California’s health insurance exchange released an analysis showing that Republicans’ plan to trim subsidies, on average, by 40% would fall hard on elderly and very low-income people, especially in expensive areas like San Francisco.
The thought of losing California’s Obamacare gains is “somewhere between nauseating and mind blowing,” says Robert K. Ross, CEO of the California Endowment.
Covered California sent the wrong subsidy information to insurers, who charged most consumers less than they really owed. Now they have to pay up.
Health insurance subsidies are pegged to income estimates, but if those are too low, the customer may have to make a repayment to the government.
Consumers who feel they pay too much for skimpy coverage may welcome Donald Trump’s changes to the health law, but those who are sick are deeply worried.
The government is sending emails and letters to some seniors to warn them that if they are eligible for Medicare and stay on the health law’s exchange, they will have to repay any subsidies they receive and if they miss their Medicare enrollment opportunity, they will face a life-long penalty.
The retirement savings are considered income, so an unexpected withdrawal may change the level of premium subsidies for which an individual qualifies.
Both states are offering “basic health programs” that provide policies to consumers with low monthly premiums and copayments, and low or no deductibles.
Health law insurance costs went up across the board in North Carolina, yet sign-ups remain strong heading into the final days of open enrollment.
This new generation of so-called “skinny plans” can save employers money, but it’s not yet clear if they will meet regulatory scrutiny.
KHN’s consumer columnist answers questions about the effects a change of income can have on an individual’s subsidy for insurance premiums and dental care for Medicare beneficiaries.
In a recent interview, Cordani discussed the evolution of exchange health plans as well the proposed merger between Cigna and Anthem.
The number of Medicare plans that cover medications with a subsidy provided for low-income beneficiaries is declining in 2016 by 20 percent.