General Discussion

moriah

(8,312 posts)

43. For quite a few that would have absolutely no other way to finance a surgery....

Fri Oct 11, 2013, 07:35 PM

Oct 2013

... they're going to be on a plan with a cost-sharing reduction, because they will be low enough income to have purchased a Silver plan through the exchange with subsidies.

Now, I would HATE to be in a position where I had to take out a second mortgage on my home to pay for a knee replacement. But if I had a home to take a second mortgage out on, I'd hopefully have some other ways to fund it immediately -- like a good enough of a credit rating to get a CareCredit account and pay it off in a year interest free. (I had one, back in the day, for my cat's vet bills -- they really weren't a bad deal if you paid them off on time.)

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The deductibles on the ACA seem to be really high. My brothers is $10,000. Is that per year? [View all] Logical Oct 2013 OP

But does he have an air conditioner!!!! NoOneMan Oct 2013 #1

LOL. n-t Logical Oct 2013 #6

10k does sound really high. Rex Oct 2013 #2

Silver. The payments are low per month, like $250. But the deductible is scary. n-t Logical Oct 2013 #9

BS. My silver level plan on ACA/CoveredCA has a $500 deductible and a $2250 put-of-pocket limit. kestrel91316 Oct 2013 #22

You might be on a reduced cost-sharing plan because you do have subsidies. moriah Oct 2013 #25

That might be it. Whatever the reason, I'm glad for it I LOVE ACA and it may end up saving my life. kestrel91316 Oct 2013 #35

Typically, yes, it's per year. All states are different. Low decucts=high payments. NYC_SKP Oct 2013 #3

$10K sounds like cathrophic policy if from exchange. Hoyt Oct 2013 #4

10k deductable = no insurance. n/t jaysunb Oct 2013 #5

Not getting no deductible no co-pay diagnostic tests = no healthcare VanillaRhapsody Oct 2013 #18

Prepare to be attacked... wercal Oct 2013 #7

Indeed. I did this a few days ago and was brutally assaulted by our version of Dittoheads... nt ReverendDeuce Oct 2013 #80

are there policies on exchanges with $10K deductibles? Pretzel_Warrior Oct 2013 #8

I would like to know also. Grateful for Hope Oct 2013 #10

Kansas, 2 people. 56 and 52. they both make about $20,000 a year each. $40,000 total. Silver plan. Logical Oct 2013 #11

that sound wrong. why would a silver plan have $10K deductible on exchanges? Pretzel_Warrior Oct 2013 #13

Silver plans are for respectible middle class folks who shouldn't need to choose between food NoOneMan Oct 2013 #14

but most silvers have higher monthly premium and lower deductible Pretzel_Warrior Oct 2013 #15

Why do we need different level of plans? NoOneMan Oct 2013 #17

you must not be familiar with insurance. or economic trade offs Pretzel_Warrior Oct 2013 #19

Why do we need different levels of plans? NoOneMan Oct 2013 #27

because people can choose whether they want to pay lower premium under the probability Pretzel_Warrior Oct 2013 #29

So health insurance sounds like gambling. NoOneMan Oct 2013 #34

most of life is about gambling. a poor person may choose to take on student debt Pretzel_Warrior Oct 2013 #37

Wow, we don't see the world the same NoOneMan Oct 2013 #41

This whole thing is just crap NoOneMan Oct 2013 #51

that is how all insurance works arely staircase Oct 2013 #71

"Nothing new here." Cal Carpenter Oct 2013 #74

Its how insane profit based insurance works NoOneMan Oct 2013 #75

only now everyone will be able to afford it arely staircase Oct 2013 #79

For people who don't use care, getting the lowest possible cost plan is better for them. moriah Oct 2013 #28

So was not having insurance NoOneMan Oct 2013 #31

It does make sure everyone is paying a portion toward catastrophic costs. moriah Oct 2013 #36

Why, you know, you could do that with a single plan NoOneMan Oct 2013 #38

For quite a few that would have absolutely no other way to finance a surgery.... moriah Oct 2013 #43

some % of people (usually young and healthy) who may opt for low premium/high deductible Pretzel_Warrior Oct 2013 #39

This link shows $12,000...... Logical Oct 2013 #23

What was weird on mine (linked below) is the deductibles ScreamingMeemie Oct 2013 #32

The Silver Plans are eligible for the reduction in Out-Of-Pocket expenses. DevonRex Oct 2013 #48

I've already done the application. That's how I got my plans. ScreamingMeemie Oct 2013 #49

Hooray! Well, maybe somebody else will see the info who needs it. DevonRex Oct 2013 #56

I'm glad to do it. I was really amazed at how all the information from the actual plan was ScreamingMeemie Oct 2013 #64

For two people that is the maximum - Ms. Toad Oct 2013 #50

That's a two-person deductible. Yo_Mama Oct 2013 #57

It's definitely not true...that is the Total out of pocket without the subsidies VanillaRhapsody Oct 2013 #26

He is fine with the monthly rates. It is the yearly deductible that is scary. n-t Logical Oct 2013 #45

I think that it the out of pocket max, not the deductible. n/t Ms. Toad Oct 2013 #54

What zip code in Kansas? DevonRex Oct 2013 #33

67501 Logical Oct 2013 #44

Reno County? DURHAM D Oct 2013 #47

Are you sure you're not talking about total out of pocket costs pnwmom Oct 2013 #77

I haven't seen one. nt bluestate10 Oct 2013 #12

Yes. There are. ScreamingMeemie Oct 2013 #20

that's pretty horrendous Pretzel_Warrior Oct 2013 #21

Thanks for this! n-t Logical Oct 2013 #24

Wish we could see the headers on the post MiniMe Oct 2013 #52

What is it you would like to see? ScreamingMeemie Oct 2013 #53

What are the headers to all the columns MiniMe Oct 2013 #55

Each header is for each level (Bronze, Silver, etc.---screenshot enclosed) ScreamingMeemie Oct 2013 #61

Thanks MiniMe Oct 2013 #63

If you have any other questions, ask me or PM me. ScreamingMeemie Oct 2013 #65

what age? Schema Thing Oct 2013 #66

43 with a 15-year-old son. ScreamingMeemie Oct 2013 #67

Very odd. Ms. Toad Oct 2013 #58

Yes. I took another screenshot so you can see the top headers. ScreamingMeemie Oct 2013 #62

Just run the numbers. Ms. Toad Oct 2013 #68

I can't do a high deductible. I'm a preexister who got bounced off her coverage. ScreamingMeemie Oct 2013 #69

At least you've thought it through - Ms. Toad Oct 2013 #72

This message was self-deleted by its author darkangel218 Oct 2013 #78

What is the income of your brother? bluestate10 Oct 2013 #16

it is wrong...see my post above. VanillaRhapsody Oct 2013 #30

Well, he did get subsidies for the monthly rate. But he still said he has a deductible. Are... Logical Oct 2013 #42

I'm not sure about deductible, but there are subsidies for the cost sharing Ms. Toad Oct 2013 #59

I didn't sign him up so I don't have screen shots. So I cannot validate his experience. nt Logical Oct 2013 #40

See my post above. $20,000 each, 56 and 54. The monthly rate is fine. The deductible is scary. n-t Logical Oct 2013 #46

What state does he live in.. what is his income (aprox.)? Motown_Johnny Oct 2013 #60

This is what you get when profit ileus Oct 2013 #70

Yep, crappy high deductible policies for all! quinnox Oct 2013 #73

The silver plan I'm looking at has a deductible of $2250. kestrel91316 Oct 2013 #76