In 2017 when President Trump did away with cost-sharing subsidies, it forced insurers to raise premiums. The cost-sharing subsidies helped pay back insurers for giving customers lower premiums due to their income status. Due to the halt in the subsidies, health-insurance premiums have been rising for those who have to buy their own insurance, approximately…
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Changes To Medicare Advantage in 2018
Medicare Advantage Plans have become very popular over the years, and like other insurance plans, changes occur every year. The most common changes are the list of drugs that are covered, how much your insurance company charges for them, premiums, and the percentage the plan pays towards your medical expenses. Changes can leave customers confused…
Plans Rates to Increase in 2018: Silver Costing More than Gold
Plans will be at least 34 percent higher in 2018 due to Trump’s decision to halt cost-sharing subsidy payments to insurers. Because the Trump administration ceased these cost-sharing payments to insures, insurance companies raised premiums to compensate for the loss of these reimbursements. This termination of subsidies has also caused some insurers to drop out…
Senate GOP Planned on Getting Rid of Healthcare Mandate, With No Success
Republicans have been working to get rid of the individual mandate from the Affordable Care Act. The reason is to not only save the government money, but to “provide more tax relief to middle class families.” However, they have failed repeatedly to get the tax reform bill passed, leaving the mandate applicable, and the penalty…
CVS & Aetna Merging In 2018
Before 2018, one of the largest pharmaceutical and drugstore chains, CVS, and one of the oldest insurance companies, Aetna, hope to finalize a $70 billion merge. To gain control of costs and provide better quality, health insurance companies are narrowing their network of doctors, hospitals, and pharmacies. Due to this, CVS has taken a hit…
Obamacare Enrollment Rates Skyrocketing
Republicans have made many attempts to end Obamacare, recently proposing a tax reform bill to end the individual mandate. The mandate gives Americans an incentive to buy healthcare insurance or to pay a penalty. But Obamacare proves to be thriving despite the Trump Administration's efforts. Recently, the Obamacare mandate has proven it works, with the…
2017 Health Insurance Open Enrollment Has Been Shortened!
Shortened Open Enrollment Period- When Is The Deadline & What This Means For You This year the government has decided to shorten the Open Enrollment Period from three months to only six weeks, lasting from November 1, 2017 to December 15, 2017. If you sign up during this period, coverage does not start immediately, it…