Ritter Insurance Marketing, Craig Ritter

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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State Exchanges Struggling As Federal Funds Dry Up

Though states with their own health exchanges weren’t affected by Thursday’s Supreme Court decision, they are still struggling with financial worries. Federal start-up money has stopped flowing into state exchanges, and so, states must now rely on their own funding methods. With the passage of the Affordable Care Act, roughly $5 billion was set aside to…

2 Jul 15
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Gov. Wolf to Drop Exchange Proposal

Earlier this month, Gov. Tom Wolf proposed setting up a state-based health insurance exchange, hoping to be prepared if the Supreme Court were to strike down subsidies to residents in states without their own exchanges.

In light of today’s news — a 6-3 vote upholding subsidies for qualified residents in all 50 states — Wolf’s proposal will be tossed.

25 Jun 15
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Supreme Court Upholds Subsidies for ACA

President Barack Obama’s health care law secured a big win today when the Supreme Court upheld that the Affordable Care Act allows for subsidies to residents of all 50 states, not just those who buy insurance through a state exchange. Sixteen states have their own exchanges, while 34 rely on the Federally Facilitated Marketplace…

25 Jun 15
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