With the passing of the Affordable Care Act (ACA) in 2010 come many changes to individual coverage, many of which may be affecting you. Here’s an outline of what major individual health insurance changes to expect come 2014. Open Enrollment Period. For those who do not receive employer coverage, the ACA requires that all uninsured [...]
Initially the White House believed that the health insurance marketplaces would increase competition among insurers and provide consumers with more choices. Recently however, experts are starting to question just how much competition will exist in these marketplaces. Intended to facilitate the purchase of health insurance coverage by individuals and small businesses throughout the nation, marketplaces [...]
The individual mandate of the Affordable Care Act takes effect on January 1, 2014. Under the mandate, millions of uninsured Americans will be required by law to obtain health insurance coverage or face a tax penalty. However, many of these new consumers will be eligible for tax subsidies to help them pay for health care [...]
Under the Affordable Care Act (ACA), as of January 1, health insurance plans are to impose a cap on the amount of money consumers can be required to pay for out-of-pocket costs such as prescription drugs and co-payments. The amount of the cap is estimated to be about $6,250 for an individual policy holder. However, [...]
Research continues on the rising cost of health insurance premiums, and while some say the talk of rates is merely speculation, studies are showing differently. A study sponsored by the Society of Actuaries (SOA) projects that medical claims costs, the biggest drivers of health insurance premiums, are to increase by huge percentages. The nation’s leading [...]
Working for a big company has its perks. They tend to have higher compensation packages, more funds and resources, and typically generous health benefits. While many employees of large businesses have been enjoying a range of health insurance benefits at low out-of-pocket costs, more and more companies are switching up their offerings. In its annual [...]
As established under the Affordable Care Act (ACA), the U.S. Department of Health and Human Services released final rules establishing the new insurance marketplaces beginning in 2014. Under the new health law, individuals will be required to maintain a minimum level of insurance coverage starting on January 1, 2014 whether it’s through an employer, individual [...]
Unfortunately for many Americans, health care reform is confusing. Yet, there are many provisions that are specific to Texas and could benefit residents. Six things that Texans should know about health care reform: Texas is not setting up a health insurance exchange. The federal government is solely responsible for providing residents with a public exchange. [...]
The rivalry among Democrats and Republicans continues over the effects of the Affordable Care Act. The major questions at hand are whether premiums will be increasing and if so, how much? This is a question that has remained at the center of the health care reform overhaul and both political parties have different responses. Most [...]
While the Obama Administration scrambles to implement upcoming policies of the Affordable Care Act, the nation watches closely to see just how the government handles many of the hurdles still standing in the way. 1. Short time frames A vast amount of work still remains to be done before exchanges are operational. Open enrollment takes effect [...]
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