Comprehensive Insurance
Monday, 26 September 2016
More 3000% Rate Decreases
Once more, with gusto:
<br /> <br /> Just got in another batch of renewals on some of my <a href="http://ift.tt/1x9HYKI" target="_blank">Grandmothered</a> and Grandfathered plans. Sally, for example, has a $3,000 deductible, HSA-compliant plan with no co-insurance. Her current rate of $384 a month is increasing by 17% to $450. She called to ask what we could do about it, and I told her - unironically - that this was the part of the program where she writes the carrier a Thank You note.<br /> <br /> Why is that?<br /> <br /> Well, I found two plans that came close:<br /> <br /> The first has a $6,550 deductible, then 100%, is also HSA-compliant, and weighs in at a respectable $525 a month. So she can spend an extra $900 a year while enjoying twice as much out-of-pocket.<br /> <br /> Her other choice is a plan with her current carrier, with a $4,000 deductible, and a $675 a month price tag.<br /> <br /> To put this in perspective:<br /> <br /> Under her current plan, she's out $8,400 for the year before the insurance pays dime ne (well, except for some preventive care).<br /> <br /> Under Option A above, she's out just shy of $13,000 before the plan kicks in (well, she <b>would</b> have "free" <strike>birth control</strike> convenience items and maternity, which may be of limited value to her 55 year old self).<br /> <br /> And under Option B, she'd be paying just over $12,000 for the privilege.<br /> <br /> Yay.
from InsureBlog http://ift.tt/2defL1p
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