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Well I'm covered by a group plan so I'm insulated from Obamacare until 2015 but seems to me paying the penalty is the way go for young people not covered by such a plan. Since you can get insurance with pre-existing condition you just buy it when you get sick. Am I missing something?
What I mean by substandard is this. We’ve been hearing people complain that the Obamacare-approved policies cover too much, not too little. That’s part of the reason premiums are higher. But from my view, a higher monthly premium along with higher copays create a disincentive. Paying more to see a doctor means there’s less chance I’'ll use that service unless I’m absolutely desperate.
All of this isn’t simply idle hand-wringing. If young healthy people like myself feel we’re being taken advantage of, and opt out of purchasing insurance -- paying the penalty instead -- the healthcare exchanges will collapse. (The penalty in year one for opting out is only $95 or 1% of your salary, whichever is higher -- far less than the cost of even the most basic insurance plan.)
Location: Just transplanted to FL from the N GA mountains
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I think with most folks (like my family) we will continue to purchase health insurance until the point that it becomes unaffordable. At that time.. it'll be penalty for us... what other choice will we have? And... unfortunately, I'm not so sure but that that breaking point won't come sooner than later.......
Huh? I think the extent most people plan for taxes during the year are to make sure their withholdings are right. Now you want them to figure Obamacare into the mix?This seems too difficult for most people.
Well I'm covered by a group plan so I'm insulated from Obamacare until 2015 but seems to me paying the penalty is the way go for young people not covered by such a plan. Since you can get insurance with pre-existing condition you just buy it when you get sick. Am I missing something?
I think with most folks (like my family) we will continue to purchase health insurance until the point that it becomes unaffordable. At that time.. it'll be penalty for us... what other choice will we have? And... unfortunately, I'm not so sure but that that breaking point won't come sooner than later.......
Fair enough but from the perspective of a healthy single guy insurance is optional. I'd just find a doctor with reasonable self-pay options for an annual visit and pay the penalty. I'd still come out ahead financially.
The only problem I see is the event I get hit by a bus.
Well I'm covered by a group plan so I'm insulated from Obamacare until 2015 but seems to me paying the penalty is the way go for young people not covered by such a plan. Since you can get insurance with pre-existing condition you just buy it when you get sick. Am I missing something?
Yes, you are. While one can get insurance if you have pre-existing conditions, you can't get insurance instantly or retroactively.
Also, while an insurance company may have to give you insurance, you may pay more if you have a pre-existing condition.
What makes you think you're insulated? Everyone else has been lied to. Maybe you're next.
Employer mandate doesn't kick in until for 2015.
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