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Posts Tagged ‘small businesses’
Friday, February 14th, 2020
Forbes.com reports:
“We made insurance its own category on this year’s Fintech 50 list. Why? It’s hot. Global funding for insurtech companies jumped from $4.4 billion (410 deals) in 2018 to $6.8 billion (476 deals) last year, according to Accenture. There are full-blown digital carriers and next generation virtual brokers. The aim is to close policies online, not by talking to a human agent at a call center.
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Tags: application, Broker, Hanover Park, Harvard, Harwood Heights, insurance, premiums, small businesses
Posted in Health Insurance News | Comments Off on The Future Of Insurance: Fintech 50 2020
Wednesday, August 21st, 2019
Small Business Trends reports:
“Many health insurance acronyms float around these days. In the past, people counted on essentially two health care options. They included traditional group health insurance and, for seniors, Medicare. Today, you’ll find a number of health care options. Some of which specifically limit themselves to small businesses. The array of options may confuse you because of the many names used to describe them.
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Tags: 2019, enrollment, health insurance premiums, insurance, Marketplace, open enrollment, River Grove, Riverwoods, Schaumburg, Schiller Park, small businesses
Posted in Health Insurance News | Comments Off on 9 Health Insurance Acronyms Small Business Owners Should Know
Tuesday, June 19th, 2018
AP News reports:
“The Trump administration’s new health insurance option offers lower premiums for small businesses and self-employed people, but the policies are likely to cover fewer benefits.
Another caveat: if healthy people flock to the new plans as expected, premiums will rise for those who need comprehensive coverage.
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Tags: Affordable Care Act, association health plan, Donald Trump, Downers Grove, Dundee, DuPage, East Dundee, Elburn, Elgin, Employers, Individuals, insurance, requirements, small businesses, Trump
Posted in Affordable Care Act, Health Insurance News | Comments Off on Lower costs, fewer benefits in new health insurance option
Friday, February 2nd, 2018
The Tax Advisor reports:
“The IRS recently issued Notice 2017-67 to provide guidance on “qualified small employer health reimbursement arrangements” (qualified small employer HRAs) under Sec. 9831(d). Qualified small employer HRAs enable an eligible employer to reimburse employees for medical expenses, such as health insurance premiums, as defined under Sec. 213(d). Qualified small employer HRAs are solely employer-funded; employees cannot contribute to them. Payments from a qualified small employer HRA to an employee are not includible in the employee’s income, as long as the employee has obtained qualifying health insurance. An employer can establish a qualified small employer HRA for tax years beginning after Dec. 31, 2016. The guidance within Notice 2017-67 is effective for arrangement plan years beginning on or after Nov. 20, 2017.
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Tags: ACA requirements, Affordable Care Act, group health plans, health insurance coverage, health savings account, requirements, Skokie, Sleepy Hollow, small businesses, small group, Solon Mills, South Barrington, South Elgin, special enrollment, Spring Grove, Sugar Grove, Tax
Posted in Small Business | Comments Off on Health reimbursement arrangements for small employers
Friday, February 2nd, 2018
Axios reports:
“The Department of Health and Human Services has posted its long-awaited proposed rule to make it easier to form “association health plans,” aimed at groups of workers who team up to get better deals on health insurance. Among other things, the rule would encourage these kinds of plans by removing the requirement that says associations have to have a purpose besides health insurance.
The bottom line: The rule says its goal is to help small businesses buy health coverage more easily, but the bigger question is whether they’d pull healthy people out of the Affordable Care Act exchanges.”
Tags: Affordable Care Act, association health plan, Health and Human Services, health insurance, small businesses, Spring Grove, Stone Park, Sugar Grove, the affordable care act, Tower Lakes, Trout Valley, Union, United Health Care, United Healthcare
Posted in Health Insurance News | Comments Off on Trump administration releases association health plan rule
Monday, October 30th, 2017
The Chicago Tribune reports:
“Cindy Purvance of Park City, Utah, was incensed when she received a letter in the mail, alerting her that her family’s health insurance premium would skyrocket to $1,300 a month next year – a $500 increase.
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Tags: affordable care, Affordable Care Act, Blue Cross, Blue Cross and Blue Shield, Broker, Donald Trump, enrollment, insurance, insurance broker, Navigator, ObamaCare, open enrollment, requirements, SHOP, sign up, small businesses, the affordable care act, Trump
Posted in Family Health Insurance | Comments Off on After Trump’s Obamacare moves, shopping for health insurance more baffling than ever
Wednesday, October 11th, 2017
Crains Chicago Business reports:
“John Kiefner, who farms 500 acres of hay in exurban Will County, has had health insurance from five companies in the past four years. One of them wouldn’t allow his wife and him to visit any of their own doctors. Another wouldn’t cover visits to the nearest hospital because it was out of network. All of them kept raising his premiums by 20 percent and more annually.
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Tags: Chicago, Elburn, health insurance, health insurance costs, healthcare.gov, Hebron, Herbron, High deductible health plan, Highland Park, Hillside, Hinsdale, Maple Park, Medicare, small businesses, the affordable care act, workplace
Posted in Health Insurance Cost | Comments Off on You think your health insurance costs too much. Try being a farmer.
Wednesday, March 8th, 2017
The Miami Herald reports:
“Hospitals around the country are reporting record levels of debt on their books from an unlikely source: patients with health care coverage.
As health insurers and employers have shifted health care costs to patients through high deductibles and other out-of-pocket expenses, people who in the past may not have worried about paying for a hospital visit or a surgical procedure are getting hit with massive medical bills that they can’t pay.
(more…)
Tags: affordable care, Affordable Care Act, DeKalb, DeKalb County, Des Plaines, employees, Employers, Geneva, health insurance, medical expenses, small businesses, the affordable care act
Posted in Individual Health Insurance | Comments Off on Got health insurance? That doesn’t mean you’ll be able to pay your medical bills.
Tuesday, August 2nd, 2016
Benefits Pro reports:
“Large employers continue to believe in the value of sponsored health benefits for employees, despite the options available to them under the Affordable Care Act. But small employers are increasingly choosing to pull out of the health benefits business.
That’s what a survey from the Employee Benefits Research Institute (EBRI) found when it examined the percentage of employers offering health insurance from 2008 to 2015. Using data from the Medical Expenditure Panel Survey — Insurance Component, EBRI reported that nearly 100 percent of the largest employers (those with 1,000 or more employees) have continued to offer health insurance through the ups and downs and gyrations of the past seven years.
Tags: affordable care, Affordable Care Act, Barrington, Barrington Hills, Cicero, Cigna, Des Plaines, Desplaines, health insurance, small businesses
Posted in Group Health Insurance | Comments Off on Large employers stick with employee health plans, small businesses another story
Tuesday, August 2nd, 2016
The Wall Street Journal reports:
“I was wrong. Wrong about an important part of ObamaCare.
When I joined the Obama White House to advise the president on health-care policy as the only physician on the National Economic Council, I was deeply committed to developing the best health-care reform we could to expand coverage, improve quality and bring down costs. We worked for months to pass this landmark legislation, and I still count celebrating the passage of the Affordable Care Act with the president one balmy spring night in 2010 as one of my greatest Washington memories.
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Tags: Affordable Care Act, DuPage County, East Dundee, ebola, Elburn, employer health insurance, Employers, federal medicaid, Fox River Grove, Government, health plan, Medicaid, Medicare, small businesses, the affordable care act
Posted in Obamacare | Comments Off on How I Was Wrong About ObamaCare
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