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Do the subsidized plans actually cover anything? I'm on an Obamacare plan that basically covers catastrophic health care and everything else I pay for. If it's
by YPCrumble 9y ago
Do the subsidized plans actually cover anything? I'm on an Obamacare plan that basically covers catastrophic health care and everything else I pay for.
If it's a subsidized catastrophic plan that's not helpful. I'd be surprised if they subsidized one of the regular plans in full.
- learc83 9y agoIt's not a subsidized catastrophic. The subsidy is pegged to the 2nd cheapest silver plan in your area. Silver is 2 steps above catastrophic coverage (catastrophic > bronze > silver > gold > platinum). The subsidy is calculated so that you won't have to pay more than x% of your income for the 2nd cheapest silver plan. 2% of your income if you make between 100% and 133% of the federal poverty level, and 9.5% if you make between 300% and than 400%. With a sliding scale in between. Here's what the sliver plan covers. http://www.medicoverage.com/health-insurance-blog/news/silver-healthcare-exchange-plan http://www.medicoverage.com/health-insurance-blog/news/silve... The real problem happens when you make below the poverty level, but you live in a state that hasn't expanded medicaid. Then thanks to the governor's of those states, you get nothing.