Health Insurance
Obamacare Premiums To Rise as Much as 75%
Obamacare premiums will rise as much as 75% during the upcoming open enrollment. The reasons is because the insurance carriers have requested as much as 15% and the enhanced premium tax credits added during covid 19 will expire at the end of this year. These actions will force millions of Americans to choose new more affordable medical plans.
Federal Judge Blocks Some Obamacare Changes
A federal judge paused portions of the U.S. Department of Health and Human Services' planned regulatory changes to the Affordable Care Act's health insurance marketplace on Friday, just days before they were due to take effect. U.S. District Judge Brendan Hurson in Baltimore in his ruling sided with a challenge brought by the city of Chicago, the mayor and city council of Baltimore and public health advocates. They said the changes would result in more than 2 million people losing their health insurance coverage by increasing fees and imposing other barriers.
Aetna To Exit Florida Individual Market
Aetna has announced that they will be leaving the Florida individual health insurance market effective Dec. 31st. Anyone currently covered by an Aetna individual health insurance plan will need to enroll in a new insurance plan during the upcoming open enrollment period.
Changes Coming To Obamacare
The Trump administration has proposed several changes to Obamacare that could effect you. One is to shorten the open enrollment to two months so that it would end on Dec. 15th instead of Jan. 15th as it is now. Also, the special open enrollment for those below 150% of federal poverty limit and to end the increased subsidies that were implemented after Covid. These changes could impact millions of people who get their health insurance from the Federal marketplace
Obamacare Open Enrollment
The annual open enrollment for Obamacare has begun and will end on Jan. 15th. During this time, any legal U.S. resident can sign up for a new health insurance plan with no questions asked and may receive tax credits to help pay the monthly premium. because of recent changes in the law, almost all individuals or families will receive the credits.
Florida Expands Access To Kid Care
Florida Kid Care is state sponsored health insurance plan for children under the age of nineteen. The cost is based on family income and caps out at $60,000. Florida has now raised the ceiling on family income so that a family of four with a gross income of $90,000 per year can still qualify for help in paying the premium. Please feel free to reach out to us for more information.