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Where each state stands on ACA’s Medicaid expansion

by Eriksen Insurance | Mar 5, 2013 | Medicaid

A roundup of what each state’s leadership has said about their Medicaid plans: Via: The Advisory Board Company The Supreme Court’s ruling on the Affordable Care Act (ACA) allowed states to opt out of the law’s Medicaid expansion, leaving each...

Health Benefit Costs Listed On Tax Forms

by Eriksen Insurance | Mar 5, 2013 | Health Insurance Cost

Insurance News Net reports: “Few people know the total cost of their health benefits or realize that family coverage can account for a fourth or more of their total compensation. For the first time, that cost is listed on their W-2 tax forms this year —...

Calculation of modified adjusted gross income (MAGI)

by Eriksen Insurance | Mar 5, 2013 | Insurance Reform

How is modified adjusted gross income (MAGI) calculated? Generally, your modified adjusted gross income (MAGI) is the total of your adjusted gross income and tax-exempt interest income you may have. These are the amounts on lines 37 and 8b of IRS from 1040. Some...

Humana CEO: Health care reform will push cost of insurance up next year

by Eriksen Insurance | Mar 5, 2013 | Insurance Reform, Requirements

Courier-Journal reports: “If you are young and healthy, get ready to pay more for health insurance when the Affordable Care Act goes into effect next year, Humana CEO Bruce Broussard said Thursday. In a speech before the Rotary Club of Louisville, Broussard...

New Rates and Extended Policy Benefit Periods for Temporary Policies Are Available Now

by Eriksen Insurance | Mar 5, 2013 | Blue Cross and Blue Shield, Individual Health Insurance

The Aug. 1, 2012, rates for new and renewing SelecTEMP® PPO policies for one-to-six month benefit period options are continued for effective dates Feb 1, 2013, and later. Now, for effective dates Feb. 1, 2013, or later, a new benefit period option of up to 11 months...
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