His "Power Accounts" are completely dependent on participant contributions. The State matches the fund as if a 401K. The "Power Accounts of Pence" wouldn't exist unless of Poor contributed to it. It bothers me a bit because the State's contribution is facilitated by a federal settlement with the tobacco industry. Leave it to a Republican Governor to find a way to scoff up monies derived from suffering and death to steal from the Poor. And not to ignore the Democrat in all this, Kathleen Sebelius whom provided a waiver for it.
The eligibility requirements dictate the program be available to those at the 200% of the FEDERAL POVERTY standard under The Affordable Care Act.
So, the health care savings accounts established by Pence asks those the least able to pay to do exactly that, to the tune of 5% of their gross income. You've got to be joking. Do I have to explain how completely draconian a plan this is without regret to the imposition it places on adults and families least able to afford it?
Is it popular? Among the participants, which are limited by their need for medical treatment over what is available at the emergency room; sure it is popular. It is life over death. But, is there another choice? Hell, no. So, how popular is this? Who wants to live?
Eligibility Requirements:
Individuals must earn less than 200% of the federal poverty level (FPL). A single adult earning no more than $21,660 a year, or families of four earning approximately $44,000 likely meet the basic financial requirements.
The Plan provides: (click here)
The eligibility requirements dictate the program be available to those at the 200% of the FEDERAL POVERTY standard under The Affordable Care Act.
So, the health care savings accounts established by Pence asks those the least able to pay to do exactly that, to the tune of 5% of their gross income. You've got to be joking. Do I have to explain how completely draconian a plan this is without regret to the imposition it places on adults and families least able to afford it?
Is it popular? Among the participants, which are limited by their need for medical treatment over what is available at the emergency room; sure it is popular. It is life over death. But, is there another choice? Hell, no. So, how popular is this? Who wants to live?
Eligibility Requirements:
Individuals must earn less than 200% of the federal poverty level (FPL). A single adult earning no more than $21,660 a year, or families of four earning approximately $44,000 likely meet the basic financial requirements.
The Plan provides: (click here)
- A POWER Account valued at $1,100 per adult to pay for medical costs. Contributions to the account are made by the state and each participant (on a sliding scale based on ability to pay). No participant will pay more than 5% of his/her gross family income on the plan.
- A basic commercial benefits package once annual medical costs exceed $1,100.
- Coverage for free preventive services including annual exams, smoking cessation, and mammograms.
