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4 New Exemptions To The Tax Penalty For Lacking Health Insurance

by Eriksen Insurance | May 8, 2018 | Affordable Care Act, Insurance Reform

NPR reports: “There already have been more than a dozen reasons U.S. consumers can use to avoid paying the penalty for not having health insurance. Now the federal government has added four more. These “hardship exemptions” let people off the hook if...

Illinois submits big Obamacare rate increases to the feds

by Eriksen Insurance | Sep 21, 2017 | 2017 Open Enrollment

The Chicago Tribune reports: “Hundreds of thousands of Illinois consumers who buy health insurance on the state’s Obamacare exchange will likely see average rates increase by 16 to 37 percent next year for the lowest-priced plans, according to a new...

Blue Cross Blue Shield Confirms Obamacare Death Spiral

by Eriksen Insurance | Apr 28, 2016 | Affordable Care Act, Blue Cross and Blue Shield

According to The Beacon: ” The Blue Cross and Blue Shield Association, which represents 36 Blue Cross and Blue Shield plans covering 105 million Americans, has just released a study of its members’ claims data in Obamacare exchanges 2014 and 2015. It confirms...

The Federal Government’s $146 Billion Obamacare Boo-Boo

by Eriksen Insurance | Apr 28, 2016 | Affordable Care Act, Health Insurance Cost

According to The Motley Fool: ” Bad things can happen when a government forecast proves to be way off. There are mistakes, and then there are big mistakes. What the Congressional Budget Office’s latest report on federal subsidies revealed was a mistake of...

IRS Grants Extension for 6055 and 6056 Reporting

by Eriksen Insurance | Jan 26, 2016 | Individual Health Insurance, Open Enrollment

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...
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