Author Topic: Obamacare Master thread  (Read 199411 times)

Offline yelped

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Re: Obamacare Master thread
« Reply #540 on: May 08, 2018, 09:25:36 PM »
Some of us are aged out of catastrophic plan eligibility. Consider yourself lucky.
I always consider myself lucky. :)

But I need help with this to pay for the health insurance ;)

http://forums.dansdeals.com/index.php?topic=36812.msg1929713#msg1929713

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Feelings don't care about your facts

Offline ExGingi

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Re: Obamacare Master thread
« Reply #542 on: July 02, 2018, 07:51:49 AM »
https://www.bloomberg.com/news/features/2018-06-26/sky-high-deductibles-broke-the-u-s-health-insurance-system

High deductibles could actually be good. If only they wouldn't limit availability of HSAs to a very limited subset of plans.

On a side note $500/month +$8,000 of deductibles and co-pays for family coverage sounds like a bargain in today's day and age.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline farmbochur

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Re: Obamacare Master thread
« Reply #543 on: July 02, 2018, 11:08:12 AM »
https://www.bloomberg.com/news/features/2018-06-26/sky-high-deductibles-broke-the-u-s-health-insurance-system

High deductibles could actually be good. If only they wouldn't limit availability of HSAs to a very limited subset of plans.

On a side note $500/month +$8,000 of deductibles and co-pays for family coverage sounds like a bargain in today's day and age.
"About 41 percent say they can’t pay a $400 emergency expense without borrowing or selling something, according to the Federal Reserve."

Is this really a health insurance problem or a personal finance problem?
Risk is opportunity

Offline ExGingi

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Re: Obamacare Master thread
« Reply #544 on: July 02, 2018, 12:11:46 PM »
"About 41 percent say they can’t pay a $400 emergency expense without borrowing or selling something, according to the Federal Reserve."

Is this really a health insurance problem or a personal finance problem?
It is definitely a personal finance problem.

Insurance (including health insurance) is a financial tool. Unfortunately, health insurance in this country has not been treated as insurance (maybe it shouldn't - but then it shouldn't be called insurance), and as such has contributed to financial illiteracy. Allowing HSAs, educating and encouraging their use, could do good to financial literacy as well as controlling costs.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline ludmila

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Re: Obamacare Master thread
« Reply #545 on: July 05, 2018, 12:50:50 AM »
Any suggestions for reasonable health insurance plans for college students? Is Catastrophic health insurance available to college students-it says available to anyone under 30, does it offer decent coverage.? Or are there better plans for students?Thanks.
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Offline ExGingi

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Re: Obamacare Master thread
« Reply #546 on: July 05, 2018, 06:28:29 AM »
Any suggestions for reasonable health insurance plans for college students? Is Catastrophic health insurance available to college students-it says available to anyone under 30, does it offer decent coverage.? Or are there better plans for students?Thanks.
Is there any income?

What's the state of residence? Where's the college?

If answers are: No, NY, NY then Medicaid is probably the best option.

Catastrophic plans offer excellent INSURANCE. They are the simplest to understand, and are excellent financial tools for healthy eligible people. There's a predefined high deductible, after which everything is covered at 100% (as well as one well visit per year, or some other extremely limited coverage prior to reaching the deductible).
I've been waiting over 5 years with bated breath for someone to say that!
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Offline shaulyaakov

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Re: Obamacare Master thread
« Reply #547 on: July 05, 2018, 08:49:46 AM »
Is there any income?

What's the state of residence? Where's the college?

If answers are: No, NY, NY then Medicaid is probably the best option.

Catastrophic plans offer excellent INSURANCE. They are the simplest to understand, and are excellent financial tools for healthy eligible people. There's a predefined high deductible, after which everything is covered at 100% (as well as one well visit per year, or some other extremely limited coverage prior to reaching the deductible).
In order to qualify, you would have to become legally independent from your parents, which isn't always easy, especially if they are paying for school.

Offline ExGingi

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Re: Obamacare Master thread
« Reply #548 on: July 05, 2018, 09:05:57 AM »
In order to qualify, you would have to become legally independent from your parents, which isn't always easy, especially if they are paying for school.
There's one test for that IINM. Are you claimed on their tax return as a dependent. Even if you were in the past, no one says it can't change mid year.

