Angel!
Senior Associate
Politics Admin
Joined: Dec 20, 2010 11:44:08 GMT -5
Posts: 10,722
|
Post by Angel! on Jun 9, 2011 15:28:22 GMT -5
The affordability tool only tells you if you are eligible for the subsidized program & if you are looking at tax penalties. Did you actually look up your insurance premiums to see if they are cheaper than what you have available now?
|
|
cme1201
Junior Associate
Tennis Elbow, Jock Itch, and Athletes Foot, every man has a sports life!
Joined: Apr 6, 2011 13:55:07 GMT -5
Posts: 5,503
|
Post by cme1201 on Jun 9, 2011 15:29:53 GMT -5
The affordability tool only tells you if you are eligible for the subsidized program & if you are looking at tax penalties. Did you actually look up your insurance premiums to see if they are cheaper than what you have available now? Yes, I could save (on me personally) about 30% so on my income of 2400 pm I would only have to pay out 2000 for health insurance in MA.
|
|
Angel!
Senior Associate
Politics Admin
Joined: Dec 20, 2010 11:44:08 GMT -5
Posts: 10,722
|
Post by Angel! on Jun 9, 2011 15:31:48 GMT -5
The affordability tool only tells you if you are eligible for the subsidized program & if you are looking at tax penalties. Did you actually look up your insurance premiums to see if they are cheaper than what you have available now? Yes, I could save (on me personally) about 30% so on my income of 2400 pm I would only have to pay out 2000 for health insurance in MA. Where are you getting this? I priced a 50 yr old with 3 kids as starting at $650/month. (I don't know your age or number of kids).
|
|
Angel!
Senior Associate
Politics Admin
Joined: Dec 20, 2010 11:44:08 GMT -5
Posts: 10,722
|
Post by Angel! on Jun 9, 2011 15:37:08 GMT -5
Also, I just noticed the income of $2400/month - with that income you would qualify for subsidized insurance anyway. Assuming the 12% I guessed earlier is correct - the most you would pay for premiums under the health care reform would be $288/month.
|
|
NoMoreLunacy
Well-Known Member
Joined: Jun 8, 2011 23:21:57 GMT -5
Posts: 1,293
|
Post by NoMoreLunacy on Jun 9, 2011 15:38:34 GMT -5
Who pays for the subsidies in the insurance?
|
|
cme1201
Junior Associate
Tennis Elbow, Jock Itch, and Athletes Foot, every man has a sports life!
Joined: Apr 6, 2011 13:55:07 GMT -5
Posts: 5,503
|
Post by cme1201 on Jun 9, 2011 15:42:44 GMT -5
I am mid 30's, I have had 2 stress induced heart attacks, Rhumatoid Artheritis, degeneritive nerve disorder called reflex sympathetic dystrophy, i have had 1 lung collaspe twice (doctors say this happens to very thin male type people and is considered "normal"), and chronic miagraines.
My brother who is 1 year older than me and is about 30lbs over-weight pays 252 month for insurance where as the exact same plan would run me 2768.
So I have a secondary savings account that is my medical account.
|
|
cme1201
Junior Associate
Tennis Elbow, Jock Itch, and Athletes Foot, every man has a sports life!
Joined: Apr 6, 2011 13:55:07 GMT -5
Posts: 5,503
|
Post by cme1201 on Jun 9, 2011 15:45:37 GMT -5
Also, I just noticed the income of $2400/month - with that income you would qualify for subsidized insurance anyway. Assuming the 12% I guessed earlier is correct - the most you would pay for premiums under the health care reform would be $288/month. Yes and no Angel, I do have savings, I also have property. If you go to the site it looks real nice, until you start looking a little deeper. Talk with your Health Insurance rep (if you work for a small company and know the person) they can give you a much clearer picture, I was looking at moving to MA about 2 years ago following a job opportunity and had a nice long conversation with our agent, he showed me in black and white exactly what it would cost me.
|
|
Angel!
