Illinois Insurance News

Recent Articles

Obama Signs Stopgap COBRA Subsidy Extension

President Obama Tuesday night signed into law legislation that provides a stopgap, 31-day extension of federal subsidies of COBRA health care premiums. The measure was approved earlier Tuesday by the Senate on a 78-19 vote, while the House cleared it last week. Under...

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New jobs bill adds COBRA subsidy extension, expansion

COBRA health insurance premium subsidies would be extended and expanded under a new jobs bill being put together by Senate Majority Leader Harry Reid, D-Nev. In its current version, the draft bill would extend the COBRA premium subsidy to involuntarily terminated...

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New FMLA Regulations Expand Military Caregivers’ Coverage

The Family and Medical Leave Act of 1993 ("FMLA"), which applies to employer groups with 50 or more employees and all public agencies, has an indirect impact on health insurers and group health plans. FMLA requires employers to provide up to 12 weeks of unpaid leave...

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Moody’s Downgrades Blue Cross and Blue Shield of Illinois

From the Chicago Tribune Moody's Investors Service has downgraded the debt and financial-strength ratings of the parent of Chicago-based Blue Cross and Blue Shield of Illinois. Moody's Investors Service this week said Health Care Service Corp., the nation's...

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COBRA subsidy program extended

President Obama has signed a bill that extends federal COBRA health insurance premium subsidies for the unemployed. The Senate, in a rare Saturday session, passed H.R. 3326 on an 88-10 vote. The measure—a military spending bill that the House passed earlier last...

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