by Guest » Fri Nov 15, 2013 05:00 am
Hi! I’ve been reviewing my finances lately and found my health insurance from my job is causing me trouble.
I have no family and still it’s costing me $450 a month. The numbers went up twice last month and probably will go up again. The overspending is hurting my financial goals tremendously. I’ve 35...quite healthy...and seldom get sick.
Anyone here who drop insurance voluntarily? Would that be so much risky? Saving money here in NYC getting harder day by day and I’m determined to give it a fight. Thanks!!
I have no family and still it’s costing me $450 a month. The numbers went up twice last month and probably will go up again. The overspending is hurting my financial goals tremendously. I’ve 35...quite healthy...and seldom get sick.
Anyone here who drop insurance voluntarily? Would that be so much risky? Saving money here in NYC getting harder day by day and I’m determined to give it a fight. Thanks!!
Posted: Fri Nov 15, 2013 09:29 pm Post Subject:
The numbers went up twice last month and probably will go up again.
This makes no sense. Health insurance premiums are set one year at a time.Regardless, the Affordable Care Act requires you to be insured or pay a penalty of $95 in 2014 (or 1% of your income which will probably be much higher). If you have access to health insurance through your employer, you are not eligible to obtain premium tax credits through the NY Exchange unless your premium cost exceeds 9.5% of your income. ($450 / 0.095 = $4,737 per month or $56,842 per year).
Hope this helps.
Posted: Sat Jan 04, 2014 07:54 pm Post Subject:
There is no solution at all but govt. Has forced everybody to get insured by 2014 or pay a penalty and those who earn huge have to pay more. Possibly no way out.
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