ACS NEWS

Health Savings Accounts – The Pros and Cons

Pros and Cons of a Health Savings Account
Investopedia – By Jean Folger November 17, 2017

A Health Savings Account (HSA) is like a personal savings account, but the money is used only for qualified health care expenses. The account can be set up with you as the sole beneficiary, or for you plus your spouse and/or dependents. Established in 2003 as part of the Medicare Prescription Drug, Improvement and Modernization Act, HSAs allow people with High-Deductible Health Plans to pay for current healthcare expenses and save for future expenses on a tax-favored basis. Here, we look at the eligibility requirements, […]

Proposed rate changes for the individual health insurance market

The Division of Insurance has posted proposed rate changes for the individual health insurance market
CARSON CITY, NV – The Nevada Division of Insurance has received and made public the proposed health insurance rate changes from carriers on and off the Exchange for Plan Year 2019.

Based on the rate submissions the Division has received for 2019 plans, there will be two insurance companies offering plans on the Exchange with up to 15 individual health plans to choose from. The average proposed rate change for the individual market on Exchange is an increase of 1.9%

“This is the lowest proposed rate increase the […]

Small hikes likely for Nevada health insurance plans in 2019

By Jessie Bekker / Las Vegas Review-Journal
Nevada’s health insurance rates will increase only slightly in 2019, the state’s Division of Insurance announced Tuesday.
Centene Corp.’s SilverSummit Health Plan and Health Plan of Nevada proposed an average 1.9 percent increase on the 15 plans they will offer in the state, the smallest increase since the Affordable Care Act took effect in 2014, Insurance Commissioner Barbara Richardson said in a release. The 41 off-exchange plans will face an average 3.1 percent rate increase.

It’s good news for Nevada, said Heather Korbulic, executive director of the Silver State Health Insurance Exchange.

“All of that shows that […]

Nevada Leaving Federal Platform To Set Up Its Own ACA Exchange

Nevada looks to learn from past mistakes in health platform switch
By Yvonne Gonzalez (contact)
Sunday, April 8, 2018 | 2 a.m.

CARSON CITY — The state’s health exchange under the Affordable Care Act is moving off the federal platform for signing up for insurance, relying on lessons learned in the past and in other states.

Vendors have until 2 p.m. April 13 to file proposals with the Silver State Health Exchange and must adhere to strict requirements. The goal is to avoid mistakes made the first time around, said Heather Korbulic, the exchange’s executive director.

“(Applicants) have to have at least one year of demonstrated […]

CMS Begins Mailing New Medicare ID Cards

Docs say they’re ready for new Medicare ID Cards

By Virgil Dickson  | April 4, 2018

The CMS is starting to mail seniors new Medicare identification cards with randomly generated beneficiary identifiers in place of Social Security numbers.

Frontline providers say they are ready for the change.

The revamped cards will first go to new beneficiaries. In the coming weeks current Medicare beneficiaries in Delaware, the District of Columbia, Maryland, Pennsylvania, Virginia and West Virginia will be among the first wave to get the new cards.

Approximately 60 million beneficiaries will receive the new cards by April 2019.

Dr. Michael Bradley, a family medicine provider and founder […]

Trump administration looking to lower price of health care plans next year

Trump Intends To Sign New Executive Order Allowing Increased Sales Of Less Expensive Healthcare Plans, Sources Say.
Published December 27, 2017 | Health Care | FOXBusiness

President Donald Trump is planning to sign a new executive order to make cheaper health care plans more accessible to consumers, a White House official confirmed to Fox News on Wednesday.

The Department of Health and Human Services and Department of Labor are considering rewriting rules so that consumers can buy cheaper plans without all of the ObamaCare mandates. The source told Fox News that the president is aiming to sign the new executive order by January.

Expanding […]

Health law sign-up deadline extended for some people

Trump Administration To Extend ACA Enrollment For Consumers Who Called Before Deadline.
WASHINGTON (AP) — After a rush of last-minute sign-ups, the Trump administration says it’s extending the deadline for some people to finish health insurance applications for next year under the Affordable Care Act.

Callers to the HealthCare.gov service center on Saturday morning got a recorded message saying “don’t worry” — if they’d called and left their phone number before the deadline, they’ll get a call back and still can enroll for 2018.

HealthCare.gov issued similar extensions previously under the Obama administration.

Although the deadline has passed for most consumers in the 39 […]

GOP ability to dismantle health law expires at month’s end

WASHINGTON (AP) — Senate Republicans will soon run out of time to rely on their slim majority to dismantle the Obama health law.

The Senate parliamentarian has determined that rules governing the effort will expire when the fiscal year ends Sept. 30, according to independent Sen. Bernie Sanders of Vermont, the ranking member of the Senate Budget Committee. The rules allow Republicans to dismantle President Barack Obama’s health care law with just 51 votes, avoiding a filibuster.

“Today’s determination by the Senate parliamentarian is a major victory for the American people and everyone who fought against President Trump’s attempt to take away […]