Recent Articles
IRS May Eliminate FSA Use-It-or-Lose-It Rule
Employers and plan administrators that offer health flexible spending accounts have been bracing themselves for Jan. 1, 2013. That’s when the $2,500 limit on health FSA salary reduction contributions provided for in the Patient Protection and Affordable Care Act kicks...
Health Savings Account Enrollment Up 18 Percent
Enrollment in health savings accounts (HSAs) grew 18 percent last year as employers continued to steer workers into high-deductible medical plans, an insurance group said this morning. HSA membership rose from 11.4 million in January 2011 to 13.5 million in January...
Internal Revenue Service Issues Final Regulations Governing Health Insurance Premium Tax Credit
In regulations to be published in the May 23 Federal Register, the Internal Revenue Service provides guidance for individuals who enroll in qualified health plans through American Health Benefit Exchanges and claim the health insurance premium tax credit and for...
Dupage Medical Group takes 1st step to not cover uninsured immigrants
DuPage Medical Group has added a Race and Ethnicity Guide to their registration process when patients seek medical treatment. The Guide, which asks patients to indicate their race and ethnicity, assures that the information will only be used as part of the Meaningful...
Illinois General Assembly puts health exchange bill on back burner
Democratic and Republican leaders in the Illinois General Assembly have agreed to shelve a bill that would establish an Illinois health insurance exchange amid uncertainty created by the constitutional challenge to the federal health care overhaul before the U.S....
2013 HSA Changes
The maximum contributions that can be made to health savings accounts in 2013 will rise slightly. The following data for 2013 was recently released by the IRS for Health Savings Accounts (HSAs): The maximum contribution that can be made to an HSA in 2013 is $3,250 for...
Health Insurers To Pay $1.3 Billion In Rebates
(Reuters) - U.S. health insurers will pay $1.3 billion in rebates to consumers and employers this year under a provision of President Barack Obama's healthcare reform law that penalizes plans that devote too little of their premium revenues to health services, an...
BlueCross & BlueShield of Illinois parent tops $1 billion in net profits for 2nd straight year
The parent of Blue Cross & Blue Shield of Illinois booked more than $1 billion in net income in 2011, the second straight year that the Chicago-based company has crossed that milestone.
2012 Healthcare Reform Changes
A summary of health reform initiatives which become effective in 2012.
Study Finds Ending Individual Mandate Would Not Dramatically Hike Insurance Prices
A new RAND Corporation study concludes that eliminating a key part of health care reform that requires all Americans to have health insurance would sharply lower the number of people gaining coverage, but would not dramatically increase the cost of buying policies...