slucero wrote:steveo777 wrote:I'm fortunate that I still have medical coverage through work. I'm 54 years old, I smoke and my monthly premium for Medical, Dental and Vision just went from $165 per month down to $103. The reduction is due to tenure and my employer is picking up a larger portion of my monthly premium. I have an annual deductible of $1000, $5 co pay for prescriptions, $25 office visit copay and major medical pays 80%, hospitalization, surgery, etc., with a maximum coverage cap of $250,000.
Here's my figures under Obamacare:Results
Because your income is more than 4 times the poverty level, you would not qualify for subsidized exchange coverage. The information below is about unsubsidized exchange coverage.
Household income in 2014: 670% of poverty level
Unsubsidized annual health insurance premium in 2014: $5,413
In most states, insurers can charge a tobacco surcharge of up to 50% of your total premium before the tax credit. The tax credit cannot be applied to the tobacco surcharge.
Maximum % of income you have to pay for the non-tobacco premium, if eligible for a subsidy: None
(before accounting for a tobacco surcharge, if applicable)
Amount you pay for the premium: $5,413 per year
(which equals 7.03% of your household income and covers 100% of the overall premium)
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 $4,486 per year (which is 5.83% of your household income). 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 $6,350. 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.
So under the estimate, your monthly cost under O'care would go from $103 to $451, and you'd have to spend $6,350 out of pocket, before your healthcare coverage would kicks in to cover costs.
That brings your total annual cost to $11,763 ($980 monthly) before you actually would be using the healthcare coverage you'd be paying for...
What a great deal!
What baffles me is as more and more people that have supported HCR bill find out just how their coverage is going sky rocket, that they can claim or feel this is the right thing to do. Taking into account the blatant lies B.O. stated. Such as it would save families $2500yr on the cost of coverage, your can keep your plan offered by your employer, you can keep the doctors you want. Then add to that people who thought cost of covering everyone even those that can't pay would only effect the rich. Also, people thought it would decrease costs because people would not be going to the ER for basic HC needs. When in fact all it really does is take those costs and move it from one bucket to another.
