Here is his OBAMACARE cost for a middle class family of 4 with two wage earners -- $ 35,000 each or $ 70,000 in San Antonio, Texas -- they can not afford this insurance . . This is the real problem. From his web site.
From the healthcare web site -- to Kaiser
about this tool
Enter Information About Your Household
1.Select a State?
Enter your zip code
2.Enter income as
3.Enter annual income (dollars)?
4.Is employer coverage available??
5.Number of people in family?
6.Number of adults (21 and older) enrolling in exchange coverage
Age? Uses Tobacco? ?
Age? Uses Tobacco?
7.Number of children (20 and younger) enrolling in exchange coverage
How many Children use Tobacco?
The information below is about subsidized exchange coverage. Note that subsidies are only available for people purchasing coverage on their own in the exchange (not through an employer). Depending on your state’s eligibility criteria, you or some members of your family may qualify for Medicaid.
Household income in 2014:297% of poverty levelMaximum % of income you have to pay for the premium, if eligible for a subsidy:9.42% Health Insurance premium in 2014 (for a silver plan, before tax credit):$7,349 per year You could receive a government tax credit subsidy of up to:$755 per year
(which covers 10% of the overall premium) Amount you pay for the premium:$6,594 per year
(which equals 9.42% of your household income and covers 90% of the overall premium)
OTHER LEVELS OF COVERAGE
The premium and subsidy amounts above are based on a Silver plan. You have the option to apply the subsidy toward the purchase of other levels of coverage, such as a Gold plan (which would be more comprehensive) or a Bronze plan (which would be less comprehensive).
For example, you could enroll in a Bronze plan for about $4,427 per year (which is 6.32% of your household income, after taking into account $755 in subsidies). For most people, the Bronze plan represents the minimum level of coverage required under health reform. Although you would pay less in premiums by enrolling in a Bronze plan, you will face higher out-of-pocket costs than if you enrolled in a Silver plan.
OUT OF POCKET COSTS
Your out-of-pocket maximum for a Silver plan (not including the premium) can be no more than $12,700. Whether you reach this maximum level will depend on the amount of health care services you use. Currently, about one in four people use no health care services in any given year.
You are guaranteed access to a Silver plan with an actuarial value of 70%. This means that for all enrollees in a typical population, the plan will pay for 70% of expenses in total for covered benefits, with enrollees responsible for the rest. If you choose to enroll in a Bronze plan, the actuarial value will be 60%, meaning your out-of-pocket costs when you use services will likely be higher. Regardless of which level of coverage you choose, deductibles and copayments will vary from plan to plan, and out-of-pocket costs will depend on your health care expenses. Preventive services will be covered with no cost
OTHER COVERAGE OPTIONS
Children and young adults under age 30 are eligible to purchase catastrophic coverage. With a catastrophic plan, you would pay out-of-pocket for most health services until you reach the annual limit on cost sharing ($12,700 in 2014). However, preventive services are covered with no cost sharing required.
Comments are closed.
Enter your email address to subscribe and receive notifications of new posts by email.