iacisrmma
Don’t generalize about costs doubling EVERY state is different.
Mrs. CTL and I have a policy purchased thru the Connecticut Health Care Exchange. I am self employed and always provided my own coverage. Our increase for 2017 will be 17%.
This is comparable for what other companies/plans are increasing in the group markets in CT.
Now for the benefits:
Preexisting conditions cannot prevent your from being covered
No more coverage caps.
Our policy is with the same carrier we had before Obamacare. It used to have a $1million annual cap, $3million lifetime, Those in the CR may know that Mrs. CTL spent a month on life support this spring and has had numerous surgeries, etc (another next Tuesday). Her bills have totaled more than $2million this year. That would have wiped out much of our equity and destroyed planned retirement,
If you have a life changing event, you can get coverage, even if it is not the annual enrollment period. Our 28 year old was working for a company who went belly up in 2014. Cobra was cost prohibitive as she was going from a good salary to unemployment compensation overnight. One call to the CT Healthcare Exchange got her immediate coverage with premiums based on her expected Unemployment Compensation income. Premium was only $35 per month. She had a new position within 3 weeks, but had to wait 90 days for company benefits…this took good care of her.
Our 20 year old is still covered on our policy until 26.
Our policy is with the same carrier as before and costs $600 less per month (and I don’t qualify for an income based savings).
Instead of losing doctors and hospitals, many specialists who didn’t take our policy before Obamacare, do now.