Posted on 10/19/2014 5:33:16 AM PDT by Oldeconomybuyer
Yes!!!
Even worse, is the possibility of becoming ill or injured at the end of a calendar year, and having your medical expenses continue on into the next year.
You can get whacked for double the deductibles in just a couple of months' time.
When I first checked mine was going to be around $10,500 deductible.
My company still has it’s own care but costs are going up.
So the free healthcare was to be for the gov’t and healthcare ceo’s. They make the money!
“Obamacare is catastrophic care with a very large premium”
That sums it up. And it’s a catastrophic policy that few doctors take.
“The same way they cut the HCSA amounts by 50%”
Are those the health savings accounts with catastrophic coverage? Are they still allowed?
I tried to get one a few months ago and was told, “No.”
The HCSA accounts are a way to set aside pre-tax income to cover medical deductibles and other costs like prescriptions or elective surgery. At one time, an individual could set aside a max of $5000/year but what you didn’t use that year was forfeited. The amount for married couple was double that. The healthcare law cut those amounts in half. I know at least one couple that used well over 5K in prescription costs (out of pocket) and I used mine one ear to cover $3000 for Lasik surgery (not covered) for one eye.
Of course, you have to be working to take advantage of it. It’s not part of an insurance policy. The Republican plan not only wanted to increase the amounts you could save each year but do away with the annual forfeiture of unused funds and roll those amounts for use in the following years. I hope tha helps exlain it better.
“The Republican plan not only wanted to increase the amounts you could save each year but do away with the annual forfeiture of unused funds and roll those amounts for use in the following years. “
That would’ve been great. My husband is quitting work next year, we are escaping mexifornia, and starting businesses.
We could’ve used an HSA.
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