ACA Vs Private Healthcare
- Thread starter EugeneM
- Start date
- 4,716
Really??? Have you ever heard about somebody being declined health insurance from their employer sponsored plan?
- Thread starter
- #13
- 692
should have posted in Rants and Raves my mistake.
heres the link
https://www.facebook.com/photo.php?v=10152169848997747&fref=nf
you dont need a facebook Megan Kelly with some strong words
heres the link
https://www.facebook.com/photo.php?v=10152169848997747&fref=nf
you dont need a facebook Megan Kelly with some strong words
Last edited:
EugeneM, you are a little mistaken in how it works.
Obamacare is not an insurance plan, it's a law. Well, actually, it is a slang term for the law, and the law is the Affordable Care Act, formerly known as Patient Protection and Affordable Care Act.
So, the plans that these 8 million people bought through the Exchange (whether it was the Federal Marketplace, or a state-run marketplace/exchange like California's exchange), are PRIVATE insurance plans. Yes. They just bought them through the exchange. The exchange acted like another layer of insurance agency, adding fees to the premium for the privilege of letting these private insurance plans be listed for sale on their exchange/marketplace website.
Otherwise, they are the same plans that you can buy outside of the exchange/marketplace website. Yes. The same. The same benefits, the same rates, the same insurance company.
The only difference with buying it on the exchange are these:
1. You may qualify for a tax-payer funded subsidy to lower your premium or your cost sharing, if your income is low enough.
2. You must use the Exchange for everything - from enrollment, to plan changes, to notifying them of a change of address or change of income, or addition of a child, or even for terminating your plan.
3. The Exchange got a fee (similar to a commission) for being this behemoth insurance agency. Yes, the regular commission paid to an insurance agent remains the same, but this exchange fee is on top of that.
Other than that, the plans that you bought through the exchange are also available off the exchange. Off the exchange, there are more plans available than those that are on the exchange, though.
So, bottom line. Was all of this gigantic website/hoopla/extra-insurance-agency layer really necessary to get this done? If you think that was efficient, necessary, and worthwhile, then good luck to you.
Obamacare is not an insurance plan, it's a law. Well, actually, it is a slang term for the law, and the law is the Affordable Care Act, formerly known as Patient Protection and Affordable Care Act.
So, the plans that these 8 million people bought through the Exchange (whether it was the Federal Marketplace, or a state-run marketplace/exchange like California's exchange), are PRIVATE insurance plans. Yes. They just bought them through the exchange. The exchange acted like another layer of insurance agency, adding fees to the premium for the privilege of letting these private insurance plans be listed for sale on their exchange/marketplace website.
Otherwise, they are the same plans that you can buy outside of the exchange/marketplace website. Yes. The same. The same benefits, the same rates, the same insurance company.
The only difference with buying it on the exchange are these:
1. You may qualify for a tax-payer funded subsidy to lower your premium or your cost sharing, if your income is low enough.
2. You must use the Exchange for everything - from enrollment, to plan changes, to notifying them of a change of address or change of income, or addition of a child, or even for terminating your plan.
3. The Exchange got a fee (similar to a commission) for being this behemoth insurance agency. Yes, the regular commission paid to an insurance agent remains the same, but this exchange fee is on top of that.
Other than that, the plans that you bought through the exchange are also available off the exchange. Off the exchange, there are more plans available than those that are on the exchange, though.
So, bottom line. Was all of this gigantic website/hoopla/extra-insurance-agency layer really necessary to get this done? If you think that was efficient, necessary, and worthwhile, then good luck to you.
A campaign promise ..............................
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