The IBJ headline says it all: "Indiana insurance exchanges are pricey." Assuming you are able to eventually log onto the website and sign up to participate in the exchange set up by the federal government since Gov. Mike Pence refused to set up an exchange for the state's citizens, you'll find offered premium rates that are among the 10 most-expensive states in the country according to data released by the Department of Health & Human Services. Persons who enroll in the program and who earn less than 400% of the poverty rate will be eligible to receive tax credits to offset their costs but only after paying out-of-pocket the cost of the pricey premiums up front.
UPDATE: A few readers have brought to my attention final ACA rules that allow persons who qualify for the reduced premiums because their income is below 400% of the poverty level to receive the discounted premium up front rather than claiming a tax credit for premiums paid. Any source
No comments:
Post a Comment