April 15, 2021

premium

Health insurance premium rebates could be larger due to COVID-19

Because so many medical procedures were canceled in 2020, a provision in the Affordable Care Act could mean higher insurance premium rebates.

U.S. health insurance customers may receive higher premium rebates than normal later this year partly because insurers had less care to cover after COVID-19 arrived in 2020.

Some individual insurance customers could receive premium credits or rebates of nearly $300 on average, according to an analysis of government data from the non-profit Kaiser Family Foundation.

The Affordable Care Act requires insurers to give customers refunds or premium credits if they don’t spend certain percentages of the premiums they

Read More

Dubuque County insurance agent charged with using premium payments for personal use | Tri-state News

EPWORTH, Iowa — An Epworth man is accused of using customers’ insurance premium payments for personal matters and selling policies after his license was revoked.

Michael J. Heiberger, 52, was arrested Thursday at Dubuque Law Enforcement Center on a warrant charging money laundering, six counts of fraudulent sales practices under $10,000 and nine counts of acting as an insurance producer without a license. All are felony charges.

Court documents state that Iowa Insurance Division Fraud Bureau officials opened an investigation into Heiberger Insurance Co. and Heiberger himself on Oct. 24, 2019, after receiving a complaint that he was using premium

Read More

How to avoid tax surprises with the health insurance premium credit

krisanapong detraphiphat | Moment | Getty Images

The health insurance premium tax credit was designed to help lower-income Americans pay for insurance — but, if you’re not careful, you could end up owing money at tax time.

The refundable credit is available to any individual or household that obtains a health insurance policy through one of the health-care exchanges set up as part of the Patient Protection and Affordable Care Act, commonly referred to as Obamacare.

Intended to help people who aren’t insured through an employer-sponsored plan, anyone making less than 400% of the official federal poverty level is eligible

Read More