I'm 50 years old and single. I earn around 45,000, but my health insurance has lapsed. How would our new health care bill affect me?
Total Comments: 20
Posted: Mon Mar 22, 2010 02:12 pm Post Subject: insurance
I work with Senior Citizens and the Handicapped. A few of my 'Clients' have already received letters, stating their Medical Insurance Benefits will decrease. Their co-pays, on Meds, have already gone up. It's really horrible. If this Health Reform bill passes, yes....it DOES mean everyone will get Heath Insurance. However....you will get what 'THEY' want you to have and at a VERY high premium. I'll tell you right now, NONE of my 'Clients' will be able to afford to pay for 'THEIR' Medical Insurance. Ihope the 'Bill' doesn't pass.
Posted: Mon Mar 22, 2010 02:17 pm Post Subject:
i was a passenger in dec 08 no fault insur paid bills 6 month cut me off after ime , i was being treated for sacal dysfuntion and soft injuries leading to fibromyalga, and brain injury i have a history of minor pains from work injury in 02 also i have a felony and a hitory of cocaine but i've was clean 4 years prior instead i turn my life around got in college stayed on dean's list and 1 year before grad i was in this accident stop my life.. do i stay a chance with the no fault insurance company?
Posted: Mon Mar 22, 2010 02:22 pm Post Subject: insurance
First of all, ..I want to say congratualtions to you for 'cleaning' up your life!!! It's not easy to do. Good to hear you went back to school, etc. To be truthfully with you, I'm not sure how to answer the Insurance question you're asking about. One of the Forum experts will be around soon to help you. I just wanted to say...glad you straightened your life out!!!!! :lol:
Posted: Mon Mar 22, 2010 03:55 pm Post Subject:
THANKS!!
Posted: Tue Mar 23, 2010 11:28 pm Post Subject: insurance
Well..........I'm actually surprised the'Bill' passed. 'Our' country will REALLY be affected....not in a 'positive' way!! MSWELLINGTON: I know this is an Insurance Forum, however,..I think it's encouraging that people state the troubles they were having in their lives and that they overcame them!! That's encouraging for OTHER people to see......to know that their is a 'way out' and there IS alot of positive things they can do with their lives!!!!!!!
Posted: Wed Mar 24, 2010 03:01 am Post Subject:
Folks, it's important to understand a few things about this so-called "passage" of this healthcare bill.
First of all, nothing is done yet...remember that there's going to be numerous legal challenges to this. Also remember that this is a "reconciliation" bill; that's a bill in which both sides of the house/senate "reconciled" their differences and decided to compromise. COBRA is a another reconciliation action, but there was little dissent in Congress, it was just a couple of little things that stalled passage.
This ain't no little thing...there are tons of republicans staunchly opposed to this thing and more than a few attorneys general have already filed constitutional challenges to the legislation which will tie up the courts for just a little while. In the meantime, it hangs in stasis until that stuff gets ironed out. Don't hold your breath.
Also keep in mind that this plan is phased in over a period of nine years...it doesn't reach "completion" until 2019. It's got all sorts of codicils and conditions attached that place severe budgetary constraints on insurers which you're sure to hear about. That one'll take a couple of years to surface, but ya read it here first.
Many of the plan's requirements don't take effect until 2014, such as the ban on exclusions for pre-existing conditions. There are a few things that kick in this year: no more lifetime dollar limits on benefits, no cancellations for being "too sick", kids covered on parents coverage to age 26- but there's a problem here for kids that are already sick. Insurers can still continue to reject kids with pre-existing conditions until 2014. Most states have laws that prevent this if the child is reported to the insurer within a period of time, but that's not all states.
The requirement that you must have coverage kicks in in 2014 as well. That applies to most, not all, people. 2014 also marks the year of Medicaid increases, no more denying coverage or issuance of a policy due to pre-x, tax credits for certain people and a few other things.
The "doughnut hole" that's currently a huge problem with the Part D prescription drug plan closes over time...a looooong time.
You can Google the daylights out of this. Read a bunch of stuff. This is going to affect every single person that lives in the U.S., so get yerself edurcayted. I would post a bunch of good links, but Lori or some other Mod would yell at me.
InsTeacher 8)
Posted: Wed Mar 24, 2010 12:41 pm Post Subject: insurance
INSTEACHER................thanks for the info!!! The way the media is talking, the 'Bill' is going to take affect RIGHT A WAY!!!!!!! I'm sure this 'Bill' scares alot of people. i would be scared for them, too. So much 'fine print' no one knows about, etc.
Posted: Fri Mar 26, 2010 01:24 pm Post Subject:
You will probably need to pay the fine for not acquiring individual coverage. Such negligence might inflict tax fines worth hundreds of dollars every year.
Posted: Fri Mar 26, 2010 02:52 pm Post Subject:
Hundreds of dollars of fines is much less than thousands of dollars of insurance premiums. Instead of negligence, depending upon the wording of the bill, this may be smart financial planning for some.
Posted: Sat Mar 27, 2010 06:51 am Post Subject:
Hundreds of dollars of fines is much less than thousands of dollars of insurance premiums.
