How are Health Insurance Subsidies Determined?

Each year during open enrollment individuals are able to see if they are eligible for health insurance subsidies to help supplement their health care costs. The determinations are based on projected adjusted gross income (AGI) for the year compared to the cost of the second lowest silver plan in an individuals state of residence. These two factors along with how many individuals are in the household will determine eligibility to receive assistance. The only way to receive assistance is to enroll in either your state based exchange or on Healthcare.gov. Documents are required to verify the income that you are claiming is in fact correct. If you qualify […]

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Subsidies Stay and Talks of Mergers Resume

With the ruling of King Vs. Burwell in favor of the Obama Administration business moves ahead as normal. Talks of mergers are at the forefront for several of the U.S. healthcare insurers. The Supreme Court ruling had a potential to disrupt the individual market for both individuals and insurers. The top 5 insurers are all considering deals, but two largest mergers that are in the works are Anthem’s bid for Cigna and Aetna acquiring Humana. Cigna’s board has turned down Anthem’s $54B bid. CNBC quotes, “Cigna believes a merger with Anthem would create a health insurance powerhouse, but the Connecticut-based insurer is

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