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Obamacare: A good deal for me and you
Under Obamacare, my health insurance premium will go down by $50 a month for much better coverage. Enter your age, household size and income in the calculator and it will tell you how much your premium will be for what level of coverage you want:
I’m 63 and now pay Kaiser $440 a month for a $2700 deductible plan, under Obamacare I’ll stay at Kaiser and pay $390 a month for a no-deductable plan. That’s a better deal for me.
There are 5 different levels of coverage available you can choose from:
Bronze 60% of health care costs
Silver 70% (this is the one I chose)
As you go higher up in the amount of coverage and age the monthly premium goes up. As your income goes up that drives the premium higher as well.
My monthly premium will actually be higher than I now pay but for much better coverage but the government will now subsidize my premium because of our low income. I end up with saving about $50 a month for a no-deductble plan. Which is much better. I now have to pay out-of-pocket $2700 a year before Kaiser pays. If I have a catastrophic illness, like a heart attack or cancer it's not too bad because I have to pay the first $2700 in a year and then Kaiser pays the rest. A heart attack or cancer can cost hundreds of thousands of dollars.
Under Obamacare, I keep my Kaiser, which I like the service I get there and am familiar with them, my monthly premium goes down $50 a month and I will have no annual deductible. No death panels or end of civilization.
The Fresno Bee has a detailed article here that explains it all:
This mornings Up Front on KPFA 88.1fm interviewed Ken Jacobs Chair of the Labor Center at UC Bekeley about Obamacare: