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- 02/22/18--08:13: _West Virginia close...
- 02/22/18--08:08: _Health Care Q&A: Sc...
- 02/22/18--10:04: _American IRA Publis...
- 02/22/18--14:24: _Leading liberal pol...
- 02/22/18--15:12: _There's a clear pla...
- 02/23/18--04:38: _General Assembly sp...
- 02/23/18--09:31: _Vullo blasts propos...
- 02/23/18--11:25: _No, the Obamacare t...
- 02/24/18--06:34: _Trump's newest plan...
- 02/24/18--08:52: _Why Your Pharmacist...
- 02/24/18--22:18: _Meghalaya Assembly ...
- 02/25/18--00:01: _Getsafe Announces N...
- 02/25/18--19:38: _Health insurance is...
- 02/26/18--02:02: _Deadline Dates From...
- 02/26/18--05:52: _9 million fewer Ame...
- 02/26/18--12:34: _Idaho House panel s...
- 02/26/18--15:28: _The stupidity of Tr...
- 02/26/18--17:39: _Walker to sign bill...
- 02/26/18--20:32: _Twenty U.S. states ...
- 02/26/18--21:12: _Twenty U.S. States ...
- 02/22/18--08:08: Health Care Q&A: Scott McGohan, CEO of McGohan Brabender
- 02/22/18--14:24: Leading liberal policy group unveils 'coverage for all' plan
- 02/23/18--04:38: General Assembly splits over Medicaid expansion
- 02/23/18--09:31: Vullo blasts proposed short-term health insurance plans
- 02/23/18--11:25: No, the Obamacare tax penalty isn’t dead — yet
- 02/25/18--00:01: Getsafe Announces New Health Insurance
- 02/25/18--19:38: Health insurance is sponsor's responsibility in UAE
- 02/26/18--05:52: 9 million fewer Americans expected to have health insurance in 2019
- 02/26/18--12:34: Idaho House panel spikes health care alternative plan
- 02/26/18--17:39: Walker to sign bill designed to lower insurance premiums
- 02/26/18--20:32: Twenty U.S. states sue federal government seeking end to Obamacare
- 02/26/18--21:12: Twenty U.S. States Sue Federal Government Seeking End to Obamacare
All public schools in West Virginia were shuttered Thursday as teachers geared up to strike for better wages and health insurance options -- even as Gov. Jim Justice signed a bill to raise teacher pay.
Reported by FOXNews.com 15 hours ago.
Scott McGohan is CEO of McGohan Brabender, an independent health insurance broker.
Reported by bizjournals 15 hours ago.
Hardship distributions help provide Americans with the enhanced security they might need from a retirement account. For those with Self-Directed IRAs, understanding hardship distributions can be vital in a time of need—which is why American IRA recently published a guide to these distributions on the company blog.
ASHEVILLE, N.C. (PRWEB) February 22, 2018
The rules for early withdrawal from retirement accounts are necessarily stringent. This helps prevent the abuse of retirement accounts for general investment purchases. But there are some cases wherein Americans need access to their life savings—known as “hardships.” Recently, the blog at American IRA published a guide for these so-called hardship distributions, and how they can be applied when using a Self-Directed IRA.
The guide, authored by American IRA CEO Jim Hitt, explains the context of hardship distributions and which circumstances may be included in the definition. This includes death, the disability of the taxpayer, paying health insurance premiums during extended periods of unemployment, and avoiding foreclosure and eviction.
The guide also notes that there may be different rules in place depending on the type of Self-Directed IRA investors hold. For example, IRAs like Roth IRAs include tax-free and penalty-free withdrawals on the principle of the amount invested—not the gains—for money that has been invested in the account for at least five years. This five year limitation serves as a deterrent against those who might want to use a retirement account like a Self-Directed IRA to build wealth and avoid taxes while having greater withdrawal flexibility.
“The key with hardship distributions is that they are only for legitimate purposes,” said Jim Hitt. “The government makes that clear. There may be certain options an investor has depending on the type of Self-Directed IRA they’re using. But it is important to understand these limitations and these requirements from the get-go. Otherwise a retirement investor can have all sorts of inflated expectations about the flexibility of their retirement money. Make no mistake: the government wants you to keep your retirement money within a retirement account. But it is important that investors know all of their options.”
