Five new tax increases take effect today to help pay for the nation’s health care overhaul.
The new measures are slated to raise $24.2 billion next year and more than $258 billion through 2019, according to the Joint Committee on Taxation.
Posts Tagged ‘Stone Park’
Health care reform exclusions raise concerns over funding for uninsured
Monday, December 17th, 2012“Armando Hernandez first felt a searing headache, then his legs began to swell.
He lived with the pain for two days but finally relented and went to a hospital on day three. The Reno resident was 19 years old at the time. His kidneys were failing.
Health insurance exchanges: The big unknowns
Wednesday, September 5th, 2012American Medical News reports:
“Physicians navigating the world after health system reform are headed toward a large, uncharted area over the horizon in the form of health insurance exchanges. The coverage marketplaces will serve millions of people, but with few predecessor models to serve as guides, doctors wondering what the exchanges will be like for them are, for the most part, sailing blind.
Health insurance exchanges are scheduled to emerge by 2014, at which point individuals and small businesses will be able to shop for a variety of plan options, including coverage that might come with federal subsidies. Forming competitive marketplaces is a major way in which Affordable Care Act architects intended not only to expand coverage to tens of millions of people, but also to restrain cost growth in the system.
Obama to veto FSA, HSA legislation
Monday, June 11th, 2012WASHINGTON—President Barack Obama will veto legislation that would ease a 28-year-old Internal Revenue Service rule that requires forfeiture of unused flexible spending account balances and eliminates restrictions on using FSAs and health savings accounts to pay for over-the-counter medications, the administration said Wednesday.
Under the measure headed for a vote this week on the House floor, employers could amend their FSAs to allow employees to withdraw as taxable cash up to $500 in unused balances remaining at the end of the plan year or at the end of an FSA grace period, if…
Health Insurance ‘Sherpa’: Agent or Broker?
Monday, May 21st, 2012“A health insurance agent or broker can save you time and money, whether you’re an individual seeking coverage or a business owner shopping for the best medical plan for your employees.
Licensed health insurance agents and brokers, known in the trade as “producers,” are like insurance Sherpas to help navigate the complex hills and trails of America’s health care system. “Captive” agents work for one insurance carrier alone and are typically employees of that company. Independent agents, also known as brokers, work with several carriers who pay them??either a percentage or flat fee on plans they sell to their clients. Agent vs. Broker.
General Assembly puts health exchange bill on back burner
Tuesday, May 15th, 2012“Democratic and Republican leaders in the Illinois General Assembly have agreed to shelve a bill that would establish an Illinois health insurance exchange amid uncertainty created by the constitutional challenge to the federal health care overhaul before the U.S. Supreme Court.
State-level exchanges, which would allow individuals and small businesses to purchase health coverage, are expected to play a crucial role in satisfying the mandate to buy insurance imposed under the Patient Protection and Affordable Care Act of 2010. The Supreme Court is likely to rule on the constitutionality of the federal health care law in June, weeks after the scheduled May 31 end of the Illinois Legislature’s spring legislative session.
Stone Park, Illinois: Health Insurance
Monday, February 27th, 2012We specialize in helping Stone 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. 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.
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 marketplace, 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
