Changes to Medicare 2016

The headline this year may be that Medicare will pay for end-of-life counseling.  “So far, the 2016 change getting the most attention is that Medicare will pay clinicians to counsel patients about options for care at the end of life. The voluntary counseling would have been authorized earlier by President Barack Obama’s health care law but for the outcry fanned by …

Its not too late to get your ObamaCare Subsidy!

While the deadline has passed for January 1 coverage, we can enroll you up to January 15 for a February 1 coverage date.  If you miss that date, you can still enroll for March 1 as long as your enrollment is complete by January 31. After January 31 you must wait until January 1 of 2017, unless you have a …

A few reminders on Health Savings Accounts…

HSA Eligibility Rule Update Per the IRS, to be eligible to make HSA contributions, a person must not have used VA benefits for anything other than preventative services in the past three months.  Effective January 1st, 2016, any veteran who receives VA benefits for a service-connected disability can make or receive HSA contributions regardless of when they received VA benefits. …

Breakdown in NY State oversight caused HealthRepublic Failure

The collapse of Health Republic Insurance of New York, a non-profit insurance co-op established under Obamacare, can be blamed largely on “an apparent breakdown in state oversight,” concludes a report released today by the Empire Center. The report says the state Department of Financial Services (DFS) should loosen its regulatory control of insurance premiums and refocus on the financial soundness …

CIGNA & ANTHEM merger update

From InsuranceBusinessAmerica.com:   Shareholders with Anthem Inc. and Cigna Corporation overwhelmingly approved the planned merger between the two health insurance giants late last week, though likely battles with the US Justice Department over antitrust issues still remain. Anthem’s planned $54 billion purchase of Cigna would create an insurer with 53 million policyholders under the company’s umbrella. Anthem operates Blue Cross …

Medicare Copays announced for 2016

2016 MEDICARE PART A   Part A is Hospital Insurance and covers costs associated with confinement in a hospital or skilled nursing facility.   WHEN YOU ARE HOSPITALIZED FOR: MEDICARE COVERS   YOU PAY   1-60 DAYS   Most confinement costs after the required Medicare deductible $1,288 DEDUCTIBLE     61-90 DAYS   All eligible expenses after patient pays a …

CMS sending notices to Employers

Starting in the spring of 2016, the Health Insurance Marketplace (federally facilitated marketplace/FFM) will notify employers who have employees enrolled in Marketplace coverage and are receiving advanced premium tax credits (APTC). Employers will get notices if any employee received APTC for at least one month in 2016 and if the employee entered the employer’s address on his or her Marketplace …