i am concerned about medical bankruptcy. it looks as though i could get the bronze plan for free with a subsidy. . i currently use a colorado state medical plan that is not insurance. if i were to have a major medical event and be taken to a private hospital i would not be covered and could lose my house. under the bronze plan i pay 40%. does this mean if i have a $100 000 hospital bill i have to pay $40 000? is there a way to get the subsidy to pay for my insurance premium through my retirement plan which has better coverage than the bronze plan?
all plans sold throught the marketplaces cap your total annual out-of-pocket spending at $6 350 per year. once you hit that total dollar amount your insurer must pick up the remainder of your medical expenses. if you qualify for a subsidy the amount you receive will be tied to the second lowest cost silver plan however you can apply it toward any of the plans. if you buy a gold or platinum level insurance policy you'll still receive your subsidy you'll just be required to pay the difference in cost.