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    BlueCross BlueShield profits drop 23% in 2nd Quarter

    by Admin | Sep 19, 2011 | Blue Cross Blue Shield , Blue Cross Blue Shield of Illinois , Insurance News

    (Crain’s) — After surging earlier in the year, profits of the parent of Blue Cross & Blue Shield of Illinois dropped sharply during the second quarter, to a still hefty $270 million, as benefits rose and membership shrank. Chicago-based Health Care Service...

    Federal COBRA Premium Subsidy Expired August 31, 2011

    by Admin | Sep 7, 2011 | COBRA , Insurance News

    On August 31, 2011, the COBRA continuation premium subsidy ended. Former employees who want to maintain their COBRA coverage during any remaining COBRA continuation coverage period will now be responsible for the full 100 percent of their premium payments. The...

    Stand-alone HRAs exempted from annual minimum dollar limits

    by Admin | Aug 25, 2011 | Healthcare Reform , Insurance Laws , Insurance News

    The Department of Health and Human Services has issued new guidance stating that plan sponsors of all stand-alone Health Reimbursement Arrangements (HRAs) with rollover of unused funds in effect prior to September 23, 2010 will no longer be required to seek waivers...

    Large Employers Intend to Increase Employees’ Deductibles and Share of Premium in 2012

    by Admin | Aug 19, 2011 | Insurance News , Surveys

    Many large U.S. employers intend to increase employees’ in-network deductibles and employees’ share of the premiums in 2012. The National Business Group on Health (NBGH), Washington, has reported those findings in a summary of results from a recent survey of 83 large...

    BlueCross BlueShield of Illinois launches new child only health plans

    by Admin | Jul 21, 2011 | Blue Cross Blue Shield of Illinois , Insurance News

    Blue Cross and Blue Shield of Illinois (BCBSIL) announced the launch of 2 new child-only health insurance policies: Blue PathwaySM and BlueChoice PathwaySM. These new products provide coverage for children ages 1 through 18, who do not have other major coverage...

    2012 Health Savings Account Changes

    by Admin | Jun 7, 2011 | Health Savings Accounts , Insurance News

    The maximum contributions that can be made to health savings accounts in 2012 will rise slightly, the Internal Revenue Service said on May 16. Under IRS Revenue Procedure 2011-32, the maximum contribution that can be made to an HSA in 2012 is $3,100 for employees with...
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