Sunday, October 4. 2009The Massachusetts way of health insurance.
How would you like to be responsible, purchase health insurance and still have to pay a fine because the government says it's not a good enough plan?
Well that's exactly what happened to a retired couple in Massachusetts recently. They decided to buy a plan with a $2,500 maximum out of pocket per year. I assume they could afford $2,500 if something major happened to them and they wanted a lower premium. Not so fast said the Massachusetts government. That plan does not fit into our guidelines and it's $500 too high in out of pocket maximums. They will have to pay a $1,000 fine now. Is Massachusetts our "model" state for affordable health insurance? Be careful what you wish for....you could be fined for buying health insurance soon! To read more on this story click here:Pay a fine? Trackbacks
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