The guide originally appeared at http://www.AmericanIRA.com. For more information about the company and the topic of hardship distributions for Self-Directed IRAs, visit the American IRA blog or call 866-7500-IRA.
American IRA, LLC was established in 2004 by James C. Hitt in Asheville, NC.
The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Mr. Hitt and his team have grown the company to over $250 million in assets under administration by educating the public that their self-directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more.
As a self-directed IRA administrator they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term "they" refers to American IRA, located in Asheville, NC. Reported by PRWeb 13 hours ago.
WASHINGTON (AP) — A leading liberal policy group is raising the ante in the health care debate with a new plan that builds on Medicare to guarantee coverage for all. Called "Medicare Extra for All," the proposal Thursday from the Center for American Progress, or CAP, would provide a path toward universal health care coverage. But in a nod to political pragmatism, the plan would preserve roles for employer coverage and for the health insurance industry. Employers and individuals would have a choice of joining Medicare Extra, but it would not be required. That differs from the more traditional "single-payer" approach advocated by Vermont independent Sen.
Reported by SeattlePI.com 9 hours ago.
· *Amazon's ambitions in healthcare have become more apparent over the last year, leading to speculation about what the company might do if it got into the prescription drug business. *
· *Analysts at Bernstein carved out a clear path Amazon could take, with the help of the company's new nonprofit joint health venture with JPMorgan and Berkshire Hathaway.*
· *The company could start working directly with large, self-insured employers. **If Amazon went that route, it could hit certain businesses, including the pharmacy benefits manager Express Scripts, which works with these large employers. *
It's still remains to be seen if Amazon will get into the prescription drug business, though there have been a lot of hints. That hasn't stopped people from speculating what kind of impact they could have on the space, or even mapping out what their potential entry could look like.
"We believe that disruption is coming for healthcare and Amazon will be an accelerant of this disruption," Bernstein analyst Lance Wilkes wrote in a note Thursday. "We believe this is unusual, in that healthcare usually moves slowly, and investors have been rewarded for not being ahead of actual changes in healthcare. This time is different, we believe, because cost is now the most important consideration for payers (government and employers)."
The idea is that Amazon could come in and sell prescription drugs directly through its site, delivering them via mail and impacting retail pharmacies.
There are three ways Amazon could approach the prescription drug industry, as Bernstein sees it:
· The company could *purchase a pharmacy benefits manager*, an organization responsible for negotiating lower prices for prescriptions.
· Amazon could *partner* with another healthcare organization to be the mail order portion of a health plan, like for example working with UnitedHealthcare's OptumRx PBM division.
· And it could also *go it alone* and just create its own mail-order system and sells that to employers who can add it to their health benefits.
In January, Amazon along with JPMorgan and Berkshire Hathaway, launched a new independent nonprofit venture aimed at lowering healthcare costs for their employees. There weren't many details right off the bat, so it's unclear the exact approach companies will opt for. They could team up to form a health insurance plan, or find other ways to negotiate for cut backs on healthcare spending.
By banding these three self-insured employers together, Amazon's roadmap into the prescription drug business might not have to rely on partners or acquisitions of pharmacy benefits managers. Instead, Amazon could have the leverage to convince employers, starting with these three organizations, to buy into Amazon's mail service.
That large employer strategy could put Express Scripts, one of the largest standalone PBMs in the US, at even more risk than previously anticipated, Wilkes told Business Insider. If employers decide to build their own transparent PBM, they might rely less on Express Scripts' services. National account employers make up about 21% of Express Scripts' gross margin, according to Bernstein.
PBMs tend to make about one-third of their gross margin from rebates paid out for prescriptions by drugmakers, one-third from transactions happening at retail pharmacies, and one-third from their mail and specialty pharmacy services.
Should online prescriptions — particularly for recurring prescriptions — pick up market share from retail pharmacies and mail-order services start to favor Amazon, Bernstein anticipates that this threatens about 55% of Express Scripts' gross margin.