Senior Associate
Politics Admin
Joined: Dec 20, 2010 11:44:08 GMT -5
Posts: 10,722
|
Post by Angel! on Jun 9, 2011 15:45:53 GMT -5
Who pays for the subsidies in the insurance? You do - because you're rich & the entire country is working towards pissing you off.
|
|
Angel!
Senior Associate
Politics Admin
Joined: Dec 20, 2010 11:44:08 GMT -5
Posts: 10,722
|
Post by Angel! on Jun 9, 2011 15:47:49 GMT -5
Also, I just noticed the income of $2400/month - with that income you would qualify for subsidized insurance anyway. Assuming the 12% I guessed earlier is correct - the most you would pay for premiums under the health care reform would be $288/month. Yes and no Angel, I do have savings, I also have property. If you go to the site it looks real nice, until you start looking a little deeper. Talk with your Health Insurance rep (if you work for a small company and know the person) they can give you a much clearer picture, I was looking at moving to MA about 2 years ago following a job opportunity and had a nice long conversation with our agent, he showed me in black and white exactly what it would cost me. I'm not talking about MA anymore, I am talking about with the healthcare reform. On anyone under 400% poverty, they limit your premiums.
|
|
cme1201
Junior Associate
Tennis Elbow, Jock Itch, and Athletes Foot, every man has a sports life!
Joined: Apr 6, 2011 13:55:07 GMT -5
Posts: 5,503
|
Post by cme1201 on Jun 9, 2011 15:49:55 GMT -5
Yes and no Angel, I do have savings, I also have property. If you go to the site it looks real nice, until you start looking a little deeper. Talk with your Health Insurance rep (if you work for a small company and know the person) they can give you a much clearer picture, I was looking at moving to MA about 2 years ago following a job opportunity and had a nice long conversation with our agent, he showed me in black and white exactly what it would cost me. I'm not talking about MA anymore, I am talking about with the healthcare reform. On anyone under 400% poverty, they limit your premiums. What does it say about assets?
|
|
EVT1
Junior Associate
Joined: Dec 30, 2010 16:22:42 GMT -5
Posts: 8,596
|
Post by EVT1 on Jun 9, 2011 15:59:00 GMT -5
According to the reform bill on Jan 1 2014 you will be able to get the same price as your brother. Until then have you looked at the pre-existing condition insurance plans? www.pcip.gov/They are quite reasonable in my state. Of course if we lived in any other modern country this wouldn't even be an issue for you- go USA!
|
|
Angel!
Senior Associate
Politics Admin
Joined: Dec 20, 2010 11:44:08 GMT -5
Posts: 10,722
|
Post by Angel! on Jun 9, 2011 15:59:25 GMT -5
I'm not talking about MA anymore, I am talking about with the healthcare reform. On anyone under 400% poverty, they limit your premiums. What does it say about assets? I would have to double check, but I am fairly certain there is no means testing for the level of income we are talking about for you. I think the whole thing is calculated on your income taxes at the end of the year, so it would be solely based on that number. But like I said - I would have to double check & can't do it now - have to run.
|
|
EVT1
Junior Associate
Joined: Dec 30, 2010 16:22:42 GMT -5
Posts: 8,596
|
Post by EVT1 on Jun 9, 2011 16:03:44 GMT -5
Looks like the PCIP's run 200-500 a month regardless of income level.
Premiums vary depending on the state you live in. But as an example, if you live in a state where the U.S. Department of Health and Human Services provides coverage, the premium for an age 50 year old enrollee may range between $214 and $559, depending on state of residence.
|
|
cme1201
Junior Associate
Tennis Elbow, Jock Itch, and Athletes Foot, every man has a sports life!
Joined: Apr 6, 2011 13:55:07 GMT -5
Posts: 5,503
|
Post by cme1201 on Jun 9, 2011 16:06:59 GMT -5
Thanks evt1. I will look into it.
|
|
EVT1
Junior Associate
Joined: Dec 30, 2010 16:22:42 GMT -5
Posts: 8,596
|
Post by EVT1 on Jun 9, 2011 16:27:28 GMT -5
No problem- I support all of our citizens having affordable access to health care- even ones I may disagree with politically.
|
|
cme1201
Junior Associate
Tennis Elbow, Jock Itch, and Athletes Foot, every man has a sports life!
