What’s that, a Rainbow?! – ObamaCare, Health Care Reform

rainbowAs a 14 year old boy, I remember going to the public library and checking out the book, The Power of Positive Thinking by Norman Vincent Peale. I’ve always been one to see the “glass half full, silver lining, brighter side of life”. The rainbow in the picture above, I recently took on Maui, indicates there are better days ahead.

When it comes to Health Care Reform, aka, ObamaCare, the mindset I’ve endeavored to live my whole life by  has been tested. So far, the majority of my Medicare clients have dodged the proverbial bullet. Premiums are being held at bay and benefits are richer than ever. The Individual Mandate begins on January 1st which requires All Americans to obtain health insurance or face a penalty. The good news is, if you’re under age 65, you can’t be declined coverage due to pre-existing conditions. This led advisors like me to think that premiums would shoot through the roof.

Well, last week I was invited on a webinar where the state of California announced rates and benefits for the Health Insurance Marketplace opening on October 1st. They look as good or better than I’ve seen in a long time. I can’t tell you how many people I’ve tried to help over the last 20 years, who were turned down because of this medical condition or that. Many of you with a spouse under 65 know this. They’re either uninsured or your premium has shot up.

Here is a quick example of what’s available premium wise come October 1st for a January 1st effective date.

One spouse has Medicare, the 2nd spouse is 60, household income is $30,000, the monthly premium is $150 a month after a $474 subsidy. You couldn’t be denied and the plans are excellent in benefits!

As always, we’ll be here for your Medicare planning AND to assist the spouses, children and grandchildren who are not on Medicare. Starting in August we’ll be taking appointments for your loved ones for October 1st when the Health Insurance Marketplace opens. Be sure to tell them to book their appointment early. Medicare Annual Enrollment Period is still October 15th-December 7th.

Have a Great June all,
George

GeorgeLitchfield.com – If you or someone in your family is 65 or older and is in need of a Medicare Supplemental Plan or already has a plan, but wants to make sure that it is the right plan please give us a call (909)792-3300 or (888)891-5557 or go to our website GeorgeLitchfield.com  and we will give you a quote and help you keep money in your pocket