The fine that you'd need to bear would be worth $800 annually. On the other hand, the premium that you'd need to pay would be worth $800 every month.
Posted: Mon Mar 22, 2010 02:12 pm Post Subject: insurance
I work with Senior Citizens and the Handicapped. A few of my 'Clients' have already received letters, stating their Medical Insurance Benefits will decrease. Their co-pays, on Meds, have already gone up. It's really horrible. If this Health Reform bill passes, yes....it DOES mean everyone will get Heath Insurance. However....you will get what 'THEY' want you to have and at a VERY high premium. I'll tell you right now, NONE of my 'Clients' will be able to afford to pay for 'THEIR' Medical Insurance. Ihope the 'Bill' doesn't pass.
Posted: Mon Mar 22, 2010 02:17 pm Post Subject:
i was a passenger in dec 08 no fault insur paid bills 6 month cut me off after ime , i was being treated for sacal dysfuntion and soft injuries leading to fibromyalga, and brain injury i have a history of minor pains from work injury in 02 also i have a felony and a hitory of cocaine but i've was clean 4 years prior instead i turn my life around got in college stayed on dean's list and 1 year before grad i was in this accident stop my life.. do i stay a chance with the no fault insurance company?
Posted: Mon Mar 22, 2010 02:22 pm Post Subject: insurance
First of all, ..I want to say congratualtions to you for 'cleaning' up your life!!! It's not easy to do. Good to hear you went back to school, etc. To be truthfully with you, I'm not sure how to answer the Insurance question you're asking about. One of the Forum experts will be around soon to help you. I just wanted to say...glad you straightened your life out!!!!! :lol:
Posted: Mon Mar 22, 2010 03:55 pm Post Subject:
THANKS!!
Posted: Tue Mar 23, 2010 11:28 pm Post Subject: insurance
Well..........I'm actually surprised the'Bill' passed. 'Our' country will REALLY be affected....not in a 'positive' way!! MSWELLINGTON: I know this is an Insurance Forum, however,..I think it's encouraging that people state the troubles they were having in their lives and that they overcame them!! That's encouraging for OTHER people to see......to know that their is a 'way out' and there IS alot of positive things they can do with their lives!!!!!!!
Posted: Wed Mar 24, 2010 03:01 am Post Subject:
Folks, it's important to understand a few things about this so-called "passage" of this healthcare bill.
First of all, nothing is done yet...remember that there's going to be numerous legal challenges to this. Also remember that this is a "reconciliation" bill; that's a bill in which both sides of the house/senate "reconciled" their differences and decided to compromise. COBRA is a another reconciliation action, but there was little dissent in Congress, it was just a couple of little things that stalled passage.
This ain't no little thing...there are tons of republicans staunchly opposed to this thing and more than a few attorneys general have already filed constitutional challenges to the legislation which will tie up the courts for just a little while. In the meantime, it hangs in stasis until that stuff gets ironed out. Don't hold your breath.
Also keep in mind that this plan is phased in over a period of nine years...it doesn't reach "completion" until 2019. It's got all sorts of codicils and conditions attached that place severe budgetary constraints on insurers which you're sure to hear about. That one'll take a couple of years to surface, but ya read it here first.
Many of the plan's requirements don't take effect until 2014, such as the ban on exclusions for pre-existing conditions. There are a few things that kick in this year: no more lifetime dollar limits on benefits, no cancellations for being "too sick", kids covered on parents coverage to age 26- but there's a problem here for kids that are already sick. Insurers can still continue to reject kids with pre-existing conditions until 2014. Most states have laws that prevent this if the child is reported to the insurer within a period of time, but that's not all states.
The requirement that you must have coverage kicks in in 2014 as well. That applies to most, not all, people. 2014 also marks the year of Medicaid increases, no more denying coverage or issuance of a policy due to pre-x, tax credits for certain people and a few other things.
The "doughnut hole" that's currently a huge problem with the Part D prescription drug plan closes over time...a looooong time.
You can Google the daylights out of this. Read a bunch of stuff. This is going to affect every single person that lives in the U.S., so get yerself edurcayted. I would post a bunch of good links, but Lori or some other Mod would yell at me.
InsTeacher 8)
Posted: Wed Mar 24, 2010 12:41 pm Post Subject: insurance
INSTEACHER................thanks for the info!!! The way the media is talking, the 'Bill' is going to take affect RIGHT A WAY!!!!!!! I'm sure this 'Bill' scares alot of people. i would be scared for them, too. So much 'fine print' no one knows about, etc.
Posted: Fri Mar 26, 2010 01:24 pm Post Subject:
You will probably need to pay the fine for not acquiring individual coverage. Such negligence might inflict tax fines worth hundreds of dollars every year.
Posted: Fri Mar 26, 2010 02:52 pm Post Subject:
Hundreds of dollars of fines is much less than thousands of dollars of insurance premiums. Instead of negligence, depending upon the wording of the bill, this may be smart financial planning for some.
Posted: Sat Mar 27, 2010 06:51 am Post Subject:
Hundreds of dollars of fines is much less than thousands of dollars of insurance premiums.
The fine that you'd need to bear would be worth $800 annually. On the other hand, the premium that you'd need to pay would be worth $800 every month.
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