IRS sets max fines for health coverage refusal

by Eriksen Insurance | Aug 6, 2014 | Insurance Reform

Benefits Pro reports: “It’s official: if you make a quarter of a million bucks a year and decide not to pay for health insurance, you’re going to have to fork over $2,448 to the feds. The Internal Revenue Service finally released its maximum fines for...

Feds release draft tax forms for employer compliance with ACA

by Eriksen Insurance | Jul 30, 2014 | Insurance Reform

Benefits News reports: “The Internal Revenue Service on Thursday released drafts of the forms employers will use to report on health coverage they offer to their employees, unveiling a glimpse of the administrative onus in store for benefit advisers and their...

Beware pitfalls of health care subsidy: Spike in income could spell big tax bill

by Eriksen Insurance | Jun 26, 2014 | Health Insurance Cost, Subsidy

The Chicago Tribune reports: “Individuals receiving monthly premium subsidies to pay for health coverage purchased on the new exchanges should keep their eye out for Uncle Sam. You could owe a big tax bill on your 2014 return next spring if your income rises...

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

by Eriksen Insurance | Jun 12, 2014 | Blue Cross and Blue Shield, Insurance Reform

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...

Obamacare data suggest Blues’ low-price strategy is working

by Eriksen Insurance | Feb 12, 2014 | Blue Cross and Blue Shield

Chicago Health Care Daily reports: “The parent company of Blue Cross & Blue Shield of Illinois appears to be reaping the benefits of setting the premiums for its plans lower than other carriers on the federal health insurance exchange. Across the 36 states...