ducks

Post ObamaCare: Getting My Ducks in the Water
Why?

If you have ever been around ducks, you know that getting them to go the direction that you want them to can be a challenge. With the onset of the ACA (aka ObamaCare), I found that getting my insurance coordinated is quite a challenge. I recently lost my health insurance (cutbacks in the WA community college system to reduce expenses, in part due to the new health insurance mandates, I'm told) and needed to figure out where to get the insurance that is required under the new law. I discovered that just one policy wasn't going to cover my potential needs. This site is a compilation of some resources that I found to be helpful.

So what are the problems with the new system? There are two main classes of problems that are arising as the ACA is implemented. Because all insured are required to carry some coverages that they weren't before (for example, men must carry maternity cover whether they are fertile, married or not), premiums and deductible limits are changing and in general are increasing. The risk that an insurance company is going to have to pay for a claim is increased as the number of people insured for coverage of a claim class increases. Remember, traditional insurance is based on risk reduction. Risk goes up, premiums go up. One way for insurance companies to reduce the expenses associated with this increased risk is to reduce their financial liability. So, deductible levels (the amount of money that the insured has to pay before the insurer pays) increase. Another way for insurers to reduce risk is to limit those classes of claims that are covered. This means that claims such as cancer, may not be covered because of the greater number of required claim classes. Dropping a non-required claim class makes up for the newly required classes of claims. If the insured has the health problem that is being dropped in general, the law requires the insurer to continue coverage. But the insurer is not limited in premium increases to continue providing coverage to that person, because the general number of insured for that class has reduced and there are fewer people to spread the specific claim cost among.