Some Arizonans facing premium increases with Affordable Care Act - KCTV5

CBS 5 Advocate

Some Arizonans facing premium increases under Affordable Care Act

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People who are dropped by their private insurers and make too much to be eligible for a subsidy under Obamacare could face huge cost increases to find another plan.

"I do accounting for small businesses," Karen Basye said.

Basye says she has paid for her own full-coverage health insurance for years. She was thrilled to get assurances from President Barack Obama about her plan's future.

"I wanted to believe when he said, 'If you like your insurance, you can keep your insurance, if you like your doctor, you can keep your doctor,'" Basye said.

But that didn't turn out to be true. Like many people with private insurance, Basye recently received a letter from her provider stating her health plan will be discontinued at year's end. The plan does not have enough benefits to comply with the new Affordable Care Act. Basye is now forced to find new insurance.

"I was irate, I didn't know what to do, I called my agent, I asked how can this be happening, I've had this insurance for years," Basye said.

To make matters worse, Basye makes just enough to not qualify for a subsidy. She says the president led her to believe that people who were dropped by their private insurers could go to and find better, cheaper policies.

"It's definitely not going to be true for me because I don't meet the requirements to get the subsidy. I know my premiums are going to go up. My agent told me to expect at least a 50 percent increase, at least," Basye said.

Some people who like their insurance may be able to keep it, but Basye says Obama made it seem like that statement applied to everyone.

"It's not true for a lot of people, so why is he saying that, and what can be done to fix it, at this point?" Basye asked.

The answer to that question, unfortunately, is not a whole lot.

People who had private health insurance but were recently dropped by their provider and earn more than $46,000 per year ($62,000 if married) are likely to have a problem. People in this group can check with their current insurer or search for a new plan, but either way, without that subsidy, you are likely to pay more for new healthcare coverage in 2014.

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