Just received this email from a viewer and I have removed the name :
I have a topic that has me very concerned. What happens to all the people whose insurance is being cancelled December 31?
My son has a great policy that we took out while he was still in college. After he graduated, he had a couple of jobs that kept him part time so they didn’t have to pay benefits and he was also laid off for almost a year. So we decided to keep his individual policy no matter where he worked. Thank goodness we did. He was diagnosed with two life threatening diseases a few years ago and will have high medical and medication expenses the rest of his life.. His premium has gone up some over the years but not because of that, mainly because all insurance premiums have. It is a $250 deductible with $1700 out of pocket expenses annually. One of his medications cost $1900 to fill.
He works in public health care and he loves what he does but he will never make mega bucks. We pay for his policy and out of pocket expenses, which with the great policy is less than $5000 annually including premiums. He has insurance through his job but it is not very good. With his health as it is, as long as he takes his medications, he can lead a fairly normal life. The medicine takes it toll on him but he is a real trooper and works everyday to help others.
We are about to retire but feel we have to keep his individual policy. Looking at what the new options are, the premium will probably go up and the out of pocket will be around 5 to 7000 annually. Not sure how we’ll manage over $10,000 a year but he can’t be without insurance there is no way we or he can afford his medications. We are also worried that he won’t be able to use the same doctors or get as good of care on any other insurance.
In doing nothing, his insurance will be cancelled December 31 and if Obamacare flops, what then? We won’t be able to get the same policy he had and even if we could, the premiums will be out of sight because of his illnesses. There has to be a way to delay the individual mandate. There are so many people in the same situation we are in and they have all said they can’t afford to pay more for insurance and cover their medical expenses. So come January 1, there will millions more uninsured people. No one has really expressed this disaster that is waiting to happen. , If people run the numbers, they will see that few people can afford health insurance that make under $40,000 annually, especially families and they won’t qualify for government assistance.
This individual policy has been a life safer for our son.
Very few people know of my son’s illnesses so would prefer you don’t use my real name if you even address this issue and I pray that you do. He may become more vocal if he is for sure going to lose his insurance.
One very worried parent,