by admin | Jul 14, 2025 | CHIP, Healthcare Reform, Insurance News
The "One Big Beautiful Bill Act" (OBBBA) introduces sweeping changes to Medicaid, Medicare, and the Affordable Care Act (ACA), significantly affecting healthcare access and costs in the U.S., particularly in Illinois. Here’s a quick overview: Medicaid...
by admin | Jul 7, 2025 | Health Savings Accounts, Uncategorized
Big changes are here for Health Savings Accounts (HSAs) in 2025. The IRS has raised contribution limits and adjusted requirements for high-deductible health plans (HDHPs). Here’s what you need to know: Higher Contribution Limits: Save up to $4,300 for self-only...
by admin | Jul 2, 2025 | Medicare
If you’re facing unexpected Medicare surcharges in 2025 due to IRMAA, you might be paying more than necessary. IRMAA is an extra fee on Medicare premiums for higher-income individuals, based on tax returns from two years prior (2023 for 2025). The good news? You can...
by admin | Jun 30, 2025 | Health Savings Accounts, Obamacare
Navigating ACA and HSA regulations in 2025 is crucial for employers in Illinois. Key updates include: ACA Affordability Threshold: Rising to 9.02% of household income. For self-only coverage, the maximum monthly contribution is $113.20. HSA Contribution Limits:...
