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progree

(13,008 posts)

74. "I'm 62 and my subsidy of $475.00/yr pays all but $28.55 of my premium" - do you mean $475/mo?

Tue Mar 18, 2014, 11:50 PM

Mar 2014

[font color = blue]>> #20. - "I'm 62 and my subsidy of $475.00/yr pays all but $28.55 of my premium. And the silver plan I have is $500 deductible, $650.00 out of pocket max." << [/font]

There is no ACA-compliant private insurance with a total premium of $475/yr + 28.55/yr = $503.55/yr . If the part you pay is 28.55/mo = 12*28.55 = $342.60/yr, that comes to a total premium of $475/yr + 342.60/yr = $817.60/yr. There is no ACA-compliant private insurance with a total premium of $817.60/yr either.

Especially not for a 62 year old.

Now I can believe a subsidy of $475/mo + the part you pay of 28.55/mo = 530.55/mo total premium. That sounds about right (actually that's pretty good for a 62 yo with the deductible and out of pocket max you cite).

I did piddle around with healthcare.gov (I assumed your county was Fulton, GA, just to pick one) and put in an income of $11,500 like you said in another post, and I didn't see anything like $500/year total premiums.

Am I missing some critical piece of information? Thanks

Anyway, I'm glad it worked out real well for you -- the part of the premium you pay being only $28.55/yr or $28.55/mo either way, that's great especially with the $500 deductible, $650.00 out of pocket max.

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"I'm 62 and my subsidy of $475.00/yr pays all but $28.55 of my premium" - do you mean $475/mo? progree Mar 2014 #74

You're conflating 2 separate parties Glitterati Mar 2014 #77

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