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View Diary: Democrats -- watch out -- OCARE has a lot of unintended consequences (113 comments)

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  •  Because major corporations never lie. n/t (6+ / 0-)
    •  Let me give you the quote: (3+ / 0-)
      Recommended by:
      Victor Ward, Just Bob, NonnyO
      One unfortunate aspect of the ACA is that effective with the April 2014 renewal [here's a description of a class of people which includes me] will no long be allowed to participate in the [sponsor omitted] plans.

      You have exactly 10 seconds to change that look of disgusting pity into one of enormous respect!

      by Cartoon Peril on Mon Feb 03, 2014 at 12:18:26 PM PST

      [ Parent ]

      •  Corporate communications are carefully drafted. (10+ / 0-)

        Note that it doesn't say "The ACA prohibits people like you from participating in plans like this."  

        No one can say for sure, given that you choose not to disclose the details, but the likely translation is something like:  "The insurance company or the sponsor is no longer allowing people like you to participate in plans like this, but we want you to blame Obama rather than us."

      •  Which tells you nothing (7+ / 0-)

        absolutely nothing at all...

        It sounds like more corporate lies to me...  insurance companies trying to scam their policy holders and blaming it on the ACA.

        All due respect- when you have some actual facts come back and we will all be more than happy to help you.

        The tyranny of a prince in an oligarchy is not so dangerous to the public welfare as the apathy of a citizen in a democracy. -Charles de Montesquieu

        by dawgflyer13 on Mon Feb 03, 2014 at 12:55:36 PM PST

        [ Parent ]

      •  You are quoting the insurance company (4+ / 0-)
        Recommended by:
        skohayes, rtaylor352, Cartoon Peril, tb92

        The Affordable Care Act probably costs the insurance company some money when it says they can no longer make more than 20% profit on your insurance and they can't not cover you for preexisting conditions or put a cap on you and your kids are covered till after 26

        Here is a calculator that will let you see how much you save and how much better your coverage is under the affordable care act

        If you make $50,000 a year I  have no idea why you would want to continue to pay $1900 a month for your policy which is covering just you and your family

        I made some assumptions about your family
        use the calculator to correct my assumptions
        You live in Oregon and make about $50,000
        here's what you pay for a family of 5 people
        $280.42
        You and your wife are forty don't smoke and have 3 kids
        Household income in 2014:
            212% of poverty level
        Maximum % of income you have to pay for the premium, if eligible for a subsidy:
            6.73%
        Health Insurance premium in 2014 (for a silver plan, before tax credit):
            $9,243 per year
        You could receive a government tax credit subsidy of up to:
            $5,878 per year
            (which covers 64% of the overall premium)
        Amount you pay for the premium:
            $3,365 per year
            (which equals 6.73% of your household income and covers 36% of the overall premium)
        Lets say your wife also makes 50K
        Here it is at $100,000

        $770.25 a month
        Household income in 2014:
            425% of poverty level
        Maximum % of income you have to pay for the premium, if eligible for a subsidy:
            None
        Health Insurance premium in 2014 (for a silver plan, before tax credit):
            $9,243 per year
        You could receive a government tax credit subsidy of up to:
            $0 per year
            (which covers 0% of the overall premium)
        Amount you pay for the premium:
            $9,243 per year
            (which equals 9.24% of your household income and covers 100% of the overall premium)

        Lets say you and your wife make $400000
        Your payment stays the same$770.25 a month
        Household income in 2014:
            1699% of poverty level
        Maximum % of income you have to pay for the premium, if eligible for a subsidy:
            None
        Health Insurance premium in 2014 (for a silver plan, before tax credit):
            $9,243 per year
        You could receive a government tax credit subsidy of up to:
            $0 per year
            (which covers 0% of the overall premium)
        Amount you pay for the premium:
            $9,243 per year
            (which equals 2.31% of your household income and covers 100% of the overall premium)

        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 $6,929 per year (which is 1.73% 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 $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.
        Other Coverage Options

        Children and young adults under age 30 are eligible to purchase catastrophic coverage. With a catastrophic plan, you would pay out-of-pocket for most health services until you reach the annual limit on cost sharing ($12,700 in 2014). However, preventive services are covered with no cost sharing required.

        Live Free or Die --- Investigate, Incarcerate

        by rktect on Mon Feb 03, 2014 at 04:11:48 PM PST

        [ Parent ]

      •  As the Onion would say... (0+ / 0-)

        ...."You are dumb." Or at least the corporations are hoping you are.

           Your insurance company is trying to lie to you, and is trying to rack up profits.

          If you aren't a paid troll (questionable), I suggest you follow up. And learn to be skeptical.

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