how much is the plan being subsidized???
Posted on 12/23/2013 2:23:28 PM PST by the_boy_who_got_lost
State: Kentucky Plan: Platinum Premium: $239.63 Max Out of Pocket: $1,500 Deductible: $500
Why: She's pregnant and the total bill (Hospital+Midwife) will be around $8,000 presuming no complications. This is based on what the hospitals have told us. My sister-in-law just had a baby and they ended up paying over $9,000.
Total cost to us: 239.63*12+1500 = $4,375.56 Savings: $3624.44 (Or more.)
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I am aware we need to watch out for the things that insurance doesn't cover however, having this insurance makes me feel monetarily less responsible. There have been several things that we have opted against because we felt they were not necessary, I.e a second ultrasound. Hey, if someone else is paying for it why not get it? We could potentially run up the bill by several thousand dollars if we wanted.
What if everyone did this? I have a feeling many more people will take advantage of the Obamacare rules as I am. IE buying insurance after my wife is pregnant knowing that I will save money.
Before you could buy insurance that covered pregnancy but (logically) it kicked in 9 or 10 months after you purchased you plan.
On one hand I feel guilty, I am shirking my responsibility and using the system at the cost of other tax payers. Under the old system I wouldn't feel this way because there was no clear way to take advantage of insurance. I would be paying for insurance at least 9 months before my wife got pregnant. Also I halfway feel I've sold out on my beliefs to save a few thousand dollars.
On the other hand I do not feel guilty because I pay a lot in taxes, and I will be paying a $1,000 fine at the end of the year for not buying insurance for myself. Obama and insurance companies knew people were going to be doing this (higher rates are partly due to this) and they may as well see the results of everyone taking advantage of the system at every turn.
This is no longer insurance. Unless I see a valid need or a monetary advantage for buying insurance next year my wife and I will pay the fine.
how much is the plan being subsidized???
The real question, and you know it, is how much of that $9,000 is going to pay for other peoples healthcare? I bet it is a pretty big chunk.
and most of the bill is going to pay for other peoples care probably
Interesting. I didn’t know about this. I just sent for information. Thank you!
Good luck with that.
Once they've got your account numbers, they can charge anything they want, anytime they want.
A man of principle. What will they think of next?
Make sure ya’ll under withhold in 2014 as there is no legal mechanism to collect the fine if you don’t pay besides subtracting it from your refund.
Exactly, when they finally figure it all out and exactly what everyone owes. That might be a couple of years.
There might be back pay due if you didn’t pay enough.
there are only three that qualify for the obamacare exemption. medishare is one. google would get you the other two.
Do you have adequate life insurance? It’s real easy to ignore health insurance when you’re healthy, but sh* happens. A catastrophic health crisis for you could leave your family destitute and without a main wage earner.
Since we have medical coverage through employment, I haven’t paid too much attention to Obamacare. However, I think you can get health insurance through the exchanges or directly from the insurance companies. The only difference is that, if you want a government subsidy, you have to buy from the exchanges. If you don’t want or need government assistance, you can buy health insurance directly from insurance companies. It’s just that now insurance companies have to follow the new rules, i.e. cover pre-existing conditions, etc.
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