Ritter Insurance Marketing, Craig Ritter

New Limits Placed on Short-Term Health Plans

Short-term health plans are now limited to a period of time no longer than 3 months. The final rule was recently issued by the Department of Health and Humans Services (HHS), the Department of Labor (DOL) and the Internal Revenue Service (IRS). With the inception of the Affordable Care Act, short-term health plans, whose cost…

29 Nov 16
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Boosting the ACA Single Risk Pool

Maintaining the single risk pool has been one of the biggest challenges of the Affordable Care Act. Health and Human Services (HHS) recently proposed a change that aims to boost the ACA risk pool by limiting individual short-term health coverage. In planning stages, the ACA single risk pool was made up of primarily healthy…

31 Aug 16
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Oscar Insurance Reducing 2017 Marketplace Offerings

Oscar Insurance Corporation will be pulling out of the federal marketplace in Dallas, TX, and the entire state of New Jersey for 2017. The company’s exit from the exchange will leave roughly 26,000 New Jersey residents and 7,000 Dallas residents in need of new plans for next year. Oscar’s decision follows closely on the heels…

31 Aug 16
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MA Special Needs Plans Extended Through 2018

Medicare Advantage Special Needs Plans, which would have expired at the end of 2016, are extended through December 31, 2018. As part of the Medicare Access and CHIP Reauthorization Act, the extension continues coverage for particularly vulnerable populations. Established by the Medicare Modernization Act of 2003 (MMA), Special Needs Plans (SNPs) are designed to…

5 Jan 16
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The Impact of Omnibus on Health Insurance Agents

Last week, President Obama signed the 2016 Omnibus Bill to keep the government funded through September 30, 2016. The bill passed the Senate by a vote of 65-33 and passed the House by a vote of 316-113. So, what is the impact of this bill for Health Insurance Agents and what will the…

20 Dec 15
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Marketplace PPO Plans Are Losing Their Punch

The number of silver-level PPOs on the marketplace with no out-of-network financial cap in 2016 has doubled from 2015. As insurers work to keep premium costs stable, out-of-network caps have quickly disappeared. For 2016, 45 percent of the silver-level PPO plans coming to market for the first time have no annual out-of-pocket cap,…

3 Dec 15
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UnitedHealth Warns It May Exit ACA Market

There’s more trouble in the Affordable Care Act waters. UnitedHealth Group, the largest insurer in America, downgraded its earnings forecast for 2015, claiming its marketplace plans were thumping its bottom line. In short, UnitedHealth questioned the long-term stability of it’s exchange business and expressed an unwillingness to subsidize the business going forward. According to…

20 Nov 15
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Report Shows 9.9M Have Active Marketplace Policies

According to data released last month, 9.9 million consumers had paid their premium and had an active health marketplace policy at the end of June.

19 Oct 15
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Highmark Takes Huge Financial Hit on ACA Exchange Plans

The federal health exchange hasn’t been kind to Highmark Health. After losing $318 million on health plans sold to exchange consumers, the Pittsburgh-based company reported a total operating loss of $171 million over the first six months of this year.

5 Oct 15
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More Improvements for PA’s CHIP

Effective December 1, 2015, all Children’s Health Insurance Program (CHIP) policies will offer more benefits important to children’s health. The addition of these enhanced benefits ensures that all CHIP plans meet the minimum essential coverage requirements set forth by the Affordable Care Act (ACA). It also provides all 148,000 children using CHIP…

21 Sep 15
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