Don't forget the bevy of new taxes added to the monthly premium.
Got a letter from my insurance company explaining ACA and on the last page they mentioned the new taxes due to ACA:
Patient Centered Outcomes Research Institute tax (PCORI):
$2 per member per year
Health Insurer Tax:
2.3% of your monthly premium
Transitional Reinsurance Tax:
$5.25 per member per month
Exchange Tax:
$13.95 per member per month
Risk Adjustment User Tax:
0.96 cents per member per year
This is only the start. Remember all the taxes and fees that were on a landline phone bill? Looks like our monthly health insurance bill will look the same.
Got a letter from my insurance company explaining ACA and on the last page they mentioned the new taxes due to ACA:
Patient Centered Outcomes Research Institute tax (PCORI):
$2 per member per year
Health Insurer Tax:
2.3% of your monthly premium
Transitional Reinsurance Tax:
$5.25 per member per month
Exchange Tax:
$13.95 per member per month
Risk Adjustment User Tax:
0.96 cents per member per year
This is only the start. Remember all the taxes and fees that were on a landline phone bill? Looks like our monthly health insurance bill will look the same.