Kynect Cost Concerns

Reported by: Melanie Kendall
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 10/26/2013 7:14 pm

Kentucky has about 640,000 people without health insurance.  October 1st, Kentucky started enrollment in Kynect, a branch of the Affordable Care Act.  Soon, everyone will be required to have health insurance or be forced to pay a fine.

A major concern for some of these people is how they will be able to afford Kynect.

Kynect offers four levels of health coverage with different premiums and deductibles.

People may be able to get help paying for Kynect through tax credits and cost sharing depending on income.

“The tax credit helps with the cost of the premium of the health insurance plan and the cost sharing reduction helps with the out of pocket costs, those deductibles and co-insurance,” said Fordham.

Kynect expanded Medicaid to cover more people.  Even if someone wasn’t eligible in the past, they may qualify under the new rules.

“Single childless adults who were not eligible for Medicaid, are now eligible,” said Fordham who also says people on Medicaid will not have to pay a premium.

According to Kentucky, only about 50,000 people who don’t have health insurance will have to pay the full premium.

Kynect enrollment runs through March 31st with the earliest coverage going into effect January 1st.

To qualify for Kynect coverage you:

-Must live in Kentucky

-Must be a U.S. citizen or national

-Cannot currently be in prison

-Must provide proof of income

Share
Most Popular
Police: Man Breaks Into Home To Take Shower
A man is accused of breaking into a Lexington home just to take a hot shower.
Harlan ER doctor suspended by Kentucky board
A Knoxville, Tennessee, doctor practicing at Harlan Appalachian Regional Healthcare Hospital has had his license suspended by the Kentucky Board of Medical Licensure.
Police: Man Robbed Lexington Walmart Pharmacy For Drugs
Lexington Police said that a man wanted drugs when he held up a Walmart Pharmacy.
Fiery Crash Closes Stretch Of I-75 In Laurel County
A section of I-75 north of Corbin was closed for a time Friday evening following a fiery crash involving a Fed-Ex tractor trailer, according to State Police. Investigators said the driver had minor injuries.
SUV Flips On I-75 Entrance Ramp In Lexington
Investigators said a driver was taken to the hospital Friday night after he flipped his SUV in Lexington.
Inergize Digital This site is hosted and managed by Inergize Digital.
   

WTVQ.com supports children's privacy rights. All persons under the age of 13 MUST have parental permission to use this website and direct parental supervision is strongly recommended.