The House of Representatives took the first step last week toward attaining a long-desired goal—the repeal and replacement of the Affordable Care Act (ACA). The American Health Care Act (AHCA) (H.R. 1628) passed the House on May 4, 2017, in a 217–213 party-line vote. The Republican-sponsored bill removes many of the tenets of the ACA and implements funding changes to premium tax credits and the Medicaid program, among other health care provisions. U.S. small business owners have largely supported efforts to amend the ACA, and the AHCA—if passed—would bring several changes to the small business community. In this post, we’ll cover the history of the AHCA, its major provisions, what must happen to make it law, and how its passage would affect small businesses.
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.
It seems that not a day goes by without Obamacare making headlines. As the new Republican administration gets settled, it’s an understatement to say that the future of the Affordable Care Act (ACA) is uncertain. But just how many people take advantage of Obamacare? How many Americans will be affected by an ACA repeal or overhaul?
Choosing a health plan is confusing and Obamacare enrollment is certainly no exception. Depending on your county, you could have a few options to choose from, or pages worth of results. How are you supposed to know which plan is the right one for you? Here are seven things to keep in mind while navigating open enrollment this year.
As anticipated, Obamacare open enrollment has been riddled with reports of rising costs and decreased plan options for enrollees. There are many variables involved and not everyone is experiencing drastic price increases, but almost everyone is seeing some form of change in their healthcare plan. Likewise, some are losing their plans entirely, while others are seeing their subsidy qualifications change.
The Affordable Care Act (ACA), otherwise known as “Obamacare,” states every American must carry minimum essential health coverage. People who choose to go without health insurance may pay a penalty during tax season. This might sound scary if you aren’t familiar with the terminology, but many insured people are already carrying minimum essential coverage, including those enrolled in small business health insurance.
If your company does not offer small business health insurance, you are likely gearing up for this year's open enrollment on the individual market. You may also be hearing that many 2016 plans are being discontinued in 2017 due to some insurance companies cutting back on Marketplace coverage. If you have employees who are losing their current Marketplace health plan, how can you help? Let’s look at ways you, as a small business owner, can prepare yourself for questions from employees before open enrollment begins on November 1.
With the announcement that Aetna will be largely leaving the Affordable Care Act (ACA) Exchanges, people are left wondering what will happen to their individual health insurance plans. Aetna is one of the largest insurers to exit the Exchanges, which means that competition in the marketplace is being depleted — and for some, that means they are running out of individual health insurance options.
On August 15, 2016, individual health insurance provider Aetna announced that it will pull out of most state’s Affordable Care Act (ACA) Exchanges. The statement came as a surprise, as Aetna had expressed interest in staying in the exchanges after first quarter earnings were announced in April. The news has left many ACA customers wondering what will happen to their insurance (and their rates) come open enrollment.
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.
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.