General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI just received a rebate of $512.00 from BCBS NJ!!!!!!!!!!!!!!!
And my rates have been lowered (I don't know how much yet)!!!!!!!!!!!!!!!
The credit covers 3/15/11 to 3/15/12 and the premium rate billed after that period takes into consideration any rate cap that may apply to me.....Weeeeeeeeeeeeee!!!
THANK YOU OBAMA CARE!
hedgehog
(36,286 posts)rufus dog
(8,419 posts)1StrongBlackMan
(31,849 posts)In the form of a credit for future premiums, or was it a check?
Walk away
(9,494 posts)...so my August bill was only $418!
dixiegrrrrl
(60,010 posts)Did I figure that correctly?
I am glad you got a "rebate" and hope your premiums stay low and affordable.
druidity33
(6,446 posts)I pay (with additional dental + cancer add on policies) aroun $1,377 a month.
Walk away
(9,494 posts)My premiums are VERY high. New Jersey also has some of the most expensive health insurance in the nation and we are not allowed to form or join groups. The only groups allowed are employers. The self employed are shit out of luck.
I don't even have very good coverage and my deductibles are high. I was hoping for the exchange but because of that blood sucker Christie I will have to wait a few more years.
Control-Z
(15,682 posts)I'm not saying the insurance is great but they are the National Association for the Self Employed and offer private policies that are a little more affordable. We've had a family policy with them for years. Our agent said that with a pre-existing condition he signs up the family and then after 6 months adds the person (with the pre-existing condition) to the policy. I haven't tested his words but it might be worth a try.
PM me if you want details. I wish you all the luck in the world. You certainly deserve it.
Walk away
(9,494 posts)and I need major medical. NASE's limits for hospitals stays are minimal.
I am just hoping that we can hang on to the ACA and I can purchase through the exchange in 2014. My Governor vetoed the state exchange a few months ago.
LiberalFighter
(51,084 posts)If states don't implement their own exchange then the federal government gets to step in and create one.
leftstreet
(36,112 posts)one that struggles to treat the uninsured
Walk away
(9,494 posts)I will put some of it aside for others since it's a mitzvah!
louis-t
(23,297 posts)might owe me a few bucks.
glinda
(14,807 posts)I pay my own way and they kept raising the rates as I dripped the amount of coverage so now pay near what I used to for less.
spanone
(135,873 posts)Ruby the Liberal
(26,219 posts)Walk away
(9,494 posts)Screw that noxious blob Christie for vetoing the "exchange" that the Senate voted to start. In NY, right across the river) they are implementing Obama Care already!!
Ruby the Liberal
(26,219 posts)Of course.
crunch60
(1,412 posts)be forced to go to the gym, lose weight, and take nutritional training classes. He also needs a proper Dr. check-up to ascertain that he does not have an unknown psychological health issue. As tax payers, we have a right to know that our health dollars are being spent wisely.
SDjack
(1,448 posts)its course. Is there a way that I can get a pizza delivered to him?
JustAnotherGen
(31,879 posts)Try Pizza Brothers
cstanleytech
(26,319 posts)After all a donut a day keeps the doctor away!!!
Walk away
(9,494 posts)kag
(4,079 posts)you definitely made me LOL!
Ruby the Liberal
(26,219 posts)I just read an article where these rebates may be considered taxable income this year. You may want to put some of that back until IRS guidance on it is published since you file quarterly.
Walk away
(9,494 posts)Ruby the Liberal
(26,219 posts)Enjoy your windfall!
LiberalFighter
(51,084 posts)Unless, it was paid directly from the business and then the employee keeps the rebate. That would be taxable income. It all depends on who paid the premiums and how much was the business and how much by the covered person.
If it was me as the owner of the business I would put it back into the business. And put it to productive use so it helps the business and and is wrote off as a tax write off.
Sgent
(5,857 posts)then it would be taxable income in year two. If you never deducted it, it wouldn't be taxable at all.
If the rebate is available to you in the form of a check (even if you take it as a premium credit), it would be taxable.
That being said, it really wouldn't effect business returns if used as a credit. But for personal returns it could have an impact if you take a medical deduction in year 1 and cannot in year 2.
femmocrat
(28,394 posts)I read that the average will be around $150, more or less. Since my employer pays much or most of my premium, I'm expecting to be on the low side.
Good for you and hooray for Obamacare!
LiberalFighter
(51,084 posts)about having to pay lower premiums for themselves and employees?
CatWoman
(79,302 posts)this is what I'm talking about!!!
Tennessee Gal
(6,160 posts)Good for you!!!
Politicub
(12,165 posts)Skraxx
(2,981 posts)Just try repealing Obamacare after all the checks go out.
