Open Enrollment time - what are you spending for insurance as a % of gross?

[Homerboy]

I just want to reassure everyone that regardless of your out of pocket expenditure, and the percentage rise in your payments, the insurance companies will reap record profits this year.

 

[Zeze]

Like 12% . Im terrified to use medical though. 2 years ago I had some serious stomach cramps so they did a ct scan and my share was over 1500 then last year I had a knot on the back of my knee so they sent me to the ER and my share was close to 2000.

Both times they said I was fine.

What a joke of healthcare system we have. We are just giving away our hard earned money in huge amounts to these companies.

 

[JM Aggie08]

8% for medical/dental/vision HMO for myself and wife (and soon to be, little one )

 

[ImpulsE69]

and to top it off, insurance in almost all cases now is 'required by law'. And they say it isn't a scam. They barely even attempt to compete anymore, because you don't have a choice. This country, has turned capitalism to the worst most evil country. Greed with no boundaries. True human nature at its finest.

 

[RLGL]

about 15%, retired on medicare for two

 

[pete6032]

Monthly premiums are less than 1% for health, vision, dental. I didn't have anything toward my deductible. Paid some office co-pays but that's about it.

 

[Schfifty Five]

About to click the "finalize" button and I'm sitting at a solid 11% of my gross pay for medical / vision / dental / life / HSA.

you?

You shouldn't include your HSA contributions in that because that's still your money to be used. The other things are premiums that are just an expense for you.

 

[snoopy7548]

I think it's around 3% for health and dental. Our company has been pretty good with not raising premiums (they cover most of it), and our health plan is pretty good - I think the in-network deductible is only $250, and $20 co-pays for non-routine stuff. Max OOP is something like $2k or $6k, I forget. It might depend on whether you're on the single or family plan. The premium has gone up maybe 15-20% in the past six years; it may be less.

Dental is a complete waste of money, but I still keep it. It's around $30/month. They give you like $50 for a filling. If you add up the cost of the twice a year cleaning/x-rays, it comes close to the premium. Add in the "discount" your insurance company will get for the procedures and I guess it's not too bad.

 

[soulcougher73]

If my math is right. 3.8% of MY gross. That is medical for myself, dental for myself, and vision for myself & spouse, and HSA contribution.

My wifes employer offers medical and dental for free, but not vision that is why she is on mine.

 

[K1052]

0% thanks to the husband's coverage. He pays something relatively small, like 1%, last time I looked for an excellent range of benefits.

Think our corporate plan is a stick to bite down on and a shot of cheap whiskey for after. Maybe some leeches if they're feeling generous.

 

[frozentundra123456]

About 8% in premiums alone. But that is only because I am double dipping and drawing CSRS retirement while still working full time. When I finally retire for good, the premium will jump to over 10%. And that doesnt even tell the whole story. I also have to pay deductibles, and co-pays with a high catastrophic limit.

For those harboring violent fantasies against Obama (get a grip), it was a bad system but only because it was a half-assed compromise blocked by the republicans from the time of Clinton's initial proposals for national health care. I know that is a dirty word to a lot of people, but a national system with cost controls is the only way to ever reign in the out of control costs.

 

[fleshconsumed]

I'm on HDHP with employer picking up majority of the cost. I pay 1.25%, they pay something to the tune of another 8-9%. So true cost is about 10% even if I'm only responsible for a tiny portion of it. On top of that I also save 3% into HSA that I do not intend to use until I grow old and wrinkly.

 

[dainthomas]

0%. Evil socialized VA for me and evil socialized Tricare for my daughter because of being retired military. I guess technically I pay $30/mo for Tricare Prime and random copays for my daughter but that still works out to way less than one percent.

 

[BarkingGhostar]

It is hard to factor in what the true costs are since a) my employer is very anti-employee, b) the monthly medical premium is low but coverage is non-existent until after the deductible is 100% met, and c) moving up to a more premium plan actually has a negative ROI. That said, I would have to argue the percentage for everything is about 7% and this is for a company with +250,000 employees.

I am actually getting on my wife's medical this year. I wish there was a way to force my employer to give to me, or to my wife's employer, a portion of their advertised contribution. Instead, they will save $500+/month by my departure. This is why they make the so-called medical benefit a benefit to them, not me.

 

[ViviTheMage]

About 5% of gross. I also do $2,000 into FSA, they let us roll over $500 if we don't use it though. Kids have definitely needed it, so it was worth it. Deductible is $600.

 

[:emaN resU]

1.9% including maxing out my FSA - we can roll it over into an investment account. Our health/dental is very expensive but my employer covers most of it.

I try to invest 50% of my net pay into investments so I can retire early.

 

[highland145]

2019 ACA

Estimated monthly premium
$1,662.79
Deductible
$14,000Family Total
Out-of-pocket maximum
$15,800Family Total

Woot, only $120 increase over 2018.

 

[lxskllr]

2019 ACA

Estimated monthly premium
$1,662.79
Deductible
$14,000Family Total
Out-of-pocket maximum
$15,800Family Total

Woot, only $120 increase over 2018.

Fuck that. $34k before you even get "insurance". I'd rather die than give those shitbags a penny of my money.

 

[GoodRevrnd]

< 2%, Gold Plan, 90% premium coverage. I should probably use it.

 

[Brainonska511]

Just did mine today:

<1% of my pay goes towards insurance, but I also opted for the HDHP with only in network coverage, which only kicks in after a $2500 deductible (combined drug and medical deductible), 80% coverage after the deductible, and a 6k oop max. At the very least, I'd still get the insurance discounted rate predeductible. And my yearly expenses are incredibly low at the moment; every other plan would cost a good chunk more.

 

[Schfifty Five]

2019 ACA

Estimated monthly premium
$1,662.79
Deductible
$14,000Family Total
Out-of-pocket maximum
$15,800Family Total

Woot, only $120 increase over 2018.

That sounds like a horrible health plan.

I'm trying out one of those sharing services/ministries this year. $495 share per month for my family of 4. We are 100% "covered" for most medical things above $300.

Previously, I was paying something like $660 per month for a HSA/HDHP family plan with a $3,500 individual deductible and $7,000 family deductible, so the sharing service should be saving me a decent chunk (depends on how many visits, etc I do though).

 

[highland145]

That sounds like a horrible health plan.

Welcome to the ACA.

 

[snoopy7548]

Welcome to the ACA America.

FTFY. Nothing will change until we have subsidized/medicare/single-payer healthcare for everyone, 100% paid through taxes.

 

[highland145]

FTFY. Nothing will change unless the politicians can figure out how to make more $$ off of the system.

ftfy

 

[Ackmed]

I pay $92 for family medical coverage, $1.30 for vision, and $5.25 for dental per week. We get paid per week and is deducted every week. $20 co pay. 4 night and 5 day hospital stay for our latest child, was only $20 out the door. Our $1500 yearly deductible was met, he was born in Dec. We have very good insurance compared to others in the area. Our short term and long term is free to us a well. Life insurance is also free, with the option to upgrade for a price, which I did at a price of $2.24 for week for an extra 100k.

For last weeks check of a total of $98.55 for insurance, that is about 2.5% of my gross check.