What was it like before Obamacare?

[Yagents]

Isn't there a way to incorporate yourself and then pay yourself a salary that would qualify you for a subsidy?

You might want to learn tax codes. Salary is just a portion of AGI, leftover S corp profits go on a K1 and are included in AGI

 

[AgentGeneral]

I still have my United Healthcare PPO pre-Obamacare plan. The rates have gone up every year a huge amount. I pay over $30,000 a year to cover me and my wife. I have two more years before I get on real Medicare, and a supplement.

So did my spouse until the 1st of this December.

His was an old Golden Rule plan one deductible, 100% plan on it since 2009. Premium was stable, had a vanishing deductible that was $1500. For years. He had to stay on it, as anything else wouldve been much higher

It started out a PPO, then the network was switched to UH.

Glad that's over His premium was over $900 until this month he's happy for Medicare today. ha

 

[AgentGeneral]

Pre obamacare. Raised 3 kids mostly up, on my own very comfortably preobama doing a ton of U65, assurant was the bread and butter, followed by golden rule, american community, world. We all new it was coming and was warned for a long time before it happened .. Had plenty of time to prepare. That was the only decent part. I had time to plan way ahead and did before U65 as we knew it went down the $shitter$$

Pre Obama was my first experience at a grown up job that fully supported my household without two parents. It was also very nice for small business owners who had many choices for their health care needs. Even those with pre existing had options that were around the tune of $400/500 a month for an average family of 4. Remember Obama lying about your premiums will go down and you'll be able to keep your doctors of choice. Ha

We also had nice health plans for college kids and young adults. Young Blue. $50 a month.

I left the U65 and focused on new horizons

Watched many small business owners who had money lose their minds, businesses and money. Many took their money and started hiding it out of banks and working for more cash....was one thing I witnessed more of---taxpayers trying to hide what they did make just to be able to afford health care and get the subsidies.

Almost cracked when I listened to politicians say they were all for small business owners as this was how our country was built. Demo polis claiming they were ALL for small biz owners was icing on the cake.

The group most hurt were small business owners. It was a total disaster and we still feel it today. People with group options, teachers, government workers, poor people on medicaid. All good. The rest of the folks who helped build this country were hurt.

That move was the first HUGE sign they were against small business owners that the foundation of this country was built to moving toward socialism since I've been alive.

I tried to get back into it, but I'm too old school and started when it was good. No ones going to get me to spend time on bs commissions that put me at too much risk and just irritated the entirety of my client base. I didn't have a good experience trying to do obamacare. I was very successful with it pre O.

I do it now, but not much and with only two carriers, and BY GOD the client better not be lying about their income.

This single most irritating issue with it for me is, "Oh I only make a small amount of income" then find out after we get them enrolled with a subsidy, "oops I forgot about the 130k I just cashed out of my retirement plan..." for my own reasons, I stay away from it as much as I can. I didn't want to deal with the headache that came with lies I couldn't control and I couldn't even blame the people lying.

 

[AgentGeneral]

I didn't care about the qualifying. If they didn't they got BCBS and those premiums weren't too bad back then. If they did I'd actually leave the office and go see them.

Stibroker. I lived for sitting with people on NASE plans. Oh...the good old days. LOL.

 

[bill3173]

It was frightening, a 25 year old could get a comprehensive major medical for under $75 a month. A sixty two year old male could get a policy with a $7500 Moop for under $200/mo. An Rx ded of $500 was considered quite high, and some carriers offered $200 and $0 Rx Ded. Some carriers offered two and three year "rate locks", which were very attractive for forward thinking people with a littl extra money.

People weren't stuck on group plans with high premiums, they could get an individual plan that suited them, and in many cases, get a stipend from the company. States like NC had a state plan that had reasonable premiums(by today's standards), and no underwriting.

The cost of Medical Care, without insurance, wasn't more than a fraction of what it is now. It was indeed a horrible situation. As for Agents, they had to work a little harder, there was competition, but it really wasn't that bad once you got into it.

 

[hockeyday]

I'd say a full 40-50% of people on aca don't qualify for it . 80% of that 40-50% who don't qualify are either unemployed with zero income or make under the minimum of $14,580 for 2024 . If Trump gets in you can guarantee the subsidy's will be cut big overall . I got people bitching like hell when there family premium goes from $150 a month to $220 . When it goes to $500 or more which is still dirt cheap they'll drop it . Most things are locked in until the end of 2025 . The agent in big jeopardy selling aca .When trump cuts the program up commissions will collapse or go away .The last yr we lost Bright and Friday . This yr I bet we lose more . United and Aetna have made little inroads since getting back in . Cigna had huge rate increases in many states after low balling to gain entry in mkts . Many countys still only have 2-3 players .

Yap Trump is going to take Medicaid and turn that up side down , there goes the dual market, ssdi done millions will be cut off , aca will be a drop in the bucket. Millions will lose health insurance and hospitals and health departments all over the country will close, public colleges all over the place will have their funding cut ending the medical training programs that on the envey of the world, buckle up butter cup

 

[DonP]

Yap Trump is going to take Medicaid and turn that up side down , there goes the dual market, ssdi done millions will be cut off , aca will be a drop in the bucket. Millions will lose health insurance and hospitals and health departments all over the country will close, public colleges all over the place will have their funding cut ending the medical training programs that on the envey of the world, buckle up butter cup

I'll covert all my duals to regular plans . They still have Medicare . That's 3 yrs down the line anyways . I sell Medicare because I enjoy it . I could lose all my renewals new week and it wouldn't effect my lifestyle .

 

[hockeyday]

I'll covert all my duals to regular plans . They still have Medicare . That's 3 yrs down the line anyways . I sell Medicare because I enjoy it . I could lose all my renewals new week and it wouldn't effect my lifestyle .

U65 and on Medicare done gone bye bye, that's 18 months , he will go after the so called entitlement programs on day 1, low income , sick, will be kicked to the curb by his boy hilter Miller,

 

[Yagents]

Aca ain't going anywhere. Only thing that will change is going back to 400% FPL subsidy cliff in 2026. No way any divided congress will extend ARPA tax credits. It's obscene that a family making 300k gets financial help

 

[bill3173]

Aca ain't going anywhere. Only thing that will change is going back to 400% FPL subsidy cliff in 2026. No way any divided congress will extend ARPA tax credits. It's obscene that a family making 300k gets financial help

What's obscene are the premiums for a family at any income level. There are no serious price controls on the Medical side, so the Rate Adjustments need to track the ridiculous spiral upwards..