*SEE ALSO: Amazon is selling an exclusive line of over-the-counter medications*
*DON'T MISS: What we know about the new healthcare company Amazon, JPMorgan, and Berkshire Hathaway are forming*
Join the conversation about this story »
NOW WATCH: We asked Jamie Dimon why JPMorgan is forming a new healthcare company with Amazon and Berkshire Hathaway — here's what he said Reported by Business Insider 8 hours ago.
The House of Delegates and state Senate set themselves up Thursday for a multibillion-dollar budget battle over health insurance for low-income Virginians and hundreds of millions of dollars of other state spending.
The House of Delegates broke with four years of strong opposition to Medicaid expansion... Reported by dailypress.com 19 hours ago.
A proposal from the Trump administration to expand short-term health insurance options won’t impact individuals in New York, where state insurance regulations would continue to pre-empt such policies. Limited duration insurance was designed as a bridge to provide temporary coverage for individuals transitioning between healthcare policies, such as an individual in between jobs, or a student taking a semester off from school. These policies, however, are not required to comply with federal requirements…
Reported by bizjournals 14 hours ago.
Rick, Patrick and Michael recently commented on Covered California’s Facebook page, urging others to ditch health insurance.
“No more fines or penalties!!! Trump took care of that!! Saved me 700 bucks this year!!!”
“Trump removed the penalty for not having insurance.”
“I’m pretty sure Trump abolished... Reported by L.A. Times 12 hours ago.
· *The Trump administration rolled out a new proposal this week that would allow expanded access to short-term health insurance plans.*
· *While the plans may bring down monthly costs for some healthy consumers, experts say they could cause serious trouble for sicker Americans.*
--------------------The Department of Health and Human Services this week announced a new proposal that would expand the use of short-term health insurance plans, opening the door for more people to use the "skinny" coverage products while taking another swipe at the law known as Obamacare.
Under the proposed rule, people could enroll in low-cost plans with skimpier benefits for up to 12 months, an increase from the current three-month limit imposed by the Affordable Care Act, or Obamacare. The rule would also attempt to make it easier for people to reenroll in the short-term plans, which are generally designed for people between jobs or close to retirement.
The change, the Trump administration says, is meant to give more low-cost options to healthy people who do not get their coverage from an employer or government program. But many experts say the new plans could also open the door to problems that could result in sicker people paying much more.
Dania Palanker, Kevin Lucia, and Emily Curran, health policy researchers at Georgetown University, pointed to a series of potential trouble spots that could arise under the plans.
One potential problem they identified would come if an individual falls sick during the short-term plan period. For instance, if an individual enrolls in a 12-month short-term health plan in March and discovers a health problem in July, an insurer could determine the issue predated the person's enrollment. The insurer could then treat the sickness as a preexisting condition and deny some coverage — even if the person had no knowledge of the illness before enrolling.
"Even if they are offered coverage, people with preexisting health conditions may never have claims paid under short-term coverage," said a report from the trio. "Insurers may comb through members’ medical histories to determine if a service was for a preexisting condition in order to deny a claim."
The Trump administration recognized this possible pitfall in a report on the proposed rule.
"Depending on plan design, consumers who purchase short-term, limited-duration insurance policies and then develop chronic conditions could face financial hardship as a result, until they are able to enroll in PPACA-compliant plans that would provide coverage for such conditions," the administration's report said.
*A questionable history*
Additionally, many of the short-term plans have a pattern of past misuse. Bloomberg's Erik Larson and Zach Tracer laid out how some short-term plan providers have a history of overcharging consumers and not delivering on promised care.
Issues have also arisen when a person is even able to sign up for the plans in the first place. May short-term insurers use rigorous questionnaires to determine whether a person had a pre-existing condition.
For instance, some short-term plans ask if someone weighs more than a certain amount, has ever been pregnant, or experienced symptoms related to a slew of health problems over the five previous years. An answer of "yes" to any of those questions could make a price's plan increase dramatically.
The Georgetown researchers noted that currently offered short-term plans have out-of-pocket payment maximums well above the current limits under Obamacare. That could lead to people signing up for the short-term plans because of cheap monthly premiums and paying much higher amounts when they need care.
