Finally got to price check Obamacare, although I’m not eligible as my employer offers insurance.
Currently, I pay $351.46 a month, or $4217.52 a year.
I can get a ‘silver plan’ for $7530. I would qualify for a 12% subsidy of $936, bringing my annual price down to $6594, or $549 a month. This is about $200 dollars a month more that what I pay now.
The ‘bronze plan’ is $4214 a year or $351 a month, exactly what I pay now until the subsidy is subtracted. The plan would then be $3709, or 309 a month.
Seems like not that big a deal, right?
But what is most interesting is that the price I pay now for insurance is not the whole cost of my coverage. My employer picks up the rest, like most employers do. The cost of my insurance is actually $17,124.82 a year.
So where did all the money go? What happened to that other $13,000?
I timed out on the gold an platinum plans. I really want to see what those prices are like.