Steve lost his job of 17 years in September of 2013. When that happened, he also lost his health insurance. This was a large problem for Steve because of several health conditions, including gout, high blood pressure, high cholesterol, type 2 diabetes, prostate cancer, and depression. At his age, Steve is afraid he will have difficulties finding a new job. This was compounded by his concern over where he would get health insurance to cover his medical needs.
Last year, Steve was able to successfully sign up for health insurance through the Marketplace. With a $550 monthly subsidy, he is able to afford a Silver plan for $110 a month. His coverage under the new plan is equivalent to the coverage Steve had through his previous employer, allowing Steve to continue getting the care he needs. Without the Marketplace, Steve wouldn’t have been able to afford insurance while he continues to look for another job.