HSA Expert Ron Greiner Analyzes Obamacare Crisis: $50,000 Family Premiums Coast to Coast

TAMPA BAY, Fla., Nov. 17, 2017 /PRNewswire/ -- The Nation's media has not reported that many self-employed families are experiencing $50,000 family premiums in 2018.  Obamacare has plunged Americans into crisis.  In Tallahassee a 62-year-old couple with 2 children earning $60,000 will receive $49,464 in Federal subsidies to purchase insurance.  These sky-high premiums are not restricted to just Florida but are happening across America.  The self-employed who must purchase Individual Medical (IM) insurance are the hardest hit.  This information was shown to Florida Agricultural Commissioner Adam Putnam by Ron Greiner in Clearwater and Adam Putnam said, "31 counties in Florida have only one insurance company to choose from."  Adam Putnam is running for Governor of Florida in 2018.  When competition is restricted the prices are higher.  Tallahassee has only one insurance company on the Obamacare Exchange, Blue Cross of Florida.

All 99 counties in Iowa have just one insurance company to choose from so their prices are above the National average.  The above family earning $100,000 a year earns too much to qualify for subsidies and must pay the entire premium themselves.  In Iowa City the lowest priced Bronze plan's premium is $46,056 with a $6,000 per person deductible.  This plan qualifies for a tax-free Health Savings Account (HSA).  A majority of people making purchases on the Obamacare Exchange choose the Silver plan and this family's cost in Iowa City would be $56,772 a year with a $5,250 deductible.  Licensed insurance agent and HSA expert Ron Greiner says, "People spending their own money wouldn't spend $10,000 extra per year to drop their deductible just $750 but if you're spending other peoples' money (OPM), Federal tax dollars, the sky is the limit." 

The media is spinning this year's Obamacare Open Enrollment as a huge success but nothing could be further from the truth.  Greiner says, "I talked to a self-employed Tampa woman yesterday whose premium for her and her husband is rising from $1,800 a month to $3,500 in 2018.  They earn over $65,000 so they receive no subsidies.  She was clear that she would cancel her insurance before she would pay $3,500 a month."  Greiner did further assert, "We need smarter politicians if they are going to be making our laws.  You would think that politicians would be all over FOX News screaming about $50,000 family premiums with Obamacare in 2018 but it's not happening." 

There are some things that self-employed people can do to survive the nightmare of Obamacare.  For the 62-year-old family with 2 children earning $100,000 a year in Iowa City Ron suggests, "Get the HSA Qualifying plan for $46,056 a year and then deposit $2,000 in a tax-free HSA at the bank.  This will drop their Modified Adjusted Gross Income (MAGI) to $98,000 and then they qualify for $47,400 in Federal subsidies which is more than their cost for their insurance.  This isn't magic it's just math and the ridiculous Obamacare law." 

The media refuses to report but Obamacare is a nightmare for many reasons.  Greiner reports, "I talked with a 28-year-old pregnant doctor, named Lucy, from Lexington, KY who is restricted to one insurance company in 2018.  The closest hospital to have her baby in is hours away in Ohio.  She was really upset.  I told her that it was her U.S. Senator who led the fight to stop Obamacare repeal."  Lucy shot back, "His neighbor is probably pregnant and as mad at him as I am."

Ron appreciates President Trump's Executive Order allowing Short-Term-Medical (STM) insurance to last one year again.  Ron says, "STM insurance is the perfect tool to take people from year to year between Obamacare Open Enrollments.  It is very affordable.  A 60-year-old couple can get STM insurance in Tallahassee for $533.63 per month with a $5,000 deductible that pays 100%.  President Trump's Executive Order will allow many people to be able to afford insurance instead of being uninsured."

Use this link for online enrollment or quotes.  Use 1/1/2018 as the effective date.  Medical underwriting required.

https://quotenatgen.ngic.com/home/PlanSelection

About Ron Greiner:  Ron enrolled America's 1^st Health Savings Account (HSA) in 1996 when they were called tax-free Medical Savings Accounts (MSA).  Mr. Greiner is an insurance expert and is licensed coast to coast.

Phone contact: 727-943-8118

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Ron Greiner
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SOURCE Ron Greiner