What Do You Think Of This Health Insurance Premium?

Lon

Well-known Member
I just read on FACE Book a posting by my grandson that his monthly premium for his family of four had gone up to $1,256 monthly.
He is a well paid employee of the COUNTY which subsidizes part of the premium. The $1,256 is his portion.
 

My portion of the premium for Kaiser Permanente as a California state employee is showing as $1323/month for two. I don't know if that is going to be my permanent figure, I just started up my health benefits with the state, as my wife retired from the County; was on her benefit plan until then.
 

I just read on FACE Book a posting by my grandson that his monthly premium for his family of four had gone up to $1,256 monthly.
He is a well paid employee of the COUNTY which subsidizes part of the premium. The $1,256 is his portion.

Those kinds of prices seem to be the norm for young people. It's no wonder that many of them cannot afford Health Insurance. We have a young couple across the road, with 3 kids,, and the best price they can find is well over $1000 a month....and then, the co-pays would be off the charts. It seems that the ONLY ones who are benefiting from the ACA (Obamacare) are the welfare recipients....who qualify for huge government subsidies.

At some point, the people of this nation are going to have to wake up and Demand a SP-UHC system similar to that which works for much of the rest of the civilized world. However, the biggest hurdle to such a plan here would be our entrenched Health Care Industry...which is reaping billions in profits from our present overpriced system.
 
Healthcare is spiraling out of control. Some of it may be partially due to Obamacare but I doubt that it's the only reason. Families cannot afford to pay between $1000-$2000 mo in healthcare even if they are earning a decent wage. Combined with deductibles and out of pocket expenses, it is unreasonable. Those less fortunate not earning good money are being squeezed.

Sure hope the powers that be sort through this mess. It would seem that some of the companies are focused only upon profit and while that may be understandable, maybe that's part of the problem. BC is nonprofit but still doing well as a group. I would hope that when a new congress is seated, they can put aside partisanship and come up with some solutions. Repealing Obamacare will not fix things unless something better is put together to replace it. IMO
 
I have Obamacare and my portion of the 2016 platinum premium for an individual is $665.00/month. I'm holding my breath to see what it will be next year, I'm estimating that it will be approx. $825.00/month for 2017, we'll see.
 
I find insurance premiums in the amounts mentioned here to be outrageous. How in the world do people afford these premiums? I don't think I ever could have done so.

Aren't these premiums much higher than before Obamacare? The last year I paid my own insurance premiums myself (2010), my premium was about $500, and I had a hard enough time with that.
 
I find insurance premiums in the amounts mentioned here to be outrageous. How in the world do people afford these premiums? I don't think I ever could have done so.

Aren't these premiums much higher than before Obamacare? The last year I paid my own insurance premiums myself (2010), my premium was about $500, and I had a hard enough time with that.

In 2013 my retiree insurance premium through my previous employer was $912.00/month and the initial monthly platinum premium through Obamacare in 2014 was $465.00/month so it was a big help to me in the beginning.

The premiums are very high but I look at it as wealth insurance instead of health insurance. My retirement is mostly self funded and without good insurance my private income could be wiped out by a couple of large medical expenses.
 
I wouldn't blame the ACA, but rather the Insurance companies who have found yet another way to gouge people. The only fault of the ACA is that it is based on private insurance and was not made single payer. Hopefully it can be fixed.. but don't hold your breath.. Republicans in DC will not hear of it. will want to go back to lifetime limits and exclusion of pre-existing conditions... as well as elimination of free screenings.. count on it.
 
Since I retired I've been paying full freight for my former employer's health insurance, which along with dental coverage comes to a staggering $1,604/month for the two of us. It's a good plan for sure, but on top of that have been plenty of out of pocket costs this year. When I was admitted to the hospital in August, my co-pay was $250. My wife has had many doctor visits this year as she continues to seek treatment for nerve-related pain. Those are all $20 each. I think for the first time ever, I'll be taking some form of deduction on Schedule A next year for health-related costs.

I shudder to think how much our cost will be going up for 2017, and that alone may be reason to keep working part-time.
 
What do I think? I think I'm extremely glad I'm growing old with the NHS in the UK. Something the US needs badly.

On this side of the pond those of us that don't travel to the UK only have media articles to base our perception of the NHS. If this article that is a little over one month old is any indication of health care I don't think America needs this as an example.


