An update from our official Obamacare Exchange investigator:
Links for one of the insurance aggregators and a calculator for the tax subsidies to offset the premiums http://www.ehealthinsurance.com for Texas all you get is basically BC/BS
Tax subsidy calculator: http://kff.org/interactive/subsidy-calculator/
One of the things I haven’t been able to find out yet is when they talk about income, whether it is gross income or AGI. I’m inclined to believe it is gross income.
A quick rundown of example coverage for my wife & I together would be:
- Plan: Silver
- Tobacco: No
- Provider: Blue Cross / Blue Shield
- Deductible 3000 personal – $9000 family
- Rx Coverage: Yes
- Dental: No
- Vision: No
- Monthly Premium: $1,145.00
- Annual Premium: $13,740.00
- 2014 Tax Subsidy: $4,574.00
Net Annual Premium after Subsidy: $9166.00 Net Monthly Premium after subsidy: $763.83
Penalties for not being covered
- 2014: $1200.00 ( $95 per person or 1% of income whichever is higher)
- 2015: $2400.00 ( $325 per person or 2% “” “”)
- 2016: $3000.00 ( $695 per person or 2.5% “” “”)
Of course this is before we are rated due to the Type II Diabetes and other sundry maladies we have previously had. Obamacare just made them take us – never said they couldn’t charge more.
We are currently paying together about $919 a month for $2000 deductible, $7k out of pocket with Rx, no vision or dental.
I’m guessing by the time we are rated we will easily be paying that “after subsidies” – so the overall increase will be around 40% more before subsidies.
The other notable thing about the BC/BS quote was the rates were only good for 6 months.
If I find some more aggregators I’ll let you know
Pratt on Texas official Obamacare Exchange investigator (guinea pig)!