If you don’t like IRS surprises, you better read the fine print.
Those enrolled in Obamacare should be very careful about auto-renewing health plans.
The law has built-in factors that allow insurers to…
- make auto-renewal (thru Healthcare.gov) seem the easiest option;
- hike premium costs for plans (the cheapest plans will increase the most);
- add new, lower plans, quietly replacing benchmark plans that qualify for subsidies;
- require doctor changes;
- require different (more costly) out-of-pocket costs to consumers;
- keep changes low-key, veiling the status change of subsidy benchmark plans (eliminating your subsidy, shifting total costs to you, without you knowing it).
For more detailed explanations of these hidden landmines in Obamacare, go here.
The final kicker?
Surprised? You shouldn’t be – this is just one more example of Democrats and Big Insurance dipping one hand into your wallet…
…while gently patting you on the head with the other hand.