Obamacare premiums going way up for many (22% on average)

[highland145]

Look at medishare or Samaritan.

 

[Meghan54]

I ran our stuff through the marketplace and we were offered this plan...dunno, think the deductible is too high? But, of course, the real problem with it is it's Obamacare....

 

[highland145]

Sweet. Is that because it's GA vs S.C. or income based? Not trying to get in your personal business but curious.


Got tired of the rednecks in Abbeville?

EDIT: $1900 reduction? WTH?

 

[Svnla]

On my way to work this morning, NRP Radio went to North Carolina and interviewed a few folks there for the upcoming election. One of them was a guy who has a small business (wall climbing/health club) and he said health insurance (Obamacare compliance) for his business and a small group of employees just went up 77%. The report repeated "seventy percent? Is that correct?" and he replied "yes, that is correct, not 7%, not 17%, but 77%".

 

[Mandres]

What does that have to do with the ACA? Businesses don't buy their policies from the federal marketplace.

 

[HumblePie]

Stop spreading facts!

He wasn't really. I basically wrote out the numbers on my 1040's here that was saved on turbo tax for 2 different years for taxes. I even did a budget breakdown.

I ran our stuff through the marketplace and we were offered this plan...dunno, think the deductible is too high? But, of course, the real problem with it is it's Obamacare....

It's an HMO and has more restrictions, but if there is plenty of coverage for that plan in your area then go for it. WAYYYY cheaper than anything I can get. Assuming those prices aren't reflecting a subsidy being applied.

For me I have a silver PPO. $3,000 family deductible. $30, $60, $300 co-payment splits for med, specialist, and emergency care. Not including dental or vision it's about $1,480 a month. So about $370 a week. With dental, and vision thrown in, that's another $30 a week on top basically a week. So about $1,600 for the family per month. Then I also pay into a flexible spending account as well right now. Which is another $800 a month.

When I left my last job I was at and they offered me the Cobra rates for what I was getting with a silver equivalent plan there, the rates without the FSA plan was $2,400 a month. I was still paying $900 a month before I left. Of course it was a slightly lower deductible and co-pay than my current offering.

 

[cliftonite]

He wasn't really. I basically wrote out the numbers on my 1040's here that was saved on turbo tax for 2 different years for taxes. I even did a budget breakdown.


It's an HMO and has more restrictions, but if there is plenty of coverage for that plan in your area then go for it. WAYYYY cheaper than anything I can get. Assuming those prices aren't reflecting a subsidy being applied.

For me I have a silver PPO. $3,000 family deductible. $30, $60, $300 co-payment splits for med, specialist, and emergency care. Not including dental or vision it's about $1,480 a month. So about $370 a week. With dental, and vision thrown in, that's another $30 a week on top basically a week. So about $1,600 for the family per month. Then I also pay into a flexible spending account as well right now. Which is another $800 a month.

When I left my last job I was at and they offered me the Cobra rates for what I was getting with a silver equivalent plan there, the rates without the FSA plan was $2,400 a month. I was still paying $900 a month before I left. Of course it was a slightly lower deductible and co-pay than my current offering.

$900 a month for employee sponsored insurance? I think we are at around $300 $1500 deductible, low copays.

 

[HumblePie]

$900 a month for employee sponsored insurance? I think we are at around $300 $1500 deductible, low copays.

Yep, abut that with what I'm looking at with my old paystubs online. Last employer where I had subsidized health through them was about $900 a month with a $1,500 family deductible PPO silver plan that had only $25 copay for anything but emergency and that was a $100 co pay.

 

[werepossum]

I ran our stuff through the marketplace and we were offered this plan...dunno, think the deductible is too high? But, of course, the real problem with it is it's Obamacare....

Shens. Unless the rest of us taxpayers are picking up your health insurance costs, there is no freakin' way any insurance company is paying 94% of your yearly medical costs for $740.

Mine will be going up 67% for 2017. The premiums will then be significantly more than my mortgage. Given the sky high deductibles, this is useless insurance. I will be paying the fine and getting non ACA hit by bus coverage for next year.

I don't think that insurance exists anymore. All non-Obamacare compliant primary health insurance is verboten, on the grounds that it might lead to independence and worse, thinking for oneself.
If I could buy only catastrophic/emergency care health insurance, I'd do it in a heartbeat.

 

[senseamp]

That's a good deal, but you won't see the media reporting it, only worst case scenarios.

 

[SP33Demon]

I ran our stuff through the marketplace and we were offered this plan...dunno, think the deductible is too high? But, of course, the real problem with it is it's Obamacare....

