News
Medicaid ‘spend down’ not DIY strategy
2+ hour, 36+ min ago (638+ words) The U.S. Department of Health and Human Services estimates that more than half people over age 65 will need help with daily activities such as bathing, dressing or eating at some point, either for an extended period or the rest of their…...
As costs soar, 12,000 near-retirees cancel Pennie health plans
3+ mon, 4+ day ago (505+ words) More than 12,000 people between the ages of 55-64 have terminated insurance coverage purchased through the state's Pennie insurance marketplace. In all, at least 55,000 individuals and households had terminated their marketplace insurance as of Dec. 17. The deadline to enroll is Dec. 31. And…...
ACA credits expire, insurance rates spike
3+ mon, 1+ day ago (829+ words) NEW YORK " Enhanced tax credits that have helped reduce the cost of health insurance for the vast majority of Affordable Care Act enrollees expired overnight, cementing higher health costs for millions of Americans at the start of the new year....
Don’t let your HSA drag you down
3+ mon, 3+ week ago (591+ words) Paired with high-deductible healthcare plans, health savings accounts help ease healthcare costs. HSAs are a triple tax-advantaged vehicle in the tax code, allowing for pretax contributions, tax-free compounding, and tax-free withdrawals for qualified medical expenses. However, few owners fund their…...
Pennie health insurance costs to double
5+ mon, 2+ week ago (396+ words) The average cost to buy insurance through Pennie, the state's health insurance marketplace, will double in the coming year, due to the failure of Congress to reauthorize enhanced premium tax credits, state officials said. The Insurance Department announced that rates…...
Affordable Care Act tax credits at risk
6+ mon, 5+ day ago (326+ words) State officials are warning that unless Congress acts to extend Affordable Care Act tax credits, premiums in the state-run health insurance marketplace will skyrocket. The Affordable Care Act tax credits have emerged as a key point of contention in federal…...