Free health insurance? Obamacare customers are finding it
Source: CBS News
The president stopped reimbursing insurers for reduced copays and deductibles, available to people with modest incomes purchasing a "silver" ACA plan. Sure enough, that has boosted premiums for silver plans. But government subsidies also shot up, because they're pegged to the cost of silver plans.
The bigger available subsidies mean that cheaper "bronze" plans can increasingly be had for no monthly premium, after consumers subtract their subsidy from the list price.
It's like pushing down on one end of a see-saw, and the other end goes up.
In some cases, "gold" plans offering enhanced protection against the costs of illness are also available for free to people whose incomes qualify them for financial assistance.
Read more: https://www.cbsnews.com/news/free-health-insurance-obamacare-customers-are-finding-it/
If you qualify, you should check it out.
bagelsforbreakfast
(1,427 posts)Fred Sanders
(23,946 posts)BigmanPigman
(51,624 posts)I heard in Sept that since the Silver plans are going up by as much as 40% in some state it is now actually cheaper to get the Gold or Platinum plan will cost as much as Silver in the end. The deductibles, drug costs, and co pays are lower and coverage is better than the Silver plans. It also depends on if you receive subsidies or get the reduced tax credits like I do. My Silver plan went up 30% after the fucking moron signed the exec order. Before he did that it was going to increase 12%. I haven't called Covered CA yet since I want all the bugs worked out first as well as the fact that I do not want to hear that 40% of my disability income will go toward my health insur now.
Ferrets are Cool
(21,109 posts)Cicada
(4,533 posts)100 times more for a less generous plan. Plus the Gold plan is basically free. Crazy in the extreme.
The craziness also varies in random ways based on zip code and income. Trump government is in the twilight zone.