ratereview.healthcare.gov, twenty-eight states have disclosed rate proposals to the public as of Monday. Several of those states, including Indiana, Oregon and Washington, also post the information on their insurance websites. Some of the filings contain trade secrets that are blacked out but rate information is available. Rate proposals for Illinois, however were not included and won’t be released until August 1st of 2016. States like Illinois have limited ability to push back against insurers. That said, there is some precedence for pushing back against proposed rate increases. Find out what’s in store here: http://www.chicagotribune.com/business/ct-obamacare-2017-rates-0614-biz-20160613-story.html Too many families needlessly lose everything they have. Don’t let that be you. If you need help paying the overwhelming cost of long term care, give our office a call at 800-310-3100. Your first consultation is absolutely free. We’ll let you know what steps you need to take, right now, to protect yourself and your family. Call now, because when you’re out of money, you’re out of options! Sincerely, Rick L. Law, Attorney, Estate Planner for Retirees. Rick was named the #1 Illinois elder law estate planning attorney by Leading Lawyer Magazine. He has been quoted in the Wall Street Journal, AARP Magazine, TheStreet.com, and numerous newspapers and articles. Rick is the lead attorney for Law Elder Law, LLP, focusing in Estate Planning, Guardianship, and Nursing Home Solutions. His goal is to give retirees an informed edge when it comes to dealing with an uncertain future. Get flexible retirement strategies that work during good times and bad, plus information on how you can save your home and assets from being used to pay for long term care. Call 800-310-3100 for your free consultation now!By Rick Law, senior advocate and Elder Law estate Planning attorney in the Western Chicago suburb of Aurora, in Illinois. Rick is the founder and managing partner of the Estate Planning Center at Law Elder Law, a multi-generation law firm serving Kane, DuPage, Kendall, Will and other counties in Northern Illinois. Potential rate hikes in the ACA may be coming in 2017. The problem? They may not want you to know about it. According to
- a U.S. citizen or
- a lawfully admitted non-citizen who has lived in the United States for at least five years.
- An individual pays nothing for hospice care, but does pay up to $5 per prescription for outpatient drugs and 5 percent of the costs for inpatient respite care.
- The individual pays a deductible of $1,156 and no copayment for the first 60 days each benefit period, $289 for days 61 to 90 each benefit period, and $578 per “lifetime reserve day” after day 90 each benefit period (up to 60 days over a lifetime).
- Individuals pay all costs for each day after the lifetime reserve days.
- Inpatient mental health care in a psychiatric hospital is limited to 190 days in a lifetime.