Obamacare, and the restrictions on short-term plans, were designed to prevent these sorts of problems for people with preexisting conditions. But it came at a cost, said Larry Levitt, a vice president at the Kaiser Family Foundation, a nonpartisan health policy think tank.
"The ACA provided protections for people with pre-existing conditions, but raised premiums for middle-class healthy people who don't qualify for subsidies," he tweeted. "An expansion in short-term insurance plans rolls that back some."
*SEE ALSO: The Trump administration just made another big move to reshape the healthcare system*
Join the conversation about this story »
NOW WATCH: How to make America great — according to one of the three cofounders of Black Lives Matter Reported by Business Insider 17 hours ago.
States are moving to block “gag clauses” that prohibit pharmacists from telling customers that they could save money by paying cash for prescription drugs rather than using their health insurance.
Reported by NYTimes.com 15 hours ago.
The Congress in Meghalaya on Saturday released its poll manifesto, promising to enhance the Rs 5 lakh health insurance cover announced by the Centre, if re-elected to power in the state.
Reported by Firstpost 1 hour ago.
Insurtech startup sets out to challenge the traditional health insurer and empower patient self-care. Transparent insurance plans are on the market from February.
Heidelberg (PRWEB) February 25, 2018
Today, Getsafe announced a new transparent and modular dental insurance that will be a patient-friendly solution for those looking for more than just basic healthcare coverage. As a technology-driven company, Getsafe gives every patient a flexible service – easy to use, low-cost and no-hassle sign up. The enterprise aims to build a future-proof set of health insurance plans, acting as a companion to digital customers.
“Healthcare and wellbeing play an important role in young people’s lives,” explains Christian Wiens, Founder and CEO of Getsafe. “Alongside a healthy lifestyle, prevention and additional benefits become more and more important. Here, however, the provision of traditional health insurers falls a long way short, which is why we want to fill the gap and deliver patients a simple and straightforward solution.”
In today’s insurance landscape, the costs for a professional dental cleaning are covered by very few insurers – and when they are, in most cases this will only be partial cover, or only offered in special circumstances, such as the stipulation of a particular dentist.
“Over 90% of Germans rely on the health insurance system provided by the state. Barely 12% of all households have supplementary protection,” ponders Wiens. “With our dental insurance, we will provide a modular service tailored by the customer to their own individual needs. Prevention instead of price – that’s what we believe in, and that’s what we want to offer to the public.”
How does Getsafe insurance work?
The basic dental protection plan costs about €70 per year and includes a free periodic dental cleaning and up to €150 per year for plastic fillings. This basic protection can be extended with additional modules at any time to cover larger dental operations and provision for dentures. Signing up for a policy and filing claims can be done using the Getsafe app. To file a claim, the customer simply has to take a photo of the dentist’s bill. In most cases, the cost can be reimbursed directly, with no waiting time.
To learn more about Getsafe, please follow the latest Getsafe blog, Twitter, or find us on Facebook.
Getsafe is one of the trailblazers of the European insurtech scene. The Germany-based startup brings the concept of comprehensive insurance (as provided by e.g. Axa or Allianz) into the digital age. Customers can take out, change or cancel an insurance policy paper-free and in real time in the Getsafe app. Even making a claim can be done using the app. Getsafe is backed by notable partners and leading venture capital investors including Partech Ventures and Commerzbank. Reported by PRWeb 1 day ago.
If the employee is not under the sponsorship of the employer then the onus of health insurance is not on the employer but on the sponsor.
Reported by Khaleej Times 4 hours ago.
Latest ez1095 2017 Affordable Care Act software accommodates the upcoming IRS due dates. Test drive the 30 day no cost or obligation trial at http://www.halfpricesoft.com.
DETROIT (PRWEB) February 26, 2018
The updated deadlines for the ACA forms by the IRS are accommodated with the latest 2017ez1095 ACA software from Halfpricesoft.com. Please note the following updated deadlines to avoid penalty fees:· 1095 and 1094 IRS copies: Feb 28, 2018 If mailing paper form, April 2 if efiling
· 1095 individual copies: March 2, 2018
· The due date for furnishing to individuals the 2017 Form 1095-B, Health Coverage, is March 2, 2018.
· The due date for furnishing to individuals the 2017 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, is March 2, 2018.
