Captain Rick: California has published prices for its ‘Silver Plan’ for ‘Obamacare’ in compliance with the Affordable Care Act. Some potential participants may be surprised at the figures: $2,000 deductibles, $45 primary care visit co-pays, and $250 emergency room tabs.
Those are just some of the charges enrollees will incur in a silver-level plan in California, which recently unveiled an overview of the benefits and charges associated with its exchange.
That’s on top of the $321 average monthly premium.
For some, this will be great news since it will allow them to see the doctor without breaking the bank. But others may not want to shell out a few thousand bucks in addition to a monthly premium.
Obamacare Refresher
People who don’t have ‘affordable health insurance’ through their employers will be able to sign up for coverage through state-based exchanges.
Enrollment is set to begin in October, with coverage taking effect in January.
You must have some form of coverage next year, or you will face annual penalties of $95 or 1% of family income (whichever is greater) initially and more in subsequent years.
Each state will offer four levels of coverage: platinum, gold, silver and bronze. Platinum plans come with the highest premiums, but lowest out-of-pocket expenses, while bronze plans carry lower monthly charges but require more cost-sharing. Gold and silver fall in the middle.
The federal government will offer premium subsidies to those with incomes of up to four times the federal poverty level. This year, that’s $45,960 for an individual or $94,200 for a family of four.
There will be additional help to cover out-of-pocket expenses for those earning less than 250% of the poverty line: $28,725 for a single person and $58,875 for a family of four. The subsidies are tied to the cost of the state’s silver level plans.
A 40-year-old enrolling in the Bronze Plan, the least expensive, could pay as little as $219 a month. But, if he did get sick, he’d get socked with a $5,000 deductible, $60 co-pays for primary care visits and a $300 emergency room charge.
Obamacare provides protection for those who need a lot of care by placing a cap on out-of-pocket expenses.
The maximum a person in an individual platinum plan will spend a year is $4,000, while those in the other tiers will shell out no more than $6,400.
Whether potential enrollees find these plans affordable will depend on how healthy they are and whether they are currently insured. Those currently insured will experience significant increases in their contribution levels to their healthcare costs in the future as their employers look to offset their added costs.
Obamacare is on a course to destroy America
Obamacare is a program that is being financed by debt dollars. Its costs are adding to the U.S. National Debt which now stands a staggering $17 trillion.
Obamacare is a program that will soon explode and help push America over the real ‘Fiscal Cliff’…on a journey to become a third world country.
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