Obamacare: Messing With Your Subsidies
Comments are off for this post.
Obamacare has hit another snag in its wobbly existence. “If you like your plan, you can keep it” rings false again, but now the victims are not those who were already perfectly happy with what they had. Now, the victims of Obamacare are the poorer recipients who qualified for taxpayer subsidies to take the edge off of high premiums.
In 2015, the rules for Obamacare’s taxpayer-funded subsidies will change, and out the window will go the plans that used those subsidies. Connecticut, Indiana, Maryland, Oregon, Rhode Island, Virginia and Washington Obamacare customers will all have their two lowest premium silver plans change and will see the subsidy calculation change for the worse.
Those who are using the Obamacare subsidies will have to change plans to avoid paying the high premiums, because the premiums just keep climbing.
“Those receiving federal premium subsidies may need to switch plans in 2015 to avoid paying more than the limits established by the ACA, and the impact will be more profound for lower-income consumers,” said Caroline Pearson, Avalere Health’s vice president.
Now, we face the joy of the website.
For, not only does the website have to handle new Obamacare sign-ups, it has to deal with all of the customers who received subsidies in these states (which means the majority) that now need to scramble to find a new plan.
The Obama administration has not even finished building the back end portions of the federal Obamacare website, but hopes to have it up and running with all the updates soon.
The Department of Health and Human Services said on Tuesday that they would offer automatic re-enrollment for those on subsidies who want to stick with their current plan, but they warned that a double-check should be made on the price of that Obamacare plan for 2015.
Hopefully the changes won’t have too much of a negative effect on those who are already struggling to keep up with rising costs.
Image via YouTube