My Real Life ObamaCare Horror

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by boedicca, Nov 9, 2010.

  1. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    It's the time of year where my company gets ready for open enrollment for health care impacts. Here's the scoop we have from our insurance broker.

    - Minimum rate increase from a competitive process is 15%.
    - We have no ability to change co-pays or deductibles or we will not be grandfathered into the "Cadillac Plan" tax exemption. If we do tweak a co-pay by even $5, we will be set the company up for the 40% tax.
    - Many of our employees fully use the current $5,000 Health Savings Account benefit; this is reduced to $2,500 starting next year, increasing their personal tax liability.

    How Hopey Changey.
     
  2. Revere
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    And you can't use your HSA/FSA for non doctor ordered meds.

    If everyone is miserable, everyone is equal.
     
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  3. American Horse
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    American Horse AKA "Mustang"

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    Which is a stealth tax raise
     
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  4. Revere
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    Stealth, my ass. It's a tax increase for the middle class.
     
  5. CrusaderFrank
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    CrusaderFrank Diamond Member

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    I thought this was going to bend the cost curve down? Where's the 2,500% saving from switching to ObamaCare?
     
  6. Common Sense
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    Common Sense BANNED

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    so funny, this is actually typical of health insurance companies. my company was going to see a 12% increase "in anticipation of rising costs." (although we fought the change by threatening to go to another provider) or at least thats what they said. i dont think some of the health care reform provisions go into effect for a few years, so they might be trying to raise costs now, because they know that in a few years they cant raise an individual or small groups costs, without raising the costs of everyone they insure.
     
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    Actually, they can raise costs to cover lifetime caps, which were lifted, and pre-existing conditions, which they now must cover, as well as 26 year old dependents.

    And raising everyone's costs makes everyone equal?
     
  8. Ravi
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    Ravi Diamond Member

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    :eusa_eh:

    According to the IRS the benefit for HSA in 2011 is the same as in 2010...$3050 single, $6150 family.
     
  9. MaggieMae
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    MaggieMae Reality bits

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    Let's try the fact sheet Blue Cross sent to all its employer-based customers rather than just relating some potential horror story as fact. Click on the topic, in this case "Grandfathering."

    Blue Cross Blue Shield
     
  10. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    We're getting different guidance due to our deductibles - and are still in discussions.
     

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