Post # 1
So I was just researching healthcare plans for 2015 as the one we have now to the Marketplace will no longer be available. Since the new Marketplace was established last year our health insurance costs jumped from around $482/ year for a family of 5 to $900! & I hear they are going up again this year.. Has anyone else experienced such a dramatic increase in cost? Granted we did purchase a good policy with a zero deductible so if anything catastrophic were to happen we would be covered. Do you get your insurance through your employer or like ours did they jump their cost to a rate that was unreasonably high for the coverage they offered ? For reference we are in the Southeest.
Post # 2
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
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
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 # 5
oops I totally miss- typed there! I meant to write it jumped from 482 a month to 900 a month! But I wish it was per year 🙂 we pay about 10,800 per year for the family -don’t know why the B would not let me edit…
Post # 6
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 # 7
oh yeah and that of course does not include any of my co payments or co-insurance which is 10 percent
Post # 9
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
- Wedding: March 2014 - Chicago, IL
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, Darling Husband 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
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
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
Darling Husband 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
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
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.