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Illinois General Assembly puts health exchange bill on back burner

by Admin | May 10, 2012 | Healthcare Reform, Illinois Health Insurance, Illinois Health Insurance Laws, Insurance News

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

by Admin | May 10, 2012 | Health Savings Accounts, Insurance News

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

by Admin | Apr 30, 2012 | Carriers, Healthcare Reform, Insurance News, Obamacare

(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...

BlueCross & BlueShield of Illinois parent tops $1 billion in net profits for 2nd straight year

by Admin | Mar 6, 2012 | Blue Cross Blue Shield, Blue Cross Blue Shield of Illinois, Insurance News

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. Health Care Service Corp., which also operates Blue Cross plans in Oklahoma,...

2012 Healthcare Reform Changes

by Admin | Feb 22, 2012 | Healthcare Reform, Insurance Laws, Insurance News, Medicare

A summary of health reform initiatives which become effective in 2012: 2012 Changes to Medicare Make Part D cost sharing for full benefit dual eligible beneficiaries receiving home and community based care services equal to the cost sharing for those who receive...

Study Finds Ending Individual Mandate Would Not Dramatically Hike Insurance Prices

by Admin | Feb 22, 2012 | Healthcare Reform, Insurance News, Surveys

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...
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