Affordable Care Act
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Thread: Affordable Care Act

  1. #1
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    Default Affordable Care Act

    Cheapest Obamacare Plan Will Cost $20,000 per Family by 2016, IRS Says

    Is the Affordable Care Act really affordable?

    ~Bonita~

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    I haven't done that much research but I find it hard to believe. Currently, a direct pay plan with my company for the cheapest plan is under 10000/yr for a family of 4. I don't see it as doubling.

    Off to find out more.

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    Quote Originally Posted by Jessica80 View Post
    I haven't done that much research but I find it hard to believe. Currently, a direct pay plan with my company for the cheapest plan is under 10000/yr for a family of 4. I don't see it as doubling.

    Off to find out more.
    I am interested to know what you find out. I am really wanting there to be a way where we can buy insurance that is not attached to DH's work. He would really rather work as a free lance interpreter for himself instead of the school system but we need insurance. $20,000 a year would be HALF his pay check for the year. There is no way that is even close to obtainable. Even $10,000 a year is not obtainable.

    ~Bonita~

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    Everything I could find outside of that article is showing it to be estimating at 12000/family per calendar year excluding affordability credits. A lot of it is actuary talk and that is WAY out my league.

    All of this is an assumption and it is really hard to get a full handle on what things will be in 3 years. I'm leaning more towards the 12000 vs. 20000. That is 1000./mo for insurance 3 years from now for a family of 5. Seems about right to me.

    But...the other goal is that once everyone is insured...your costs will go down year to year. We're seeing it in Mass. already. It's definitely a slow process though.

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    Do people really feel $1,000 a month is a reasonable amount to spend on health insurance? Plus that is not counting co-pays and deductibles.
    blather likes this.

    ~Bonita~

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    I don't know if it's reasonable but, that is about what we pay for our portion of the costs.
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    We pay less than that including copays for our family of 5. It's all a matter of perspective. It's less than our mortgage. Less than we spend on our food bill monthly. Isn't it as important?

    ETA: I was wrong, I looked at the numbers and this year with our FSA having to be lowered (by law) to only $2500 we will be paying about $1000/month including copays. The upside is that some of our copays went down to $0 (like my BCP is now free thanks to Obamacare, and as I have to get it every 3 weeks that adds up over the year!). DH switched jobs last year and was choosing between two offers ~ one was Microsoft which had 100% FREE healthcare or the offer that he accepted, which still is an excellent plan. Even with me having a very expensive surgery and hospital stay last year our total out of pocket did not exceed $11,000 last year, $4,000 of that being before tax $ from our FSA.
    Last edited by Potter75; 02-02-2013 at 05:26 PM.

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    We pay about that much now, and then last year an additional $7000 of medical cost. It is literally killing us financially. We are all pretty healthy too, but with me having kidney stones 2 times, Dh having a vasectomy (that didnt work) and a broken bone for one child, we had a huge cost on top of what we pay for on top of monthly cost.
    Lisa
    Molly, Morgan, Mia and Carson

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    Mega Poster mom3girls's Avatar
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    Quote Originally Posted by Potter75 View Post
    We pay less than that including copays for our family of 5. It's all a matter of perspective. It's less than our mortgage. Less than we spend on our food bill monthly. Isn't it as important?
    It is important, that is why we pay it. I would love to be able to spend that much on our food a month, buy all organic, but we spend to much in health care to spend that much on food
    Lisa
    Molly, Morgan, Mia and Carson

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    Quote Originally Posted by Potter75 View Post
    We pay less than that including copays for our family of 5. It's all a matter of perspective. It's less than our mortgage. Less than we spend on our food bill monthly. Isn't it as important?
    As an aside, you pay over $1,000 a month in food? There is not any bill that we have that is $1,000/month.

    ~Bonita~

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