Posted by admin | Posted in ACA-Obamacare | Posted on 28-01-2014
Foxnews says that most American’s don’t realize that Obamacare (ACA) signup has a fixed deadline. It’s Mar 31, 2014, about 2 months from this writing. It’s a deadline with yucky consequences in two ways.
- If you don’t signup for insurance by that date, you aren’t allowed to signup at all until the next open enrollment period which begins on Nov 15, 2014 (notice how it’s after the midterm elections?), however they make exceptions if you have a qualifying event (new job, new marriage, etc)
- If you miss that Mar 31 deadline you will be subject to the penalty, which is $95 for the first year OR 1% of your income. Most people who are even aware of the penalty only assume it’s $95. But since you likely make more than $9500/yr your fine/tax/whatever will likely be much more than just $95.
You can avoid all that headache by joining a health care sharing ministry. Membership in a qualifying HCSM (Samaritan is one! yay!) exempts you from the individual mandate of the ACA so you won’t pay a fine or tax at all, and you don’t have to pay for overpriced insurance or risk your financial security with the Obamacare website. This site has a ton of great information about Samaritan Ministries and even info on the other two qualifying HCSMs so you can get lots of detail about how easy this switch can be for your family.
Let me know if you have any questions.
I think the biggest scam in the insurance world and the ACA is the theory that preventative care is now free on insurance plans. Nothing could be further from the truth. Going to the doctor is not free. Ever. Someone is paying for that. If you go for a checkup and pay nothing, insurance pays for you. But you paid for that checkup through your premiums. Did you notice that your premiums went up a LOT? I’m not counting subsidies, just regular premium. For most people those went up a significant amount. Our Obamacare policy went up $230/month. $230/mo x 12 mo = $2760/yr. Am I going to spend $2760 in preventative visits in a year (for the whole family?) Pretty unlikely for us. A doctor visit is about $100. Mammograms about $300. Complete physicals no more than $200. I’m not getting anywhere close to $2760. So for the privilege of getting “free” checkups and a mammogram I get to pay about $2000 per year more than necessary. Gee thanks.
Unfortunately our society is blinded by free. It didn’t come out of our pocket at that moment, so it must be free. Wake up everyone, nothing is free, especially when it comes to health care.
What about those people getting subsidies? Yup, their monthly cost may be lower and they are getting “free” checkups. Who is paying for those subsidies? Oh that’s right, American taxpayers are! So even though you’re not paying, you’re still paying! How that’s for a bait and switch of massive proportions? What a con game and millions are falling for it! You don’t make enough to pay taxes? What about your neighbors? Anyone who is paying taxes is paying for Obamacare and paying for everyone’s “free” checkups. Nothing is free in healthcare.
Health care sharing ministries typically do not pay for preventative care. They abide by a set of guidelines which believe that small burdens like taking care of ourselves on a routine basis should be ours to bear. But if something big happens then these ministries step in to get those needs paid. America has been so taken up with the idea of “free” that hearing those checkups will be ours to pay for as members of an HCSM, at first we rebel. But when you sit down and think about, and do the math, you will soon realize the truth. And that truth can lead to a new realization of how Americans are getting scammed. It’s better to stand on our own two feet than to let someone else do for us what we should be doing ourselves.
Posted by admin | Posted in ACA-Obamacare | Posted on 24-01-2014
More information is coming out about those people who are enrolling in Medicaid. Not all of them are aware that the states all have a right to recover Medicaid health expenses by taking your assets. It’s been a law since 1993 when the gov’t finally figured out that Medicaid was prohibitively expensive. The state can’t take assets while you’re alive (like your house), or if there is a surviving spouse, or if you’re under age 55. But they can and do recover money after your death. California got $44.6 million in 2004 from this very thing. For someone planning to leave a small inheritance to their children it comes as a shock. Now, I’m not necessarily thinking this is a bad thing in all cases, Medicaid is taxpayer funded, and if someone has assets it makes sense that money should go back into taxpayer coffers through estate recovery otherwise gaming the system would be far too easy. I’m still not entirely sure how I feel about it. But for those people who are essentially being FORCED onto Medicaid by the ACA exchanges this presents a real problem, especially if they built a sizable nest egg and want to pay their own way, outside of government control.
It’s not uncommon for someone to be asset rich and cash poor. Farmers come to mind. And the elderly who have done a great job of saving money for retirement, but now have a small retirement income. The vast majority of those people don’t really belong in Medicaid, they have assets they can draw on, and from what I’ve read and heard, a great many would rather pay their own way with insurance. It is often a matter of pride. The ACA is telling people who qualify that they have to get medicaid, and they don’t qualify for subsidies on a regular plan simply because of that Medicaid qualification. I don’t understand this. Why not just give them the equivalent medicaid monthly value toward a standard insurance plan? The answer is because Medicaid has a different payment agreement with doctors, basically doctors are paid a lot less. This in turn means that Medicaid patients have more trouble finding a doctor who will see them. The ACA is forcing people, based on just a couple of factors, into the cattle chute of medicine and without care to how it will affect their level of treatment or their dignity. This is wrong. Very wrong.
Health care sharing ministries are one possible answer. HCSM’s offer a way off the government system, often for less money and with better “coverage”. Samaritan Ministries is an HCSM which doesn’t encourage or require you to join Medicaid or any other government program (like medicare). You can protect your assets, get money from other members to pay your medical bills, and not have to worry about the State coming after your estate when you die.