Ask Your Peers  Questions regarding Obamacare (Closed)

I’m a P&C agent and one of my clients recently asked me some
questions about the new Obamacare. I found some general information, but maybe
some of you can help answer her questions:
“How much do you think the cost will be per month with the
mandatory health care?”
She is 32 and healthy, but she hasn’t carried coverage since 2007.
Will this be an issue? What is the penalty fine for not carrying health
insurance?
Thank you in advance for your help!

Check out Josh Hilgers at HPA-- National Private Exchanges.

George, do you have a website for Josh Hilgers? I will google the name as well.

Thanks

Tim, what State are you in? Each State will have different rates and exchanges that are either State or Government run.

There are many things to consider before giving advice. Since I don't have all of the information I will just give some observations and ideas. If someone has a low income they may qualify for a large subsidy from (I really don't know where all of this money is coming from) the Government, however, there will be large deductibles. If a person is self-employed or receives a 1099 they may want to consider using an HRA (and possibly and HSA and/or and FSA).

For those who decide NOT to purchase insurance, or have a high deductible, I would recommend buying a good Critical Illness plan together with a good Accident plan. This will provide protection if a catastrophic accident or illness occurs and put cash in-hand almost immediately. And the cost is much less than a health insurance plan.

I did a search and found some information. I am in Oregon. This website was helpful. http://www.coveroregon.com/

October 1st is right around the corner. Thanks for all the help here. The insurance forums are all over the place on this topic. I used the premium calculator found on the coveroregon site and gave me an idea of price but looking at the information I have found on other sites this is a first year price and as more people opt out the prices for those who do participate will increase annually.