Monday, October 28, 2013

Well, the Obama administration may want the Obamacare website to continue to malfunction, because once you are able to sign on, you will die of sticker shock.

The Saint went in today to check to see of the site was working.  It was.  Then he continued on to check prices.


The Saint has a private health insurance policy with Blue Cross and Blue Shield.  It is a high deductible plan (10k) but provides the level of service he and his wife need.  The cost is roughly $300 per month.  The cheapest plan available to the Saint costs $600 and is inferior to his current plan in almost every way.  This "bronze" plan doesn't really pay anything until the deductible is met, which is 12k.  The plans that more closely represents his plan costs 3 to 4 times his current premium.

So, this is turning out to be a major political blunder for the President.

By the way, the Saints private insurance went up 25%, 5% of which is a new Obamacare ACA fee.  The ACA fees are another set of hidden taxes and is composed of "The Transitional Reinsurance Program Contribution Fee and the "Health Insurer Fee.  Both go in to effect Jan 1, 2014. So even if you "can keep your current policy" it will cost you more in taxes.

By the way, the Saint is spared an even bigger increase, because a few months ago, BCBS changed the effective date of my policy to Dec 1, 2013, so the required coverages for Obamacare won't kick in until next year.

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