The Jungle 1
(4,552 posts)Wonder how many people who are against ACA will change their mind when the checks start arriving.
moparlunatic
(82 posts)insurance. Mine was changed to a much crappier plan because of increases. I'm sure my employer will just be giddy with all the rebates they will receive. Weeeeeee!!!
dsc
(52,166 posts)then you will get that percent of the refund that your policy generates.
ejbr
(5,856 posts)Walk away
(9,494 posts)whathehell
(29,090 posts)Historic NY
(37,453 posts)and find out its because they've been overcharged.
WinstonSmith4740
(3,056 posts)You need to call your local TV station and get hold of their consumer reporter and talk about this. Shout it out!!
SDjack
(1,448 posts)Using Faux Newz math, I'm going distribute mine this way:
113% to the Obama campaign.
155% to the Food Bank
142% to ... ah, I'm keeping that.
doc03
(35,364 posts)rebate?
Indykatie
(3,697 posts)The rebates on insured plans should be split between the company and employee but the company will have to figure it out since the insurance company has no information on the amount paid by the employee.
Ruby the Liberal
(26,219 posts)What do they do in the case of COBRA where the ex-employee is paying 102% of the premium?
Ruby the Liberal
(26,219 posts)Looks like small companies and self-purchasers are at anything over 80%.
Large companies are at 85%, but I can't find any specifics on it, like if the company gets a check, or employees directly, or what happens with all of the people who were on expensive COBRA last year whose companies didn't pay anything against the premium (like employees would see).
SunSeeker
(51,697 posts)4lbs
(6,861 posts)Tarheel_Dem
(31,240 posts)Ship of Fools
(1,453 posts)Walk away
(9,494 posts)But they don't have the balls!
LaurenG
(24,841 posts)she is an ex insurance commissioner and wouldn't let the insurance companies off the hook.
The Wizard
(12,547 posts)Some say the rebates as a result of the Affordable Care Act will be coming from the pockets of job creators who have vowed to move their money to off shore tax havens and stop creating those high paying jobs that keep the economy on the brink of collapse, but not quite falling into the abyss.
4_TN_TITANS
(2,977 posts)It's about time some of those healthcare-for-profit funds came back to us. That phrase 'Health Care Industry' just blows my mind.
DebJ
(7,699 posts)cbdo2007
(9,213 posts)they have to spend on medical expenses vs administrative expenses. They can raise the rates as much as they want but will just be forced to give refunds.
KansDem
(28,498 posts)New Jersey, eh? If I left now I could be there tomorrow evening!
mary195149
(379 posts)of the rebate check that it was because of the ACA or Obamacare?
I hope these checks are letting people know why they are receiving it. There will be some people who will not want to acknowledge Obama did something good for them.
Walk away
(9,494 posts)the amount of profits companies can skim off our premiums but they don't say a word about why.
robinlynne
(15,481 posts)grantcart
(53,061 posts)In liberal states like Hawaii nothing is being returned because state law has already done the job.
In Texas 92% of those that do have health care will be getting a check.
slackmaster
(60,567 posts)The Last Democrat
(73 posts)in the mail last month for $225.00. It will be a credit for next months premium which is $250.00 dollars. It stated it was because of the ACA, (Obama Care) which I knew was coming, I just didnt know when.
Am sure more will be in the mail now that the court has passed it magic wand over it. I cant for the life of me see why people (the general public) vote against their own best interest in cases like this.
BobbyBoring
(1,965 posts)I haven't got a check yet, but I now pay ZERO for generic drugs. That's going to save me thousands with all the crap they have me on!
THANKS OBAMACARE!
WilliamPitt
(58,179 posts)flamingdem
(39,321 posts)I switched companies so I'm worried they won't send me my rebate. Should I call? Is there usually a web page?
Liberal_in_LA
(44,397 posts)mzteris
(16,232 posts)They're offering to LOWER our premiums! across the board.
blaze
(6,373 posts)edit to add:
This is the email I received from my employer:
=====================================================
Medical Premium Payment
The District will disburse a benefit premium payment to employees who participate in the Districts Kaiser health insurance plan as of July 1, 2012. The District will make this payment in July 2012. The funds for this payment come from the Premium Deposit Account provided for in the various employee group agreements with the District. Pursuant to those agreements, the District Insurance Committee has approved this disbursement.
Beginning August 2012 your 2012/2013 premium will resume.
For the July 2012 payment, please note the following:
Our records indicate that you enrolled in the Kaiser DHMO Plan. Your paycheck for July 2012 will show a one-time, additional amount of $268.03.
An employee will see a difference in pay only if s/he is enrolled in a Kaiser Medical Plan as of July 1, 2012.
Coverage will not be impacted.
Federal, State and Medicare taxes will be withheld as appropriate.
===============================================
I wonder how many of my coworkers know this is the result of ObamaCare?