General Discussion
In reply to the discussion: Here's my ACA rate INCREASE for those who doubt... [View all]cilla4progress
(26,526 posts)And I've posted repeatedly here on DU with same response.
My monthly premiums, deductible, and annual out of pocket are going up under ACA. I just got laid off from my job, yet these are the rates under our now LOWER annual household income! My current plan is closing down as of 12/31/13. Our household income is @ just under 400% FPL (depending on whether unemployment benefits are counted, which I assume they are. If so, we are at/about 400% FPL). Maybe my coverage was crappy but, like you, it worked for me.
We won't sink, but unless and until I find a new job (at 58.5 y.o.), our disposable income and household budget is taking a huge hit!
I feel burned because Pres. O. kept reassuring everyone that if we "liked the insurance we had we could keep it." I believed him. What happened?
I think I understand why this is happening. As stated above: cost sharing. But really, @ $70K / yr. for family of 3 and I am expected to shoulder MORE cost? While millionaires and billionaires walk? Seems wrong, to me.