I was over at the Dish looking for something to point and laugh at, and then I end up learning something plus reading a touching story about job lock. Damn you!
Or maybe I’m biased because my own insurance situation has gotten better. Here’s what’s happened in my individual case.
I stayed on my Newsweek plan via COBRA for my first year as a new business-owner…..in 2013 I had total out-of-pocket costs (premiums plus my out-of-pocket maximum of $2,500) of $20,927.08. This year, my ACA plan – a Platinum DC-based one – has a monthly premium of $1,106.33 for the two of us, with an in-network out-of-pocket maximum of $1,800 per person. My out of pocket medical costs this year will therefore be $15,075.96….
So I’m a lot better off with Obamacare this year. I’m also buoyed by the fact that DC’s exchanges have a high number of the young and healthy in them – balancing out my aging AIDSy ass. So I’m reasonably confident my plan won’t go down the toilet any time soon, or face big hikes in premiums. And this new insurance means a lot more to me than the old one – because it cannot be taken away, even if the Dish goes belly-up.
So Andrew got a better plan, cheaper with guaranteed protection that he can renew it.
I bet this story will be played out numerous times over the next couple of years as people attempt to convert their hobbies or sidelines into primary jobs.