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aca Archives - Steinlage Insurance Agency

What to expect for your 2017 Obamacare Plan

By | Obamacare, Understanding Health Care Reform | No Comments

Fixing the insurance exchanges By Bob Herman | August 6, 2016 Like basketball players who are sick of losing a game, many health insurers who ventured into the new marketplaces are sending a clear message: We’re taking our ball and going home. And if the government wants them to play again, they want more of the rules changed. The large publicly traded insurers wrapped up second-quarter results last week. Adverse selection continued to weigh down the finances of health plans on the Affordable Care Act marketplace. More companies are dropping enrollment to satisfy investors. But many health policy experts say the Obama administration will alter the still-nascent exchanges to make them more financially palatable for insurers. The marketplaces also will shift to even more high-deductible, narrow-network plans that are common in managed Medicaid. “I do remain bullish on the marketplaces,” said Katherine Hempstead, a senior adviser at the Robert Wood…

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ObamaCare’s Threat to Private Practice

By | Obamacare, Understanding Health Care Reform | No Comments

Here’s a dirty little secret about recent attempts to fix ObamaCare. The “reforms,” approved by Senate and House leaders this summer and set to advance in the next Congress, adopt many of the Medicare payment reforms already in the Affordable Care Act. Both favor the consolidation of previously independent doctors into salaried roles inside larger institutions, usually tied to a central hospital, in effect ending independent medical practices. Continue at: http://www.wsj.com/articles/scott-gottlieb-obamacares-threat-to-private-practice-1417990367

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Cigna will include Washington University and Barnes Jewish providers in the 2015 Individual “Obamacare” market

By | Obamacare | No Comments

Important Updates Today Cigna announced a new collaborative partnership with BJC HealthCare and Washington University Physicians. This announcement represents an expansion of Cigna’s product offerings in Missouri, both on- and off- the public marketplace. This collaboration will give customers who enroll in Cigna Individual and Family Plans access to care provided primarily by the region’s leading health care organizations – BJC HealthCare and Washington University Physicians. The network will also include Barnes-Jewish Hospital and St. Louis Children’s Hospital and the more than 1,300 Washington University primary care doctors and specialists affiliated with these hospitals. The network will also include the additional 10 hospitals and four service organizations that are part of BJC HealthCare. You can read more about this collaboration here. We are excited about this collaboration with BJC HealthCare and Washington University Physicians and look forward to providing you with new solutions for your customers in Missouri. Contact the…

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JUNE IS MEN’S HEALTH MONTH

By | Making the Most of your Medicare, Wellness Wednesday | No Comments

Studies have shown that the average life span for men is about seven years less than that of women. Men are also more likely to die of chronic disease. Yet, when it comes to prevention and early detection, men are 24 percent less likely than women to see a health professional for a medical appointment. Men are also 22 percent more likely than women to have neglected routine health screenings such as cholesterol checks. This is likely a major cause for the disparity between men’s and women’s average life spans. Celebrated every June, Men’s Health Month is a great opportunity to raise men’s awareness of preventable health problems and encourage early detection and treatment of disease. This month gives health care providers, public policy makers, the media and individuals an opportunity to encourage men and boys to seek regular medical advice and early treatment for disease and injury. Steinlage Insurance…

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SHOULD YOUR HEALTHCARE BE TIED TO EMPLOYMENT?

By | Obamacare | No Comments

The most recent trend in employer based health coverage has been to cancel the company policy and leave employees to buy individual policies sold through the ACA’s online exchange, so long as the companies pay the relevant taxes and penalties. Many employers who opt away from employer coverage can give workers raises to go out and buy individual policies on the exchanges, as long as the money is taxed as income. An employer can give additional taxable cash to employees, without regard as to whether the employee used the money to buy coverage on the exchange or not. The latest restriction from the IRS essentially prohibits employers from giving workers tax-free subsidies to buy policies in the online marketplaces/exchanges. However, the law allows for employers to give pay bumps and higher salaries so long as the increased pay is taxed. The current law states that if an employer has fewer than…

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