For One Texas Family, ObamaCare Could Double Their Cost For Health Coverage

According To Kaiser’s ObamaCare Calculator, A Texas Family’s “Annual Premium Costs For Health Insurance Would Be Almost Double” Under ObamaCare. “Based on the Kaiser Family Foundation’s online calculator, the Wolf family’s annual premium costs for health insurance would be almost double their current costs if they purchase a benchmark plan through the federal exchange that will be offered to Texas residents.” (Carla K. Johnson, “Middle Class Family Braces For Higher Premiums,” The Associated Press, 9/11/13)

Under ObamaCare, The Family Will Pay $7,004 More. “If a yearly income of $130,000 is assumed, the Wolfs would pay an annual premium of $14,804 for the mid-range insurance plan, called a Silver Plan. Their current annual premium is about $7,800.” (Carla K. Johnson, “Middle Class Family Braces For Higher Premiums,” The Associated Press, 9/11/13)

  • “A Less Comprehensive Bronze Plan” Than What The Family Currently Has Would Cost The Family $12,270 Under ObamaCare. “Instead, they could buy a less comprehensive Bronze plan for $12,270 a year. Or they would be eligible to purchase catastrophic coverage for even less, although it’s not clear how much this type of coverage would cost the Wolfs. A catastrophic plan would cover only preventive care. All the plans would come with an annual cost-sharing limit of $12,700 for the family, meaning they wouldn’t have to pay more than that out-of-pocket after paying their premiums.” (Carla K. Johnson, “Middle Class Family Braces For Higher Premiums,” The Associated Press, 9/11/13)

Due To The High Costs, The Family Might Be Forced To Choose A Plan With High-Out-Of Pocket Costs In Order To Save Money. “Many health care expenses aren’t predictable and there is risk inherent in choosing a plan with a higher out-of-pocket costs and lower premiums, but the Wolfs are willing to take their chances.” (Carla K. Johnson, “Middle Class Family Braces For Higher Premiums,” The Associated Press, 9/11/13)