Tuesday, September 24, 2013

What will Obamacare cost you?

I found this chart in a Forbes article by Chris Conover (09-23-2013) that demonstrates the "promises" vs. "reality" of the Affordable Care Act. Keep in mind that every state will have different rates and yours may be higher or lower.

The important part to understand is that the average family of 4 will be paying a lot more for health insurance than ever before. Never mind the promises of a $2,500 reduction in costs that everyone heard during the run-up to the Affordable Care Act. That isn't going to happen.

Yes, there are some Americans who welcome the ACA including those who are for the first time able to obtain insurance benefits despite pre-existing conditions. There are also large numbers of people that will not be paying the higher costs due to premium tax credits and other subsidies.

With less than a week to go before open enrollment begins, be sure to check and see where your family is in regards to eligibility for premium tax credits. There is a link to the Washington calculator for health insurance costs on the home page of my website www.ekandek.com








http://b-i.forbesimg.com/theapothecary/files/2013/09/CostperFamily.png

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