Why would the monthly premium go down from $1,982/month to $61? You forgot to photoshop the 1982 bro.

 

[charrison]

That's a good deal, but you won't see the media reporting it, only worst case scenarios.

That is why it is all going to come crashing down. It is not sustainable as the the 95% discount cannot be maintained if all the worst case scenerios folks drop coverage because it makes no sense.

I know I am very likely dropping my aca coverage next year for that very reason.

 

[Meghan54]

Why would the monthly premium go down from $1,982/month to $61? You forgot to photoshop the 1982 bro.

Sorry, speedy, my boy, no shop. You really are a dumb ass, aren't you? Thought this thread was about the ACA and guess what, you cannot fathom in your worm infested brain that someone could actually be using it or how an ins. premium payment is decreased. Sheesh.

As for the massive increases in premium, the original thesis of the OP, I do understand where that could have come from. We received a renewal notice from BCBS, with whom we're currently insured, and this is what they presented:

I mean.....damn! A $504 increase on my monthly premium. I was quite ready to find the same pricing on the Marketplace. Thank goodness I was wrong, as was the renewal notice from BCBS.

This is another plan offered....$35/mo. for essentially 90/10 coverage, which is almost the same cost as what we have this year, which is essentially a 75/25 plan with a $500 ded. per person. But the 90/10 plan's ded. is only $250/person. Unfortunately, one of the more important aspects of the plan, at least to us, is the amount we're responsible for for an in-hospital stay. This plan below puts 50% of all in-hospital charges upon us to pay, which is an aspect that at our age is a very real possibility happening--going into the hospital. Another is the ER charges we'd face...the plan below has us paying $350 + 10% of every ER visit, another service that's a real possibility of us utilizing. The plan I first linked/showed has our ER charge being a flat $100/visit once past ded. Much more palatable.

So, I understand the consernation for increased premiums, given what BCBS sent us as a renewal notice. Thankfully, that didn't materialize when really shopping on the Marketplace...at least for us.

 

[Hayabusa Rider]

Of course we should.

We should as soon as we don't have elections that feature the likes of Trump and Hillary, and early elections are possible like many EU countries. At this point in time we cannot do a half decent job of having the government take over life and death decisions by not having a clue. We should have been working on this instead of Obamacare, but people didn't want good reform, they wanted what their party leaders told them they wanted.

 

[highland145]

Shens. Unless the rest of us taxpayers are picking up your health insurance costs, there is no freakin' way any insurance company is paying 94% of your yearly medical costs for $740.

Why would the monthly premium go down from $1,982/month to $61? You forgot to photoshop the 1982 bro.

Called my agent after healthcare.gov quoted me $1400mo. She confirmed the $$ and said, on the bright side, I wasn't 60 because it would be $2K/mo without subsidies. Thanks, Miss Sunshine. If I were at $25K/year income, the premium would be ~$25/mo with subsidies....


Informative post from dullard:

http://www.portvapes.co.uk/?id=Latest-exam-1Z0-876-Dumps&exid=thread...hsa-contribution.2456232/page-2#post-38553117

According to BCBS South Carolina's website you get $7200 from the government if you earn $80,639 with a family of 3 and nothing if you earn $80,640 or higher. So, that is a big transitional period. There are no other cutoffs if you make $250k, $500k, etc. Basically if you earn ~$85,000 as a self-employed person, it is better to cut your salary and earn ~$80,000 instead.

If you earn less than $80,639 with a family of 3, the subsidy increases. The less you earn, the higher the subsidy until the government essentially pays for it all*.


* This is impacted by whether or not your state accepts the increased Federal Medicare. It is smooth to $0 income if your state accepts the federal money, but there is a big gaping gap if your state does not.

 

[HumblePie]

Highland, pretty much what I was saying. And there is a bit of after adjustment as well that is factored in with how much you earn for subsidy qualification.

 

[highland145]

Looks like I need to drop my income by $40K to get subsidies or raise it by $40K to pay for the insurance...

 

[michal1980]

But Obama said premiums would drop when we passed the law.

http://www.politifact.com/truth-o-m...st-typical-familys-health-insurance-premium-/

 

[highland145]

Dropped pretty good for some. The middle class self employed went under the bus though.

 

[Svnla]

I have BSBS too and it is only for me but my monthly premium was never that low from the very beginning as the other poster ($35/month and it was for a family?). Back when I started with BCSB (long before Obamacare), it was about $65 a month or so and it was for $5K deductible for a single person and I am not a multi millionaire like a typical AT poster.

 

[agent00f]

LOL What?

