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Posts Tagged ‘young people’

How Obamacare Makes Tax Filing Trickier

Thursday, April 21st, 2016

According to Time Inc.

“Many Americans will get new tax forms for the first time. Here’s what to do with them.

 

This year, you may be receiving tax forms you’ve never seen before, all thanks to the Affordable Care Act, aka Obamacare. For the most part, these documents won’t make tax filing too much harder—with one big exception. Here’s what you need to know about this paperwork, depending on what kind of health insurance you had in 2015.

If you had health insurance from your employer all year…

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Turning 21? Here’s How To Avoid A Big Hike In Health Insurance Premiums

Wednesday, December 17th, 2014

Kaiser Health News reports:

“For young people, turning 21 is generally a reason to celebrate reaching adulthood. If they’re insured through the federal health insurance marketplace that operates in about three dozen states, however, their birthday could mean a whopping 58 percent jump in their health insurance premium in 2015, according to an analysis by researchers at the Center on Budget and Policy Priorities.

The reason: They’re no longer considered children under the age-rating rules insurers use to set premiums.

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Obamacare insurers need to step it up to compete with Blue Cross

Thursday, June 12th, 2014

Crains Chicago Health Care Daily reports:

“Five of the six insurers on the Illinois Health Insurance Exchange face a moment of truth as they decide whether to continue offering plans on the online marketplace and how to attract more customers.

Their first-year efforts didn’t amount to much. Just under 18,000 combined signed up for their plans, compared with an estimated 200,000 enrollees who flocked to plans sold by Blue Cross & Blue Shield of Illinois. The entire state exchange attracted about 217,500 enrollees during the six-month enrollment period, which ended in mid-April. Now the rival insurers are weighing whether to lower prices and redouble their marketing efforts to be more competitive.

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Obama Calls On Bartenders To Help Sell Health Care Reform

Friday, December 20th, 2013

Insurance News Net reports:

“President Obama wants young bartenders to give their customers a tip — sign up for health insurance under Obamacare.

Speaking at a White House Youth Summit on Wednesday, the president continued to enlist Americans from all walks to life to join in the effort to sell health care reform.

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My Five Obamacare Anxieties: The scenarios that keep this reform advocate up at night

Monday, June 3rd, 2013

New Republic reports:

“Conservatives are talking about the implementation of Obamacare in the same thoughtful way they talked about its enactment—that is, as an impending apocalypse. It won’t be, as I’ve noted previously. Most Americans get insurance through employers, Medicare, and Medicaid, and that will still be the case on January 1, when Obamacare’s big provisions take effect. But the minority who buy insurance on their own or have no insurance will see tremendous changes. And you don’t have to be Rush Limbaugh to have real concerns about how those changes will play out.

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To cut health bills, boomers need 20-somethings

Monday, May 13th, 2013

Market Watch reports:

“Baby boomers with individual health plans stand to benefit big-time when public insurance exchanges launch on January 1. The centerpiece of the Affordable Care Act, these state-level marketplaces will improve boomers’ access to health coverage and may even bring down underlying premiums for those who don’t qualify for a government subsidy, experts say.  (more…)

Health Care Reform Will Be A “Mess,” Experts Predict

Tuesday, April 2nd, 2013

Insurance News Net reports:

“When health care reforms begin this year and new insurance starts next year, it will not be pretty, health experts said.

“This is going to be a mess,” said Jonathan Gruber, a health economist at theMassachusetts Institute of Technology, likening it to the bumpy launch of theMedicare Part D prescription drug program in 2006, which was “1/100th as complex” as the Affordable Care Act will be.

Most Americans who are insured through their employers probably won’t be affected, and only a small number are likely to see high premiums, he said.

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Why Premiums Will Change for People Who Now Have Nongroup Insurance

Tuesday, March 19th, 2013

Kaiser Family Foundation reports:

“The federal government recently released draft regulations that address the benefits, market rules, and rating practices for nongroup coverage. Before reform, the nongroup market was widely acknowledged to be broken, with restricted access, limited benefits, high administrative costs, and frequent and large premium increases subject to inadequate oversight. Recent requests for large premium hikes for nongroup coverage in some states, at a time when the group market is experiencing very low increases, have revived concerns about current pricing practices and the effectiveness of regulatory oversight. The ACA seeks to address many of these issues, essentially remaking the nongroup market starting in 2014 by instituting new rules and a platform for increased transparency and price competition. Newly available premium and cost-sharing subsidies will vastly expand the number of people who will get coverage there. With so many changes and new participants, there understandably is a great deal of speculation about what the products will look like and how premiums in 2014 will compare to premiums in the nongroup market.

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Obamacare Faces Doubts Among The Young And The Restless

Thursday, March 7th, 2013

Insurance News Net reports:

“Heading into the final stages before implementation of his health care overhaul, President Obama is facing growing concerns among young Americans who will absorb the largest spike in medical costs under the sweeping law.

Obama championed his signature legislative achievement on college campuses and to twentysomethings during his re-election campaign. But he focused on Obamacare’s most popular provision — allowing students to stay on their parents’ insurance plans until the age of 26 — not the higher costs incurred by younger Americans to bring down the price of insurance for seniors.

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