IBC: July 1 rate increase for individual medically underwritten plans

Ed MacConnell

IBC: We want to let you know that the monthly rates for our individual medically underwritten plans will increase in July 2014. We are notifying members muchearlier than is required to give them the opportunity to enroll in a plan that is compliant with the Affordable Care Act (ACA). The reason for the rate increase. We understand that it can be difficult to afford quality health insurance coverage. While we continue to work hard to keep costs down, the cost of health care continues to rise along with our member utilization. This is why it’s necessary for Independence Blue Cross (IBC) to implement an 11.5 percent rate increase. Click the link below to read… Read More

Continue Reading

Important: Change to PACE and PACENET Income Limits

Ed MacConnell

Effective February 7, a new law was passed that greatly benefits Medicare beneficiaries who may be eligible for PACE and PACENET. Although the annual income limits will remain the same, the Medicare Part B premium ($104.90 per month for most beneficiaries) is no longer part of the countable income of a Medicare beneficiary. This new law will result in thousands of additional beneficiaries becoming eligible for prescription drug coverage. What this means for beneficiaries Beneficiaries who may have been over the PACE/PACENET income limits by $1,259 or less, may qualify under the new law and should reapply. If a beneficiary reapplies and now qualifies for PACE/PACENET then the beneficiary is… Read More

Continue Reading

Affordable Care Act Video: IBX Answers Five Common Questions

Ed MacConnell

  Not Sure if you qualify? Ask your Total Benefit Solutions Advisor at  (215)355-2121

Continue Reading

Affordable Care Act Video: Subsidies and Tax Credits

Ed MacConnell

Under the Affordable Care Act, individuals and families may qualify for financial assistants to help pay for health care coverage. Age, family size and total household income are the factors that will determine your eligibility for subsidies and tax credits. Answer a few simple questions to learn if you might qualify for financial support: click here or ask your Total Benefit Solutions Adviser to help you by calling us today at (215)355-2121. This short video from Independence Blue Cross makes it easy to understand how they work.

Continue Reading