As a matter of fact, I've had people apply for Medicaid without any income, and in response to the question of how they support themselves, the response is support from parents/family members.

Remember, the ACA made financial test for Medicaid qualification only one: MAGI!
I've been waiting over 5 years with bated breath for someone to say that!
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Offline ludmila

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Re: Obamacare Master thread
« Reply #549 on: July 06, 2018, 01:04:32 AM »
Is there any income?

What's the state of residence? Where's the college?

If answers are: No, NY, NY then Medicaid is probably the best option.

Catastrophic plans offer excellent INSURANCE. They are the simplest to understand, and are excellent financial tools for healthy eligible people. There's a predefined high deductible, after which everything is covered at 100% (as well as one well visit per year, or some other extremely limited coverage prior to reaching the deductible).
Student has no income , but parents do have income below $25000 including father's social security. Indiana. Indiana University Kelley Business school .
I was the Best,still the Best, and will always be the Best.
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Offline ludmila

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Re: Obamacare Master thread
« Reply #550 on: July 06, 2018, 01:07:35 AM »
There's one test for that IINM. Are you claimed on their tax return as a dependent. Even if you were in the past, no one says it can't change mid year.

As a matter of fact, I've had people apply for Medicaid without any income, and in response to the question of how they support themselves, the response is support from parents/family members.

Remember, the ACA made financial test for Medicaid qualification only one: MAGI!
What is MAGI? Thanks.
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Offline ExGingi

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Re: Obamacare Master thread
« Reply #551 on: July 06, 2018, 07:42:59 AM »
Student has no income , but parents do have income below $25000 including father's social security. Indiana. Indiana University Kelley Business school .
I don't know if Medicaid is any good there, but if Student goes on his own, should definitely qualify for Medicaid. With that low income, entire household might qualify for Medicaid, depending on household size.
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Re: Obamacare Master thread
« Reply #552 on: July 06, 2018, 07:43:58 AM »
What is MAGI? Thanks.
Modified Adjusted Gross Income.

For most people it's the same as AGI on their tax return.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline YesThatsMe

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Re: Obamacare Master thread
« Reply #553 on: July 16, 2018, 08:38:23 PM »
I have an option to switch Health Insurance from Oxford to Blue Cross Blue Shield in NJ for significant savings. Does anyone know if the coverage in Lakewood area is good, comparable to Oxford?

Offline ludmila

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Re: Obamacare Master thread
« Reply #554 on: July 16, 2018, 09:05:34 PM »
Modified Adjusted Gross Income.

For most people it's the same as AGI on their tax return.
Thank you.
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Re: Obamacare Master thread
« Reply #555 on: July 16, 2018, 09:27:08 PM »
I have an option to switch Health Insurance from Oxford to Blue Cross Blue Shield in NJ for significant savings. Does anyone know if the coverage in Lakewood area is good, comparable to Oxford?
I had no issue
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Offline ExGingi

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Re: Obamacare Master thread
« Reply #556 on: July 16, 2018, 11:44:31 PM »

I have an option to switch Health Insurance from Oxford to Blue Cross Blue Shield in NJ for significant savings. Does anyone know if the coverage in Lakewood area is good, comparable to Oxford?
I have no firsthand experience, but the answer might depend on which specific network the plan uses.

For example: both Oxford Freedom and Oxford Liberty are excellent networks. But I wouldn’t touch a plan that uses the Metro network.
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Re: Obamacare Master thread
« Reply #558 on: August 07, 2018, 09:22:12 AM »
https://www.bloomberg.com/view/articles/2018-08-07/2018-elections-voters-should-defend-obamacare-from-trump

Quote
Most of the newly insured have signed up for Medicaid in the more than 30 states that have expanded enrollment. Millions of others with incomes low enough to qualify for federal premium subsidies have bought affordable, comprehensive Obamacare policies. That’s real, substantial progress.

A piece of truth, that is later on obscured with other mumbo jumbo that is irrelevant to the part that has the biggest impact - Medicaid expansion. But they can't loudly talk about that, because it's politically unpalatable to say that Obamacare is about expanding Medicaid as a stepping stone towards single payer.
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Re: Obamacare Master thread
« Reply #559 on: August 14, 2018, 02:08:50 PM »
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan