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Posts Tagged ‘special enrollment’
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.
(more…)
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
Tuesday, September 19th, 2017
Yahoo Finance reports:
“Welcome to Fix My Finances, a Yahoo Finance personal finance series. Each episode, we take a look at one viewer’s financial state of affairs and offer advice, insight and information on a variety of issues, including how to save more, spend less and pay off lingering debt.
(more…)
Tags: ACA, ACA requirements, Affordable Care Act, health insurance marketplace, Itasca, Johnsburg, Kane, Kane County, Kaneville, Kendall, Kendall County, Kildeer, Lafox, Lake, Lake County, special enrollment
Posted in Affordable Care Act | Comments Off on Most common questions about ACA insurance
Wednesday, July 20th, 2016
The Chicago Tribune reports:
“Land of Lincoln Health’s insurance coverage for its individual enrollees will end Oct. 1, according to the Illinois Department of Insurance.
The agency posted the news on Land of Lincoln’s website. A green banner now greets visitors to the website with the headline, “Important notice to all members” with a link taking them to information about the Chicago-based insurer’s impending shutdown. The notice comes a week after the agency moved to seize control of the financially troubled Chicago-based insurer.
(more…)
Tags: Blue Cross and Blue Shield of Illinois, Chicago, health insurance, healthcare.gov, Illinois Department of Insurance, land of lincoln, Marketplace, special enrollment
Posted in Health Insurance News | Comments Off on Land of Lincoln coverage will end Oct. 1 for individual enrollees
Tuesday, January 26th, 2016
According to United Healthcare, Broker Connection Special Edition:
“On Dec. 28, 2015, the IRS announced that it is granting an automatic extension for the 2015 information returns required of insurers, employers and certain other providers of Minimum Essential Coverage (MEC) under Section 6055 and 6056 of the Internal Revenue Code (IRC).
Coverage providers that need more time now have until March 31 to get Form 1095 to individuals and until June 30 to electronically file with the IRS. For providers not filing electronically, the deadline is May 31, 2016. (more…)
Tags: 2015, 2016, ACA, ACA requirements, affordable care, Affordable Care Act, affordable health insurance, Albany Park, Andersonville, barack obama, Barrington, Bartlett, Broker, Bucktown, buffalo grove, buy health insurance, buying insurance, care reform legislation, Carol Stream, Carpentersville, Cary, Changeing Health Care, Chicago, Chicagoland, Contact Us, Cook, Cook County, Costs, Deerfield, DeKalb, DeKalb County, Dundee, DuPage, DuPage County, East Dundee, Elgin, Employers, enroll, enrollment, Fox Valley, Geneva, Glendale Heights, Government, government regulations, health, health care benefits, health care costs, health care law, health care reform, health care system, health exemption, 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, healthcare reform, healthcare.gov, Hinsdale, Huntley, IL, Illinois, Illinois Department of Insurance, Illinois health insurance exchange, individual, individual health insurance, individual insurance, Individual Mandate, Individual Shared Responsibility, Individuals, insurance, Insurance benefit consultant, insurance broker, insurance industry, insurance news, insurance plan, Insurance Reform, IRS, Johnsburg, Kane, Kane County, Kendall, Kendall County, Key Findings ACA, Lake, Lake County, Lake in the Hills, Lakewood, Logan Square, Long Grove, McHenery, McHenry, McHenry County, Minimum Essential Coverage, Mount Prospect, Naperville, Navigator, new health care, New health insurance law ACA, North Aurora, North West Suburbs, Northern Illinois, Northwest Suburbs, Obama care, ObamaCare, Obamacare regulation, open enrollment, Palatine, Penalty, PPO, pre existing conditions, Richmond, Riverwoods, Rolling Meadows, Saint Charles, Schaumburg, self-insurance, single payer health care system, South Barrington, special enrollment, Streamwood, Sugar Grove, Tax, taxpayer dollars, the affordable care act, timeline, UHC, United Health Care, United Healthcare, UnitedHealthcare, Villa Park, Warrenville, Wasco, Wayne, West Chicago, Wheaton, Wicker Park, Will, Will County, Wood Dale, Woodstock
Posted in Individual Health Insurance, Open Enrollment | Comments Off on IRS Grants Extension for 6055 and 6056 Reporting
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 Bloomberg Business:
“Humana Inc. is the latest insurer to run into trouble in Obamacare’s individual health-insurance markets.
