I really liked my company’s “Buy Up” medical insurance plan, which allowed for lower copays and additional coverage for a higher monthly premium.
The Obama regime called the “Buy Up” a “cadillac, gold plated” policy, which is why my company is discontinuing it. I certainly don’t blame my company, which already pays the vast majority of my premiums as a “benefit,” since they needed to avoid the 40% tax the regime was going to hit them with.
As usual, any time the government names something, like “affordable,” you can take to the bank it’s going to be far LESS affordable. In my case, I’ll be spending at least an additional $4000 a year in medical expenses, which used to be covered. But at least it should allow me to take the medical deduction on my taxes next year, even though they raised the minimum you have to spend in order to deduct it, as well as the amount you can deduct.
Thanks to Nan, Harry, and of course, Barkey, I won’t be participating in the economic recovery next year!
Mark
10,000 a year here and not only is the premium going up, but my deductible is going up with it.