Despite the political climate, premium tax credits (sometimes called subsidies) are still available to individuals who don’t receive health insurance through their company or a federal program like Medicaid or Medicare.
Recent health-care reform initiatives, including the passage of the 21st Century Cures Act in December 2016, have ushered in significant changes that will affect the health insurance industry through 2017 and beyond. One of the new changes includes updates to Health Reimbursement Arrangements (HRAs), one of the best ways for small businesses to offer health benefits to their employees. Here are four things to know about HRAs and changes in health law for 2017.
An analysis of individual and family health insurance policies available in 2017 reveals that costs have increased across the board from 2016. eHealth, the nation’s largest private online health insurance exchange, released its latest Health Insurance Price Index report on January 13. It looked at the average health insurance premium cost for individual and family policies during the first two months of this year's open enrollment period.
Millions of Americans have already made their individual health insurance selections for 2017 through the Affordable Care Act (ACA). But some are still wavering between plans or are suddenly realizing their plan doesn’t include their preferred doctors and prescriptions. If you haven’t made your final decisions for the year, don’t worry, there is still time—but the deadline is fast approaching.
With the rising cost of health insurance comes another concern that has historically received far less attention. The most recent Biennial Health Insurance Survey conducted by the Commonwealth Fund indicates that the number of Americans who are underinsured is increasing. Not only is this causing people to endure a higher burden of medical expenses, but it means that people are opting out of medical care in order to save money—which could have dangerous (and costly) consequences.
Effective September 6, 2016, the Department of Health and Human Services (HHS) has increased monetary penalties for violating HIPAA regulations. If your small business reimburses employees' health insurance, it’s important to remember that you are subject to HIPAA laws and any subsequent fines for being noncompliant. Here’s what you need to know about the recent penalty increases.
With the election of Donald Trump as the next president of the United States, many people are wondering what will happen to the individual health insurance they purchased through the Obamacare Marketplace. While there is plenty of uncertainty surrounding the Affordable Care Act (ACA) at this point, there are a few things we know for sure.
In the aftermath of the presidential election, there has been a growing air of uncertainty over how proposed public policy will impact healthcare in the United States. Many of our customers, potential customers, and partners have expressed concern over what the future holds for small business health benefits, particularly regarding access and cost of individual health insurance. The number of insurance carriers participating in the ObamaCare exchanges is dwindling after high claims losses in the past few years. As a result, the current healthcare system in the United States, only a few years old, is ripe for an overhaul.
A recent survey by the International Foundation of Employee Benefit Plans (IFEBP) explored employers' reactions to the Affordable Care Act (ACA). Specifically, the IFEBP asked business owners what they were doing to reduce health insurance costs.
Insurers across the country are requesting larger individual health insurance premium increases for 2017, citing financial losses under Obamacare. The proposed rate increases vary significantly from state to state. While these increases will affect consumers, many will not be heavily impacted given the tax credits that are widely available to most exchange participants.
Disclaimer: The information provided on this website is general in nature and does not apply to any specific U.S. state except where noted. Health insurance regulations differ in each state. See a licensed agent for detailed information on your state. Zane Benefits, Inc. does not sell health insurance.