I have looked all over for information on this and I am wondering if it is true. Will the PPACA force some currently insured folks onto the Medicaid rolls?
Take me for example- I have an individual BCBS plan I enrolled in when I first got my licenses. I quit my job and saved up a nest egg and started as a p/c/life producer for my grandfather's agency. I am paid on a commission+ basis, and my income this last year was down (thanks to loss ratios I didn't get a bonus). According to the rules, my income this year would put me right out of the exchanges and right into Medicaid. I saved up a lot to do this, and now, thanks to a lower income, could I lose my coverage? I don't know if my plan is grandfathered or not as it does not include prenatal care by my choice. (Why would I pay for something I don't need/want?) Premiums could go up to, in order to cover this, and I don't know if that would be affordable for me. Sorry if this question is stupid, but I have only been doing this for about two years and I know nothing about the health side of insurance and what I have read is more and more confusing. It doesn't help that the agent I used to begin with has gotten out of the business/retired. Any help or input would be appreciated.
Take me for example- I have an individual BCBS plan I enrolled in when I first got my licenses. I quit my job and saved up a nest egg and started as a p/c/life producer for my grandfather's agency. I am paid on a commission+ basis, and my income this last year was down (thanks to loss ratios I didn't get a bonus). According to the rules, my income this year would put me right out of the exchanges and right into Medicaid. I saved up a lot to do this, and now, thanks to a lower income, could I lose my coverage? I don't know if my plan is grandfathered or not as it does not include prenatal care by my choice. (Why would I pay for something I don't need/want?) Premiums could go up to, in order to cover this, and I don't know if that would be affordable for me. Sorry if this question is stupid, but I have only been doing this for about two years and I know nothing about the health side of insurance and what I have read is more and more confusing. It doesn't help that the agent I used to begin with has gotten out of the business/retired. Any help or input would be appreciated.