Daily Archives: September 27, 2013

Some Nebraskans’ premiums to triple under ObamaCare

Some Nebraskans’ premiums to triple under ObamaCare | Fox News.

Todd Blome’s phone has been ringing off the hook this week with clients seeking tax advice after learning they’ll get a “shocking increase” in their health insurance premiums when Obamacare’s health insurance exchanges begin operating.

Letters have been landing in mailboxes all over Nebraska explaining the impact Obamacare will have on people who buy insurance coverage on their own, rather than through work.

Blome, a Lincoln accountant, understands: He got a letter, too.

Blue Cross Blue Shield Nebraska informed Blome his health care plan will terminate at year’s end, and if he wants to move to a similar plan his new premium will go up 65 percent, costing him nearly $4,000 more per year.

He distinctly remembers President Obama looking into TV cameras and assuring Americans they would be able to keep their doctors, and policies.

His letter says otherwise.

“Stupid me, I took the president literally,” Blome said. (emphasis added)

That’ll teach him. Bet he won’t make that mistake again.  😉

Unfortunately, Tom most likely “lives” in the land of “no subsidy” and with no voice.


Obamacare is Real Insurance so… It’s Better than You Think

Obamacare: It’s Better Than You Think | Dean Baker.

This is good news. It means that tens of millions of people who are uninsured now will likely be insured in the next year or two as a result of the Affordable Care Act (ACA). However, this is actually the less important aspect of the program. The more important part is that those of us who now have insurance will have real health care insurance for the first time. (emphasis added)

My response to this claim is…


Hmmm. I guess the money my individual policy paid out for my daughter’s seven stays at Children’s Hospital was fake money since it wasn’t from a “real’ insurance policy. Oh and that is easily over $200,000 of fake money.

Believe me, I was very happy to have that “not real” insurance. In fact, I plan on keeping it since it’s a grandfathered plan. Guess is must be OK? Or the more obvious conclusion is that I’m a stupid neanderthal.


Colorado Subsidy Calculator

Alert readers may notice I added a link at the top of the right hand column to the subsidy calculator at the Connect for Health Colorado Marketplace website. This is an updated calculator that uses actual premium data to determine your monthly subsidy amount. It should give you a good approximation of actual subsidy and if you qualify for a subsidy.


From Bronze to Platinum Plans, What Will New Insurance Exchange Premiums Cost?

Excellent video/article: From Bronze to Platinum Plans, What Will New Insurance Exchange Premiums Cost? | PBS NewsHour | Sept. 25, 2013 | PBS#disqus_thread.

Among the details released today: Customers will be able to choose from a variety of plans, ranging from lower-cost plans in a bronze or silver category with less coverage to higher-cost ones known as gold or platinum with greater coverage and benefits.

The average monthly premium for an individual buying insurance through one of the cheaper options will be $328 a month. Then it gets complicated.




Obamacare trade-off: low premium, high deductible – Yahoo News

I’m not sure how to tell them, this tradeoff has always exists. Obamacare trade-off: low premium, high deductible – Yahoo News. Perhaps common sense is too much to ask for from a msm reporter.

You might be pleased with the low monthly premium for one of the new health insurance plans under President Barack Obama’s overhaul, but the added expense of copayments and deductibles could burn a hole in your wallet.

Also, you might NOT be pleased with monthly premiums that aren’t quite so low!

Keep in mind that Silver plans have special features to assist with out of pocket expenses if your income is between 133% and 200% of the Federal Poverty Level. You can read more about this feature called Cost Sharing Reduction (CSR) over at HealthPocket. I will add a post and additional information on the website in the near future.


Health insurance terms most don’t know but should

Get up to speed on health insurance terminology – Obamacare: Health insurance terms most don’t know but should – CNN.com.

If you don’t know what all those health insurance buzz-words like “co-pay” and “premium” mean, you’re not alone. Most Americans probably don’t understand all the basic health care terminology, which could be a serious disadvantage when choosing a plan during open enrollment.


Obamacare notice to employees: Same deadline, no penalty

Update on ObamaCare Letters: Oct. 1 Deadline Stands, But No Fines or Penalties for Not Sending Letter | Fox Small Business Center.


Sept. 12 Update: The below report was originally published on Sept. 9. On Sept. 12, the SBA posted a blog stating “there is no fine or penalty under the law for failing to provide the notice.” But also said the letter deadline stands, meaning if “your company is covered by the Fair Labor Standards Act, you must provide a written notice to your employees about the Health Insurance Marketplace by October 1, 2013.”

You can get froms, either generic or Colorado specific on the resources web page (scroll down to Business Owner Notification….).