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Posts Tagged ‘Trout Valley’
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
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
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.
(more…)
Tags: Affordable Care Act, Health and Human Services, individual, Individuals, Stone Park, Streamwood, subsidies, Sycamore, the affordable care act, Tower Lakes, Trout Valley
Posted in Affordable Care Act, Subsidy | Comments Off on IRS may never recoup $350 million in Obamacare tax credit overpayments
Monday, January 12th, 2015
BenefitsPro reports:
“2015 marks the first year that taxpayers will have to prove they have health insurance or, if they don’t, they’ll have to pay a penalty. But how is the proof presented?
About half the adult population might not know the answer to this, according to a Harris Poll commissioned by Intuit TurboTax. The TurboTax folks had Harris poll more than 2,000 adults, and 48 percent didn’t know they’ll be required to declare their health coverage status on their 2014 tax return.
(more…)
Tags: Affordable Care Act, health insurance, Individual Mandate, open enrollment, Patient Protection, Penalty, Tax, Tower Lakes, Trout Valley, U.S. Senate, UHC, Union, United Healthcare, Vergil, Virgil, Voluntary Benefits
Posted in Insurance Reform | Comments Off on Individual mandate raises taxing questions
Friday, October 3rd, 2014
Fox News reports:
“The cost of the Obamacare subsidy that the U.S. Treasury will pay on behalf of people who earn under 400 percent of the federal poverty level and who buy a government-approved health-care plan on a government-run health-insurance exchange will increase by approximately 8-fold in its first ten years of operation, according to the latest budget estimate from the Congressional Budget Office.
Medicaid spending will double in the first ten years of full implementation of Obamacare, according to the CBO estimates.
(more…)
Tags: Affordable Care Act, health insurance, insurance plan, Patient Protection, the affordable care act, Tower Lakes, Trout Valley, Union, Vergil, Villa Park, Village of Lakewood
Posted in Health Reform | Comments Off on CBO: Cost of Obamacare Subsidy Will Increase 8-Fold in 10 Years
Thursday, June 12th, 2014
Crain’s Chicago Healthcare Daily reports:
“If UnitedHealthcare of Illinois Inc. starts selling plans on the state’s health insurance exchange this fall — as reported today — the insurer most likely won’t make a large dent in Blue Cross & Blue Shield of Illinois’ market share.
Still, there are chances for the carrier, an arm of Minneapolis-based UnitedHealth Group Inc., to make inroads in the state.
(more…)
Tags: Chicago, enrollment, health insurance, Health insurance exchange, health insurance marketplace, Marketplace, South Elgin, Spring Grove, Streamwood, Tower Lakes, Trout Valley, United Health Care, United Healthcare, UnitedHealthcare
Posted in Exchange | Comments Off on UnitedHealthcare vying for a slice of Obamacare pie?
Tuesday, September 3rd, 2013
Merced Sun-Star reports:
“Ten years after the Texas Legislature capped damages in the state’s medical malpractice lawsuits, the number of suits and the amounts paid out have fallen sharply.
The Austin American Statesman reported (http://bit.ly/15rYYMk ) Sunday that state Department of Insurance data shows medical malpractice claims, including lawsuits, resolved in a year fell by nearly two-thirds between 2003 and 2011 to 450. The average payout declined 22 percent to about $199,000.
(more…)
Tags: 2013, child, health, insurance, premiums, Trout Valley, Wayne, West Chicago, West Dundee, Wheaton, Wheeling
Posted in Health Reform | Comments Off on 10 years on, tort reform sees suits, payouts drop
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.
(more…)
Tags: health insurance marketplace, Individual Shared Responsibility, IRS, Marketplace, Medicaid, premiums, Self Employed, Sycamore, Tower Lakes, Trout Valley, Villa Park, Village of Lakewood, Virgil
Posted in Insurance Reform | Comments Off on Self Employed? What You Need to Know About Individual Shared Responsibility Starting in January 2014
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.
(more…)
Tags: buy health insurance, enrollment, health care reform, Health insurance exchange, new health care, Sugar Grove, Sycamore, Trout Valley, Union, Vergil, Villa Park, Virgil
Posted in Insurance Reform, Subsidy | Comments Off on How to quality for a government health insurance subsidy
Wednesday, April 10th, 2013
The Chicago Tribune Business reports:
Health insurance companies hoping to compete for a share of an estimated half-million new customers in Illinois can begin submitting health plans Monday to the state for inclusion on the Illinois health insurance exchange.
Operated in a partnership between the state and federal governments, the Illinois exchange is an online marketplace where individuals and small businesses can begin buying health insurance starting Oct. 1 for coverage that begins in 2014.
(more…)
Tags: 2013, barack obama, Barrington Hills, Big Rock, Boulder Hill, Chicago, Chicagoland, deductibles, Elgin, Fox Valley, IL, Illinois, Illinois health insurance exchange, Marketplace, North West Suburbs, Northern Illinois, Northwest Suburbs, Pingree Grove, Prairie Grove, requirements, Trout Valley
Posted in Exchange | Comments Off on Insurers set to submit plans for Illinois exchange
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