Posts
1808
Joined
6/26/2007
Location
Golden, CO
US
Moto_Geek
10/19/2017 1:48pm
10/19/2017 1:48pm
Anyone else in this boat? I'm self insured self employed, paying $900 month with 7500 deductable family of 4 with Cigna, Just learned government approved a 42% cost increase allowed for Cigna! Looks like racing and track riding will have to stop. Can't afford to get hurt now! People with group plans at corporation are not out of the woods. they are going to have a Cadillac Plan Tax by 2020 for group plans, 40% increase. Affordable Act, my ass.. 
This is surely going to impact peoples decision to purchase dirt bikes now!
Cadillac Tax
The Affordable Care Act’s high-cost plan tax (HCPT), popularly known as the “Cadillac tax,” is a 40 percent excise tax on employer plans exceeding $10,200 in premiums per year for individuals and $27,500 for families. The tax is scheduled to take effect in 2020. Employer and employee premium contributions will count against the threshold, as will most employer and (pretax) employee contributions to health savings accounts (HSAs), Archer medical savings accounts (MSAs), flexible spending accounts (FSAs), and health reimbursement accounts (HRAs).1 Guidelines for determining which coverage is taxed are partly subject to interpretation by the Internal Revenue Service (IRS); the information provided here reflects the most up-to-date guidance.2,3
This is surely going to impact peoples decision to purchase dirt bikes now!
Cadillac Tax
The Affordable Care Act’s high-cost plan tax (HCPT), popularly known as the “Cadillac tax,” is a 40 percent excise tax on employer plans exceeding $10,200 in premiums per year for individuals and $27,500 for families. The tax is scheduled to take effect in 2020. Employer and employee premium contributions will count against the threshold, as will most employer and (pretax) employee contributions to health savings accounts (HSAs), Archer medical savings accounts (MSAs), flexible spending accounts (FSAs), and health reimbursement accounts (HRAs).1 Guidelines for determining which coverage is taxed are partly subject to interpretation by the Internal Revenue Service (IRS); the information provided here reflects the most up-to-date guidance.2,3
Been kicking around doing more riding next year...not after the wife pulled up the insurance numbers for next year.
If costs get much higher I’ll just go back to being uninsured. Worked out well for me in the past and currently seems to work out well enough for all the people clearly not paying much if any taxes and are just on government help. I’m all about paying my fair share but it gets hard to justify when I keep getting bent over further to pay for other people’s decisions in life.
The Shop
Or I can take a plan with a $13,500 deductible for $1500/month.
To all those getting “free” health insurance...You are welcome! (I’m paying for your “free” insurance.)
It goes against everything I believe-and I’m certain it was the plan from the beginning-but I’m just about ready for a single payer system...it will probably cost me more in taxes than I’m paying in premiums, but I’m so tired of the whole dance that I almost don’t care any more...Just let me go to the doctor whenever I want and never see a bill, nor a bill from the insurance company and let’s be done with it.
Private businesses will jack up prices because its required by law to buy from them........
Geee who woulda seen that coming?????
No longer by the people for the people
but rather a guvment by the lobbyist for the lobbyist
Well, I agree!
Pit Row
ROCZEN TO RETURN TO A1 in 2020!
I am glad I don’t have to deal with insurance for primary care or emergency care. Sure the wait times for shoulder surgery or hip and knee replacement are long, but just a generation ago, these things didn’t exist and the wait is longer. For emergency situations, there is no wait time. Every time I go for healthcare, I have to take out my wallet, but only to get my healthcare card. Oh and I get to choose my own doctor (and she is hot!, just ask my wife).
Honestly, I feel for you guys when you talk about deductibles being $20k. What’s the point of having insurance if the first $20k comes out of your pocket. So if your monthly premium is $1,500 that $18k out of your pocket for not one visit, then you still get to pay the next $20k before the insurance company starts to provide any services that you have paid for? Is this correct?
Forgive me, but I am a canucklehaed. I only grasp deductibles as they relate to auto insurance and then, the highest deductible is $500 per accident that you are responsible for causing.
Sorry guys. I know I couldnt afford health insurance in your country and that is a scary thought to me.
The US’s health outcomes are poorer than a majority of our industrialized counter parts and we out spend all of them.
Edit: and under a single payer system you can forget about the stress of premiums and copays.
I get that people are skeptical of the government, but I hate scheming CEOs a lot more.
It's completely unsustainable.
I cannot afford insurance. Neither is it a good value since I don't really go to the doctors.
And since I can't afford it, I'll be fined $3000 / year.
I'm more than happy to help those in need, but it's not right when a subsidizer can't afford the product he's subsidizing.
I'm going to look into the Christian based plans. $150 I can afford. $600-700 for just me with a $6500 deductible? I'll pass.
https://www.chministries.org
What do you guys think?
The plan costs less than the tax fines.
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