Posted on 10/11/2013 12:09:01 PM PDT by 1raider1
I am a retiree on a pension. My 2014 employer provided enrollment form arrived today. According to the booklet provided, if I remain on this plan (AnthemPPO) my monthly premium will increase 66.5% for health and hospital, and 67% for dental, or $180 and $18/mo respectively, to keep the coverage that I now have. I went online to an ACA calculator and with our income, our monthly premium worked out to, with subsidy, $150/mo. That's less than the increase for the employer provided coverage AND it's for the silver plan which is probably as good as what I now have. Can somebody here convince my why I shouldn't switch plans?
Your private insurance provider is accountable to the company’s stockholders, Obastardcare is not accountable to anybody but the IRS. If you leave your private plan, it’s probably a one-way ticket. Everybody’s private insurance is going up, so don’t feel alone.
We’re all sweating that open-enrollment welcome letter. I don’t know about you, but I’ve stressed it every year for the past three.
Don’t know what it’s all about but I wouldn’t worry about the complainers. Each of us must make our own personal decisions tax-wise. doesn’t make any sense not to take all the deductions you’re “entitled” to and to not pay any more taxes than you’re liable for. Thanks!
I guess you’re doing OK Jim?
You should change and your employer’s insurance company is giving you the incentive and push to do so with higher premiums.
You will make the very logical choice to go on the government insurance—and save the employer lots of money in the bargain.
What company wants to hold their retirees on a employee benefit, especially when they are approaching the years where they will have the most illnesses and expenses.
The whole way we have delivered retirement benefits from large companies to retirees is about to change. They gave you a nice retirement benefit, but now you have another option so they don’t feel that they have to provide it to you any longer.
But if the national health care program doesn’t get a massive increase of young healthy folks to enroll (and this means fully enrolled because the new benefit to give them their parents coverage until 26 isn’t going to produce revenue to pay for your costs)then Obamacare will quickly become a financial nightmare.
Doing great! Thanks!
That’s wonderful. Miss Slippy and I have been (and will be) in there for you and Sheila, Chris and John. Much love, over and out.
I realize everyone’s private insurance premiums are going up. My question was, can anyone convince me not to go with ACA and invest the $4900.00 per year premium savings.
Premiums are only 1/2 of the equation. You need to find out what is at your end, the payout. What good is it to save $5K in premiums if you have to pay out $6K more in deductibles?
Stick around.
No, like people getting a $5000 Earned Income Tax Credit (Refund) without paying any Income Taxes in the first place.
Lowering a Tax Liability using Legal means is not the same as Welfare, unless you think like a Democrat of course.
I am pretty sure it is gross. Assuming they will let you switch you would need to make sure you're getting the coverage you really need. Besides access to your doctors, copays, and deductibles there is the issue of out of network coverage. If you like to travel as a retiree it might be beneficial to have that coverage.
Sounds to me like you will have to sign on to find out what the actual coverage is. Although, if you know who the insurance carriers are in you area you should be able to do a web search for the unsubsidized coverage details to find out what is going on..
Pretty pathetic Opus, if you ask me. Please do a really good one, and post a thread. That’s how it’s done.
what is the deductible?
That is a good question
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.