The body that represents hospitals across England has issued a startling warning that the NHS is close to breaking point because of its escalating cash crisis.
Years of underfunding have left the service facing such “impossible” demands that without urgent extra investment in November’s autumn statement it will have to cut staff, bring in charges or introduce “draconian rationing” of treatment – all options that will provoke public disquiet, it says.
NHS 'in perpetual winter of Narnia' as waiting list reaches record 3.9m

In an unprecedentedly bleak assessment of the NHS’s own health, NHS Providers, which speaks for hospital trust chairs and chief executives, tells ministers that widespread breaches of performance targets, chronic understaffing and huge overspends by hospitals mean that it is heading back to the visible decline it last experienced in the 1990s.
“Taken together this means the NHS is increasingly failing to do the job it wants to do and the public needs it to do, through no fault of its own,” Chris Hopson, the chief executive of NHS Providers, writes in the Observer.
https://www.theguardian.com/society/2016/sep/10/hospitals-on-brink-of-collapse-say-health-chiefs

What was envisioned and some of the provisions of the ACA are good. IMO if the next president uses the parts that actually benefit people and build on those America will have a system that does serve health care needs at a reasonable cost.
 
I have Blue Cross, and my current premium is $743 month for myself as a single person; it would be $100 a month more if not for a state worker offset I receive. The insurance never pays the full amount that I'm charged for my actual medical expenses, and the amount they'll pay for lab work has been as low as half of what I'm charged, forcing me to go shopping for the lowest priced labs rather than those conveniently located. My medication plan only provides the cheapest generics, and those for only 30 days at a clip. I'm looking forward to qualifying for Medicare so that I can do better on my health care expenses.
 
I have Blue Cross, and my current premium is $743 month for myself as a single person; it would be $100 a month more if not for a state worker offset I receive. The insurance never pays the full amount that I'm charged for my actual medical expenses, and the amount they'll pay for lab work has been as low as half of what I'm charged, forcing me to go shopping for the lowest priced labs rather than those conveniently located. My medication plan only provides the cheapest generics, and those for only 30 days at a clip. I'm looking forward to qualifying for Medicare so that I can do better on my health care expenses.

I think that premium is outrageous!!! There's no way I could afford that -- I guess I'd just have to do without. I had an individual plan for myself back when I was working, until I qualified for Medicare. The highest I paid was $465 per month. I now have Medicare and an advantage plan, for which I pay nothing except the regular Medicare premium.
 
That's an unrealistic amount. The affordable healthcare act isn't very affordable to some. I have some friends and one is on medicare and one isn't but is on SS so the income is fixed except for some investment income. What happened to them is the income for both was counted yet only one needed insurance so the premium was incredibly high. They are going to get a divorce, end a 40 year marriage, so they can both have healthcare and keep enough income to pay their property taxes and buy food. I don't understand this government that allows and encourages such wanton greed by healthcare companies. Most healthcare companies in my state are cancelling plans right and left and the plans that are remaining cover next to nothing for their outrageous fees.
 
I have Blue Cross, and my current premium is $743 month for myself as a single person; it would be $100 a month more if not for a state worker offset I receive. The insurance never pays the full amount that I'm charged for my actual medical expenses, and the amount they'll pay for lab work has been as low as half of what I'm charged, forcing me to go shopping for the lowest priced labs rather than those conveniently located. My medication plan only provides the cheapest generics, and those for only 30 days at a clip. I'm looking forward to qualifying for Medicare so that I can do better on my health care expenses.

You'll still be using generic prescriptions on Medicare to avoid the donut hole.
 
?
That's an unrealistic amount. The affordable healthcare act isn't very affordable to some. I have some friends and one is on medicare and one isn't but is on SS so the income is fixed except for some investment income. What happened to them is the income for both was counted yet only one needed insurance so the premium was incredibly high. They are going to get a divorce, end a 40 year marriage, so they can both have healthcare and keep enough income to pay their property taxes and buy food. I don't understand this government that allows and encourages such wanton greed by healthcare companies. Most healthcare companies in my state are cancelling plans right and left and the plans that are remaining cover next to nothing for their outrageous fees.

The greedy insurance companies are canceling plans?? If they're making so much money were they canceling plans?
 
Sorry, I have paid lifetime benefits thanks to the kind citizens of the Commonwealth of PA.
 
?

The greedy insurance companies are canceling plans?? If they're making so much money were they canceling plans?

