Government Subsidies & How They Determine Our Future

[jmilber]

Hey all,

So it seems that the main purpose of purchasing insurance through an exchange is that it is the only way to get government subsidies.... This is one of our biggest threats since it is becoming more and more apparent that exchanges will provide us the least, if any, comissions.

That being said, it seems that our future depends on the nature of these subsidies-- the magnitude of them, and the amount of income you need to make to qualify for them.

Our insurance business will depend on explaining to people why they will have more benefit from the premiums savings of being out of the exchange compared with the tax benefit of being in one. Since out of exchange plans will be less regulated, its possible there could be some substancially more competetive plans out of the exchange. That will be our savior if true since there will be some tangible reasons to go out the exchange.


Anyone know the details about the subsidies you could share with us?

 

[jbage007]

yeah, they're gonna bankrupt the country. what else do you need to know? I mean, really.

 

[AllenChicago]

Hey all,

So it seems that the main purpose of purchasing insurance through an exchange is that it is the only way to get government subsidies.... This is one of our biggest threats since it is becoming more and more apparent that exchanges will provide us the least, if any, comissions.

That being said, it seems that our future depends on the nature of these subsidies-- the magnitude of them, and the amount of income you need to make to qualify for them.

Anyone know the details about the subsidies you could share with us?

JMilber, here is a link to a Subsidy Calculator that is kept up to date by the Kaiser Foundation..
Link: Health Reform Subsidy Calculator

We've discussed this in another thread, but that was probably before you joined the forum.

BTW..thanks for replying to my question of Exchange vs. Non-Exhange health plans ealier today.

Allen