We will go ahead and start this live chat.
We are joined by Mercy Hospital CEO Tim Charles and Cliff Gold with Opportunity Health
Tim is answering this first question, Cliff - could you answer this next question
There are a variety of options available to individuals with lower incomes. If at or below the Federal Poverty Level the medicaid expansion program recently passed by the legislature and signed by the Governor provides access to a state and federally funded coverage. If in a category from 100% of the FPL to 138% individuals will have access to the marketplace with tax credits. Individuals seeking a product on in the marketplace up to 400% of the FLP will have access to credits as well. The point of all this is to satisfy the objective to cover as many Iowans as possible.
Tim will answer our next question
A family is married couple or a single person and a dependent child up to age 26. It does not include parents or siblings.
I want to clarify that Cliff Gold is the COO of CoOportunity Health
The price will vary substantially depending on the level of coverage you buy. The age of each member of family determines the rate as well as where in the state you live. You will need to shop on the Marketplace or use an agent or broker to help you shop. Kids are much cheaper than adults. The older you are, the more it costs.
Cliff, this next one is for you
Cliff, if you could take that second question too, it would be appreciated
Tim, what can people be doing now to prepare for this change?
Your ages make the cost cheaper. If you buy a bronze-level plan (the lowest level of coverage with the lowest rates), it will be less expensive than a silver plan or a gold plan or a platinum plan. I wish I could be more specific but the rates have not been released. They could vary from about $200 per person per month to $500 or more. The costs for the kids will be much lower. Wish I could be more specific but you will have more info available in about 3 weeks.
One more thing. If your income is below $94,000 for a family of 4, you are eligible for federal tax credits or subsidies to pay for quite a bit of the premium.