The health insurer said that it probably won’t collect enough money to cover costs for some customers who bought individual plans, and will set aside what’s known as a premium deficiency reserve. The shortfall is for 2016 plans that comply with new rules under the Affordable Care Act, Louisville, Kentucky-based Humana said Friday.
UnitedHealth Group Inc., the biggest U.S. health insurer, said in November that it might stop participating in the Obamacare next year after taking losses. One analyst predicted that Humana would follow suit.
(more…)
Tags: 2015, 2016, ACA, ACA requirements, Advocate Heath Care, affordable care, Affordable Care Act, affordable health insurance, Albany Park, Algonquin, Andersonville, Arlington Heights, Atena, aurora, barack obama, Barrington Hills, Bartlett, Batavia, BCBS, BCBSIL, Bucktown, budget cuts, buffalo grove, Bull Valley, buy health insurance, buying insurance, California healthline, cancer coverage, care reform legislation, Carol Stream, Carpentersville, Changeing Health Care, Chicago, Chicagoland, Cicero, College Grads, commerce clause of the constitution, Commonwealth Care Health Insurance, Cook, Cook County, Costs, coverage plan, Crystal Lake, Deerfield, DeKalb, DeKalb County, Des Plaines, Downers Grove, Dundee, DuPage, DuPage County, Elburn, enroll, enrollment, Fox River Grove, Fox Valley, Geneva, Gilberts, Glen Ellyn, government regulations, Hampshire, Harwood Heights, 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, Herbron, Highland Park, Humana, Huntley, IL, Illinois, Illinois health insurance exchange, individual, individual health insurance, individual insurance, Individual Mandate, Individual Shared Responsibility, Individuals, Insurance benefit consultant, insurance broker, insurance industry, insurance news, insurance plan, Insurance Reform, Itasca, Kane, Kane County, Kendall, Kendall County, Lake County, Lake in the Hills, Lake View, Lakewood, Lincoln Park, Maple Park, Marengo, Marketplace, McCullen Lake, McHenery, McHenry, McHenry County, Naperville, new health care, New health insurance law ACA, Niles, North Aurora, North Barrington, North West Suburbs, Northwest Suburbs, Obama care, ObamaCare, Obamacare regulation, open enrollment, Palatine, Park Ridge, Producer, Riverwoods, Rolling Meadows, Schaumburg, self-insurance, single payer health care system, South Barrington, special enrollment, state health insurance, Streamwood, Sugar Grove, the affordable care act, Tower Lakes, Village of Lakewood, Warrenville, Wasco, West Chicago, Wicker Park, Wood Dale, young adults
Posted in Affordable Care Act, Health Insurance News, Individual Health Insurance | Comments Off on Humana to Record 2016 Obamacare Shortfall, Membership Drops
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
Investors Business Daily Reports:
“Socialist Medicine: Canadians love their hockey and have historically been happy with their government-run health care system. Hockey is thriving. The country’s health care system, though, is a wreck and getting worse.
It could be said the words “Canada” and “health care” really don’t go together because some Canadians never make it to the doctor.
Too many die untreated due to extended wait times to see a doctor, and those wait times have increased again this year. They are now almost twice as long as they were in 1993, the year Hillary Clinton tried to force government health care on Americans. (more…)
Tags: 2015, ACA, affordable care, Affordable Care Act, affordable health insurance, Algonquin, Arlington Heights, aurora, Barrington, Bartlett, Bucktown, buy health insurance, buying insurance, Changeing Health Care, Chicago, Chicagoland, Cicero, Cook, Cook County, Crystal Lake, Deer Park, DeKalb, DeKalb County, departments of health and human services, doctors, Downers Grove, Dundee, East Dundee, Elgin, employer health insurance, enrollment, Fox Valley, Franklin Park, Government, government regulations, group health plans, 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 reform, healthcare reform, healthcare.gov, Hoffman Estates, Hospital, Huntley, Illinois, Illinois Department of Insurance, Illinois health insurance exchange, individual health insurance, individual insurance, Kane, Kane County, Kendall County, Lake County, Lake in the Hills, Lake View, Lincoln Park, Long Grove, McHenry, McHenry County, medicaid programs, Morton Grove, new health care, New health insurance law ACA, Obama care, ObamaCare, Obamacare regulation, open enrollment, Palatine, Park Ridge, pre existing conditions, premiums, Prospect Heights, River Grove, Riverwoods, Rolling Meadows, Saint Charles, Schaumburg, Sleepy Hollow, social security and medicare, South Barrington, special enrollment, Streamwood, taxpayer dollars, the affordable care act, United Healthcare, Village of Lakewood, West Chicago, West Dundee, Will County, Woodridge, Woodstock
Posted in Affordable Care Act, Family Health Insurance, Health Insurance News, Heath Care Costs | Comments Off on Canadian Health Care: Patients Waiting Longer Than Ever For Treatment
Monday, November 2nd, 2015
 https://payload34.cargocollective.com/1/5/170224/2991397/LakeView.jpg We specialize in helping Lake View individuals, families, and businesses sign up and manage their Health Insurance.
