QUESTION, BUT FIRST PLEASE READ THIS:
“The penalty for failing to carry qualifying health insurance coverage varies with household size, income, and year. In general, the penalties for non-compliance will be assessed as follows:
For individuals (whichever is greater):
2014 $95 or 1% of income above tax filing threshold
2015 $325 or 2% of income above tax filing threshold
2016 $695 or 2.5% of income above tax filing threshold
For families (whichever is greater):
2014 $285 or 1% of income above tax filing threshold
2015 $975 or 2% of income above tax filing threshold
2016 $2085 or 2.5% of income above tax filing threshold
HERE’S THE QUESTION:
Assuming you are reasonably healthy and can afford to buy your own birthcontrol, and doctor visits for the sniffles, why not just pay the penalty then, if something catastrophic happens, buy the GOLD PLAN (the one the Congress has)? Wouldn’t you be money ahead? The terms of “obamacare” say you can not be denied coverage for pre-existing conditions, so why not?
the problem with that is the open enrollment period.
“The period of time during which individuals who are eligible to enroll in a Qualified Health Plan can enroll in a plan in the Marketplace. For 2014, the Open Enrollment Period is October 1, 2013–March 31, 2014. For 2015 and later years, the Open Enrollment Period is October 15 to December 7 of the previous year. Individuals may also qualify for Special Enrollment Periods outside of Open Enrollment if they experience certain events. (See Special Enrollment Period and Qualifying Life Event)”
if you don’t sign up in the open enrollment, you can’t sIgn up until the next year. at least that is how i understand it.
the problem is that “access to healthcare” and “healthcare coverage” are not the same thing as “receiving healthcare”. Although there are some plans that appear to havre premiums that are downright affordable to someone who has has a real job, these are just PREMIUMS to access. The copays and deductibles are so high that people who opt for these plans because it’s all they can afford still can’t afford actual carebso they’re now paying for access to healthcare they can’t afford anyway.
By the way…although the HHS website is down most of the private sector websites run by the insurance companies are up and and running and accepting enrolment for ACA plans. Who would have thunk it – private sector is better at something than government.
QUESTION, BUT FIRST PLEASE READ THIS:
“The penalty for failing to carry qualifying health insurance coverage varies with household size, income, and year. In general, the penalties for non-compliance will be assessed as follows:
For individuals (whichever is greater):
2014 $95 or 1% of income above tax filing threshold
2015 $325 or 2% of income above tax filing threshold
2016 $695 or 2.5% of income above tax filing threshold
For families (whichever is greater):
2014 $285 or 1% of income above tax filing threshold
2015 $975 or 2% of income above tax filing threshold
2016 $2085 or 2.5% of income above tax filing threshold
HERE’S THE QUESTION:
Assuming you are reasonably healthy and can afford to buy your own birthcontrol, and doctor visits for the sniffles, why not just pay the penalty then, if something catastrophic happens, buy the GOLD PLAN (the one the Congress has)? Wouldn’t you be money ahead? The terms of “obamacare” say you can not be denied coverage for pre-existing conditions, so why not?
@1 Ruth Rose
the problem with that is the open enrollment period.
“The period of time during which individuals who are eligible to enroll in a Qualified Health Plan can enroll in a plan in the Marketplace. For 2014, the Open Enrollment Period is October 1, 2013–March 31, 2014. For 2015 and later years, the Open Enrollment Period is October 15 to December 7 of the previous year. Individuals may also qualify for Special Enrollment Periods outside of Open Enrollment if they experience certain events. (See Special Enrollment Period and Qualifying Life Event)”
if you don’t sign up in the open enrollment, you can’t sIgn up until the next year. at least that is how i understand it.
the problem is that “access to healthcare” and “healthcare coverage” are not the same thing as “receiving healthcare”. Although there are some plans that appear to havre premiums that are downright affordable to someone who has has a real job, these are just PREMIUMS to access. The copays and deductibles are so high that people who opt for these plans because it’s all they can afford still can’t afford actual carebso they’re now paying for access to healthcare they can’t afford anyway.
By the way…although the HHS website is down most of the private sector websites run by the insurance companies are up and and running and accepting enrolment for ACA plans. Who would have thunk it – private sector is better at something than government.
@1 Ruth Rose
here is an article exactly on point:
http://talkingpointsmemo.com/dc/insurers-tell-congress-beware-rate-shock-if-obamacare-enrollment-extended