Health Insurance Roundup, April 8, 2016


Proof of Health Insurance Tax Form-Kiplinger

You don’t need to make any changes to your return, and you don’t send the IRS a copy of the form (the IRS already received a copy from your employer). Keep the form with your tax files to provide evidence that you and your dependents had “minimum essential health coverage” for 2015. If you had eligible coverage for the full year, you should have checked the box on line 61 of your Form 1040 so you wouldn’t have to pay a penalty for going without insurance. 


8 health insurance jargons explained – The Economic Times

At times, terms and conditions in a health insurance policy can be confusing. Not just an understanding of the term even the conditions attached with it need to be known for a better, evolved and an informed buying decision. Here’s a quick guide to help understand some of the common terms. 


Consumer Education Key for Health Insurance Marketplace Success

It seems that those residing in Texas who have purchased their healthcare coverage through the health insurance marketplace do not have as much understanding of certain terms as those who have medical insurance through their employer or via Medicaid or Medicare, according to a studycompleted by the Episcopal Health Foundation (EHF) and Rice University’s Baker Institute for Public Policy. 


Will public health insurance exchange enrollees’ higher costs ease over time? | Business Insurance

The public health insurance exchange population likely will continue to be characterized by members who are sicker and costlier than people covered by group health plans, but sources say most health insurers are in it for the long haul.

A recent Blue Cross Blue Shield Association study billed as the first of its kind found that individuals who enrolled in BCBS plans in 2014 and 2015 had more illnesses, used significantly more medical services and cost more than those enrolled in BCBS plans before the public exchanges authorized under the Affordable Care Act began operating as well as those covered by employer-sponsored health plans. 


Camanche council reaches retiree health insurance agreement | Local News | clintonherald.com

After months of discussion, the city of Camanche has resolved the retiree health insurance issue by passing a resolution.

The resolution passed with four votes in favor. Councilman Paul Varner abstained from voting, citing advice he received from counsel. The resolution states that all city fire and police employees retiring after reaching 55 years of age and completing 20 years of employment with the city of Camanche, and all other city employees who are 60 years of age or older and have completed 20 years of employment with the city, are eligible to participate in the city’s health insurance plan at the employee’s own expense until the employee reaches age 65.

The resolution also details family coverage for city employees. 


New York’s Office of Health Insurance Programs Ranks WellCare’s Managed Long-Term Care Plan Among

WellCare of New York, a subsidiary of WellCare Health Plans, Inc. (NYSE: WCG), announced today it is among the top plans in providing quality care for Managed Long-Term Care recipients inNew York. The WellCare Advocate plan now ranks sixth out of 44 plans based on health care quality, member satisfaction and regulatory compliance measures as determined by the New York State Department of Health Office of Health Insurance Programs.

“WellCare is dedicated to helping our Managed Long-Term Care members, who face many chronic health challenges, achieve and maintain the best health possible,” said Elissa Toder, senior director of quality improvement, WellCare of New York. “This ranking reflects our companywide commitment to quality and our top-notch team of care managers, who not only ensure that our members get the services they require but also provide much-needed support to make members feel valued and motivated to improve their health.” 


Health insurance startup led by former UnitedHealthcare CEO raises $80M – MedCity NewsMedCity News

The entrepreneurs behind health insurance startup Oscar face plenty of challenges in scaling a young health insurance business in the face of long-established, national payer players. Now they have a new potential source of concern, in the form of fellow insurance startup Bright Health. Ironically, it’s led by Bob Sheehy, former CEO of one those established players, UnitedHealthcare.

Bright Health has raised an $80 million Series A to support a national rollout to the health insurance marketplace for individuals. Bessemer Ventures and New Enterprise Associates led the round, according to a company statement. Flare Capital Partners and other investors also took part. 


Low priority given to buying health insurance: survey – Livemint

People across all age groups in India do not prefer buying health insurance because of high premiums, according to a recent health survey by Future Generali India Insurance Co. Ltd in which a total of 1,082 respondents participated. The study revealed that while people do understand that healthcare costs have risen, they don’t go for regular health check-ups and prefer to visit the doctor only when they are unwell. Most feel that treatment and hospitalisation expenses are too high at the time of treatment of any critical illness, however they don’t consider buying health insurance. 


Health insurance company sends customers’ personal info to other customers | WSYX

A Westerville-based health insurance company says an “internal, electronic sorting issue” led to it sending incorrect or incomplete 1095-B forms to its customers.

InHealth Mutual says it’s now offering identity protection services to those affected. To learn more about this, click on the video player above to see Kurt Ludlow’s story.

Below is InHealth Mutual’s full statement as to what happened and what steps their customers can take to fix to address the information leak: 


Different kind of health insurance company coming to Milford | Milford Mirror

A different kind of health insurance company plans to open in a new building at 1645 Boston Post Road, following a unanimous vote of the Planning and Zoning Board (P&Z) at its April 5 meeting.

Planner Hiram Peck said the as-yet unnamed business would be adjacent to Panera Bread, which recently opened at 1627 Boston Post Road. An REI Coop store is also planned for the same shopping center, located opposite the Milford Market Place.

Peck said this would be a retail insurance use, allowing people to not only purchase a health insurance policy, but also receive counseling and education about their options. He said the plan needed a special exception because the use is not clearly spelled out in the Corridor Design District-5 (CDD-5) zone.

City Planner David B. Sulkis said retail insurance offices are permitted in the other CDD zones in Milford. Sulkis said this is a hybrid of a retail building and a professional office. 


Most Indians don’t buy health insurance on high premium: Study – The Economic Times

People across all age groups in India do not buy health insurance due to high premium cost, a survey released on the occasion of World Health Day revealed today.

“The survey highlighted that people across all age groups do not prefer buying health insurance because of high premium even though 27 per cent said that at least one person in the family has already been diagnosed with a critical illness,” Future Generali India Insurance said in its report.


New pact provides for town employee contribution to health insurance | April 7, 2016 | www.orchardparkbee.com | Orchard Park Bee

The Town of Orchard Park has a contract with the Civil Service Employees Association for the first time in two years.

The contract, which runs retroactively from Jan. 1, 2014, to Dec. 31, 2019, was approved in March and now requires all employees, no matter when they were hired, to contribute to the cost of health insurance.

Within the new agreement, employees hired prior to May 18, 2008, will start making contributions on July 1. The contributions will increase during the life of the contract, and, in 2019, those employees will contribute 10 percent of the cost of their insurance.

According to Supervisor Patrick Keem, 15 town employees are in this category. There is a 2.5 percent required contribution on July 1.

Employees hired after May 18, 2008, but prior to May 20, 2010, are already required to contribute 10 percent. This will stay the same in the new contract and affects one town employee.

For employees hired after May 20, 2010, and for new hires, these individuals will contribute 20 percent. Eight town employees are affected and are already contributing 20 percent.

“That was a big issue, the health insurance,” Keem said. “It was a featured change that those hired before May 2008 had never made any contribution towards their health insurance.”

The supervisor described the new requirement as groundbreaking, given that all employees in town are now paying toward their health insurance. 


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