So I just got my letter about my 2014 plans and was surprised to find out that a similar plan to what I have now costs more than 3x in 2014. Wow. I knew my premium would go up quite a bit but not this much. I guess open enrollment begins October 1st so we can shop but this is too much. Not sure if I qualify for a federal subsidy or whatever other thing they are offering.
So this government mandated healthcare doesn't turn out to be cheaper - not one bit. At least this is what I have experienced. I'm sure many others will have different experiences.
There are some additional benefits that the ACA requires but I don't believe they offset the monthly premiums.
Update:
I was informed recently that the insurance company will let its member keep their 2013 plans in 2014 as well. This means that that my healthcare costs in 2014 will not be 3x the cost. In fact, the rate increase will actually be reasonable. I hope this helps many others who were likely going to get a huge increase. I am glad that the rates won't be rising as much.
So this government mandated healthcare doesn't turn out to be cheaper - not one bit. At least this is what I have experienced. I'm sure many others will have different experiences.
There are some additional benefits that the ACA requires but I don't believe they offset the monthly premiums.
Update:
I was informed recently that the insurance company will let its member keep their 2013 plans in 2014 as well. This means that that my healthcare costs in 2014 will not be 3x the cost. In fact, the rate increase will actually be reasonable. I hope this helps many others who were likely going to get a huge increase. I am glad that the rates won't be rising as much.
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