A Federal Employee Plan “Buy In” Could Also Be Very Expensive
According to the Congressional Budget Office, a family of four earning $54,000 in 2016, when the health legislation is fully in effect, would be eligible for a subsidy of $10,100 to help defray the cost of insurance under the health legislation being debated by the Senate. By then, one of the most popular federal plans, a nationwide Blue Cross and Blue Shield policy, is projected to cost more than $20,000.
That could leave the family earning $54,000, slightly more than the current median household income, with monthly premium costs of more than $825.
These people are desperate. They come up with a new idea every week.
I don’t understand what is happening here. The FEHBP is itself an insurance exchange. Why would it be better or worse than any other health insurance exchange?