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New Debit Card Regulation Deadline Extended for Flexible Spending Accounts

by Admin | Dec 15, 2008 | Flexible Spending Accounts, Insurance News, Uncategorized

On January 1, 2008, the IRS introduced new regulations for debit cards specifically used to reimburse eligible healthcare expenses for Flexible Spending Accounts (FSAs). The Internal Revenue Service mandated that Flexible Spending Account (FSA) debit cards may not be...

Increasing Unemployment Contributing To Rising Ranks Of Uninsured

by Admin | Dec 11, 2008 | Insurance News, Uncategorized

The rising rate of unemployment has contributed to an increase in the number of uninsured people because workers who lose their jobs often lose their health benefits, the New York Times reports. According to the Bureau of Labor Statistics, about 10.3 million U.S....

Mental Health Parity and Addiction Equity Act of 2008 Update

by Admin | Nov 15, 2008 | Insurance News, Uncategorized

As part of the economic stabilization package (H.R. 1424), Congress passed mental health parity legislation which was signed into law on October 3, 2008, by President Bush as Public Law No: 110-343. This new law amends the Employee Retirement Income Security Act...

IRS releases 2009 maximum health savings account contributions

by Admin | Jul 31, 2008 | Insurance News, Uncategorized

The Treasury Department and Internal Revenue Service recently released 2009 guidelines for maximum contribution levels for Health Savings Accounts (HSAs) and out-of-pocket spending limits for high deductible health plans (HDHPs) that must be used in conjunction with...

Evanston Northwestern, Rush North Shore finalize merger

by Admin | Jul 22, 2008 | Insurance News, Uncategorized

North suburban hospital operator Evanston Northwestern Healthcare said it will acquire Rush North Shore Medical Center in Skokie, committing more than $160 million to the deal, according to a definitive agreement finalized today. As part of the deal, which still needs...

Illinois Senate Approves Governor’s Health Care Bill

by Admin | Apr 8, 2008 | Insurance News, Uncategorized

Democrats back governor on health care
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