Comprehensive Insurance
Thursday, 1 September 2016
More 3000% rate decreases
This never gets old:
<br /> <br /> So two more individual medical renewals hit my desk this morning. Both are with the same carrier, both are HSA-compliant with $3000 per person deductibles then 100%, both are grandmothered (meaning they're only partially ObamaCare-compliant, but still "kosher") [<i>ed: for now</i>]:<br /> <br /> Sally and her family of four currently pay about $930 a month; their rates are going up 15%, to $1,065 per month. This means that the family will spend just shy of $13,000 before the plan pays bupkes.<br /> <br /> Still, that's a bargain: a comparable fully compliant plan will set them back about $1200 a month, and that's with a <b>$6500</b> per person deductible. So they'd have the privilege of more than doubling their medical expense out-of-pocket while paying only 20% more in premiums.<br /> <br /> Such a deal!<br /> <br /> Terry's increase is 17%, from $295 a month to about $350. That's also still a bargain: a comparable new plan goes for $480 a month and also comes with a $6500 deductible. This means that Terry would be out almost $11,000 before the plan paid a dime.<br /> <br /> Well, except for pap smears, mammograms and <strike>birth control</strike> convenience items. Oh, did I mention that Terry's a 53 year old guy?<br /> <br /> And they're the lucky ones.
from InsureBlog http://ift.tt/2bXJqgW
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