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Illinois Obamacare plan crippled by losses

by Eriksen Insurance | Apr 21, 2016 | Affordable Care Act, Heath Care Costs

According to Crain’s Chicago Business  ” The operating losses continue to mount at struggling Land of Lincoln Health, totaling $90.8 million for the Obamacare health plan in 2015. That net loss is almost five times greater than the Chicago-based startup...

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...

Healthcare.gov CEO says insurance marketplace’s complexity argues for agents

by Eriksen Insurance | Jan 26, 2016 | Affordable Care Act, Health Insurance News

According to The Advocate: “The Affordable Care Act is confusing and complicated, which means that health insurance agents and brokers are needed to help consumers pick the best plans for them, Kevin Counihan, chief executive officer of Healthcare.gov, said...

Coming soon to your mailbox: An Obamacare tax form

by Eriksen Insurance | Jan 26, 2016 | Affordable Care Act, Health Insurance News, Heath Care Costs

According to The CT Mirror: “Even if you don’t get your health insurance through Obamacare, you’re likely to get something related to the health law in the mail in the coming weeks: A new tax form. Known as Form 1095, it’s part of the way the federal government...

Humana to Record 2016 Obamacare Shortfall, Membership Drops

by Eriksen Insurance | Jan 26, 2016 | Affordable Care Act, Health Insurance News, Individual Health Insurance

According to Bloomberg Business: “Humana Inc. is the latest insurer to run into trouble in Obamacare’s individual health-insurance markets. The health insurer said that it probably won’t collect enough money to cover costs for some customers who bought...
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