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Will Young Couples Suffer Under Obamacare?
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Total visits: 34
Posted on: 17th Oct 2013
Will Young adults suffer
under Obamacare
Young adults could pay relatively little up front for
Obamacare, only to pay a lot later. They may be more
likely to buy cheaper plans on the health care
exchanges, but they are often less informed about how
high out-of-pocket costs, including deductibles, can
erase any savings realized from the lower premiums,
potentially leaving them with crippling bills. "I
think the exposure is pretty high. It's way higher than
most people are used to," said Karen Pollitz, a senior
fellow at the Kaiser Family Foundation, the health
policy research group. "There will be some people who
will, for whatever reason, end up getting
high-deductible health plans, and I think some of them
may not like it."
Under the Affordable Care Act, plans being sold on new
government-run exchanges are grouped into four
tiers�bronze, silver, gold and platinum�whose
monthly premiums reflect the percentage of covered
benefits, with the bronze having the lowest premiums.
As a rule, the cheaper a plan's monthly premiums, the
higher it�s deductible and other out-of-pocket costs.
"I was looking at Texas earlier today," Pollitz said.
"They had a bronze Blue Cross plan that was $250 a
month ... for a 40-year-old. The bronze had a $6,000
deductible, but the silver had a $3,000 deductible."
"The bronze plans, all the ones I've seen, have $5,000
or $6,000 deductibles," she said. Combine those
deductibles with the maximum out-of-pocket costs of
$6,350 for individuals and $12,700 for families, and
"that's a big exposure," Pollitz said. "It's a little
bit of a gamble, and understanding the potential
[expenses] is a little bit abstract to most people.
Young adults could pay relatively little up front for
Obamacare, only to pay a lot later. They may be more
likely to buy cheaper plans on the health care
exchanges, but they are often less informed about how
high out-of-pocket costs, including deductibles, can
erase any savings realized from the lower premiums,
potentially leaving them with crippling bills. "I
think the exposure is pretty high. It's way higher than
most people are used to," said Karen Pollitz, a senior
fellow at the Kaiser Family Foundation, the health
policy research group. "There will be some people who
will, for whatever reason, end up getting
high-deductible health plans, and I think some of them
may not like it."
Under the Affordable Care Act, plans being sold on new
government-run exchanges are grouped into four
tiers�bronze, silver, gold and platinum�whose
monthly premiums reflect the percentage of covered
benefits, with the bronze having the lowest premiums.
As a rule, the cheaper a plan's monthly premiums, the
higher it�s deductible and other out-of-pocket costs.
"I was looking at Texas earlier today," Pollitz said.
"They had a bronze Blue Cross plan that was $250 a
month ... for a 40-year-old. The bronze had a $6,000
deductible, but the silver had a $3,000 deductible."
"The bronze plans, all the ones I've seen, have $5,000
or $6,000 deductibles," she said. Combine those
deductibles with the maximum out-of-pocket costs of
$6,350 for individuals and $12,700 for families, and
"that's a big exposure," Pollitz said. "It's a little
bit of a gamble, and understanding the potential
[expenses] is a little bit abstract to most people.
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