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I have an individual policy because my employer switched from a very good plan to a junk plan a few years ago. Since the cost of the weekly premium continued to go up over the last several years, the plan I have now is about the same, only I have a higher deductible. But it's basically the same coverage as the original plan, and I think even better is that it is 100/0 instead of 80/20. Only difference is I have a higher deductible. Far as I know, my individual plan hasn't been cancelled, but I sure did get that maternity coverage letter .
My employer came out with a pamphlet a few years ago stating how much they were paying per employee under their old plan, and they stated it was about $11,000 per person. But, the coverage was stellar. I don't know how much they're saving with the newer plans. Long story short, they will fall under the penalty provisions which is about $2,000 per employee. So, what are you going to do as an employer? Are you going to keep spending around $11,000 per employee on insurance, or are you going to cancel the plans all together and only pay a $2,000 per-employee penalty? Doing the math, it's an easy choice. An employer who qualifies for the penalty would be stupid not to pay it, and all other business will have more money taken from them instead of investing in providing jobs.
$11,000.00 (CURRENT cost to insure employees)
$2000.00 (penalty for not insuring employees)
And the difference is BEFORE the premiums increase due to Obamacare.
Looks like alot more people are going to lose their insurance and have to pay higher premiums and deductibles.
Conservatives love to hear themselve preach. So much preaching in this thread, so little evidence for the claims.
Sure. As if it were possible to reason with a person who considers the finest individual policies available anywhere as "junk."
I'd give you more details about my new Obamajunk policy with the higher deductibles and 50% benefit payout/50% coinsurance and higher out-of-pocket expense exposure....but the Obamajunk website is down. Sorry.
My current policy:
Insurance Premiums: $5739.00 yr (monthly $478.25)
Deductible: $2500 deduct
Out of pocket max: $2000
Co-Insurance (Co-Pay): 90/10
Kaiser Calculation (silver plan)
Amount you pay for the premium:$6,664 per year ($555.33 month)
Do not qualify for subsidy
Your out-of-pocket maximum for a Silver plan (not including the premium) can be no more than $12,700.
Actual Post Obamacare Insurance Quotes:
Monthly Payment: $672.00
Deductible: $2000
Out of Pocket Maximum: $9000.00
Co-Insurance (Co-Pay): 80/20
Monthly Payment: $784.65
Deductible: $5000
Out of Pocket Maximum: $7000.00
Co-Insurance (Co-Pay): 90/10
Monthly Payment: $770.59
Deductible: $6400
Out of Pocket Maximum: $12,7000.00
Co-Insurance (Co-Pay): 80/20
Which makes the yearly out of pocket expense, about $750 A MONTH for an individual, or $9000 A YEAR...
That's like saying that because my auto policy has a $2,000 deductible my annual out of pocket expense is the deductible plus my premium cost.
One can't predict the out-of-pocket expense because if the individual doesn't need any care, the cost is the premium only, which is $211.25 a month. You just can't use spurious calculations to inflate the cost.
For those calling me a liar:
Here is the info copied from my state exchange on a BSBC blue Advantage for 61 year old with $90,000 income. The monthly cost $677.32 comes to $8,127.84 a year! Double what I was paying. To stay on a similar private plan like I had without the exchange is even more than this below.
Blue Advantage Silver 2800
Blue Cross and Blue Shield of North Carolina
Deductible $2,800
Coinsurance 30%
Out of Pocket Maximum $6,350
More Details
Monthly Cost
$677.32
Premium: $677.32
Subsidy: $0.00
- See more at: North Carolina Health Insurance Exchange | Healthcare.gov
My Previous policy that I had for fifteen years that was cancelled was only $360 a month and had less deductible less copay and better prescription benefits. I am not sure what my total out of pocket was.
Here is the state exchange link I got that info from: North Carolina Health Insurance Exchange | Healthcare.gov
You can't predict the out-of-pocket expense because if the individual doesn't need any care, the cost is the premium only, which is $211.25 a month.
That's like saying that because my auto policy has a $2,000 deductible my annual out of pocket expense is the deductible plus my premium cost.
Agreed, which has me wondering how the hell you can run around and proclaim these newer, more expensive policies, are "better" because the "deductible" levels?
You just stated why YOUR OWN argument supporting Obamacare is the dumbest thing I've ever heard in my life..
Did you do the math? That $500 a MONTH for an individual for the decuctible, + their monthly premiums..
CAN YOU AFFORD THAT?
I can, but that's not the issue at hand. What we are talking about is the lie that ACA plans are grossly more expensive than current plans and provide less. That is not true. This is actually cheaper than most plans that provide these same benefits. Show me numbers to prove it if you think otherwise.
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