It appears they still offer medicare advantage plans and employer plans. They are dropping all but one of the obamacare plans and in that one they have drastically reduced the network. They are upset that so many people who had low deductibles actually used the insurance, met their deductible so they had to pay out.
 
It appears they still offer medicare advantage plans and employer plans. They are dropping all but one of the obamacare plans and in that one they have drastically reduced the network. They are upset that so many people who had low deductibles actually used the insurance, met their deductible so they had to pay out.

You have me a little confused.
Are the insurance company for making a ungodly amount of money on ACA or not?
In your previous post you seem to suggest that the insurance companies are making a lot of money on ACA products but then mention they are dropping them. Why would they be dropping the plans if they were so profitable?
How can they disenroll/drop plans and people and make a profit? Don't they want enrollments for the premium dollars?
What am I missing?
 
I'm still self-employed and have medicare/no S.S. @65 . I have a ACA 2017 plan for my younger wife for $74 dollars/$250 deductable, a month after ACA subsidy. It appears we will loose the susidy and her insurance, we will see. My part be will go to $134 a think? Some folks will be hurt when ACA is stopped is the reason I posted this.
 
OMG!! I feel so bad for those of you (and your grandson Len) who are paying that kind of money just for health insurance! I worked for the state and until I went on Medicare, my health coverage was free. I have an excellent plan and love my doctors. I think it's just WRONG that people have to pay so much for health coverage! It's too bad that the Affordable Care Act turned out to be such a bomb for many people. I've heard others say the ACA has been a blessings. People love to blame president Obama but if my memory serves me correctly, there were things in that act the the Republicans added or edited under the condition that they would only sign if the changes they wanted were in there. So who knows what parts were their doing? We'll see what happens during the Trump presidency since they want to dismantle it. I wonder if the uber rich will come up with a plan that is beneficial for "regular folks".
 
It appears that Chicago is about to experience Severe Health Care Insurance issues for its retirees....and this is a City/State that is dominated by Democrat politicians....so this is NOT a Republican problem or issue.

http://chicago.suntimes.com/politic...phaseout-chicago-retiree-health-care-program/

Health care expenses in the U.S. are quickly reaching a breaking point for large numbers of our people, and if Washington doesn't get off its Dead A$$ and do something in the very near future, this is going to be a crisis issue.
 
I think I should be ashamed of myself for being miffed when our BC Insurance rate went up to $130.50 per month. It covers all dr visits and any hospital stays for the 2 of us.
 
>>It seems that the ONLY ones who are benefiting from the ACA (Obamacare) are the welfare recipients....who qualify for huge government subsidies.>>

On the contrary: the people who have benefited the most from ACA are the people with pre-existing conditions, who were often turned down for insurance. Diabetes, high blood pressure, thyroid conditions, etc. - many conditions which can be treated with generic prescriptives, where early detection and prevention improve both the quality of life and mortality ratio.

The ONLY reason Medicare exists is that longevity was pushing retirees into bankruptcy, because they didn't have retiree medical benefits and there was NO alternative except out-of-pocket. When the middle-class seniors began going bankrupt from healthcare costs - remember the "eating dog food" stories"? I do - then the political pressure began to help seniors.

Even then, the Repubs dragged their feet, as did the Southern Dems (who eventually fled to the Repub side and became the Tea Party faction). The ORIGINAL healthcare legislation was Richard Nixon's blueprint for national health insurance, a cause which he firmly believed in since the early 1960's.

Due to the outcry over "socialism", the legislation was modified to be only for seniors, not all citizens. The insurance industry was allowed to continue to "pick and choose" applicants. And this is why, 50 yrs later, the U.S. spends more $$$$ and gets less return for its healthcare funds, than any other industrialized country in the world.

I retired in 2006. I noticed that very few people paid any attention to the REAL cost of their healthcare, which was clearly listed in Open Enrollment literature. At that time when our employees were paying $100/mo, the HMO cost was $850/mo and the PPO cost was $990/mo.

I realized then that only the self-employed had any idea what healthcare insurance actually cost. For company employees, they just never bothered to read, or think about what their benefits actually meant.
 
I wouldn't blame the ACA, but rather the Insurance companies who have found yet another way to gouge people. The only fault of the ACA is that it is based on private insurance and was not made single payer. Hopefully it can be fixed.. but don't hold your breath.. Republicans in DC will not hear of it. will want to go back to lifetime limits and exclusion of pre-existing conditions... as well as elimination of free screenings.. count on it.
I completely agree.
 


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