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Posts Tagged ‘Producer’

News from the Blues

Monday, August 12th, 2013

Blue Cross and Blue Shield of Illinois reports:

Legislative Update Affordable Care Act Question of the Week: Waiting Period

The “Question of the Week” answers frequently asked questions regarding the Affordable Care Act (ACA). This week features a question about the 90-day Waiting Period. If you have a question about ACA provisions, contact your account representative.

Q: With the changes to the waiting period not being able to be longer than 90 days, do you know if groups can use the wording of “three months” instead of “90 days” in benefits and other account-related materials?

A: The language for the 90-day waiting period is specific to “90 days.” Based on the proposed rule, our understanding is that “three months” cannot be used because that may exceed 90 days. However, final rules have not been issued yet by the federal government.”

News from the Blues, July 10th

Tuesday, July 16th, 2013

BCBSIL reports:

Affordable Care Act Question of the Week: Minimum Essential Coverage [All Markets]

The “Question of the Week” answers frequently asked questions regarding the Affordable Care Act (ACA). This week, we feature a question about Minimum Essential Coverage.

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Most employers still plan to offer health coverage after reforms take effect

Friday, March 1st, 2013

Business Insurance reports:

“Despite increased costs and opposition to the health care reform law, the overwhelming majority of employers intend to keep providing health care coverage for their employees, according to a Business Insurance survey.Eighty-two percent of respondents said they will continue to offer coverage in 2014, the first year that public health insurance exchanges will be available for individuals to purchase coverage.Just 17% of respondents said they will explore terminating coverage and increasing employees’ salaries to help offset premiums employees would pay to buy coverage in exchanges.Just 1% said they would terminate coverage.Competition for needed employees is the top reason employers said they will continue offering coverage after exchanges start operating, with 63% saying they have to continue to sponsor plans to remain competitive.In addition, 25% said they thought it is their obligation as employers to provide coverage to their workforces, while 5% said the cost of eliminating coverage would exceed the costs of continuing it.Those costs would include a nontax-deductible $2,000 penalty for every full-time employee not offered coverage, plus the cost of boosting employees’ salaries to offset premiums the employees would pay for those employers that decide to do so.The passage of time, though, has not lessened employer opposition to the Patient Protection and Affordable Care Act. In fact, 62% of respondents said employer opposition to the reform law has increased in the past two years.Sixty-one percent of employers expect the law to increase their health insurance costs over the next five years.When asked if there is one health care reform law provision they hope Congress repeals, nearly one-third of respondents backed repeal of the penalty on employers that do not offer coverage or offer coverage that flunks a health care reform set affordability test. Under that test, employers are liable for a $3,000 penalty for each full-time employee whose premium payment for single coverage exceeds 9.5% of household income.In addition, 29% of employers said No. 1 on their list of provisions for Congress to repeal is a $2,500 annual cap on employee contributions to health care flexible spending accounts that went into effect Jan. 1.The survey, which was conducted for Business Insurance in December by Signet Research Inc., is based on the responses of 343 employers.”

Calif. exchange wants TV shows to help tout Obama healthcare law

Tuesday, September 25th, 2012

The Hill reports:

“Officials in California want prime-time TV shows to help promote President Obama’s healthcare law.

Outreach to television producers is part of the marketing plan adopted by California’s insurance exchange — a new marketplace, created by the Affordable Care Act, where individuals and small businesses will be able to buy private insurance.

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Federal Health Reform/Exchange Update

Wednesday, September 5th, 2012

Federal Health Reform/Exchange Update
August 2012

There has been a lot of activity since the U.S. Supreme Court ruled the PPACA constitutional in late June. Our Agent/Broker Health Reform Working Group has been busy staying on top of the issue and is doing everything possible to advocate for producer participation in the Exchange. The following is a summary of developments to date:

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Closer Look: New health care law offers mix of costs, savings for Illinois’ Medicaid program

Monday, July 16th, 2012

The Republic reports:

“CHICAGO — As the dust settles from the U.S. Supreme Court’s momentous decision on health care, top state leaders have faced off with conflicting figures about the cost to Illinois of expanded Medicaid coverage. President Barack Obama’s health care overhaul expands Medicaid to more Americans, but the court’s ruling, in effect, makes the expansion optional for states.

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Historically Low Growth In Healthcare SpendingExpected in 2013

Thursday, May 31st, 2012

Insurance News Net reports:

Projects PwC Health Research Institute
NEW YORK, May 31, 2012 /PRNewswire/ –Healthcare spending in the

United States is expected to grow at a historically low rate of 7.5 percent next year, according to the annual Behind the Numbers report on medical cost trend, published today by the Health Research Institute (HRI) of PwC US. The projection continues a pattern of slower medical growth, a reflection of the sluggish economy, increased focus on cost containment by the industry, lower use of services by cost-conscious patients and efforts by employers to hold down expenses.
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