Monday, November 04, 2013

Would Obamacare affect retiree health insurance from ex-employers before Medicare eligibility?

Are retirees who buy health insurance from their former employers (as I did until I went onto Medicare) affected by Obamacare? 
  
It’s a good question.  My own individual policy from ING with United Health Care cost about $165 a month and covered only 70% if hospitalization, which I never needed.  It did get good pre-discounts on outpatient tests (about 70% off).  I doubt that it covered maternity, mental illness, or drug addiction issues.  Would it have to now?
  
NPR has a link  on how Obamacare affects people already on Medicare – not a lot.  They may have more coverage on annual physicals and by 2020 some closure of the doughnut hole in prescription drug coverage.
    
Self-employed seniors under 65 who are self-employed (that’s a lot of people) may want to check the article Monday morning November 4, 2013 I the Washington Post by Arianna Eunjung Cha and Lena H. Sun about the “sticker shock” and “anger” about higher premiums for many who aren’t likely to use all the services and qualify for aid, link here. Again, it sounds as though maternity and drug abuse coverage, of no value to many in this population, could be an issue.  The print version refers to the health care law’s “losers”.
Okay, in the Army, we used to make fun of the adage, “From each according to his ability, to each according to his needs”.   

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