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I love paying $1,300 a month for my health benefits I use a few times a year. What a great badge of honor. Oh, but wait, there's more! I can also pay hundreds o
by BTCOG 6y ago
I love paying $1,300 a month for my health benefits I use a few times a year. What a great badge of honor. Oh, but wait, there's more! I can also pay hundreds of dollars out of my pocket at each visit to a clinic or dentist!
- lotsofpulp 6y agoYou pay extra when you're younger to pay for older people's healthcare. The ACA restricted health insurance premiums for older, costlier people as a multiple of the ideal 21 to 24 year old healthy person. NJ has a good pdf showing how premiums are calculated. https://www.state.nj.us/dobi/division_insurance/ihcseh/ihcrates_2020.pdf https://www.state.nj.us/dobi/division_insurance/ihcseh/ihcra... If you see at the bottom, a 60 year old's age rating factor is 2.714 times a 21 year old's. Which means their premium can't exceed 2.714 times a 21 year old. Obviously a 60 year old uses far more healthcare than 2.7 times the healthcare a 21 year old uses, so effectively it's a tax on the 21 year old to pay for the 60 year old's healthcare.