Contributors

Monday, February 03, 2014

Saving $$$ With Obamacare?

Financial adviser Jay Larson has done quite well for himself in life so it makes sense that he would look to save money on his health care expenditures. Guess what he found out?

I am 63 and my wife is 61. Beginning on July 1, 2012, through Jan. 1, 2014, the cost of our MCHA premium was $1,788 per month for my wife and me. This was for a $1,000 deductible plan for both my wife and me, with a maximum lifetime benefit of $5 million. My wife and I have now enrolled in Obamacare via a large, well-known health insurance company with coverage that began Jan. 1, 2014. We are now paying $1,053.98 per month (compared with $1,788 per month in the previously mentioned pre-Obamacare plan) with a similar $1,000 deductible. This is a savings of $734 per month ­— $8,808 per year. A 41 percent cost savings. Wow!

Wow is right...even the wealthy are saving money now?

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