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healthcare reform Archives - Steinlage Insurance Agency

Working for thirty-two cents on the dollar

By | Making the Most of your Medicare | No Comments

With Healthcare reform cruising into town January 1st 2014, more and more details of the ACA are surfacing. Many uninsured Americans will qualify for coverage via Medicaid, as a major component of the law is the expansion of the Medicaid program.  Medicaid is STATE RUN health insurance coverage offered to children and families at or below the poverty line.  For 2012, the poverty line was drawn at $11,170.  For a family of four, that line grows to $23,050. Under the Affordable Care Act, Medicaid coverage is set to expand coverage to over 16 million additional people, including those making upwards of $32,000/year.  The June Supreme Court made it optional for states to expand Medicaid to cover these new enrollees by providing federal funding.  Even with this generous federal funding, several states have decided they cannot afford the expansion, which would cost states at least $118 billion through 2023. While the…

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