Ask yourself why should a 24 year old pay $7000 + if he believes
he is in good health does not want to support the elderly
population or those that cannot afford to pay.
A 24 year old probably wouldn't want to pay $7000 a year if he can simply pay a $700 fine. I'm not sure where you got the figure of $7000 from, though. Did you just make it up?
In California, a healthy 24 year old probably would opt for a Bronze level plan under Obamacare that is the least expensive, but sill protects him against a major illness. The cost of that plan is just $2064 a year - with no subsidy. A better Silver level plan would be just $2592 a year. Not even close to your $7000 number.
Every state will have a health insurance exchange available later this year, even states like Texas, where the Republicans are doing everything they can to try and prevent Obamacare from working. Health insurance in Texas may not be as inexpensive as in California. For that, you can thank the Republicans.
--- In ibmpensionissues@..., KenSP@... wrote:
Please recognize you maybe one of the lucky ones since your state is willing to set up the exchange. However, I thought California had budget problems which continue to grow while people and companies are leaving the state to go to areas where there is less tax. Florida does not have income or inheritance tax.?I also believe over 30 states have opt out of the program because they say they cannot afford it. This was allowed by the Supreme Court decision which said the government can impose a tax on those who do not buy insurance but cannot force the states not the new program. In these States,? the federal government has to set up the exchanges.? Texas is one of the states. There is a belief that setting up an insurance exchange in the states that have opted out may take many years.? Also there is an issue as to whether the younger person will join the program or just pay the annual $700 additional tax especially if he can purchase insurance at a later date even if he has a precondition. If he finds out he has cancer, according to my understanding he merely buys the insurance at three times the premium a person of his age pays. He cannot be denied. When his health is restore, he drops out of the program and this may result in an increase in premiums of those like yourself in the program to cover rising costs. Ask yourself why should a 24 year old? pay $7000 + if he believes he is in good health does not want to support the elderly population or those that cannot afford? to pay.I have adopted a wait and see attitude as to whether this is going to benefit us or will it become a costly program which will mean cut backs for those of our age.Regardsfrom a person who believes that someone has to pay - nothing is without a cost. A benefit to one person is a detriment to another.----- Original Message -----From: nancygoodenough Date: Friday, June 21, 2013 11:59 pmSubject: [ibmpensionissues] Re: Future Health AccountTo: ibmpensionissues@...> > > I for one can't wait. Right now my individual premium for just > me is over $1600/mo for a high-deductible PPO. California has > posted the exchange for next year. Mine will be $679/month for a > lower deductible/percentage for the same insurance company. It's > working like it should. More people in the pool means the cost > is distributed.> > Now I agree that if they'd just let me and everyone else buy > into Medicare, it would cost so much less without profit in the > stream. But we got a start, and I am so so pleased.> > Nancy> > --- In ibmpensionissues@..., don_m64015@ wrote:> >> > Just wait until the ACA (Obamacare) goes into full effect > starting next year. Employers are going to be bailing out of > Health Care Plans in droves. Individual premiums and co-pays > are going to start going ballistic, until they reach a point > where the vast majority of the public demands a SP-UHC plan, > much like other civilized nations have been using for years. > The simple fact that we pay twice as much for health care...yet > the Value of our plans places us barely in the top 20 > nations...should be telling us something. The Greed and Waste > in our present system will soon spell its doom. > > > > --- In ibmpensionissues@..., Just Puttin' > wrote:> > >> > > Almost daily, some one writes that changing a Health Care > benefit is illegal,,, I am amazed at the wide spread > misunderstanding that Health Care benefits carry the same > characteristics as a Pension Benefit.?? > > > > > > To my knowledge no business organization has Guaranteed > Health Care to employees.?? The federal government has changed > benefits many times.> > > Health care is not and was not ever guaranteed.???? IBM, > Apple, Microsoft, HP, Google,,,, check them out.> > > > > > > > > ??> > > Dick> > > Dance like there is no tomorrow> > > > > > > > > >________________________________> > > > From: Koz60 > > > >To: ibmpensionissues@... > > > >Sent: Wednesday, June 19, 2013 2:02 PM> > > >Subject: [ibmpensionissues] Re: Future Health Account> > > > > > > >> > > >> > > >?? > > > >I was 39 when they switched plans.. 18yrs of service but > only 39 so I got the new plan. Can't believe this is legal. > Wouldn't this be age discrimination? Met company requirements > to retire but they say not old enough to collect the medical > money? Telling me I have to wait till I'm 55 makes sense but > forfeit it all has to be against the law... Some law.. Anyone > know if anyone ever challenged this in court? I would suspect > IBM had it's attorneys lock this down but curious. I would bet > that if this got in front of a jury they would side with the > employee.. But guessing that will never happen. > > > >> > > >--- In ibmpensionissues@..., pvsutera > wrote:> > > >>> > > >> This depends on whether you are on the old pension plan, > 1st or 2nd choicers could retire with 30 years and get their FHA > when they turned 55. Now with Cash-balance folks, born after > June 1959, they need to be 55 and 15 years service to claim > their FHA money. I believe if they are 54 and 14 years service, > they might be able to get a bridge to FHA eligibility, but maybe > not since with 30 years they are retirement eligible already. > This is why it is called the Future Hell Account. > > > >> > > > >> --- In ibmpensionissues@..., Bob Nelson > wrote:> > > >> >> > > >> > I retired with over 30 years but was not 55 and did not > lose my FHA account.> > > >> >> > > >>> > > >> > > >> > > > > > > >> > > >> > >> >> > >
