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How did your insurance rates change?
Posted by Boundary Lines on January 3, 2014 at 10:20 pmI have Blue Cross Blue Shield for myself and wife that runs $387 a month, just checked healthcare.gov and it was $817 for similar coverage.
How was your results?
DeletedUser replied 10 years, 8 months ago 29 Members · 59 Replies -
59 Replies
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I have Blue Cross and Blue Shield also, and it is pretty much the same for me. I pay for my employees insurance also, and the premiums went up $90 a month per employee effective 1 January because the policy had to be expanded to meet the ACA requirements, which required maternity coverage on all male employees. So if any of my male employees get pregnant, at least they have insurance to cover them now.
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Oh Boy here we go!
Let’s all try real hard to keep this from becoming a political rant because I would like for everybody to see how onerous the “Affordable” Health Care Act really is.
My wife and I had health insurance from Pacific Source at $656/mo. It was one of the policies that had to be canceled. The Oregon insurance commissioner with the blessing of Obama took the law into her own hands and decided to allow any insurance company that had canceled policies could reinstate them for up to a year. Our company opted to extend for 3 months only. I will switch to Medicare in March as I will be turning 65 so we decided to stay with our original policy until then. Part of our reason for staying is the fact that Oregon’s on-line exchange has yet to come on line and at this point it is anybody’s guess if it ever will. We have submitted paper applications twice but the exchange can’t seem to correctly transfer the information. If we hadn’t decided to stay with our original policy we would be without coverage as of Jan 1.
My wife will need to switch to an exchange offered policy in March. If we had switched in January rather than waiting, our Obama care policy would have been over $1000/mo with less coverage. Now see if this makes any sense to you. When she goes onto Obama care the policy will cost more for her alone that it would for the 2 of us together! Plus I’ll be paying Medicare premiums on top of that.
I can only hope that the law will be greatly revised after the next election.
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The cost for our family of 3 went up 7%, less than or equal to the increases in any year going back to 2003.
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Keep an eye on this one, Wendell
Good thought, djames, biting mine as well.
Probably for different reasons:-)Don
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We have been shopping the last two months.
Current coverage is $1,200 per month because of 29% increase the last three straight years for a family of three.
To top it off they called a few months ago and said that they had grandfathered us in on our coverage. Checked that out and they did that to keep from having to cover us on newly mandated changes like yearly mammograms for the wife and yearly physicals for us and a few other perks they would normally have to pay for.
Odd thing about the new Affordable Health Care is that in some places in Texas there are maybe 4 or more companies offered and in others there is only one to choose from.
Will probably go with Blue Cross Blue Shield for about $700 a month.
:-S
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I was paying $630 for a crappy Cigna plan for my wife and kids (I couldn’t get insurance for myself).
I bought a plan off the exchanges for $660 that covers all 4 of us and has a lower deductible and copays. I can’t complain. I could have gone as low as $430 for a Bronze plan that covers all of us, but went with Silver.
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We’ve been paying for our own insurance since 1987. Under the new plan, our insurance dropped by several hundred dollars a month. Then again, we don’t make much money in the north country.
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Those whose are answering this, it would help if you indicated the amount of “subsidy”, if any, that the rest of us are contributing. In other words, what is the true cost of the policy, not just “your” portion.
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> I have Blue Cross Blue Shield for myself and wife that runs $387 a month, just checked healthcare.gov and it was $817 for similar coverage.
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> How was your results?Business has been getting better and better. So much so that we haven’t been able to finalize our decision on a new plan from the exchange. The Silver plan we’ll probably CHOOSE will provide better coverage and save us roughly $400/mo. YES, $400 PER MONTH!
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> Those whose are answering this, it would help if you indicated the amount of “subsidy”, if any, that the rest of us are contributing. In other words, what is the true cost of the policy, not just “your” portion.
Paying full-pop on our current plan and our full-pop premium on a Silver plan will be hundreds LESS.
Here’s an idea, why don’t you investigate the cost of “subsidizing” those that use the doctor at the ER as their primary care physician…
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> Those whose are answering this, it would help if you indicated the amount of “subsidy”
None, in our case, unless you count the self-employed health care deduction. $1,851.94 per month for the 3 of us, not counting the deduction.
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Don’t think of it as a “subsidy”, think of it as a “voucher” … 😉
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> I have Blue Cross Blue Shield for myself and wife that runs $387 a month, just checked healthcare.gov and it was $817 for similar coverage.
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> How was your results?I was one of the ones who originally had my plan cancelled, but then had it reinstated after the president’s executive order. I have a Florida Blue high deductible HSA health insurance plan ($182 per month, deductible and max out of pocket $5000). I am fairly young (38) and my 7 year old son is on the plan as well with no major health issues, which is probably why we have a fairly good rate. Originally Florida Blue was going to put me on a new Affordable Care Act compliant plan for around $360 per month (not quite double), but the deductible went to $12,600 (over double) and I wasn’t sure what my max out of pocket was. I tried going to the exchanges a couple of times early on, but was unsuccessful. I shopped around on the Florida Blue website and came to the conclusion that of the Florida Blue ACA complaint plans available the one that they selected was as close to my original plan as possible. So, as of now, I am keeping my plan. I guess we will see what happens in year to see what my options are then.
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Our firm’s rates went up 44% across the board. Somewhat less for young and single, almost a 60% increase for older. Deductibles went from $2K/yr to $5K/yr. This was the BEST rate we could get. Unless something changes dramatically this year my future health care will be at the ER…
Still haven’t been able to get the “exchange” to work. Have entered a lot of personal data at least 5 times and been kicked out of the system again and again…
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Of the two policies affected by ACA that I’ve been involved with, both were with young single men. One tripled in cost and the other a bit more than triple. One got on another companies insurance which wasn’t terminated and the other young guy says he can stay on his non-compliant one, at the same rate, during 2014 and pay a fine at the end of the year. He’s hoping there will be a change in the law sometime this year. I think he will be disappointed
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> Those whose are answering this, it would help if you indicated the amount of “subsidy”, if any, that the rest of us are contributing. In other words, what is the true cost of the policy, not just “your” portion.
yes, I finally get a tax break like the big guys.
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> > Those whose are answering this, it would help if you indicated the amount of “subsidy”
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> None, in our case, unless you count the self-employed health care deduction. $1,851.94 per month for the 3 of us, not counting the deduction.I looked into the subsidy which pays insurance premiums in excess of 9.5% of your income (as long as you make less than 400% of the poverty rate). With my wife’s income, we were right at the limit. It was further complicated that my wife’s employer offers me health insurance (albeit at astronomical premiums that we can’t afford). Apparently that effects the subsidy and it makes it where I can’t take the self-employed heath care deduction either.:-(
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My rate up 63%. The policy was grandfathered so I am one of the ones who truly does have the option to keep it.
Part of my increase happened because I went from one age range group to the next higher group. My agent told me I was due an increase of 20 to 25% that had nothing to do with Obamacare.
The rest of the increase? All because of government regulations.
Larry P
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> My rate up 63%.
Similar to the subsidy question, these increases should be considered in light of the differences in level of service. I’m thinking that most of that 63% (48% if you discount the age bracket change) is due to a higher benefit level. The customer may not want or need the additional benefits, but those benefits do have value that need to be taken into account.
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