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medical insurance question


Kit Sober
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I have lost my job, and due to becoming deaf, don't know if I will be able to find another. I know we need to have medical insurance,and I don't know what to do: What is the cheapest way for a senior not working to purchase sufficient medical insurance to avoid the penalty tax of Obamacare. Any suggestions? Help?

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First of all, if one is on Medicare, I am pretty sure you do not need to purchase Health Insurance through the Marketplace Exchanges:

http://www.medicare....arketplace.html

Medicare recipients still have their regular open enrollment period and should do an annual review of their supplemental policies. In some states, information on those supplemental policies may be available at the same website as the Marketplace policies, but make sure you are looking at Medicare policies, not Marketplace ones. This page might help those who either are on Medicare now, or will be eligible soon- https://www.medicare.gov/find-a-plan/questions/home.aspx

The answer to "where to get insurance" for others varies by state and depends on whether a state has moved ahead with the Insurance Exchanges or not.

As for the "penalty tax" thing, that is a sliding scale thing based on income. If you have no income it will not be much of a factor to you. Even if you are working by that time, tax credits will offset much of the cost of the insurance you buy through the state Exchanges. (at least that is the way it is in my state).

I suggest you might start at these US Department of Health pages and follow the links to the parts that apply to you to learn about the ACA and its requirements and benefits: https://www.healthcare.gov/families/

There is some specific info on the fee for not having insurance here: https://www.healthca...verage-in-2014/

As for Nevada (if that is where you still live), this is the website for getting specific information regarding the Insurance Marketplace and other options in the State of Nevada. http://www.carenv.org/index.php/en/

Edited by HAPe4me
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Thanks so very much. I am still in Nevada. I was so worried. (I was afraid my fine would be more than my social security. Thanks so very much.

Thanks so very much. I am still in Nevada. I was so worried. (I was afraid my fine would be more than my social security. Thanks so very much.

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glad I could help. Please do review your medicare Part A/B/C/D coverages each year as your situations, coverages and needs can change each year. I still have a couple of years before I will need to really understand those, and maybe you can help me at that time. However, your Medicare Part A takes care of any requirements you would have under the Affordable Care Act.

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  • 2 weeks later...

what fine are you talking about dear kit?

did you lose your job because of being deaf?

is there a deaf society that will fight for you?

um, don't you qualify for disability?

do you already get social security?

are you entitled to any of fred's social security?

i'm sorry. i just think you should be entitled to HELP. i wish i knew more.

love,e

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This easy calculator may help people to have an estimate of what they will pay if they buy insurance through the health insurance Exchanges. It accounts for your income and the Federal subsidies you may receive to offset the cost of the premiums. This is only an estimate, based on a national average through all states. Your specific costs will vary by state. Enrollment on the Exchanges starts October 1st and will continue to March, but why wait?

http://kff.org/interactive/subsidy-calculator/

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