Illinois Insurance News

Recent Articles

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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Obamacare Illinois Rates Released

The federal department overseeing President Obama's health care overhaul has published a database of insurance plan rates for counties in 34 states, including the 102 in Illinois. The Quinn administration has declined to release such detailed information, which...

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Small Employer Exchange Delayed

The Exchanges are scheduled to open this Tuesday, but regulators announced today that there will be some delays to the Small Business Health Options Program, also known as the SHOP Exchange. Employers with fewer than 50 employees are still expected to have the ability...

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