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Posts Tagged ‘Wayne’

Legislation Opens Door for Retirement Match on Student Loan Repayments

Thursday, January 3rd, 2019

NAPA net reports:

“Sen. Ron Wyden (D-OR), Ranking Member of the Senate Finance Committee, has introduced legislation that would permit 401(k), 403(b), and SIMPLE retirement plans to make matching contributions to workers as if their student loan payments were salary reduction contributions.

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IRS Grants Extension for 6055 and 6056 Reporting

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…)

Untangling The Many Deductibles Of Health Insurance

Wednesday, September 16th, 2015

NPR reports:

“Sure, there’s a deductible with your health insurance. But then what’s the hospital deductible? Your insurer may have multiple deductibles, and it pays to know which apply when. These questions and answers tackle deductibles, whether an ex-spouse has to pay for an adult child’s insurance, and balance billing.

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High deductible plans have more people delaying treatment

Monday, January 12th, 2015

Yahoo Finance reports:

“As the cost of health care rises, more and more Americans in nearly every economic class are choosing to delay medical treatment because they can’t afford it.
A new Gallup poll released Friday found that about one in three Americans say they have put off treatment for themselves or a family member because of cost—the highest rate recorded in Gallup’s history.

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Employer Shared Responsibility Payments and Reporting Requirements Under the Affordable Care Act: Code Sections 6055 and 6056

Friday, October 3rd, 2014

The National Law Review reports:

“There are two types of employer shared responsibility payments, also known as pay or play penalties, under the Affordable Care Act (ACA).  The first penalty under Internal Revenue Code (Code) Section 4980H(a) is the penalty for failure to offer health coverage.  Effective for plan years beginning on or after January 1, 2015, a $2,000 annual penalty applies to a large employer that fails to offer at least 70 percent of its full-time employees (FTEs) health coverage.  For plan years beginning on or after January 1, 2016, the $2,000 penalty applies to an employer that fails to offer health coverage to at least 95 percent of its FTEs.  The $2,000 penalty is assessed on a monthly basis, but applies to all of an employer’s FTEs, minus 30 FTEs (or minus 80 FTEs for 2015).

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10 years on, tort reform sees suits, payouts drop

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.

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Our View: Examining health care

Tuesday, July 23rd, 2013

Northwest Herald reports:

“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.

(more…)

Looking For Summer Reading? Try Healthcare Reform Regulations

Friday, July 19th, 2013

Forbs reports:

“The federal government apparently was concerned that Americans would not find anything to read this summer, and kindly dropped hundreds of pages of regulations related to healthcare, just in time for the beach.

The Centers for Medicare and Medicaid Services (CMS), one of the Big Three Departments that spend our federal tax dollars (numero uno, at 22 percent, being the Social Security Administration; number two is CMS at 21 percent; and number three, the Defense Department, at 19 percent)  released a phone-book sized volume of  regulations the day after Independence Day. The new regulations define how Medicaid and Children’s Health Insurance Program (CHIP) will change as a result of the Patient Protection and Affordable Care Act.

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Wayne, Illinois: Health Insurance

Thursday, March 8th, 2012

We specialize in helping Wayne 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.

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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

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