TRIPLED PRICE: THIS IS OBAMACARE

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Many recipients of the Affordable Care Act have gotten a letter similar to the above letter in the past month. (This sample is from a Georgia man who has Blue Cross / Blue Shield)

The letter lets them know that their health insurance premiums are doubling and in some cases tripling because the health insurance companies are dropping out of the health care marketplace left and right.

And if they don’t sign up for a new, more expensive plan?

They will get fined $695 per adult family member.

From Healthcare.gov:

 

The fee for not having health insurance in 2016

The fee is calculated 2 different ways – as a percentage of your household income, and per person. You’ll pay whichever is higher. The fee rises with inflation in future years. Final 2017 amounts will be published when available.

Percentage of income

  • 2.5% of household income
  • Maximum: Total yearly premium for the national average price of a Bronze plan sold through the Marketplace

Per person

  • $695 per adult
  • $347.50 per child under 18
  • Maximum: $2,085

 

Get ready to pay up or pay up!

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