Illinois Insurance News

Recent Articles

Obama to Allow Two-Year Renewal of Old Health Plans

March 5 (Bloomberg) -- Americans who kept their health plans that didn’t comply with Obamacare requirements will be able to renew those policies for two more years, according to a person familiar with the matter. The Obama administration, which has been deliberating...

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Illinois Approves Extension of Canceled Plans

The state of Illinois has decided to give insurance companies the option to extend health insurance plans that were scheduled to be cancelled at the end of the year. It's estimated that nearly 200,000 Illinois residents have received cancellation letters in the mail...

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IRS Changes to FSA “Use-it or Lose-it” Rule

This afternoon, the IRS and U.S. Department of Treasury have issued a n-13-71 modifying the healthcare flexible spending account (FSA)'s "Use-it or Lose-it" rule. Effective immediately, employers that offer FSA programs that do not include a grace period will have the...

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Obamacare 2014 Plan Deadline Extended

The Obama administration confirmed to The Washington Post a little bit ago that it is indeed tweaking the way the individual mandate works as to not penalize anyone who purchases coverage during this first open enrollment period. It's not quite right to describe this...

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