My father passed away unexpectedly three years ago at the age of 59. This left my mother, a school teacher, to provide for herself financially. The small private school she works for does not provide benefits, so Mom pays for her own insurance, which is quite expensive. Now that the Obamacare law has forced insurance companies to comply with these “one size fits all” rules and regulations, she was told her premium would be increased to over $900 per month, if she wants to keep the same level of coverage as she currently has. This is almost half of her paycheck and will ensure that she take money from savings each month just to pay the bills. My mom is still young and needs every penny of her savings to survive on her teaching salary, now that my father has passed away.
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