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Posts Tagged ‘Sycamore’

See who’s owed the most by deadbeat Illinois

Thursday, September 21st, 2017

Crain’s Chicago Business reports:

“More than 60 businesses and other groups are owed at least $10 million apiece by the state, while 13 of them are due $100 million or more. Those owed the most are in health care, including insurers Aetna Better Health and Blue Cross/Blue Shield parent Health Care Service Corp., each out nearly $600 million.

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IRS may never recoup $350 million in Obamacare tax credit overpayments

Wednesday, September 16th, 2015

The Washington Times reports:

“A quirk in the law means the IRS will never be able to recoup nearly $350 million in overpayments on Obamacare tax credits last year, and one top senator says he is worried that fraudsters will exploit the loophole to wring more cash out of the government.

Most customers in the health care law’s insurance exchanges get taxpayer-funded subsidies to help cover their premiums, and the amount is based on their expected earnings. At the end of the year, they are supposed to square their anticipated earnings with what they actually made. Because most exchange members received higher incomes — through promotions or better jobs — they have to repay the IRS.

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Benefits Selling’s 2014 Employer Survey

Friday, October 3rd, 2014

Benefits Pro reports:

“The implementation of the Patient Protection and Affordable Care Act has made most employers “rethink” their employee benefit offerings, including increasing employees’ share of cost even more via consumer-driven plans.

According to Benefits Selling’s 2014 Employer Survey, 70 percent of employers said PPACA has made them rethink their employee benefit offerings, compared to 30 percent who said the health care reform law hadn’t had any impact on their offerings.

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Self Employed? What You Need to Know About Individual Shared Responsibility Starting in January 2014

Tuesday, September 3rd, 2013

US Small Business Administration reports:

“Under the Affordable Care Act, the government, insurers, employers, and individuals share in the responsibility to improve the availability, quality, and affordability of health insurance coverage.  The individual shared responsibility provision is a key part of helping to deliver the law’s consumer protections at an affordable cost. It makes these protections possible by ensuring that individuals do not just wait to purchase insurance when they are sick and drop coverage when they are well, which drives up premiums for everyone.

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How to quality for a government health insurance subsidy

Friday, July 19th, 2013

Chicago Tribune reports:

“As health care reform kicks into high gear, many Americans are asking: Will I qualify for a government subsidy to buy health insurance under the new health care law, and when do the changes kick in?

Eligibility depends on your income, family size and the cost of coverage in your area. The biggest changes from the health care law take effect on Jan. 1, 2014, when insurers will no longer be able to reject people for coverage or charge higher rates because of their health.

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The HR guide to Summary of Benefits and Coverage

Thursday, May 10th, 2012

BenefitsPro reports:

“Enrollment season this year will bring an added compliance requirement for employers, which is intended to help plan enrollees know exactly what they’re getting out of their policy.

Beginning on Sept. 23, 180 million Americans with private health insurance will need to be provided with two pieces of information. One is a Summary of Benefits and Coverage, or SBC, that clearly explains their health plan and allows them to compare different coverage options.

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White House: No Contingencies For Health Care Law

Thursday, March 29th, 2012

Insurance News Net reports:

“Voicing optimism, the White House on Wednesday said it is too early to devise contingency plans that anticipate the Supreme Court striking down any portion of President Barack Obama’s health care law.

Separately, the White House says it has “every confidence” in the solicitor general’s handling of the high court debate over the health care law.

White House spokesman Josh Earnest said that after three days of oral arguments before the court, the White House remained focused on enacting all the provisions of the law.

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Most Small Businesses Not Planning for Health Care Reform According to eHealthInsurance Survey

Thursday, March 29th, 2012

Market Watch reports:

“MOUNTAIN VIEW, CA, Mar 21, 2012 (MARKETWIRE via COMTEX) — The majority (85%) of small businesses are not making changes or long-term plans based on health care reform legislation, according to a recent survey of small business owners released today by eHealth, Inc. EHTH -0.43%   , the parent company of eHealthInsurance.

Beginning in 2014, the Patient Protection and Affordable Care Act of 2010 (ACA) requires businesses with the equivalent of fifty or more full-time employees to provide health insurance coverage for their workers. However, businesses with fewer than 50 employees are exempt from this requirement, although employees may be required to purchase their own coverage.

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HHS Issues Final Rule to Implement Health Insurance Exchange Markets

Monday, March 19th, 2012

Bloomberg BNA reports:

“The Department of Health and Human Services March 12 issued a final rule implementing a key component of the health care reform law—creation of health insurance exchange markets in all states in 2014 through which millions of individuals and small businesses can buy coverage and receive premium assistance subsidies.

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