With the many changes to health insurance, you may be wondering what the right choices are for you and your family. Every year brings new options and plan designs, and we can answer all of your questions. The Eriksen Insurance Group will work with you to find you the best coverage, at the best price, for your situation.
We help our clients with the following:
- Signing up for a new policy on or off the exchange
- Quoting and comparing new plans and prices
- Explaining renewal options
- Managing your current policy
- Reviewing doctor and hospital networks
- Determining if you qualify for a subsidy
- Navigating and signing up on Healthcare.gov
- Help businesses manage their health insurance and benefits plans
For individuals and families, the next annual open enrollment period for securing medical insurance starts November 1st 2015. If you have a recent life changing event, you may qualify for a special enrollment period at any time. Please call us at (847) 426-2788 for help determining your enrollment options.
There is no cost to work with The Eriksen Insurance Group; we get paid by the insurance companies to help you. For over 35 years, The Eriksen Insurance Group has helped many people find the best health insurance for their personal needs.
Over the next 3 to 5 years the health insurance world will be in a state of flux. Even after your enrollment we will be here to answer all your questions and help you make the right decisions. Inside or outside of the Exchange, company plan or personal policy; whatever your situation, we have the knowledge to help you. There is a wealth of information for you at our insurance reform blog. We are also proud of our 5 Star Google Places reviews. Thank you for visiting our website we look forward to working with you.
Thanks again,
Robert G. Eriksen, President
Personal Health Insurance Broker
Phone: (847) 426-2788
Email: Bob@EriksenInsurance.com
Tags: 60613, 60657, Blue Cross and Blue Shield, Blue Cross and Blue Shield of Illinois, Chicago, employer health insurance, enrollment, health insurance, healthcare.gov, IL, Insurance benefit consultant, insurance broker, Insurance Reform, Lake View, open enrollment, special enrollment
Posted in | Comments Off on Chicago, Lake View: Health Insurance
Monday, November 2nd, 2015
 https://payload24.cargocollective.com/1/5/170224/2794420/LincolnPark.jpg We specialize in helping Lincoln Park individuals, families, and businesses sign up and manage their Health Insurance.
With the many changes to health insurance, you may be wondering what the right choices are for you and your family. Every year brings new options and plan designs, and we can answer all of your questions. The Eriksen Insurance Group will work with you to find you the best coverage, at the best price, for your situation.
We help our clients with the following:
- Signing up for a new policy on or off the exchange
- Quoting and comparing new plans and prices
- Explaining renewal options
- Managing your current policy
- Reviewing doctor and hospital networks
- Determining if you qualify for a subsidy
- Navigating and signing up on Healthcare.gov
- Help businesses manage their health insurance and benefits plans
For individuals and families, the next annual open enrollment period for securing medical insurance starts November 1st 2015. If you have a recent life changing event, you may qualify for a special enrollment period at any time. Please call us at (847) 426-2788 for help determining your enrollment options.
There is no cost to work with The Eriksen Insurance Group; we get paid by the insurance companies to help you. For over 35 years, The Eriksen Insurance Group has helped many people find the best health insurance for their personal needs.
Over the next 3 to 5 years the health insurance world will be in a state of flux. Even after your enrollment we will be here to answer all your questions and help you make the right decisions. Inside or outside of the Exchange, company plan or personal policy; whatever your situation, we have the knowledge to help you. There is a wealth of information for you at our insurance reform blog. We are also proud of our 5 Star Google Places reviews. Thank you for visiting our website we look forward to working with you.
Thanks again,
Robert G. Eriksen, President
Personal Health Insurance Broker
Phone: (847) 426-2788
Email: Bob@EriksenInsurance.com
Tags: 60610, 60614, Broker, Chicago, health care benefits, health insurance, health insurance coverage, health insurance marketplace, health insurance reform, healthcare reform, healthcare.gov, IL, Insurance benefit consultant, insurance broker, Insurance Reform, Lincoln Park, open enrollment, special enrollment
Posted in | Comments Off on Chicago, Lincoln Park: Health Insurance
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