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Some losing insurance because of Affordable Care Act
ALBANY -- The website isn't the only glitch to the Affordable Care Act. Despite promises from the President during the push to adopt health care reform, new reports show at least 2 million people will be dropped from their health insurance and forced into the exchanges. Some local people just got their notices.
They didn't think they'd be dropped at all because of the Affordable Care Act and they're fearful that coverage may end up being more expensive for them. They're weighing several options now including whether or not to have any insurance.
I'm concerned, said one man. I took this job because I'd have health care.
So imagine this man's surprise when he received this letter from his insurance company saying his coverage would end with the end of the year! He was placed through a temp agency with a state government job along with another woman facing the same problem. She tells us her insurance company said it was because they didn't meet the federal requirements.
She can sign up for the exchanges on the New York State of Health website, or pay a $95 penalty and have no insurance. I'm tempted to go without insurance for a while, she told CBS6. Pay the penalty.
There will likely be more coverage offered under the new insurance plans. They are listed on four tiers of coverage. While they offer the same set of essential benefits, there will be differences in how much you'll have to pay for the premiums or out-of-pocket expenses.
I don't think some people understand why it's going to be in some cases more expensive, said Wendy Weller, Associate Professor of Public Health at UAlbany. That's because there's broader coverage and you have a little bit of safer coverage.
Weller says you may be getting more out of your health plan after January 1, and people kicked off current plans may get some help.
It may look expensive to go online and see a plan, and say, oh my gosh, this is how much you have to pay on a yearly basis but part of this cost might be offset by subsidies, Weller said.
Those subsidies could vary depending on how much you make and are on sliding scales so people with lower incomes receive larger subsidies, Weller said.