2014 Subsidy Calculator for Expensive Exchange Policies

[TXINSURANCE]

Re: 2014 SUBSIDY CALCULATOR for Expensive Exchange Policies.

Subsidies for a family of 4 into the $90,000 range. Wow. I am not saying $90,000 for a family of 4 is rich, but it is certainly not poverty.

With the increase in anticipated rates due to mandates, less competition and GI (of course everyone knows we will have GI and no mandate...), any subsidy is likely offset by rate increases accept on the very bottom of the income tiers.

 

[somarco]

If the employer gives the employee a $5,000 raise, won't
That make his subsidy tax-credit lower? Looks like a pay
Raise lowers the subsidy proportionately.

There is no reason to give a pay raise when the govt has more money than the employer and is willing to freely give that away. Also, unlike most businesses, the govt has no competition. They can raise prices (taxes) at will without worry of losing "market share".

Subsidies for a family of 4 into the $90,000 range.

I don't know what ages you put in, but change the ages around a bit. Use the $90k then look at the subsidy for age 35 vs 50. Yes, the premium rises for 50 vs 35 but so does the subsidy. Old farts like me will get more taxpayer dollars than a young stud like you.

 

[Crabcake Johnny]

Looks like I'll be sitting this one out since there's not a shot in hell I'm paying over $1,000 a month for health insurance.

That would completely erase my son's college savings and put a nice dent into family savings. Oh...zero vacations.

There are going to be many issues with this. Even at 60K, a family of 4 would need to pay just over $400/mo.

Got news for you - the typical family of four with a combined household gross income of 60K can't afford $400/mo.

Watch for this to implode before it's implemented.

And if you really want to have fun, plug in $100K a year for a family of 5, 55 years old. 20K a year in premiums. Yeah....right.

 

[jbage007]

My sad suspicion is that the Kaiser page grossly underestimates the actual premium cost, beginning in 2014.

It is going to get REALLY ugly.

 

[Crabcake Johnny]

I actually agree. No a shot that the premium for my family, GI with all of those mandated benefits will be 13K a year. More like 25K a year. I'm 43 - family of 3.

 

[CHUMPS FROM OXFORD]

"Mandated benefits." That's the reason I'm hoping that somehow, policies sold outside the Exchange will not be subject to a fine. Healthy, fairly affluent folks, and even those with moderate conditions (HBP etc...) might be attracted to the rates.

 

[Crabcake Johnny]

This is where I think the fix is in which would be a logical reason the carriers basically gave into all of this.

The paragraph about excepted coverage sold outside the exchange is just that...a single undefined paragraph. Basically, the carriers get to do what they want.

It does state, however, that in order to sell outside of the exchange, you must sell plans in the exchange. This stops "also ran" companies from opting out of the exchanges but still competing.

(2) SEPARATE, EXCEPTED COVERAGE PERMITTED.—Nothing in—10 (A) paragraph (1) shall prevent the offering of excepted benefits described in section 2791(c) of the Public Health Service Act so long as such benefits are offered outside the Health Insurance Exchange and are priced separately...


''(2) EXEMPTION FOR CERTAIN POLICIES.—The term 'specified health insurance policy' does not include any insurance if substantially all of its coverage is of excepted benefits described in section
22 9832(c).

 

[GreenSky]

Wouldn't it be easier to ask Queen Pelosi what it means? By now she should have read the bill.

Rick

 

[ABC]

I need some help here

So

Unsubsidized health insurance premium in 2014 adjusted for age.........Is this the amount the insured has to pay?

Actual person/family required premium payment.......is the amount they will pay after the tax credit?


So the insured is still laying out the unsubsidized health premium each month?

Then waiting for the tax credit at the end of the year?

 

[HealthGuy]

Complete cluster F...Where is Princess Pelosi for a ruling on this s*&t ?