OBAMA CARE PRESENTATION

What did he do?

• Help poor people.
• What Does Obama care cost?
• What is a health insurance deductible?
• How do health insurance deductibles work?
• How Does Obama care affect dedutibles?
• Cost sharing reduction subsidies and deductibles?

Help poor people.

What Does Obama care cost?

Untitled Slide

What is a health insurance deductible?

• Your health insurance deductible is the amount you have to pay out-of-pocket for covered services before your insurance begins to pay. It doesn’t include premiums, or costs that aren’t covered by your plan.
• Once you meet your deductible your plan will pay it’s share of your coinsurance.

How Does Obama care affect deductibles?

• Under Obama Care Major Medical plans must meet certain cost sharing requirements and can’t have deductibles higher than out-of-pocket maximum limits which are $6,600 for an individual and $13,200 for a family in 2015.

Cost sharing reduction subsidies and deductibles?

• Tax credits won’t lower your deductibles, but both Cost Sharing Reduction subsidies and Medicaid will. Your deductible can never be higher than your out-of-pocket maximum.

Thanks