Starting on January 1, 2020, employers will be able to help their employees pay for qualified medical costs–such as premiums for an Individual Marketplace plan–through a new individual coverage health reimbursement arrangement (ICHRA). An ICHRA is an alternative to a traditional group plan that allows employees to select their own plan on the individual market.
Posts Tagged ‘Vergil’
New Tool To Determine HRA Affordability
Tuesday, October 29th, 2019Individual mandate raises taxing questions
Monday, January 12th, 2015“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.
State health insurance exchange scuttled in Illinois
Monday, January 12th, 2015“An 11th-hour bid to establish a state-based health insurance exchange fell short Wednesday when the Illinois House adjourned for the remainder of the year without bringing the matter for a vote.
Against the backdrop of a federal deadline to take action and the looming end of single-party control of state government, the sponsor of the measure said she couldn’t round up enough votes to get the measure to outgoing Democratic Gov. Pat Quinn’s desk.
CBO: Cost of Obamacare Subsidy Will Increase 8-Fold in 10 Years
Friday, October 3rd, 2014“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.
Even the labor unions are souring on Obamacare
Tuesday, July 1st, 2014The Washington Examiner reports:
“President Obama’s health reform law may have claimed a new victim — organized labor.
Thanks to Obamacare, labor unions are facing higher health insurance costs — as well as steeper out-of-pocket bills and wage cuts.
Consequently, these erstwhile allies of the president appear to be signing on with the majority of Americans who oppose his signature law.
Our View: Examining health care
Tuesday, July 23rd, 2013“The new marketplace opening in October will sell only one type of item – but it’s something that never has been presented in this manner before.
Oct. 1 is when open enrollment in the Health Insurance Marketplace, or the Exchange, starts in Illinois. It’s part of the federal Affordable Care Act, which, among other things, mandates that all Americans have health insurance.
The Exchange is an online portal that will serve as a central location for residents and small businesses to compare and choose from dozens of insurance plans. Six providers have proposed 165 plans, and coverage kicks in Jan. 1.
How to quality for a government health insurance subsidy
Friday, July 19th, 2013“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.
IRS announces 2013 HSA limits
Thursday, May 31st, 2012“The IRS has announced adjustments that affect health savings accounts in 2013.
The HSA contribution limits and high deductible health plan out-of-pocket maximums are up slightly over 2012. For the first time in three years, the HDHP minimum required deductibles have increased.
