Assuming you sign a non-compete, whether or not you can work the field for another employer may require you to consult a lawyer which costs you $$$. Your previous employer may try to bully you, or your future employer into terminating your arrangement. While it's true several state have largely neutered non-competes for "Low-wage employees", higher paid professionals still have less freedom.
The ACA is missing a public option and is suffering from insurance markets being actively sabotaged by politicians who want to replace it with their own flavor.
The AHCA only protects you for your pre-existing conditions if you maintain continuous coverage (No gap greater than 63 days in the prior year), something that millions of people experience every year. This also means, during any significant recession, millions will lose insurance.
The ACA is great. Sure as a self employed person i can't afford the maszive premiums, ($22,000 a year for a $5,000 deductible) but I simply don't pay premiums. If I, or anyone in my family, gets seriously ill one year, we can sign up for ACA coverage at year end and they can't refuse us because it doesn't restrict pre-existing conditions.
And until that happens, I let the suckers pay premiums.
I believe you mean the ACA. With the AHCA your plan won't work out so well.
But here's the flaw in your premise, sure your new condition will be covered. But I had gall stones, needed surgery, it couldn't wait long. I had two weeks to get insurance using your strategy, feasible.
Then I had a toe torn off. Surgery that night. There's no opportunity to get insurance, and the cost was (without insurance) probably $10-15k (the hospital, the surgeon, the ambulance). Unless you're calling and getting insurance on the ride in, you're on the hook for a large portion of that, unless you don't value your credit score or lie to them about your name and social.
I actually have whats called "short term insurance". It's only allowed for 6 months, but because of that and because it can set pricing based on pre-existing conditions I get roughly the same benefits of the $1800 ACA package for only $200 a month.
The negative is I have to reapply every 6 months, so there if I get gallstones or my toe torn off, it's fine unless it falls right on the end of the 6 months.
Since all of these policies have $5K deductibles per person, and $10k per family, I"m paying for most of those situations out of pocket anyways. The benefit of the insurance is for really serous expensive problems, which will tend to last until I can get ACA. And that the insurance company will knock down the hospital bill to what they deem acceptable, saving me lots of money there.
> If I, or anyone in my family, gets seriously ill one year, we can sign up for AHCA coverage at year end and they can't refuse us because it doesn't restrict pre-existing conditions.
The continuous care incentive mandates a 30% premiun surcharge if you didn't have continuous coverage, and the AHCA also allows states to obtain waivers, for insurance within their state, of the rule prohibiting medical underwriting (price discrimination based on pre-existing condition.)
Fine, I''ll pay a premium surcharge then. Because I'm only going back on Obamacare if I have a life threatening illness that will cost far more than $2000 per month to treat for an extended period.
The AHCA is the proposed replacement for the ACA that has passed out of the House of Representatives (I would guess it won't survive unchanged in the Senate).
There haven't been any plans priced under it as law, so you can't be quoting a meaningful price there.
The likely scenario in the AHCA would be that an uninsured with a preexisting condition would apply for a high risk pool (with who knows what premium) or enjoy the only market plans available, plans regulated in a state convenient for the insurer.
The problem with AHCA is that there aren't enough suckers. Almost everyone would do what you plan on doing, so one person's insurance premiums would have to be enough to almost completely cover a very sick person's medical bills, so insurance effectively wouldn't exist anymore.
That's all great in theory, but if I were you, I would not rely on that plan to save you. When it comes to insurance companies, you are at their mercy. This is experience talking here, do with it as you will. Nothing will bankrupt you faster than not having insurance coverage when you most need it.
Assuming you sign a non-compete, whether or not you can work the field for another employer may require you to consult a lawyer which costs you $$$. Your previous employer may try to bully you, or your future employer into terminating your arrangement. While it's true several state have largely neutered non-competes for "Low-wage employees", higher paid professionals still have less freedom.
The ACA is missing a public option and is suffering from insurance markets being actively sabotaged by politicians who want to replace it with their own flavor.
The AHCA only protects you for your pre-existing conditions if you maintain continuous coverage (No gap greater than 63 days in the prior year), something that millions of people experience every year. This also means, during any significant recession, millions will lose insurance.