How much is your current medical insurance premium increasing due to ObamaCare?

1. 77

   Abby Campbellposted 9 years ago

   How much is your current medical insurance premium increasing due to ObamaCare?
   
   I'm just curious how many people have received notices from their insurance companies on the rise of premiums for the upcoming year? I just received my notice from Blue Cross Blue Shield. It usually goes up a few dollars per year. I pay $475 monthly for a family of 4. My increase is more than 100% with a new premium of $955, and my benefits aren't even up to par to my current plan. What about yours?

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2. 39

   ChristinSposted 9 years ago

   Then you need to look into exchanges in your state.  I tried signing in and doing it yesterday, but the site was so overloaded I kept getting an error message. My state premiums are slated to be less than average.  Here we have 6 providers in the exchange with over 160 plans to choose from - that means competition and that means rates should be lower.  It is still private insurance companies also and you can use the exchange (in my state) even if your employer provides insurance but it is too high.  If you are paying for your own being self-employed, then look into the exchange, unless you live in a Republican run state where they chose to block that part of the bill, then you're rates probably are through the roof.  In that case, contact the governor of your state and push for the exchanges.  I believe our premiums will be around 180 or so per month for my family of 4 (estimated I haven't been able to long on for a final plan) We will also qualify for a subsidy at the end of the year to cover much of it.  I am self-employed and can't afford insurance prior to this - I'm relieved!

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3. 53

   Ericdierkerposted 9 years ago

   Premiums have gone up slightly but for a family of three it is the deductible and the co-pay that went crazy -- from $10 a visit co-pay and zero deductible to $4,000 deductible and $40 dollar co-pay. So we could end up paying $500 a month plus $4,000 if we use it. Plus pharmacy charges. And still that $40 co-pay. So we will probably go on the government dole and get it at an exchange which will drop the co-pay and put us at $5,000 deductible with about a $250 premium and do a lot more praying and ignoring routine matters and just suffer a bit more, because we will not be able to handle things like antibiotics and physicals and things like breast exams or suggested colonoscopies and put up with bad allergies.

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   1. 39

      ChristinSposted 9 years agoin reply to this

      The exchanges are NOT government run insurance plans. They are also private insurance companies. Depending on your state, there should be many policies to choose from at varying rates. It's not the "gov dole" unless you go medicaid or medicare

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   2. 53

      Ericdierkerposted 9 years agoin reply to this

      Excuse me? When risk is not a factor in determine cost of "coverage" it is not insurance -- look it up. Government subsidies for coverage is a dole. It is money given to you, for you from the government. So, correct, not Gov insurance.

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   3. 39

      ChristinSposted 9 years agoin reply to this

      but the insurance is not govt run insurance as you made it sound. You'd rather go back to being able to be denied coverage for pre-existing conditions? Not me. I'm not thrilled with this plan, but anything is better than what we had previously.

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   4. 53

      Ericdierkerposted 9 years agoin reply to this

      Oh now I see -- yes it is so regulated and dictated and overseen it is government run. But not gov. owned. When you take away the ability to make decisions from the private sector it is gov. run. But you are very right not gov. owned.

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   5. 39

      ChristinSposted 9 years agoin reply to this

      all businesses are regulated, that doesn't mean they are govt run. Regulation, ideally, is the govt working for you to ensure that businesses can't take unfair advantages. its necessary. People shouldn't die because they can't get coverage.

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   6. 53

      Ericdierkerposted 9 years agoin reply to this

      ChristinS. Very few businesses have any direct government oversight. Of course we have laws. But this is hands on approval or not approval. Certainly you see the difference. But this piece is about cost. And it will cost me more.

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   7. 39

      ChristinSposted 9 years agoin reply to this

      With more participating, it should ultimately cost less and you should have more choices - which of course in theory, should be a good thing. I'm taking a "wait and see" attitude to it.

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   8. 53

      Ericdierkerposted 9 years agoin reply to this

      Me too. Considering options and staying informed. Our move will be only if something saves us money. I am happy for those who can now at least get something. And for others who only work now for the benefits of employee plans -Freedom.

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   9. 77

      Abby Campbellposted 9 years agoin reply to this

      Definitely crazy, Eric! Subsidy would bring our premium down by nearly $600... doesn't make sense that the gov't will pay BCBS that amount that I can't pay when I was actually paying more without gov't assistance before. Also higher costs here! :-(

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4. 56

   NikaWestposted 9 years ago

   That's quite an increase!. I am not even sure how you can afford it.
   Why do you say that it's ObamaCare related? I don't see the correlation and would appreciate you telling me your thoughts (and facts) on this.
   Cheers.

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   1. 56

      NikaWestposted 9 years agoin reply to this

      Okay. So I'm starting to get it. I just did my taxes using Turbotax and it has a part of it dedicated to Obamacare. I did a family making $25,000 a year and it said my payment would be over $800 a month. THAT'S INSANE.

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