California's "health exchange" website is now active and features this fun calculator - Health Insurance Calculator | Covered California
A married couple age 60 making $62,000 can expect a monthly premium of $1,723, a tax credit of $1,232/month and estimated final premium of $491/month. A married couple age 60 making $62,500 can expect a monthly premium of $1,723 , a tax credit of $0, and estimated final premium of $1,723/month. Any econ majors want to calculate that marginal tax rate? That is for a policy with a $12,800 annual out of pocket max, which is higher than most of the individual plans offered today. Only $30k/year in premiums and $13k out of pocket? Wait, that’s only like….the entire annual salary after tax. Sure puts the "affordable" in Affordable Care Act. Surely everyone eligible for a salary increase from $62k to $63k would love to have such a promotion.
As of now, 2014 expected pricing has been released in two states, CA and TX. In both states, the 2014 cost of coverage is literally 3x the current cost. These plans will likely have limited regional networks and restricted pharmacy coverage.
Here's a link to Humana's plans in Texas - https://www.humana-one.com/secured/individual-health-insurance-quotes.aspx
Try inputting some fake info and getting a quote, you can use zip code 77005. All of the 2014 plans are labeled with Bronze, Silver, Gold, or Platinum. Notice the price of all of the other existing plans in comparison to the 2014 ones.
Example: 60-year-old couple with two kids. Current plans - $635-1,987/month. 2014 plans - $1,693-5,236/month.
Coming to a state near you in just 10 months, get excited.
But but but they told us that it would be cheaper
A married couple age 60 making $62,000 can expect a monthly premium of $1,723, a tax credit of $1,232/month and estimated final premium of $491/month. A married couple age 60 making $62,500 can expect a monthly premium of $1,723 , a tax credit of $0, and estimated final premium of $1,723/month. Any econ majors want to calculate that marginal tax rate? That is for a policy with a $12,800 annual out of pocket max, which is higher than most of the individual plans offered today. Only $30k/year in premiums and $13k out of pocket? Wait, that’s only like….the entire annual salary after tax. Sure puts the "affordable" in Affordable Care Act. Surely everyone eligible for a salary increase from $62k to $63k would love to have such a promotion.
As of now, 2014 expected pricing has been released in two states, CA and TX. In both states, the 2014 cost of coverage is literally 3x the current cost. These plans will likely have limited regional networks and restricted pharmacy coverage.
Here's a link to Humana's plans in Texas - https://www.humana-one.com/secured/individual-health-insurance-quotes.aspx
Try inputting some fake info and getting a quote, you can use zip code 77005. All of the 2014 plans are labeled with Bronze, Silver, Gold, or Platinum. Notice the price of all of the other existing plans in comparison to the 2014 ones.
Example: 60-year-old couple with two kids. Current plans - $635-1,987/month. 2014 plans - $1,693-5,236/month.
Coming to a state near you in just 10 months, get excited.
But but but they told us that it would be cheaper