I searched to see if this was already discussed and didn't find anything.
We got a letter today from our health care insurer for 2014. We are enrolled for a bronze plan with an HSA and already paid for our January premium.
The letter is to let us know about the healthcare reform related things we should know about, like prenatal care, Essential Health Benefits, no exclusions for pre-existing conditions, max out of pocket costs, etc. I was aware of all of these.
Then this -
Additional federally mandated fees will begin to appear on your invoice in 2014. You will see the following fees on your invoices:
- Patient-Centered Outcomes Research Institute (PCORI) at $0.18 per member per month. This fee is scheduled to end in 2019.
- Transitional Reinsurance Program Fee at $5.25 per member per month in 2014. This fee is intended to decrease through 2016, when the fee ends.
- Market Share Fee at 2.4 percent of your total premium.
- Risk Adjustment fee at $0.08 per member per month. This fee will not appear on your invoice until after your renewal.
The example also shows a State Premium Tax of 1.4%. I don't know if this applies to our state but it's pretty likely.
I'M NOT COMPLAINING!
We are happy to be able to buy a high deductible plan with an HSA and get a nice subsidy compared with our other choice of DH's retiree health insurance that was $400/mo more and far more coverage then we need. I'm just surprised. This will cost us an additional $31/mo which is still very affordable compared to the alternatives.
I read all the Obamacare topics here and don't remember reading about federally mandated additional fees.
Reminds me of the landline phone companies and all the extra fees that would show up.
We got a letter today from our health care insurer for 2014. We are enrolled for a bronze plan with an HSA and already paid for our January premium.
The letter is to let us know about the healthcare reform related things we should know about, like prenatal care, Essential Health Benefits, no exclusions for pre-existing conditions, max out of pocket costs, etc. I was aware of all of these.
Then this -
Additional federally mandated fees will begin to appear on your invoice in 2014. You will see the following fees on your invoices:
- Patient-Centered Outcomes Research Institute (PCORI) at $0.18 per member per month. This fee is scheduled to end in 2019.
- Transitional Reinsurance Program Fee at $5.25 per member per month in 2014. This fee is intended to decrease through 2016, when the fee ends.
- Market Share Fee at 2.4 percent of your total premium.
- Risk Adjustment fee at $0.08 per member per month. This fee will not appear on your invoice until after your renewal.
The example also shows a State Premium Tax of 1.4%. I don't know if this applies to our state but it's pretty likely.
I'M NOT COMPLAINING!
We are happy to be able to buy a high deductible plan with an HSA and get a nice subsidy compared with our other choice of DH's retiree health insurance that was $400/mo more and far more coverage then we need. I'm just surprised. This will cost us an additional $31/mo which is still very affordable compared to the alternatives.
I read all the Obamacare topics here and don't remember reading about federally mandated additional fees.
Reminds me of the landline phone companies and all the extra fees that would show up.