Gary from Northampton, PA Had His Plan Terminated Thanks to ObamaCare
“I’m 54 years old and retired. I’m obviously too young for Medicare and I have no retirement benefits other than a pension. I purchase my health insurance from a health insurance company in Pennsylvania.
I recently received a letter from my health insurance company informing me that my plan was being terminated, even though it meets all of the minimum requirements imposed on health insurance plans by Obamacare. The letter did not state why my plan was being terminated, but a quick phone call to my health insurance company confirmed that Obamacare was the culprit.
I decided to use the websites of the various health insurance providers in my area to find the plans that would be available to me. Long story short, I found that in order to get a plan with the same coverage I have now, it will cost me at least $544/month, or about a 105% increase.
I will only qualify for a tax credit of $90/month, but that won’t help make the new plan any more affordable. The bottom line is that I will not be able to afford to buy a plan with the same coverage I have now. It will cost me far less to go without health insurance and pay the Obamacare penalty (oops, I mean tax).”
– Gary S.