<p>
I will admit that I am not, by nature, a patient person. However, I am not thrilled with being what amounts to a Beta tester for ACA either. It’s fair, in my opinion, to allow those of us with cancelled policies and want to keep them to do so. Once the mandate kicks in for everyone, maybe this network thing will correct. Now I just have to wait and see if we can get my cancelled policy back.</p>
<p>“It’s just that I can’t afford the cost of the insurance and I can’t afford the cost of the deductible, so I’ll accept the risk.”</p>
<p>Probably the same thing a young healthy person will conclude about whether to purchase health insurance.</p>
<p>People want to keep their old plans but they want the end of preconditions, annual caps, and lifetime caps. (This costs a lot of money).</p>
<p>And it is easier now for people to keep their old plans and feel safe. Never been easier.
Why? Because if we are fortunate to stay in our old plans, many old plans have already gotten rid of the caps because of ACA. And we no longer have to worry about preconditions. </p>
<p>So… If we can keep our old plans… We get a get out of jail free card. Who doesnt want a get out of jail free card? We get sick in 2014 and boom, we choose a full ACA plan in 2015. The preconditions didnt get us.</p>
<p>If we really turned back the clock and got rid of ACA, the caps would come back and preconditions would exist. I dont find that too exciting.</p>
<p>My daughter would have blown thru those annual caps with the Calif state supported high risk plans.</p>
<p>Southbel #4807</p>
<p>My sentiments exactly</p>
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</p>
<p>Just curious – what was your policy lacking that caused it to be canceled?</p>
<p>I am surprised that so many policies were canceled - it makes me think that the new rules are requiring coverage for things that are not necessary.</p>
<p>
Capital gains are on Schedule D. Rents and royalties are on Schedule E and are taxed at the same rate as ordinary income.</p>
<p>I can’t imagine that the government would bail me out if The Big One happened. But we don’t have earthquake insurance because it’s not worth it. I live probably four miles from the San Andreas Fault, so earthquakes here are not a hypothetical. If one happens, it happens. We’re prepared, but we have no insurance.</p>
<p>Blue Shield’s lifetime cap was $6 million. Has been unlimited since 2010 so in the last 4 years I am sure the premium was already adjusted for the lifting of the cap.</p>
<p>I don’t understand why banks don’t require earthquake insurance as a requirement for a mortgage for a home sitting on a fault?</p>
<p>The cost for my earthquake policy is the same as my homeowners policy.</p>
<p>
Maternity rider. I can’t have more children so it didn’t worry me not having maternity.</p>
<p>
But if my house sustained earthquake damage beyond the amount I could afford to fix on my own, I wouldn’t be pushing the cost onto anyone else. I’d sell out – some realtor or developer with the money to rebuild could come in, buy my property at a bargain rate, tear the old house down, and rebuild. In any case, its a fixed, predictable cost: even if I chose to buy insurance, the company would never pay more than a $$ cost that is based on square footage and actual value of my existing home. I haven’t looked at my policy recently, but I think that’s probably about a maximum of $170K or so that the insurance would ever pay out no matter what the damage. So I can do risk/benefit analysis because the cost of premium vs. maximum possible payout is a known figure. </p>
<p>Same with the car, though on a smaller scale: if you are very liberal, blue book on my car might be $2500. So I can easily do the math for that type of coverage – but the liability is a different thing entirely. So I have higher liability coverage on my car and and umbrella policy – because the liability is open ended.</p>
<p>[Health</a> reform law ends lifetime limits for 105 million Americans](<a href=“http://www.hhs.gov/news/press/2012pres/03/20120305a.html]Health”>http://www.hhs.gov/news/press/2012pres/03/20120305a.html)</p>
<p>“While some plans provided coverage without dollar limits on lifetime benefits, 105 million Americans were previously in health plans that had lifetime limits. HHS estimates that 70 million people in large employer plans, 25 million people in small employer plans, and 10 million people with individually purchased health insurance had lifetime limits on their health benefits prior to the passage of the Affordable Care Act.
This includes 39.5 million women and 28 million children; 11.8 million Latinos and 10.4 million African Americans.”</p>
<p><a href=“http://www.nationalpartnership.org/research-library/health-care/eliminating-costly-caps-on-coverage.pdf[/url]”>http://www.nationalpartnership.org/research-library/health-care/eliminating-costly-caps-on-coverage.pdf</a></p>
<p>" More than 67 million women and children are enrolled in plans that had to eliminate lifetime limits on coverage under the ACA.
Between 2010 and 2014, the ACA phases out annual limits caps on the total amount of money a health plan will spend on essential health benefits for an individual or family in a given plan year.2
Plans issued or renewed on or after September 23, 2010 cannot set annual limits below $750,000.
Plans issues or renewed on or after September 23, 2011 cannot set annual limits below $1.25 million.
Plans issues or renewed on or after September 23, 2012 cannot set annual limits below $2 million.
Beginning January 1, 2014, all annual limits on essential health benefits are banned."</p>
<p>That’s unfair! If I’m 64 and haven’t approached my lifetime limit (and will get Medicare next year), why should I be subsidizing all those people who got sick so many times?</p>
<p>Yeah… What I need is a rip roaring brain tumor so life can be fair. ;)</p>
<p>It’s really unfair that I’m healthy. What are you complaining about, dstark? At least you got to have a daughter with a brain tumor. All my son has is Aspergers.</p>
<p>CF, :)</p>
<p>How old is your son?</p>
<p>How is he doing?</p>
<p>He’s 23, and he’s doing… OKish. I’m glad he’ll always be able to get some kind of health insurance, because as a single man he wouldn’t have been eligible for Medicaid before, and it’s not obvious that he’ll ever be able to support himself. Maybe he will, maybe he won’t.</p>
<p>I am glad your son will have health insurance too.</p>
<p>Is he working now?</p>
<p>He has a part-time minimum wage job and he is taking one class at community college.</p>