Health Insurence Costs

posted 2 years ago in Money
  • poll: Monthly Health Insurence Cost for a family
    100-300 : (15 votes)
    54 %
    300-600 : (6 votes)
    21 %
    600-900 : (2 votes)
    7 %
    900+ : (5 votes)
    18 %
  • Post # 2
    Member
    12796 posts
    Honey Beekeeper
    • Wedding: June 2011

    I’d be happy to even pay 900/year for just me.  An individual plan is 2k and family plan is almost 6k/year.

    Post # 3
    Member
    418 posts
    Helper bee
    • Wedding: July 2015

    My individual policy is around $600/month.  A MONTH.  Health care is expensive.  When we marry, it will be around $500/month with my fiances benefits as a teacher.  $900/year seems like a fair cost sharing situation for a family of 5.  

    Post # 4
    Member
    3402 posts
    Sugar bee

    majorairhead:  When it was just me, I was only paying $40 a month, when I added my daughter, it jumped up to over $300 a month, and when my husband is added it will jump again to $400 a month…

    Post # 6
    Member
    904 posts
    Busy bee
    • Wedding: January 1975

    majorairhead:  This year I paid $1,300 for my health care out of my paycheck. That did not include a $1,800 deductible to reach out of pocket before my insurance would cover 80% of healthcare costs. And that’s for an individual plan, I was by myself on that.

    It was cheaper for me to pay out-of-pocket at any doctors visits on the day of service, then it was for the doctors office to bill my insurance would bill me a little later down the road.

    For 2015, I will be jumping on my husband’s health insurance. Is a much better plan for a much better price. Healthcare costs are absolutely ridiculous. I really hope this health care reform pays off in the long run, because I’m over being mandated to have it.

    Post # 8
    Member
    249 posts
    Helper bee

    Welcome to Obamacare. 

     

    Post # 9
    Member
    826 posts
    Busy bee
    • Wedding: June 2012

    majorairhead:  I am not sure how much my insurance will go up this year, but I’ve read that the average increase is 4% which is the lowest in 8 years. My insurance did double like yours about 10 years ago and I switched insurance because of it. I am very lucky that my employer gives us a choice of plans and I was able to switch to what turned out to be a better plan for less money.

    Post # 10
    Member
    6733 posts
    Bee Keeper
    • Wedding: March 2014 - A castle!

    majorairhead:  ~$10,000 yearly to add a spouse and 1 child on my health insurance ($830/mo). Given that graduate students make a maximum of $32k/yr (gross) that’s >30%! Thankfully, DH has his own insurance through work and my own policy is really cheap ($400/yr, and free starting next year). But I feel for the international students I know whose wives cannot work because they are on a spouse VISA and they have 1+ children. It’s a huge topic of debate right now.

    Post # 11
    Member
    826 posts
    Busy bee
    • Wedding: June 2012

    qtrfan:  The increase is not due to Affordable Health Care Act. My insurance rates have gone up every year and I’ve been working way longer than Obama has been President. As I stated in my previous comment, my rates doubled just like the OP about ten years ago, so again, not due to the Affordable Health Care Act.

    Post # 12
    Member
    184 posts
    Blushing bee
    • Wedding: February 2015

    I’m fortunate in that I only pay $280/month for family coverage. Doesn’t matter how many people are on it… And I have no deductible or co-insurance. I pay my copay which is $15 for a regular doctor or $40 for a specialist/hospital. 

    When I had my son I paid like $100 total While my FI’s cousin paid almost $10,000 out of pocket even with insurance. 

    Our healthcare system needs to be fixed ASAP. I feel so bad for people who pay so much for insurance and yet have barely any coverage. 

    Post # 13
    Member
    4037 posts
    Honey bee

    majorairhead:  

    DH and I currently pay $270 a month and we are on separate plans. If we were to add a dependant that would jump to about $500 a month ($230 per dependent). So we would pay close to what you pay if we had a family of 5. Our rates have been the same since before obamacare too. Healthcare costs money. Other countries pay the cost as wel, usually in the form of higher taxes, instead of premiums though.

    Post # 14
    Member
    2782 posts
    Sugar bee
    • Wedding: November 2013

    majorairhead:  Let me guess….you have Preferred One?  LOL

    Mine went up from $200/month to $337 a month.  There were supposed to be rules in play- and just because the company I was with decided to pull out from the marketplace- doesn’t seem to be a good reason to allow a 65%+ increase in premiums.  

    Post # 15
    Member
    2782 posts
    Sugar bee
    • Wedding: November 2013

    bmo88:  you’re right – but with other countries- you pay, for example, a totaly of $2500/year and then healthcare is taken care of.  Most people here will pay more than $2500/year unless they have a HUGE deductible.

    A big problem I see is:  you’re either paying out the ear per person/per month with a decent (we’ll say $1000) deductible- and then in most cases, by the time you bring the monthly premium down to something a little more affordable, you’ve gone up more than 6x for the deductible and then 12x for out-of-pocket-max.  It is no longer affordable.  

    One of the biggest reasons in THIS country for debt and bankruptcy is medical bills- and it’s more apparent in this country and the vast majority of others.

    Perfect example:  when my son was born a preemie  and was in the NICU, insurance covered a nicer breast pump in full.  It is THE exact same breast bump you could have bought for $299 at Babies R Us.  The same brand- the same box.  The medical supply company charged insurance $460 for it.  There isno logic behind this– except money to be made, on the money that is already being made. It’s ridiculous and unnecessary- and highly contributes to rising “health care” costs.

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