High Deductible

Wednesday, October 2nd, 2013

Insurance News Net reports:

“You might be pleased with the low monthly premium for one of the new health insurance plans under President Barack Obama’s overhaul, but the added expense of copayments and deductibles could burn a hole in your wallet.

An independent analysis released Wednesday, on the heels of an administration report emphasizing affordable premiums, is helping to fill out the bottom line for consumers.

(more…)

Insurers set to submit plans for Illinois exchange

Wednesday, April 10th, 2013

The Chicago Tribune Business reports:

Health insurance companies hoping to compete for a share of an estimated half-million new customers in Illinois can begin submitting health plans Monday to the state for inclusion on the Illinois health insurance exchange.

Operated in a partnership between the state and federal governments, the Illinois exchange is an online marketplace where individuals and small businesses can begin buying health insurance starting Oct. 1 for coverage that begins in 2014.

(more…)

Newsletter Signup

Free Consultation
image_questions
Change Your Broker
 
x x x