Thursday, October 31, 2013
Wednesday, October 30, 2013
Check out the Infographics done by NYTimes, which explains why some people can't keep their insurance plans. It is very detailed and easy to comprehend. President Barrack Obama promised that people can keep their old insurance plan under the Obamacare, however the truth is most need to buy a new plan.
Wednesday, October 23, 2013
The number of Obamacare website problems since the website opened has been deeply embarrassing for the White House. The drawbacks have called into question whether the Obama administration is capable of implementing the complex policy they seems to be unaware of the scope of the problems when the exchange sites opened.
Even Obama acknowledges problems:
“Nobody is madder than me about the fact that the website is not working as well as it should, which means it’s gonna get fixed,” Obama said.
He even turn to an ex-adviser Jeffrey Zients, he is the former acting director of the White House budget office.
A person close to the project said that "No way it was properly tested before it went live" since the website is full of bugs and junk computer codes.
Tuesday, October 8, 2013
Gov. Steve Beshear's office said in a news release Monday that more than 6,080 individuals and/or families are now enrolled in new affordable health care coverage that will go into effect on Jan. 1.
As of 4pm Monday, 142,242 people had completed the pre-screening process to determine if they qualify for subsidies and discounts for insurance policies or to determine if they qualify for Medicaid.
About 19,372 applications for health care coverage have been started and 12,955 are now completed.
Tuesday, October 1, 2013
Insurance Marketplace or Exchanges is now open. Affordable Care Act or the Obamacare gives you only two choices pay a penalty or buy health insurance. The insurance marketplaces are for those who are not insured and those who buy their own insurance (not provided by the employer).
If you already have insurance from work or through Medicare you don't need this exchanges. The Open Enrollment is from October 1, 2013 and closes on March 31, 2014.
Here are the points to remember:
• the Coverage purchased through the marketplace starts as soon as January 1, 2014. Because many of ObamaCare's benefits, rights and protections will take effect on 2014.
• There are three types of cost assistance available through marketplaces: Advanced premium tax credits which lower your monthly premium costs, cost sharing subsidies which lower your out-of-pocket costs for copays, coinsurance and deductibles, and Medicaid. Learn more about ObamaCare Cost Assistance.
• Cost assistance through the marketplace is available to Americans who make less than 400% of the Federal Poverty Level ($45,960 for an individual $94,200 for a family of four).
• The 2013 Federal Poverty Guidelines are used to determine cost assistance on the marketplace.
• Young adults can now stay on their parents health insurance plans until they are 26.
• Plans are presented in four categories – bronze, silver, gold, and platinum – to make comparing them easier.
The Insurance plans that are in the Marketplace are offered by private companies. They cover the same core set of benefits called essential health benefits. Insurance companies cannnot turn you away or charge you more for preexisting medical condition or illness. They must cover treatments for these conditions. Plans can't charge women more than men for the same plan. Many preventive services are covered at no cost to you. However, despite of these benefits many still decided to opt out.
The Opt Out Penalty is $95 fine per adult; $47.50 penalty per child; and a maximum of $235, per family. That, or 1% of your adjusted gross income; whichever is greater. It is also set to increase yearly. The penalty is still much cheaper than forking out $300-$500 a month for insurance.