Month: November 2024
Nov. 5, 2024, is here. Voters will head to the polls to cast their ballots in the presidential election, shaping the course of health policy for the next four years. Here is how the two contenders may approach key health issues.
Healthcare policy remains a highly partisan issue. But ICHRAs — built off President Obama's 21st Century Cures Act but expanded by President Trump — is reliably bipartisan. It's worth examining how these candidates and their party platforms might influence the ICHRA market going forward.
The election’s outcome could alter the very nature of the nearly 60-year-old federal program. More than half of Medicare beneficiaries are already enrolled in plans, called Medicare Advantage, run by commercial insurers.
The Affordable Care Act (ACA) requires fully insured Small Group medical plans to offer an annual one-month Special Open Enrollment (SOE) Window. This period, which runs from November 15 to December 15 annually, allows eligible Small Group employers to enroll in medical coverage without needing to meet the usual contribution or participation requirements. Group coverage obtained during the SOE ...
Governor Gavin Newsom recently vetoed an Assembly bill opposed by the California Chamber of Commerce that would have harmed access to health care by cutting off needed private funding for health care providers. The bill, AB 3129 (Wood; D-Santa Rosa), would have required private investors to obtain the consent of the California Attorney General before acquiring ...
As open enrollment begins this month at Covered California, state residents shopping for health insurance through the agency can take advantage of more financial help than at any time since the Affordable Care Act went into effect. In 2024, 1.5 million Californians received an enhanced premium tax credit from the U.S. government that they were ...
When Camila Bortolleto was 9 years old, her parents brought her from Brazil to the U.S. Bortolleto’s parents are undocumented, but in 2013 she was approved for the Deferred Action for Childhood Arrivals program, which allowed her to get a job and, with it, job-based health insurance. Bortolleto, now 36 and living in Connecticut, left her ...
Legislation signed into law by California Governor Gavin Newsom on September 24, 2024 will subject commercial debt collectors to new compliance requirements starting in 2025.
Nearly 80% of employees "strongly agree" or "agree" they will spend more time reviewing their employee benefits options and coverage this year than they did during the last enrollment period.
The IRS has announced new 401(k) contribution limits for 2025. In its release Friday, the agency increased the employee deferral limit to $23,500, up from $23,000 in 2024. The change applies to workplace plans, including 401(k)s, 403(b)s and most 457 plans, along with the federal Thrift Savings Plan. The IRS also unveiled 2025 catch-up contribution limits for savers age ...