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Posts Tagged ‘Wheeling’
Thursday, October 25th, 2018
Wake Forest University reports:
“With early-voting underway, recent polls show healthcare has become a top issue in the November midterm elections. One politically charged issue on the table is the availability of short-term health care plans that offer limited benefits at a low cost.
Opponents of these policies are concerned that the availability of short-term health care plans will undermine the Affordable Care Act and harm those who purchase them. The arguments: (1) Consumers will purchase short-term plans without fully understanding the limited coverage they provide. (2) Healthy individuals who might join an Affordable Health Care plan will choose a short-term plan instead.
(more…)
Tags: affordable care, Affordable Care Act, health insurance, Individual Mandate, insurance, Prospect Heights, Ringwood, River Grove, Schaumburg, Schiller Park, short term, short term insurance, the affordable care act, uhone, united health one, Wheaton, Wheeling
Posted in Health Insurance Cost, Health Insurance News, Short Term Insurance | Comments Off on Expert: Short-term health care plans give consumers choice
Tuesday, August 21st, 2018
Morningstar reports:
“Many retirement accumulators take pains to dot the i’s and cross the t’s of their retirement plans. They noodle over their portfolios’ asset allocations, carefully calibrate when they’ll begin claiming Social Security benefits, and think hard about withdrawal rates.
But many such painstaking retirement planners don’t give another major variable more than the periodic anxious thought: how to pay for long-term care. And is it any wonder so many people are in denial? For one thing, it’s a flip of the coin as to whether you’ll need long-term care: 52% of people turning 65 are expected to have a long-term care need during their lifetimes, and another 48% will not. The prospect of needing long-term care is inherently unpleasant, and that care can also be ruinously expensive, running upward of $100,000 per year in urban areas.
(more…)
Tags: Costs, employees, Employers, family plan, insurance, Kane, Kane County, long-term, Medicare, Westchester, Wheaton, Wheeling, Wicker Park
Posted in Heath Care Costs | Comments Off on Can Health Savings Accounts Be a Bulwark Against Long-Term Care Costs?
Thursday, February 1st, 2018
Consumer Reports reports:
“The e-commerce giant becomes the latest corporation trying to tackle the high cost of employee medical care
(more…)
Tags: employees, Employers, Harvard, health, health insurance, Health insurance exchange, IRS, Massachusetts, Village of Lakewood, West Dundee, Westchester, Wheaton, Wheeling, Wicker Park, Will, Will County, Wilmette, Winfield, Wood Dale, Woodridge, Woodstock
Posted in Health Insurance News | Comments Off on Amazon Takes Aim at Disrupting the Healthcare Industry
Wednesday, October 11th, 2017
The Hill reports:
“The Blue Cross Blue Shield Association warned against a new GOP ObamaCare bill on Wednesday, saying it would “undermine” protections for pre-existing conditions.
“The bill contains provisions that would allow states to waive key consumer protections, as well as undermine safeguards for those with pre-existing medical conditions,” the association said in a statement.
(more…)
Tags: ACA, health insurance, health plan, Hospital, Marketplace, ObamaCare, premiums, West Chicago, West Dundee, Westchester, Wheaton, Wheeling, Will County, Wilmette, Winfield, Wood Dale
Posted in Health Laws | Comments Off on Blue Cross warns GOP repeal bill ‘undermines’ pre-existing condition rules
Thursday, July 14th, 2016
Crains Chicago Business reports:
“In another nod to primary rival Bernie Sanders, Hillary Clinton is proposing to increase federal money for community health centers and outlining steps to expand access to health care across the nation.
(more…)
Tags: affordable care, Affordable Care Act, barack obama, insurance plan, Virgil, Warrenville, Wheaton, Wheeling, Wicker Park
Posted in Affordable Care Act | Comments Off on In nod to Sanders, Clinton offers new health care proposals
Tuesday, January 26th, 2016
According to The Motley Fool:
“Learn how this part of the Medicare program works.
 Retirees rely on Medicare to help them with their healthcare expenses, but getting a better understanding of how the program’s different components can be challenging. Medicare Part B plays a key role in the everyday aspects of healthcare, and below, you’ll learn more of the specifics of how much Part B costs and what it covers.
What Medicare Part B costs
Medicare participants pay a monthly premium to get Part B coverage, but one of the more confusing things about the program in 2016 is that different participants pay different amounts. The standard charge for most new participants this year is $121.80 per month. But because of a law that ties Medicare increases to cost-of-living adjustments for Social Security, the majority of existing participants will pay the $104.90 monthly premium they paid in 2015. (more…)
Tags: 2016, ACA, ACA requirements, Advocate Heath Care, affordable care, Affordable Care Act, affordable health insurance, Albany Park, barack obama, Barrington, Blue Cross and Blue Shield, Bucktown, Bull Valley, buy health insurance, buying insurance, Changeing Health Care, Chicago, Chicagoland, Cook, Cook County, Costs, coverage plan, deductibles, DeKalb, DeKalb County, departments of health and human services, disability insurance program, Dundee, East Dundee, Fox Valley, Government, government regulations, health, Health and Human Services, 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 reform, HMO, IL, Illinois, Illinois Department of Insurance, Illinois health insurance exchange, insurance, Insurance benefit consultant, insurance industry, insurance news, insurance plan, Insurance Reform, Kane, Kane County, Lake, Lake County, Lake View, Lincolnwood, long term care, McHenery, McHenry County, Medicaid, medicaid coverage, medicaid programs, Medicare, Naperville, new health care, New health insurance law ACA, North West Suburbs, Northwest Suburbs, Park Ridge, premiums, preventive services, retirement, Rolling Meadows, Saint Charles, Schaumburg, Schiller Park, social security and medicare, state health insurance, state legislatures, West Chicago, West Dundee, Wheeling, Wicker Park, Will, Will County, Woodstock
Posted in Medicare | Comments Off on Here’s What Medicare Part B Costs and Covers in 2016
Monday, January 11th, 2016
California Healthline Reports:
“On Friday, CMS released a proposed rule that would require minimum network standards for health plans sold through the federal exchange in 2017, Modern Healthcare reports.
