The Tax that Keeps on Biting

The ACA is a tax that just keeps biting. Every insurance policy in the United States includes payment of an invisible tax. It doesn't matter whether you buy your insurance, receive health benefits from your employer, or are on Medicare. This tax is for you!

How HIT works

Under the ACA, every insurer that offers fully-insured health insurance must pay an annual fee - the so-called Health Insurance Tax (HIT.) The "fee" is based on premiums and is roughly proportional to their market share. It was designed to help fund the costs of running the Federal and State Insurance Exchanges as well as providing subsidies. Insurers are allowed to include this in their non-administrative costs which means that it is passed directly on to consumers in the form of increased premiums.

What HIT means

According to analysis by Oliver Wyman Health, the HIT has the following impact:

• $165 increase per person in the individual market

• $193 increase per person and $523 increase per family in the small group market

• $196 increase per person and $563 increase per family in the large group market

• $255 increase per Medicare Advantage member (including Special Needs Plans and Employer Group Waiver Plans)

• $195 increase per Medicaid managed care enrollee

A Healthcare GOLD Pass fixes healthcare ... plain & simple

and eliminates 80% of this tax.

#ACA, #Taxes, #STOPTHEINSANITY