Friday, October 25, 2013

How to figure your health insurance costs

Presumably the new Health Insurance Marketplace at will get straightened out at some point, but until then you can use the new  Get Covered Calculator released by Enroll America.

You can find out in less than a minute what coverage might cost you.

 The tool  provides individuals and families with realistic cost estimates for new coverage using basic information. In a clean, jargon-free interface. The calculator produces an estimated price range of what the consumer would be eligible for through their marketplace. The Get Covered Calculator uses the most up-to-date data to provide consumers an estimate of what they’re eligible for based on the state in which they live, and then connects them directly to the appropriate place for them to start the enrollment process.

The calculator is free, easy to use and doesn’t require or retain any sensitive personal information. It may tell you that you are not eligible for Obamacare subsidies and may never need to go to

But in all likelihood it will surprise you. An Oakland County couple, both aged 63 and earning combined income of $62,040 per year,  would qualify for coverage costing $235 to $491 per month once their $544 monthly subsidy was figured in.

That’s a great deal and once more people discover this and their stories spread, opposition to the program may fade away.

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