2023 Indiana General Assembly- Health Insurance Impacts
The 2023 Indiana General Assembly has wrapped up its Legislative session, and we will have new laws that impact Indiana’s fully insured health insurance. HEA 1004- Healthcare Matters This bill addresses Indiana skyrocketing healthcare costs. The original version required non-profit hospitals to report healthcare charges and would fine any costs exceeding 260% of what Medicare […]
Individual Health Insurance Frustrations
The 2023 Individual Health Insurance open enrollment had serious obstacles this year, not just in Indiana but across the country. We first saw indications of problems fourth quarter of 2022, when renewals needed to be sent out to policyholders. At the start of open enrollment, policyholders were still determining what it would cost for the […]
Healthcare Matters House Bill No 1004
Rep. Donna Schaibley introduced House Bill No. 1004 Beginning in 2025, nonprofit hospitals must submit, on average, how much they charge for each healthcare service they provide. Should a nonprofit hospital charge more than 260% of the Medicare reimbursement rate, it could be assessed a penalty. The penalty paid would be applied to fund the […]
Cigna Individual Health Plan for Indiana
For the upcoming Individual open enrollment, Indiana has a new carrier with a familiar name, Cigna. Cigna’s Individual Health Plan Cigna has a history in the state of Indiana of providing members with a high level of customer service. It really starts with Cigna having a customer service number that you can call on a […]
Indiana Medicaid Redetermination Process
The Families First Coronavirus Act (FFCRA) mandated continuous Medicaid enrollment through the federal COVID-19 public health emergency. The continuous enrollment suspended the redetermination process by prohibiting any cancelation of coverage. Now that the public health emergency has been lifted, all Medicaid recipients must complete a redetermination to determine if they remain eligible. On the national level, […]
2023 Individual Indiana Health Insurance
Every year the individual health insurance companies are required to file next year’s rates and plan to the Indiana Department of Insurance for approval. The insurance department should finalize all 2023 fillings by Aug 18, 2022. The average increase individual marketplace increase is 5.7% When the numbers are drilled down, some plans take a 34% decrease […]
Employee Assistance Programs (EAP)
The month of May was mental health awareness, and there was an increase in interest in Employee Assistance Programs, not just in Indiana but the entire nation. What is an Employee Assistance Program (EAP)? An employee benefits program is a benefit a company will provide to their employees to help address personal and work-related issues […]
Do Different States Mean Different Costs?
Youth sports play a massive role in many parents’ lives. We are constantly shuffling kids from practice, private coaching, games, training, and tryouts. We all hope our children will not need medical attention, but there is a high probability you will find it throughout a youth sports career. This is the story of my kids […]
Elimination of the Family Glitch?
The current administration intends to fix the “family glitch” under the Affordable Care Act (ACA). Under the ACA, an employee may be eligible for a premium tax credit if the employer-sponsored group health plan costs more than 9% of the employee’s income. The “family glitch” disqualified employees dependent from receiving tax credits even if the […]
Small-Group Health Insurance & Inflation
We are now starting to experience the impact of inflation on all industries. The cost of doing business is going up for most industries. Inflation can be devasting on small businesses and force owners to make difficult decisions. One benefit is that small businesses can make changes quickly. When it comes to Indiana Insurance Benefits, […]
