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 | 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:...
by admin | Jun 26, 2025 | ACA, Obamacare
The Advanced Premium Tax Credit (APTC) helps Illinois residents reduce monthly health insurance costs by covering part of their premiums upfront. Available through the Health Insurance Marketplace, this tax credit is based on your income and household size. Here’s...
by admin | Jun 23, 2025 | ACA, Obamacare
Choosing the right ACA health plan in Illinois comes down to balancing your monthly premiums with out-of-pocket costs. Here’s what you need to know: Bronze Plans: Lowest premiums, highest deductibles. Good for healthy individuals with minimal medical needs. Silver...
by admin | Jun 16, 2025 | Illinois Health Insurance, Insurance Laws, Insurance News
The Illinois Consumer Coverage Disclosure Act (CCDA) requires employers in Illinois to disclose how their group health plans compare to state-mandated essential health benefits. Non-compliance can lead to penalties ranging from $500 to $5,000 per violation, based on...
by admin | Jun 9, 2025 | Illinois Health Insurance
When you visit an out-of-network doctor or hospital, your medical bills can skyrocket. Here’s why and what you can do about it: Higher Costs: Out-of-network services often mean higher deductibles, lower insurance coverage, and balance billing (you pay the...
