The No Surprises Act will took effect on January 1, 2022. This act protects consumers from surprise medical bills, whether they receive coverage through their employer (including a federal, state, or local government), through the Health Insurance Marketplace, or directly through an individual health plan. According to federal estimates, it will apply to 10 million […]
The latest Illinois insurance news.
New for 2022: an ongoing Special Enrollment Period (SEP) for eligible individuals whose income falls at or below 150% of the Federal Poverty Level (FPL).
Key Points: If a person’s income does not exceed 150% of the federal poverty level, they might be eligible for a Special Enrollment Period. This special enrollment period does not have limitations on how often it can be used, or the type of health plan that can be selected. Client has to be eligible for […]
Low-income Americans who missed signing up for 2022 Affordable Care Act coverage can now enroll in plans with $0 premiums through the federal exchange’s website. Those with incomes less than 150% of the federal poverty level — $19,320 for an individual and $39,750 for a family of four — can select policies on healthcare.gov through […]
Yikes. As I was extolling the virtues of Social Security’s 5.9% COLA, the Centers for Medicare and Medicaid Services (CMS) announced that they were increasing the premium for Medicare Part B by 14.5%. As a reminder, Medicare is composed of two programs. Part A, Hospital Insurance (HI), which covers inpatient hospital services, skilled nursing facilities, home healthcare, […]
UnitedHealth Group announced 2021 revenue of $287.6 billion Wednesday — while promising an even even larger windfall in 2022. The Minnetonka-based health care giant said that figure was 11.8% higher than in 2020, when revenue hit $257.1 billion. The corporation’s Optum business – a pharmacy benefits management company – represented a significant chunk of that total, […]
For this year and next, the stimulus bill boosts subsidies for nearly all those buying their own coverage, making insurance free for more people and giving higher-income people discounts for the first time.Under the stimulus bill passed by Congress this week and signed by President Biden on Friday, nearly all those who buy their own […]
As a nurse manager for one of Chicago’s busiest safety-net hospitals, Raquel Prendkowski has witnessed COVID-19‘s devastating toll on many of the city’s most vulnerable residents — including people who lack health insurance because of their immigration status. Some come in so sick they go right to intensive care. Some don’t survive. “We’re in a bad […]
President Biden is scheduled to take executive actions as early as Thursday to reopen federal marketplaces selling Affordable Care Act health plans and to lower recent barriers to joining Medicaid. The orders will be Biden’s first steps since taking office to help Americans gain health insurance, a prominent campaign goal that has assumed escalating significance […]
President Donald Trump signed a new stimulus bill into law on December 27, 2020 which will provide direct payments to eligible individuals and loans to small businesses, among other things. Among those other things are temporary and optional changes that employers can implement to Health and Dependent Care Flexible Spending Accounts (Health FSAs and Dependent Care FSAs). […]
The Deal to End Surprise Medical Bills Finally Gets Approved Scope Of The Protections Consumers would be protected from surprise medical bills when they receive care in both emergency and nonemergency settings; the protections would extend to out-of-network air ambulances. As a result, patients would be protected from surprise bills in situations where they have […]