Obamacare Calculator... How may we ********* today? (millionaire, dollar, retire)
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He is upset that he isn't eligible to participate and get those government subsidies for health insurance like the lazy bums who will buy insurance on the exchanges.
You think? My insurance company notified me that my policy would be terminated. So essentially I may be forced into the exchange. I did the calculator and my cost increased by almost $2k and I still don't know what the deductible and patient responsibility would be.
So go ahead and make fun. Why in the hell wouldn't people be upset especially when Obama said
"If you like your insurance, you can keep it PERIOD"
"The cost will go down 3000%" but anyone with common sense would know that going down by 3000% is not realistic but the same or down a little would be good. Oh, and Obama's supporters cheered as he promised a drop by 3000% making them morons.
No they are not.. stop the completely ignorant posts now...
Complete ignorance..
Under the governmental exchange, government is going to GIVE ME $9500 a year..
Under the current policies, I GET $0...
If you dont understand the difference between $0 and $9500, then you're a complete xxx
This wrong, but what is new. Here is reality
The federal and state tax systems play an important part in the financing of private health insurance. The largest tax subsidy for private health insurance -- federal exclusion from income and payroll taxes of employer and employee contributions for employer- sponsored health insurance -- was estimated to cost the U.S. Treasury around $200 billion in lost revenue in 2007,1 or more than one-half of the estimated net federal outlays for the Medicare program for that year.
Many families with employer coverage probably do not understand that the federal and state tax exclusions for private health insurance provide a subsidy to them of at least several thousands of dollars a year.
No its not.. a subsidy is when money LEAVES the governments pocket to lower the cost..
There is nothing leaving the governments pocket so you can have employer based care, nor does it lower the cost of health insurance.
Employers get a tax deduction. That is a subsidy. Yes, yes I know the technical definitions but anytime the government gives you a break on something they are effectively subsidizing.
The subsidy provided by our employer comes out of its PROFITS. A subsidy provided from an Obamascare plan comes out of my TAXES.
You've been paying all along medicaid taxes, medicare taxes, VA taxes and Indian Health taxes. Maybe one day most of these programs will be all rolled up into one and save a bundle.
The federal and state tax systems play an important part in the financing of private health insurance. The largest tax subsidy for private health insurance -- federal exclusion from income and payroll taxes of employer and employee contributions for employer- sponsored health insurance -- was estimated to cost the U.S. Treasury around $200 billion in lost revenue in 2007,1 or more than one-half of the estimated net federal outlays for the Medicare program for that year.
Many families with employer coverage probably do not understand that the federal and state tax exclusions for private health insurance provide a subsidy to them of at least several thousands of dollars a year.
The government allowing you to keep your money IS NOT A COST to the government because ITS NOT THE GOVERNMENTS MONEY.
Why the hell are you so anxious to give the govenrment your money? Do you even work? How much extra taxes do you pay at the end of the year, over and above your obligations? I'd like to know so I can applaud you for not being a hypocrite by proclaiming your money belongs to the government..
I entered in the info for my family. we currently have helath insurance through my wife's employer which costs roughly 5000 a year. Under Obamacare we'd be eleigible in the state of NH for a plan costing 9500 per year and since we make too much money would not receive a tax credit.
Sooner or later the middle class is going to find out that the only thing Obamacare is going to do to them is screw them and it aint gonna be pretty for the people who devised this plan and forced it upon us.
I just ran it.....wow, where do I sign up for such a wonderful deal like this? I get to pay more....for potentially worse care.
results
Because your income is more than 4 times the poverty level, you would not qualify for subsidized exchange coverage. The information below is about unsubsidized exchange coverage.
Household income in 2014:522% of poverty level Unsubsidized annual health insurance premium in 2014:$9,807 Maximum % of income you have to pay for the non-tobacco premium, if eligible for a subsidy:None Amount you pay for the premium:$9,807 per year
(which equals 12.11% of your household income and covers 100% of the overall premium) You could receive a government tax credit subsidy of up to:$0
(which covers 0% of the overall premium)
BRONZE PLAN
The premium amounts above are based on a Silver plan. You could purchase other levels of coverage, such as a Gold plan (which would be more comprehensive) or a Bronze plan (which would be less comprehensive).
For example, you could enroll in a Bronze plan for about $7,208 per year (which is 8.9% of your household income). For most people, the Bronze plan represents the minimum level of coverage required under health reform. Although you would pay less in premiums by enrolling in a Bronze plan, you will face higher out-of-pocket costs than if you enrolled in a Silver plan.
OUT OF POCKET COSTS
Your out-of-pocket maximum for a Silver plan (not including the premium) can be no more than $12,700. Whether you reach this maximum level will depend on the amount of health care services you use. Currently, about one in four people use no health care services in any given year.
A Silver plan has an actuarial value of 70%. This means that for all enrollees in a typical population, the plan will pay for 70% of expenses in total for covered benefits, with enrollees responsible for the rest. If you choose to enroll in a Bronze plan, the actuarial value will be 60%, meaning your out-of-pocket costs when you use services will likely be higher. Regardless of which level of coverage you choose, deductibles and copayments will vary from plan to plan, and out-of-pocket costs will depend on your health care expenses. Preventive services will be covered with no cost sharing required.
OTHER COVERAGE OPTIONS
Because Bronze level coverage would cost more than 8% of your household income, you may instead opt to purchase catastrophic coverage. With a catastrophic plan, you would pay out-of-pocket for most health services until you reach the annual limit on cost sharing ($12,700 in 2014). However, preventive services are covered with no cost sharing required.
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