US health care policy monthly premiums

Darwins Child

Below is an article that states that there will be substantial increases in medical insurance premiums in the US in the near future, but it does not go into what an individual and a family would typically pay for health insurance at present.

Obamacare Sticker Shock: Average 2017 Premium Surges 24% | Zero Hedge

When I lived in New Hampshire back in the 1880s, although I had a health plan through my company, a shall we say "hormone-challenged" female friend of mine was quoted approximately $350 per month by a private health insurance company for a policy that would pay for medications and hospitalization and which also had a very low deductible.

I'm very curious what people in the US now pay for health insurance, so I have two questions.

1. What do you who are individuals, and what do you who have families, pay for a plan with a low deductible, and in which state do you live?

2. If you have health insurance from your employer, what does your employer claim is the effective monthly premium that your employer has to pay on you behalf?

Thanks from a curious outsider.

JARblue

$350/month in the 1880's?

I have been forced to change my individual policies every year since Obamacare; they stop offering them every year and the plans get more expensive for shittier coverage each year. Went from a $250/mon PPO with $0 deductible 80/20 coverage with $1500 yearly max out of pocket. Now pay over $500/mon for HMO with $1500 ded 80/20 coverage with $4500 yearly max OOP.

They won't even give me a PPO plan unless I run it through my company. Which is way more expensive for the company and doesn't make financial sense.

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Darwins Child

Yes, that was a typo. I meant the 1980s.

This is going OT, but $350 per month was a lot of money in the 1980s. (For a reference, I was making about $9/hr at the time and this was a good wage for that day. $350 would have been close to a 40-hr-week's wages.) But this woman had a medical history and medical conditions at that time that she wanted paid by whatever plan she chose. That's why her quote was so high.

scottIN

Let's see...
Pre-ACA, when I had private insurance, $138 mo. / $5000 deductible + an HSA.

First year of ACA, $275 mo. / $5500 deductible + an HSA.

This year, $378 mo. with same deductible + an HSA.

So, with the Affordable Care Act, I'm currently paying 3X what I was privately for essentially the same insurance.

My girlfriend lost her insurance at work because of the increases to private insurance after ACA and had to get it on her own. She and I would get married, but since she gets a subsidy, last year it would have cost us an extra $400 mo. to be married. This year, the part she pays went up so much (no income increase - just a decrease in subsidy), that it would cost us $200 mo. more to be married. I assume that her subsidy will pretty much be eliminated by next year ($30K gross). When that happens, our insurance will be about $300 / mo. more than our mortgage. PLUS our OoP is $7700 so in reality our yearly healthcare costs (if we use it) would be right around $20K.

I need an operation, and if I go to the hospital, it's $21,000 ($7,700 to me). Or, I can go to a clinic that does not take insurance and it's $1900 all in. Guess where I'm going?

JARblue

I know a guy who takes care of his Grandma and spends the rest of his time skydiving (he's an instructor). His plan options are exactly the same as mine. He claims about $20K a year total and gets almost $400/mon in healthcare credits based on his income. Guess whose footing that credit

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ZeeingAround

Part of the rise in care cost charge those who have insurance by taking care of people who have nothing. Ever see how much it cost to take care of a crack head's newborn baby in ICU for over 3 months? My wife does.

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Rusty

Live in Pennsylvania. My wife has been retired for a year. I retired this past May. My wife is 63, I'm 60. Because of how much I made this year. I get no help from Obomba. We pay $1021.00 a month, with a $6,000 det. Because of the county I live in (Fayette). I can only get one plan. Now, if I lived across the river (1/2 mile), in another county (Washinton). I would have a choice of 4 different plans that are cheaper.

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Darwins Child

Yikes!!

Rusty

Next year is going to be even worst! Less plans, higher prices. Most insurance companies are pulling out. Obomocare was written to fail. This is what Obombo had planned. Going to a single payer plan.

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"The Difficult Anytime, The Impossible By Appointment Only"
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scottIN

Here's how bad the whole ACA (trying to keep in non-political) is:

It was written by the Health Insurance Companies (my ex was working for one at the time so I have a bit of an inside scoop). You've got to assume that they wrote it to be to their benefit. Even with that, they can't make money and are pulling out. They rigged the game and still can't win.

scottIN

So to follow up on this post. Got my new premiums Saturday. Up 67% Yeah - I don't have fat fingers. That's sixty-seven percent.

I believe that we had 3 insurers in my county and now down to one. And I live in a very unhealthy county.

My girlfriend's nearly doubled because not only did she get hit with the increase, her subsidy went down. Her health insurance is now 28% of her takehome. If she was on her own, it would be impossible for her to pay.

Chuck33079

My plan was flat out cancelled effective 12/31/16. Now we're trying to get a group set up through work, and the best case scenario for similar coverage (~5000 ind. deductible) will be a ~35% increase.

One of my coworkers is looking at a ~150% increase to his family, with his subsidy being yanked since his wife got a job and his household income just kicked him out of any government assistance.

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Rusty

It's going to get worse. Hillary want it to fail so that she can put her version in that is a single payer plan. And that will take awhile. I haven't received anything about my next year's insurance yet.

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浪人 - 殺し屋
"The Difficult Anytime, The Impossible By Appointment Only"
http://www.the370z.com/members-370z-...o-journal.html

Hotrodz

The company I work for provides pretty good insurance considering the market place. I pay about $600 a month for my family and I have about a $2000 deductible.

I also represent our company on our insurance pool board and because we provide our employees with such a good plan we (the pool) are looking at a pretty hefty Cadillac tax because we are doing good by our employees. The system needs a hard reboot!

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