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Friday, September 27, 2013
Ind. Gov't. - "A Guide to the New Exchanges For Health Insurance", and Kentucky's decision
Tara Siegel Bernard, personal finance reporter for the NY Times, has a long, useful Q & A today about how the new insurance exchanges will actually work. (Remember, if you are on Medcare (likely 65 or over) this does not affect you; and if you have insurance at work, it is not likely to affect you, but read the column to be sure.)
Here is one portion of the column that highlights a matter at issue here in Indiana:
Q. Am I eligible for Medicaid?(Note: there are some useful internal links in the above quotes that I have not reproduced.)
A. The health care law aimed to expand Medicaid so that everyone under age 65 would qualify if they earned up to 138 percent of the federal poverty level (that’s about $16,000 for an individual and $32,500 for a family of four in 2014). But the Supreme Court ruled in June that the decision to expand Medicaid is up to the states — and only 26 states have decided to move forward, according to Kaiser. [Indiana is not one of them]
Q. So if I’m poor but not eligible for Medicaid, can I get insurance on the exchange?
A. Yes, but unfortunately, many people in this situation won’t be able to afford it. People who don’t qualify for their state’s Medicaid program but earn too little to qualify for subsidies on the exchange will have to pay full price for the coverage offered on the exchanges. So if you can’t get Medicaid and your income is below 100 percent of the poverty level, you will not be eligible for subsidized coverage on the exchange.
Also really interesting today from the NYT is this op-ed from the Governor of Kentucky on why "Kentucky — more quickly than almost any other state — [is] moving to implement the Affordable Care Act".
Posted by Marcia Oddi on September 27, 2013 07:53 PM
Posted to Indiana Government