Proposed Rule’s Network Standards
Under the rule, states would be required to implement CMS-approved quantitative measures to ensure that individuals with exchange plans have adequate access to health care providers. States could either:
- Adopt default network adequacy standards set by CMS; or
- Draft their own network adequacy standards and submit them for HHS approval.
Such standards could measure a plan’s network adequacy based on policyholders’ maximum travel distances and times to access providers. According to CMS, minimum adequacy standards for the plans will be determined at a later date. HHS would then notify insurers of the standards in each state (Herman/Dickson, Modern Healthcare, 11/20). (more…)
Tags: ACA, ACA requirements, Advisor, affordable care, Affordable Care Act, affordable health insurance, Albany Park, Algonquin, Andersonville, Arlington Heights, aurora, Barrington, Barrington Hills, Bartlett, BCBS, BCBSIL, Blue Cross and Blue Shield, Blue Cross and Blue Shield of Illinois, bronze plan, Bucktown, buy health insurance, buying insurance, California healthline, Carol Stream, Carpentersville, Changeing Health Care, Chicago, Chicagoland, Cicero, Cook, Cook County, Costs, coverage plan, Crystal Lake, Darien, DeKalb, DeKalb County, departments of health and human services, Des Plaines, Desplaines, Downers Grove, DuPage County, East Dundee, employer health insurance, enroll, enrollment, exchange, Forest Park, Fox River Grove, Franklin Park, Glen Ellyn, Glendale Heights, government regulations, Hampshire, health, health care benefits, health care costs, health care law, health care reform, health care system, health exemption, health insurance, health insurance costs, health insurance coverage, Health insurance exchange, health insurance premiums, health insurance reform, health plan, health programs, health savings account, healthcare reform, healthcare.gov, Hoffman Estates, Huntley, IL, individual, Individuals, insurance broker, insurance industry, insurance news, insurance plan, Insurance Reform, Kane, Kane County, Kendall County, Lake County, Lake View, Lakewood, Lincoln Park, Long Grove, Marengo, McHenery, McHenry, McHenry County, Medicare, Montgomery, Naperville, Navigator, new health care, New health insurance law ACA, Niles, North Barrington, North West Suburbs, Northern Illinois, Northlake, Northwest Suburbs, notices, Oakwood Hills, Obama care, ObamaCare, Obamacare regulation, open enrollment, Palatine, Park Ridge, Prairie Grove, Roselle, Schaumburg, Schiller Park, Self Employed, self-insurance, SHOP, Skokie, small businesses, Spring Grove, St. Charles, state health insurance, state legislatures, Streamwood, the affordable care act, Tower Lakes, Village of Lakewood, Wasco, West Chicago, Wheeling, Wicker Park, Winfield, Woodstock
Posted in Affordable Care Act, Health Insurance News, Open Enrollment | Comments Off on CMS Proposes Health Insurance Exchange Changes for 2017
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.
(more…)
Tags: Affordable Care Act, Employers, health care costs, health insurance, High deductible health plan, open enrollment, the affordable care act, Warrenville, Wasco, Wayne, West Chicago, West Dundee, Westchester, Wheaton, Wheeling, Will, Will County, Wilmette, Winfield, Wood Dale, Woodridge, Woodstock
Posted in Family Health Insurance, Insurance Reform | Comments Off on High deductible plans have more people delaying treatment
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).
(more…)
Tags: Affordable Care Act, health insurance, insurance, Minimum Essential Coverage, requirements, Warrenville, Wasco, Wayne, West Chicago, West Dundee, Westchester, Wheaton, Wheeling
Posted in Health Insurance Cost | Comments Off on Employer Shared Responsibility Payments and Reporting Requirements Under the Affordable Care Act: Code Sections 6055 and 6056
Friday, October 3rd, 2014
Accounting Today reports:
“Internal Revenue Service commissioner John Koskinen told a congressional subcommittee about the IRS’s progress on the Affordable Care Act and the impact that tax subsidies will have next tax season.
In a hearing before the House Ways and Means Health Subcommittee on Wednesday, Koskinen talked about how the IRS would be processing the premium tax credit, which helps subsidize the cost of health insurance coverage for eligible taxpayers.
(more…)
Tags: ACA, Affordable Care Act, individual, Individual Shared Responsibility, Individuals, insurance, IRS, Marketplace, subsidies, Tax, Wheeling, Will County, Wilmette, Winfield, Wood Dale, Woodridge, Woodstock
Posted in Insurance Reform | Comments Off on IRS Gears up for Impact of Health Care Reform on Tax Season
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