Admin
Illinois approves BCBSIL’s request to increase “Grandfathered” and “Grandmothered” policy premiums
. 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 […]
Clarification on Health Insurance Special Enrollment Periods
Blue Cross and Blue Shield of Illinois (BCBSIL) is providing additional clarification around the qualifying event of gaining/losing a dependent through birth/adoption/fostercare/placement for adoption, which triggers a Special Enrollment opportunity. The Special Enrollment will trigger a 60-day enrollment period, but the effective dates for enrollees can be different depending on the policyholder’s situation: Adding a […]
High Court narrows PPACA contraceptive mandate
June 30 (Bloomberg) — The U.S. Supreme Court dealt a blow to President Barack Obama’s health-care law, ruling that closely held companies can refuse on religious grounds to offer birth- control coverage to their workers. Voting 5-4, the justices today said family-run businesses including the craft-store chain Hobby Lobby Stores Inc. can claim a religious […]
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. […]
IRS Releases 2015 HSA Limits
The maximum contributions that can be made to health savings accounts in 2015 will rise slightly. The following data for 2015 was recently released by the IRS for Health Savings Accounts (HSAs): The maximum contribution that can be made to an HSA in 2015 is $3,350 for employees with single coverage, up from $3,300 in […]
