Rand Paul is STEALING Trump’s HSA Deposits to Kentucky Families
Like a thief in the night Rand Paul is stealing President Trump’s HSA deposits from hard working Kentucky families. President Trump’s Obamacare Replacement includes age-based tax-credits and enhanced tax-free Health Savings Accounts (HSA). The tax credits may be used to purchase any Individual Medical (IM) insurance available in the State and any unused credit is deposited into the family’s tax-free HSA. A 30-year-old couple with 2 children will receive $9,000 in age-based tax credits in the United States. Because Kentucky has some of the lowest health insurance rates in America the Kentucky HSA deposits from President Trump’s Obamacare replacement are among the highest in the Nation. This is a great asset for Kentucky that other States will be competing against in the future.
In Bowling Green, Kentucky (zip code 42101) the above family can purchase an Individual Medical insurance product called Short Term Medical (STM). STM will last for up to 1 year in most States and will insure the family until 1/1/2018 and the next Open Enrollment for Obamacare in the United States. STM is very inexpensive because it has a pre-existing clause and sick people with cancer cannot enroll and get their medical bills paid. For many healthy families they can save enough money to purchase a new Cadillac if they switch to STM. In Bowling Green, Kentucky the above family can purchase STM insurance with a $2,500 deductible then 100% coverage for $348 per month or $4,176 a year. The unused amount of this family’s $9,000 tax credit would be $4,824 that would be deposited into this Kentucky family’s tax-free HSA for 1st dollar coverage of medical, vision and dental expenses.
Obamacare is a nightmare and has unleashed a MONSTER MONOPOLY that is terrorizing the good citizens of Kentucky. In Bowling Green, Kentucky there is only one insurance company on the Obamacare Exchange, Anthem Blue Cross, the Nation’s 2nd largest health insurance company. With no competition Anthem Blue Cross’s prices are high and the Out-Of-Pocket is sky-high of up to $14,300 per family per year. The quality is low and Kentucky families are only offered HMOs from Anthem Blue Cross. Many HMOs pay NOTHING when a sick child goes out-of-network with a serious illness like cancer. Competition is critical to keep prices low and quality high in free and open markets.
Rand Paul has lost his mind. Tax credits for the purchase of Individual Medical (IM) insurance coupled with tax-free HSAs have been the Republican position for over 2 decades. I first learned of this from Senator Phil Gramm (R-TX) in 1994 when Hillary had her unsuccessful attempt to shove all of America into HMOs in the 1990s. I was ready and waiting and enrolled America’s 1st tax-free HSA in October of 1996 when they were called tax-free Medical Savings Accounts (MSA). President Trump’s Obamacare replacement also increases the amount that may be deposited each year into tax-free HSAs to $6,550 for singles and $13,100 for families.
Rand Paul is a traitor to the Republican Party. Why would Rand Paul ride shotgun and protect Obamacare and the giant monopoly of Anthem Blue Cross to take advantage of Kentucky citizens? Has Rand Paul been bought off to fight President Trump’s Obamacare replacement? It might be that Rand Paul is confused because he keeps saying that group insurance is less expensive than Individual Medical (IM) which has never been the case. I do know that if the good people of Kentucky where aware that Rand Paul was trying to steal their tax-free HSA deposits from President Trump the people of Kentucky would be marching in the streets demanding that Rand Paul resign.
The above STM-PPO product utilizes the large, national Aetna Open Choice PPO Network with 800,000 physicians and 6,900 hospitals.