by Girish Anand | Mar 16, 2017 | ACA, Affordable Care Act, HHS, Obamacare
The Department of Health and Human Services (HHS) confirmed this week that enrollment in Obamacare health plans dropped half a million from the year before, and came in 1.7 million below expectations, with 12.2 million enrollees by the Jan. 31 end of open enrollment....
by Girish Anand | Mar 7, 2017 | ACA, Affordable Care Act, Obamacare
On Monday (March 6), Republican leadership in the House of Representatives unveiled their plan to replace Obamacare with a program that relies heavily on tax credits and expanded options with Health Savings Accounts (HSAs). Under the plan, no one can be denied health...
by Girish Anand | Feb 22, 2017 | ACA, Affordable Care Act, IRS
With the passage of the Affordable Care Act (ACA) in 2010, the IRS was tasked with exacting monetary fines on individual taxpayers who do not have health insurance for the full time of the reporting period, generally a calendar year. The ACA, under a provision known...
by Girish Anand | Feb 21, 2017 | ACA, Affordable Care Act
A new Summary of Benefits and Coverage (SBC) template goes into effect April 1. The Affordable Care Act (ACA), which may or may not be repealed this year by Republicans, requires that SBCs be distributed to policyholders each year, detailing the coverage they have...
by Girish Anand | Feb 15, 2017 | ACA, Affordable Care Act
The Centers for Medicare and Medicaid (CMS) today proposed shortening the open enrollment period for Obamacare, virtually cutting it in half, while also lowering the benefits and coverage standards for health insurers. The latter is designed to stabilize and...
by Girish Anand | Feb 15, 2017 | ACA, Affordable Care Act
Saying it is “seeing further signs of an unbalanced risk pool,” Humana announced on Tuesday that it is exiting the health insurance exchanges set up under the Affordable Care Act (ACA), which may be moot if the Republicans in Congress carry out their...