IRS Extends Due Date for Employers and Providers to Issue Health Coverage Forms to Individuals in 2018.
Insurers, self-insuring employers, other coverage providers, and applicable large employers now have until March 2, 2018, to provide Forms 1095-B or 1095-C to individuals, which is a 30-day extension from the original due date of Jan. 31. (Source: https://www.irs.gov/newsroom/irs-extends-due-date-for-employers-and-providers-to-issue-health-coverage-forms-to-individuals-in-2018).
“ez1095 2017 ACA software accommodates deadlines released by the IRS on due dates for the 2017 information reporting requirements.” said Dr. Ge, the founder of Halfpricesoft.com.
Priced from just $195 per installation(295.00 to efile), ez1095 supports multiple company accounts on the same computer at no extra charge.
Customers that need to file Form 1095C, 1094C, 1095B and 1094B can download and try out this ACA software from alfpricsoft.com before purchasing with no obligation by visiting http://www.halfpricesoft.com/aca-1095/form-1095-software-free-download.asp
The main features include but are not limited to :· Print ACA Form 1095-C, 1094-C, 1095-B and 1094-B on white paper for recipients and IRS with inkjet or laser printer.
· PDF print 1095-C and 1095-B recipient copies
· Efile version available at additional cost.
· Support unlimited companies.
· Support unlimited number of recipients.
· Print unlimited number of 1095 and 1094 forms.
· Fast data import feature
· Print Form 1095 C: Employer-Provided Health Insurance Offer and Coverage Insurance
· Print Form 1094 C: Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns
· Print Form 1095-B: Health Coverage
· Print Form 1094-B: Transmittal of Health Coverage Information Return
ez1095 software is compatible Windows 10, 8.1, 8, 7, Vista, XP and other Windows systems. Designed with simplicity in mind, ez1095 software is easy to use and flexible. ez1095 software’s graphical interface leads customers step-by-step through setting up company, adding employees, add forms and print forms. Customers can also click form level help links to get more details regarding the software.
To learn more about ez1095 ACA software, customers can visit http://www.halfpricesoft.com/aca-1095/aca-1095-software.asp
Founded in 2003, Halfpricesoft.com has established itself as a leader in meeting the software needs of small businesses around the world with its payroll software, employee attendance tracking software, check printing software, W2 software, 1099 software and barcode generating software. It continues to grow with its philosophy that small business owners need affordable, user friendly, super simple, and totally risk-free software. Reported by PRWeb 22 hours ago.
The Trump administration's expansion of short-term health insurance plans and Congress' elimination of the individual mandate will mean 9 million fewer people will be insured in 2019, according to a new Urban Institute report.
Reported by CNNMoney 18 hours ago.
BOISE, Idaho (AP) — An Idaho House panel has spiked a proposal that would have allowed health insurance carriers to offer non-Obamacare approved plans, while also imposing new requirements for Medicaid recipients. The proposal was supposed to be an alternative to a separate bill already introduced in the Statehouse designed to reduce Idaho’s health coverage […]
Reported by Seattle Times 12 hours ago.
Those fiscal geniuses in the White House and Republican-controlled Congress have managed to do the impossible: Their sabotage of the Affordable Care Act will lead to 6.4 million fewer Americans with health insurance, while the federal bill for coverage rises by some $33 billion per year.
Also,... Reported by L.A. Times 9 hours ago.
MADISON, Wis. (AP) — Gov. Scott Walker plans to sign into law a measure that’s designed to lower health insurance premiums for people buying plans through the Affordable Care Act. Walker announced Monday that he would sign the bill that had bipartisan support on Tuesday. Walker’s $200 million plan counts on the federal government covering […]
Reported by Seattle Times 7 hours ago.
(Reuters) - A coalition of 20 U.S. states sued the federal government on Monday over Obamacare, claiming the law was no longer constitutional after the repeal last year of its requirement that people have health insurance or pay a fine.
Reported by Reuters 4 hours ago.
A coalition of 20 U.S. states sued the federal government on Monday over Obamacare, claiming the law was no longer constitutional after the repeal last year of its requirement that people have health insurance or pay a fine.
Reported by Newsmax 3 hours ago.