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SCRancher 10/13/13 09:42 AM

My Health Insurance Canceled due to the ACA
 
I received a letter dated October 1st, 2013 from my insurance provider telling me that due to the ACA my current policy will no longer be offered and I must select a new policy when it run's out. This caused me to start research about what I may be able to get. Here is my findings!

My current policy is very simple; 10k out of pocket deductible at which point my insurance kicks in at 100% coverage. I get 1 free physical per year for each family member and my wife get's a free mammogram each year. We are 46-male, 50-female, 17-female, and 14-male. This policy costs me $320.00 per month. Simple, effective, affordable.

My personal family of 4 bill will go from $320.00 per month to a minimum of: $663.80 per month - this is based upon a BRONZE plan on the Colorado Exchange. South Carolina does not have it's own exchange and must use the Federal Exchange so my actual bill will probably be different - from what I see BRONZE will be 914.41 per month for me in South Carolina.

So my least expensive option will more than double to almost triple!!!
Note the Bronze plan only pays 60% of your projected expenses!!!!
There is NOTHING AFFORDABLE ABOUT THIS!

A calculator I used http://kff.org/interactive/subsidy-calculator/ output THIS for my family in South Carolina:

Silver Plan
Unsubsidized annual health insurance premium in 2014:
$12,748
Maximum % of income you have to pay for the non-tobacco premium, if eligible for a subsidy:
None
Amount you pay for the premium:
$12,748 per year

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 $10,973 per year. 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.

Ambereyes 10/13/13 09:53 AM

Wonder how long before insurance companies start promoting gap insurance for all those on ACA?

mpillow 10/13/13 10:04 AM

And when you sign up for ACA it will take a long time and your identity/info will likely be stolen/hacked.

Oh JOY!

SCRancher 10/13/13 10:16 AM

Currently due to the school my daughter is attending I HAVE to carry insurance (otherwise I would still be self-insured).

If not for the above I would simply opt-out no questions asked and no fines err I mean "taxes" paid.

I am between a rock and a hard place and am unsure how I will proceed once my insurance does run out which is July, 2014 if I remember correctly.

I am going to check to see if I can renew my policy in late December 2013 which would carry me through till the same time in 2014 before I have to choose a path forward.

Jim-mi 10/13/13 10:41 AM

Yes we certainly are getting the bummer promised . ."Change"

And coming up real real fast will be uncounted posts almost verbatim to what SCrancher has posted here.......

Don't ya just love this kind of . . . ."Change"

mpillow 10/13/13 10:43 AM

My son is at a college for marine engineering and has to have ins. also...we lost ins the year he grad. HS (DH lost his job) but the school offered it year #1 for $800 and this year it was $1300!

The rest of our family will opt out...because we got no money and no interest in having our identity stolen.

kasilofhome 10/13/13 01:14 PM

Now, I ask---Ted Cruz-is standing up for what---to proctect the people from government control and the personal impact on our lives--stand with those who stand for you.

WV Hillbilly 10/13/13 03:06 PM

So far I've been able to keep my insurance but the price doubled . What a steaming pile o care is stacking up to be . When all those imaginary funds don't show up I expect to be hit again with even higher premiums , along with cuts in benefits .

7thswan 10/13/13 04:11 PM

Obama threw his voters a bone, and they were expecting steak. Why do people keep believing this Fraud? The prices are high to get people to scream about the high cost those Mean Nasty Insurance Companys are sticking the people with.
THEN, Ozero will swoop in and be the Hero and give everyone Single-Payer Government HC. Which will be akin to ripe compost.

haley1 10/13/13 04:46 PM

Since the lobbyist from the insurance industry and pharmaceutical industry wrote it and gave it to Max Baucus (D-Mont.) To sponsor that's what we get.

Just like when big pharmacy lobbyists wrote Medicare part d and gave to George to sponsor


These are handout/payoffs

kasilofhome 10/13/13 05:35 PM

Darling---sorry but can't you see

1. Ocare was never health care but a money grab book with the cover of Insurance -

2. Being that applications would be required--it is a data mining event to divide people

3. Government controled health care for the whole nation was never popular which is why it was shoved down on us. Think about the townhall meeting where the people spoke out.

4. Health care is important and PRIVATE it is not the duty of the government.

We could go on and on--but in the end there are people who want power and control
there are people who are lazy and entitled in their mind from years of learning and playing the victim card. Then there are people who want freedom to fail and try again to suceed and dream.

I truly hope that Ocare is stopped just as slavery was stopped before.

Darren 10/13/13 05:44 PM

Come to think about, where is healthcare in the Bill of Rights?

Win07_351 10/13/13 09:45 PM

I sometimes wonder how the world for most of its history made it without insurance?

Forerunner 10/13/13 10:54 PM

......or an astronomically over-priced, firmly entrenched and wholly monopolized bureau/medical establishment.......

Old Vet 10/13/13 11:47 PM

Quote:

Originally Posted by Darren (Post 6777927)
Come to think about, where is healthcare in the Bill of Rights?

Here is the whole constitution not only the bill of rights and there is no mention of any of what the law is about. If you have trouble reading it click on the blue words and the meaning will come up. http://www.usconstitution.net/const.html


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