A provision tucked in President Donald Trump’s proposed budget would give people on Medicare a way to save for health care costs on a tax-advantaged basis. In the proposal, the White House calls for a new option that would permit Medicare beneficiaries to make tax-deductible contributions to health savings accounts. Budget proposal would let Medicare beneficiaries […]
Insurers want to raise rates by up to 43 percent for Illinois customers who receive health care coverage under the Affordable Care Act. Among the companies seeking double-digit rate hikes on most of their plans starting next year are the three insurers that offered Obamacare coverage in Cook County this year, according to rate reviews […]
Illinois consumers and small businesses using Obamacare will have fewer insurers to choose from and could face double-digit rate hikes for health plans they buy on the exchanges. On average, the highest rate increase proposed for plans to be sold to Illinois small businesses is nearly 47 percent, and for consumers, 43 percent, according to […]
Like other notable hospital systems in Illinois such as Northwestern and University of Chicago, Rush University Health Systems will not be accepting BCBSIL individual PPO plans in their as in-network plans. They are not alone as most of the academic medical centers in Chicago are excluded from the BCBSIL plans available on the marketplace. What […]
. Grandfathered Plans – individual plans written before 3/23/2010 Blue Cross Blue Shield of Illinois filed a 14.8% rate increase for all plans written before 3/23/2010 (aka “Grandfathered” Plans) that will go into effect as each individual’s policy comes up for its annual renewal. The last rate increase on Grandfathered plans policies was just […]
CMS and HHS announced an extension for COBRA beneficiaries to enroll into Federal and State Exchanges up until July 1st.
Date: May 2, 2014 Subject: Special Enrollment Periods and Hardship Exemptions for Persons Meeting Certain Criteria This guidance provides information related to three types of special enrollment periods (SEPs) for persons seeking to enroll in qualified health plans (QHPs) through the Federally-facilitated Marketplace (FFM). State-based Marketplaces (SBMs) are encouraged to adopt similar special enrollment periods. […]
Blue Cross and Blue Shield of Illinois announced today that BCBSIL individual policyholders will be allowed to keep their existing policies.
If you want to find out if you qualify for lower costs on Marketplace coverage, you’ll need to provide information about your household members and income. The Marketplace application includes detailed instructions. It makes calculations using the information you provide to determine whether you’re eligible for lower costs. The information on this page can help […]
The state of Illinois has decided to give insurance companies the option to extend health insurance plans that were scheduled to be cancelled at the end of the year. It’s estimated that nearly 200,000 Illinois residents have received cancellation letters in the mail indicating their health plan was going to be canceled because it wasn’t […]
The Obama administration confirmed to The Washington Post a little bit ago that it is indeed tweaking the way the individual mandate works as to not penalize anyone who purchases coverage during this first open enrollment period. It’s not quite right to describe this as a delay of the individual mandate, or an extension of […]