Man, I got that letter when it went up 20% last year. This year it's up "only" 11%. The past four years' worth of increased pretty much nixed a year's worth of raise. Switching to HSA plan.
Mine went up 40% this year, got a nice letter from corp saying it was because of the affordable care act. Thanks obummer!
Thought the HSA was left alone ($6250/year). The FSA was not. I'm praying the HSA was left alone. $428/mo 10K deductible plan.
consider yourself lucky, I'm paying about 50% more a year now for no real reason ;|
Of course their is a reason. Insurance profit greed
The letters that came along with the increases stated it was because of changes brought upon by the ACA. I fucking hate our health care industry and rules and regulations and everything. It's fucking retarded, oh how I wish we had a freer system top to bottom. It'd be cheaper and we wouldn't have to put up with all this bullshit.
So long as health insurance is tied to employment, companies can raise rates as much as they want for whatever reason they care to invent and employees have no choice but to eat it.
Well of course they are going to say that. They cant just come out and say "Hey we want more money so we are raising your rates" Easier to have a scape goat like ACA to pin it on
But i agree our system has to be the worst in the whole entire world. I bet Somalia even has a better one
For Plan Year 2013 Per Pay Period Per Year
Before Tax Costs $46.63 $2,424.96
After Tax Costs $17.78 $213.36
Total Cost $64.41 $2,638.32
Total Employer Cost $173.49 $9,021.13
Thought the HSA was left alone ($6250/year). The FSA was not. I'm praying the HSA was left alone. $428/mo 10K deductible plan.
Yay for health savings accounts.
I use a high deductible plan and an HSA. Rates went up 10% this year. As long as we insist on maintaining the employer-based private health insurance scheme we're going to continue to get hosed.Yay for health savings accounts.