Tag

Health Insurance Archives - Steinlage Insurance Agency

Scared of messing up your Obamacare application? You’re not alone.

By | Obamacare, Understanding Health Care Reform | No Comments

Article from Modern Healthcare — Paul Demko Obamacare signups suspected of being flawed; GOP to investigate.  “The 2014 open enrollment period ended on a triumphant note for the Obama administration with more than 8 million individuals ultimately signed up for healthcare coverage. But a report released this month by HHS’ Office of the Inspector General suggests that many of those enrollment applications are flawed. HHS was unable to resolve 90% of the 2.9 million discrepancies found in applications submitted through HealthCare.gov during the first three months of exchange operations, according to the report. Republicans were quick to seize on that report as evidence that, despite enrollment successes, implementation of Obamacare continues to be a mess. They will dig into the details of the OIG report at a Wednesday hearing before the House Energy and Commerce Committee’s Subcommittee on Health. Officials from the watchdog agency are expected to testify. The report…

Read More

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…

Read More

HELP! NO HEALTH INSURANCE? THERE’S HOPE.

By | Obamacare | No Comments

  DON’T FRET! Open Enrollment is closed until October 2015 but you may still qualify for coverage.  Open Enrollment for 2014 coverage is over. But you may still have options to get health coverage. See if you qualify for a Special Enrollment Period – so you can buy a private health plan through the marketplace. To qualify for a Special Enrollment Period you must experience a qualifying life event:           -Recent marriage, divorce, new baby or adoption?           -Moved out of state,  gained citizenship, left incarceration?          – Lost other health coverage due to losing job-based coverage, divorce, the end of an individual policy plan year in 2014, COBRA expiration, aging off a                       parent’s plan, losing Medicaid or CHIP, and similar circumstance.          -Did you have…

Read More