Dropped my employer provided medical, which cost more than 10k for the year, not counting any deductions. For 2024 they had to raise it 10%.
Wife enrolled us in an equivalent but better ACA plan. I kept my Vision, Dental, and accidental life dismemberment insurance, for myself and spouse. About 10 less than last years bi weekly rate. Now my employers medical, I had the top tier as I am getting older, was approx 341 BI-WEEKLY not sure how much employer provided. This open enrollment it would've went to 400+ BI-WEEKLY.
The ACA plan is 87 dollars per month, with lower out of pocket maximum, and 3k each out of pocket vs 2024 employers 4.5k out of pocket before 80/20 kicked in. ACA is lower office visits, lower prescription co pay, unless non generic.
I am saving my car payment + some a month.
Yup. I know I’ve ranted about it in several threads. I pay almost exactly $1,000/mo for my employee sponsored health insurance family plan. It’s insane. I wouldn’t feel bad if I had a dozen kids or something but we’ve only got the one
And the out of pocket expense for the delivery was higher than expected (about $7k overall) because this being ‘Murica baby got her own deductible and out of pocket maximum as soon as she was born, and required some patting down from NICU nurses. Read some things saying that’s basically illegal to be charged this way and all delivery related charges should go under the mother but didn’t feel like fighting it out at the time with everything else going on.
So effectively $19k in just pure medical expenses for the privilege of having a child and people wonder why more of my generation isn’t having kids
I think more people should be aware of how the ACA determines “affordable cost” and who is eligible for subsidies. For now I’m over the income limits but in the future there’s a good chance it will make sense for me to switch to individual coverage through employer (which they cover almost completely) and buy ACA plans for the wife and baby
Learn about affordable coverage by reviewing the definition in the HealthCare.gov Glossary.
www.healthcare.gov
- For coverage starting January 1, if you’re offered job-based coverage through a household member’s job, affordability is based on the premium amount to cover everyone in the household.
All that being said I obviously think good health insurance is necessary and worthwhile. While I think it’s a bit absurd I pay the $12k a year in premiums for peace of mind.
I just really, really wish we had a single payer system, M4A or otherwise. It makes more sense, it’s easier for literally everyone (employers don’t like having to manage health insurance either), it’s the most efficient, it’s used everywhere else, it’s so hard to come up with a reason against it that isn’t for the exclusive benefit of a select group.
By the way - being a dad is great I can 11/10 recommend provided you have a pile of cash to burn