A significant benefit of the Affordable Care Act is the opportunity to receive money-saving tax credits up front to cut the overall cost of health insurance, but now hundreds of thousands of consumers could owe back some of that money next April.
This Aug. 21, 2014, photo shows health care tax forms 8962 and1095-A, in Washington. Who thinks about taxes around Labor Day? If you value your tax refund and you’re one of millions getting a health insurance tax credit under President Barack Obama’s health care law, it’s not too early. If you worked a lot of overtime, or maybe your spouse got a higher-paying job, arcane connections between the health law and taxes can reduce or even eliminate your refund. (Photo: Carolyn Kaster, AP)
Telemedicine could potentially deliver more than $6 billion a year in health care savings to U.S. companies, but only if the technology is widely-adopted.
According to analysis by global professional services company Towers Watson, achieving this level of savings would require all employees and their dependents to use the technology-enabled interactions available today in place of face-to-face visits to the doctor, urgent care center or emergency room for appropriate medical problems.
The Affordable Care Act—also known as Obamacare—is "not an affordable product" for many people and it does not fix the underlying problems causing high health-care costs, Aetna Chairman and CEO Mark Bertolini told CNBC on Wednesday.
"If we're going to fix health care, we've got to get at the delivery of care and the cost of care," Bertolini said in a "Squawk Box" interview. "The ACA does none of that. The only person who's really going to drive that is the consumer and the decisions they make."
BY CARLA K. JOHNSON
AP MEDICAL WRITER
CHICAGO (AP) -- For uninsured people, the nation's new health care law may offer an escape from worry about unexpected, astronomical medical bills. But for Stephanie Payne of St. Louis, who already had good insurance, the law could offer another kind of escape: the chance to quit her job.
At 62, Payne has worked for three decades as a nurse, most recently traveling house to house caring for 30 elderly and disabled patients. But she's ready to leave that behind, including the job-based health benefits, to move to Oregon and promote her self-published book. She envisions herself blogging, doing radio interviews and speaking to seniors groups.
Yet another survey is out underscoring the ongoing confusion many are experiencing over the Patient Protection and Affordable Care Act while stressing the challenges the administration has in getting Americans signed up for coverage under the law.
More than half of Americans (55 percent) still don’t know that the deadline to sign up for health insurance under PPACA is March 31, according to a Bankrate.com report released Monday. Confusion over the deadline was highest among the 18-to-29 age group, those who make less than
$30,000 annually, and those without college degrees.
About one in four Americans (24 percent) incorrectly think the deadline already passed on Jan. 1. And 11 percent think they have until Dec. 31 to sign up, a full nine months after the deadline.
By Michelle Andrews
JAN 21, 2014
Here is a new issue I've discovered: if you are having diagnostic services performed at a hospital, you may be charged a 'facility fee' in addition to the diagnostic service fee. This facility fee can be as high as $1,000 on top of a simple test that might only cost $200-300 by itself. Your insurance plan may not discount this fee very much. A solution to this is to look for an independent imaging center or laboratory and ask them what they would charge for your particular procedure. You will need a CPT code from your doctor so they can look up the price.
I'm happy to report that I've received a Certificate of Completion for the Certified Insurance Agent Training Requirements for Covered California.
This means that I will be able to assist my clients with their questions regarding the government run health insurance marketplace exchange.
As these next few weeks roll along, increased functionality will be available for both consumers and agents. Meanwhile, I will be able to advise on pricing and plans both on and off the government exchange.
Sonoma Valley Insurance