News You Can Use: Healthcare Costs

Sandy Botkin
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Because Congress has focused on major legislation such as the new tax law and tried to override the Affordable Care Act (ACA), they did focus on federal subsidies found in the ACA, which are running out. The marketplace is in turmoil. Many experts believe that premiums next year will rise from 12-32%. Expect these increases and plan accordingly.

Now because the penalties for having a disqualifying policy have been removed, you may be able to get a private policy. However, make sure that it covers you for an unlimited amount for life. Previous to the implementation of the ACA, medical insurance had a one-million dollar lifetime limit, which, in my opinion, was much too low. Make sure that any private insurance doesn’t have this limit.

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