Lots to gain with health care act
To the editor:
The Affordable Care Act is much in the news. But the coverage has focused on Washington politics and “premiums” rather than the following key points:
(1) This law offers an alternative to spaghetti dinners to pay for your neighbor’s surgery or cancer care. (2) Most people without health insurance qualify for tax credits that substantially reduce the cost they will have to pay for insurance. (3) For most people, this is much better coverage than has been available on the individual insurance market. Policies purchased through the marketplace include most preventive and testing services without any co-pay. (4) Importantly, insurance companies may not use pre-existing conditions to deny coverage.
Tax credits are available to individuals with income up to $45,960 and families of four with incomes up to $94,200. At the federal “poverty level” ($11,490 for individual, $23,550 for family of four), the resulting monthly costs would be approximately $19 an individual, $36 for the family. An individual earning $30,000 would have a monthly cost for insurance of approximately $209.
To get an estimate of your costs, search for “subsidy calculator” on the internet. Just answer 7 easy questions and the estimate appears. Some people who have employer-supplied insurance will be able to use the marketplace. This would be due to either their premiums being too high or the coverage not meeting certain requirements. Further information is available at www.healthcare.gov or at educational sessions at local libraries. On Saturday, October 5, there will be an educational session at the Peterborough Library from 2 to 3 p.m.