Joined: Apr 6, 2011 13:55:07 GMT -5
Posts: 5,503
|
Post by cme1201 on Jun 9, 2011 17:07:28 GMT -5
It's actually a program I have never heard about.
|
|
Angel!
Senior Associate
Politics Admin
Joined: Dec 20, 2010 11:44:08 GMT -5
Posts: 10,722
|
Post by Angel! on Jun 10, 2011 11:58:49 GMT -5
It's actually a program I have never heard about. It was started because it was in the healthcare reform bill. It was put in there to give people with pre-existing conditions immediate access to insurance until the 2014 when the reform makes it so you can no longer be rejected or have higher premiums due to pre-existing conditions. As far as your earlier question - there is no asset test for the premium subsidy, it is merely based on your taxable income & calculated as part of your tax return. For people under 400% poverty, the highest you will pay is 9.8% of your income for premiums. It changes if you get under 100% of poverty though because at that point you should be eligible for medicaid, which does take assets into account, so I'm not sure what happens to those under 100% poverty that aren't eligible for medicaid. But, that doesn't apply to you since you are over the 100% threshold, so you are looking at most 9.8% of your income towards preimiums - sure beats 3K/month.
|
|
EVT1
Junior Associate
Joined: Dec 30, 2010 16:22:42 GMT -5
Posts: 8,596
|
Post by EVT1 on Jun 10, 2011 12:52:51 GMT -5
They don't advertise it much on Fox news.
|
|
cme1201
Junior Associate
Tennis Elbow, Jock Itch, and Athletes Foot, every man has a sports life!
Joined: Apr 6, 2011 13:55:07 GMT -5
Posts: 5,503
|
Post by cme1201 on Jun 10, 2011 12:54:41 GMT -5
They don't advertise it much on Fox news. Wrong, I do not watch fox news. I prefer crime drama's to fat mouth commentators.
|
|
ugonow
Senior Member
Joined: Dec 21, 2010 10:15:55 GMT -5
Posts: 3,397
|
Post by ugonow on Jun 11, 2011 12:12:28 GMT -5
Interesting. The group that came up with these findings,despite the fact it disagrees with others, refuses to release their study to see how they came to this conclusion----- www.washingtonpost.com/blogs/plum-line/post/mckinsey-refuses-white-house-request-for-info-on-study-faulting-affordable-care-act/2011/03/03/AG9gBEPH_blog.html "There’s now been a new twist in this story. I’m told that the White House, as well as top Democrats on key House and Senate committees, have privately contacted McKinsey to ask for details on the study’s methodology. According to an Obama administration official and a source on the House Ways and Means Committee, the company refused. A spokesperson for McKinsey — which does proprietary research regularly — declined comment. The study’s topline conclusion was that 30 percent of employers will stop offering employer-sponsored insurance to employees in the years after 2014, when the health reform law fully kicks in. As the White House was quick to point out, this is an outlier: Other studies have concluded that health reform will produce minimal changes in whether employers will continue to provide coverage. How did McKinsey conduct their study? An article accompanying the study claimed that 1300 employers of varying sizes, industries and regions had been surveyed. But there’s a good deal more we need to know about how it was conducted in order to verify its reliability. For instance, as Kate Pickert argued persuasively, a detailed breakdown of the sizes, locations and industries included in the survey would help us evaluate whether it’s “representative of American business as a whole.” Also: The article about the study says it “educated respondents” about employer-sponsored insurance before asking them whether they would drop it after 2014. But we have no idea what that means or, more broadly, what the question wording was employed. Pickert asked McKinsley for more info about the methodology of the study. The company declined to comment. Politico asked McKinsey for the study’s question wording, and was turned down. And yet, as Steve Benen pointed out, the study’s results are already on their way to becoming a key talking point against the Affordable Care Act. Now the White House and top Congressional Democrats are asking the company to release the baseline information we need to evaluate the study’s credibility and integrity. So this story could now get a good deal more interesting."
|
|