I said facts, not scare tacts. Try again.
Boonstra's old policy was from Blue Care Network (a.k.a. Blue Cross Blue Shield of Michigan) that was on the individual market. The cost of the plan was $1,100 per month, with no co-pays or deductibles.
It is not clear why the original policy did not meet the new ACA requirements.
Boonstra used Michigan Farm Bureau and got a new policy through Blue Cross Blue Shield.
This plan cost $571 a month cutting her insurance costs in half. The difference between her previous monthly premium of $1,100 and her new plan is about $529 a month. Over the course of a year, that’s savings of $6,348.
The new plan also requires her to pay 20 percent of all her medical bills, while the insurance company picks up the remaining 80 percent. For someone needing expensive treatment, like chemotherapy, those out-of-pocket costs can add up quickly.
However-the Affordable Care Act requires caps on out-of-pocket expenses paid by policyholders. The facts of what that cap is has not been divulged.
The ACA law says for an individual it can’t be higher than $6,350. Some of the more pricier plans have caps that are even lower.
So at most, Boonstra would pay $2 more over the course of the year under her new policy. And if the annual cap is lower than $6,350, her new plan could actually save her money. It's also possible she is receiving more benefits under the new plan.
What the problem is????
Feb 27, 2014 @ 12:48:03
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