Did I state that you are getting reamed for the full 25%? No, I said you have deductions and credits that eat into that. At the very minimum the standard deduction

It's a mystery how a self-proclaimed 100k/yr professional literally can't figure out marginal taxation.

Called my agent after healthcare.gov quoted me $1400mo. She confirmed the $$ and said, on the bright side, I wasn't 60 because it would be $2K/mo without subsidies. Thanks, Miss Sunshine. If I were at $25K/year income, the premium would be ~$25/mo with subsidies....


Informative post from dullard:

http://www.portvapes.co.uk/?id=Latest-exam-1Z0-876-Dumps&exid=thread...hsa-contribution.2456232/page-2#post-38553117

According to BCBS South Carolina's website you get $7200 from the government if you earn $80,639 with a family of 3 and nothing if you earn $80,640 or higher. So, that is a big transitional period. There are no other cutoffs if you make $250k, $500k, etc. Basically if you earn ~$85,000 as a self-employed person, it is better to cut your salary and earn ~$80,000 instead.

If you earn less than $80,639 with a family of 3, the subsidy increases. The less you earn, the higher the subsidy until the government essentially pays for it all*.


* This is impacted by whether or not your state accepts the increased Federal Medicare. It is smooth to $0 income if your state accepts the federal money, but there is a big gaping gap if your state does not.

The government is basically subsidizing/pooling people who don't get that benefit from a decent enough job. Thus you're basically complaining they don't subsidize enough in certain cases.

The alternative is expose everyone they're covering to whatever ridiculous rates, which is obviously passing over your little head.

 

[HumblePie]

It's a mystery how a self-proclaimed 100k/yr professional literally can't figure out marginal taxation..

Uhh, are you a moron repeating a mantra or something? Marginal taxation is applying brackets of different tax rates to different income levels. What the fuck is there not to understand? Make more, pay more. Make less pay less.

That's the fucking point I was making in the first place. When the gradation level jumps to much it some intervals it can cause issues as I was pointing out. Especially in light of some flat "tax" like amounts that are now required of everyone. AKA the ACA.

But the tax system is simple for most people. Take your gross income. Figured out deductions, exemptions, and or credits that are applied to get your "adjusted" income. Figure out the tax bracket and how much you owe based on your adjusted income. Figure out how much you already paid in the year. Haven't paid enough? Pay when taxes are due or before to not have a penalty. Paid too much? Get a refund after filing.

You are too stupid to understand the point I had made that literally everyone else that has responded to this thread since my posts were able to figure out.

 

[agent00f]

Uhh, are you a moron repeating a mantra or something? Marginal taxation is applying brackets of different tax rates to different income levels. What the fuck is there not to understand? Make more, pay more. Make less pay less.

That's the fucking point I was making in the first place. When the gradation level jumps to much it some intervals it can cause issues as I was pointing out. Especially in light of some flat "tax" like amounts that are now required of everyone. AKA the ACA.

But the tax system is simple for most people. Take your gross income. Figured out deductions, exemptions, and or credits that are applied to get your "adjusted" income. Figure out the tax bracket and how much you owe based on your adjusted income. Figure out how much you already paid in the year. Haven't paid enough? Pay when taxes are due or before to not have a penalty. Paid too much? Get a refund after filing.

You are too stupid to understand the point I had made that literally everyone else that has responded to this thread since my posts were able to figure out.

I'm point out you think your tax rate is 25%, and still think so:

"No, I said you have deductions and credits that eat into that. "

No, not actually paying 25% is what eats into that.

 

[highland145]

The government is basically subsidizing/pooling people who don't get that benefit from a decent enough job. Thus you're basically complaining they don't subsidize enough in certain cases.

The alternative is expose everyone they're covering to whatever ridiculous rates, which is obviously passing over your little head.

BS to the bolded.

Who's subsidizing your health care?

And it's OK to fuck me and other small business owners over? I know you think so.

I'm still waiting for a lefty that is in my particular boat to reply about their rates.

 

[agent00f]

BS to the bolded.

Who's subsidizing your health care?

And it's OK to fuck me and other small business owners over? I know you think so.

I'm still waiting for a lefty that is in my particular boat to reply about their rates.

Let's say someone is screwing you & friends to the tune of 1million dollars. The gubmint steps in to protect some of them, but evidently not enough in your case thus prompting the rant here. I can sympathize to some degree with you as a victim, but not so much your lack of perspective on the situation.

Seems obvious the solution is to do something about that screwing in the first place, but folks lashing out without the benefit of some perspective often inhibit doing the right thing.