Sunday, March 10, 2013

SO YOU THOUGHT YOUR HEALTH INSURANCE RATES WOULD NOT GO UP?



Here’s an article from the Raleigh N&O… apparently only one health insurance plan IN 50 is in compliance with all the required coverages in Obamacare.  AND – this is the big red flag:  the other 49 private insurers are MANDATED to make their coverage comply by JANUARY, 2014.

A recent analysis found
“…one in four [private health insurance providers] offered pediatric care and only 8 percent covered dental checkups for children.  About one-third covered maternity and newborn care and just over half covered services to deal with substance abuse.
These and other coverage areas are considered “essential health benefits” under the health care law.  All health insurance plans in the individual and small-business market must offer them beginning next year. But “we couldn’t find a single plan that had every feature fully satisfied,” said Kev Coleman, the head of research and content at HealthPocket.
The law, which critics have long labeled “Obamacare,” requires that health plans offered to individuals and small employers provide coverage in 10 categories: ambulatory patient services; emergency services; hospitalization; maternity and newborn care; mental health and substance use disorder services, including behavioral health treatment; prescription drugs; rehabilitative services and devices; laboratory services; preventive and wellness services and chronic disease management; and pediatric services, including oral and vision care.”
Now…. If you think you will be getting all this with your current insurance policy and THE PREMIUMS WILL NOT GO UP, please raise your hand - and explain how you came to that conclusion. 



3 comments:

  1. This year, my son in-law's insurance for his family, now takes half his paycheck. He was one of those that Obamacare was sold on to lower his cost. None the less, he is quite pissed.

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    1. IRS REG-148500-12: Example 3. Family without minimum essential coverage. (i) In 2016, Taxpayers H and J are married and file a joint return. H and J have three children: K, age 21, L, age 15, and M, age 10. No member of the family has minimum essential coverage for any month in 2016. H and J’s household income is $120,000. H and J’s applicable filing threshold is $24,000. The annual national average bronze plan premium for a family of 5 (2 adults, 3 children) is $20,000.

      But when you get into the weeds, there are limited tax CREDITS for the premiums, which I'm sure will decrease and ultimately disappear over time - much like the threshhold for the standard medical deduction NOW has crept higher over the years.

      I also heard on the radio today that the government is checking into making some cell phones with 'health apps' taxable as 'medical devices'.... e.g. You send your BP or blood sugar numbers to your doctor via your smartphone - that is now a 'medical device' and you would pay an additional 2.3% tax on your monthly cell phone bill.

      Makes you really wonder what the Cadillac plan will cost, doesn't it?

      As I said - bend over and grab 'em!

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  2. I just hope this health insurance thing could be more affordable and sustainable for everybody because this really helps so much. Thanks for posting!

    -PremierFlood.com

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