Skip to comments.Exact Affordable Care Act insurance costs remain murky
Posted on 10/20/2013 5:35:43 AM PDT by Oldeconomybuyer
Almost a month after the nation began what is proving to be a rocky shift to a new form of national health insurance, the basic question of how much health insurance will cost people under the Affordable Care Act is still hard to answer.
Contributing to the murkiness are continuing problems with the federal governments insurance exchange website and the evolving nature of a system that was built from scratch.
For example, if you make too much money to quality for tax-credit subsidies, the premiums could be higher than you expect, assuming you can even figure them out.
It wont be easy or cheap, Ed Stebbins, of Nashua, an independent insurance broker, said after a run-through with The Telegraph of some pricing scenarios.
(Excerpt) Read more at nashuatelegraph.com ...
“The result? For insurance coverage that falls into what Healthcare.gov calls the bronze level around $5,000 annual deductible per person and twice that for family, some prescription coverage and some office visit copays the hypothetical family will spent $160 a month less in premiums buying now compared with buying after Jan. 1, when all insurance must meet certain Affordable Care Act mandates.
To be specific, the premiums were $513 a month now but $673 a month next year, according to Stebbins work.
The difference is less than it seems because the deductible was a few hundred dollars higher in other words, better under the plan after Jan. 1, which is nothing to sneeze at.”
Huh? Better to have a higher deductible for those premiums?
Have there been any legitimate reports of people saving money yet?
Oh, and also...
Yeah, pretty murky in North Dakota about now.
Georgia and Arkansas as well. Yikes!