- 3,384
Don't forget, PPACA requires any insurance company wanting to sell plans outside of the exchange must provide plans into the exchange. It's forced compliance. They are also prohibited from charging less premium outside of the exchange.
HHS Major Announcement Coming on Monday
- Thread starter Yagents
- Start date
Don't forget, PPACA requires any insurance company wanting to sell plans outside of the exchange must provide plans into the exchange. It's forced compliance. They are also prohibited from charging less premium outside of the exchange.
The Exchange subsidies only last 2 years. Wonder what happens when folks not only see the much higher premiums but have to pay them without a taxpayer subsidy?
Congress can't keep their mitts off the Medicare & SS trust fund which is why we are having problems now. If they can't run Medicare and Medicaid they surely can't make this work.
Makes you wonder what they are smoking up there.
Congress can't keep their mitts off the Medicare & SS trust fund which is why we are having problems now. If they can't run Medicare and Medicaid they surely can't make this work.
Makes you wonder what they are smoking up there.
- 10,275
"They are also prohibited from charging less premium outside of the exchange." Ouch. That hurts us.
- 1,007
how can that be? makes no sense.
- 10,275
It does make no sense. Maybe someone can add some insight on that.
- 3,352
Somarco: For real? The exchange subsidy only lasts the first two years? WTF? Not heard that! But I believe you.
- Thread starter
- #18
To avoid adverse selection. Same plan, same price, in or outside the exchange. If you can buy the same thing for cheaper outside the exchange, only the unhealthy people would buy from the exchange.
- 3,384
Another interesting tidbit on PPACA, the "Catastrophic" plan option will only be available to certain people who want to buy it. Some of the requirements to buy that plan are that you must be under 30 years of age and have a waiver from the individual mandate. There also may be an income stipulation on it as well. So, most people won't be able to buy the Cat plan and will have to go with Platinum, Gold, Silver or Bronze.
Also, while the exchanges will be "a" market, remember that it's to FPL 400% meaning a family of four making about 90k will qualify for subsidy.
Also, while the exchanges will be "a" market, remember that it's to FPL 400% meaning a family of four making about 90k will qualify for subsidy.
- Thread starter
- #20
The subsidy does not end. BTW, it's an "advanced tax credit" supposedly. I believe the 2 yrs of subsidy is for small group plans to entice them to get coverage
Similar threads
