For the insured, the Affordable Care Act doesn't add up - News, Weather and Sports for Lincoln, NE;

For the insured, the Affordable Care Act doesn't add up

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By: Jenn Schanz

In pushing for the new legislation, President Obama argued the Affordable Care Act would bring health insurance to millions of uninsured Americans.

But what about those already under affordable plans?

For most of them, premiums have gone up.

"They're averaging the premiums out. So some of the people on the high end were helped a lot, but what that also means is that some of the people on the cheaper end of the spectrum were hurt a lot," says Angela Kiani of Lincoln Financial Management.

The financial planning company has dealt with several cases recently over high premiums for already insured individuals and families.

Senator Mike Johanns, a longtime opponent of the law, says certain mandatory benefits of the new marketplace are putting many middle class, insured Americans in a tough spot.

"Millions who like and want to keep there current plan are being dropped January one. Yet they can't even log into a website to buy more expensive coverage with higher co–pays and deductibles," he says.

The Affordable Care Act requires certain core services, called essential health benefits.

There are ten categories ranging from chronic disease treatment to maternity and newborn care.

The benefits are required in any plan, regardless of need.

Insurance companies may say they're upping premiums because of the extra benefits, but some customers argue they're paying for perks they'll never need.

Despite a substantial increase in healthcare costs for those already insured, many are still optimistic.

"There are also new players in our marketplace and new types of insurance companies coming into our marketplace that are bringing a whole new level of competition to Nebraska," Kiani says.

To speak with a financial advisor from Lincoln Financial Management for help on troubleshooting high premium costs, check out their website or call 402-434-3960.

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