6500 deductible each. 3 family members. 1700 monthly. Suck it Obama Care!
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- Thread starter SoapyCy
- Start date
You need to move to Des Moines soon. There are a lot of big companies there.
The "Employee + Family" plans at my employer (non-profit hospital, probably 2,000-ish employees?) are $565 premium, 1k/2k (indiv/family) deductible, 3k/6k (indiv/family) OOP max in-network or $376 premium, 2k/4k deductibles, 4k/8k OOP max in-network.
As a healthy single person, I opted for our higher deductible, lower premium plan ($54 premium vs $115; 2k deductible vs 1k; 4k OOP vs 3k). I took a lot of what I saved and placed it on my FSA account and can rollover $500 to next year if I don't use it all. I knew I'd have to buy new glasses, prescription sunglasses, have wisdom teeth removed, and have TMJ treatments this year so I'll use most of it. Used a little on Urgent Care visits when I got the flu and ended up needing to get IV fluids. Accidents happen, but if I stay healthy and nothing crazy happens, I come out pretty well ahead this year compared to last, on paper.
As a healthy single person, I opted for our higher deductible, lower premium plan ($54 premium vs $115; 2k deductible vs 1k; 4k OOP vs 3k). I took a lot of what I saved and placed it on my FSA account and can rollover $500 to next year if I don't use it all. I knew I'd have to buy new glasses, prescription sunglasses, have wisdom teeth removed, and have TMJ treatments this year so I'll use most of it. Used a little on Urgent Care visits when I got the flu and ended up needing to get IV fluids. Accidents happen, but if I stay healthy and nothing crazy happens, I come out pretty well ahead this year compared to last, on paper.
I think mine comes out to about $60 a month for me and the kid then my wife has her own probably $40 a month. That is the high deductible HSA plan but it’s exactly the same as the PPO plan except for the deductibles which we haven’t come close to meeting either type of plans deductible so don’t care. It’s been a good few years in the HSA with the markets too.
$1120 per month for $6,500/$13,000 deductibles on an HSA plan for wife and I. We are in are mid to late 50's. Obamacare would have been $2,000/mo. The problem I have is I am now self employed, so between health care and FICA it takes a huge chunk of your income.
Used to be in the big corporate world where as a 25 year old you paid the same rate as the 60 year old. I subsidized them. Not now. I pay 4X the amount. Got screwed on each end.
Used to be in the big corporate world where as a 25 year old you paid the same rate as the 60 year old. I subsidized them. Not now. I pay 4X the amount. Got screwed on each end.
My last occupation, I paid $15,000 out pf pocket after not ever really using my plan other than routine stuff for years. In most cases, when you are young or very healthy would be the time to get the HSA thing going. Once the cash is in the bank you should be set.
I look at it differently now than I did a few years ago. Premiums are not my focus at all. Having our insurance in a group plan through a big company is everything. Now that we have had a major medical situation (nearing $1 mil), I can't imagine what would have happened to the premiums of our old single family plan that we had on our own.
Not sure whether you are talking about Exchange Prices or what when you say “Obamacare”. Technically all insurance policies must have guaranteed benefits.
$177 / month - this includes medical, dental, and vision for a family of 4.
In general, I very much agree with you that bigger companies have better plans. I will say, in my case, I was surprised to find that my current company (pretty small, 150 employees) had better benefits than my old job (huge company, 5000 employees).
My old company had a $300 premium with only HSA options. Deductible was $3600 and they gave you $1200 a year into HSA. Out of pocket max was $8000. My new company is the same premium, but no HSA, with $800 deductible and $1600 out of pocket max.
I know by and large, big companies have better plans just because they have a bigger pool and more negotiating power. However, I’d recommend anyone get the info from a company first before automatically assuming a small company will have worse benefits.
Family plan paying roughly $300/month in premiums with $3k deductible and $7k out of pocket max. Put another $300/month into an HSA.
I'm a partner in a small biz (~20 employees) and we offer BCBS "traditional" plans - not the high-deductible ones. Bottom line is they are expensive as sin. Our people are fortunate, in that we pay 100% of the premiums for everyone - at least for now.
My understanding is they cannot charge differently for anything except gender and age (maybe tobacco use?). So if we had 20 decathaletes or 20 heart-attack survivors it wouldn't impact the cost. I wouldn't swear to this, but that is what I was told.
Our costs have gone up ~15-20% in EACH of the past 2 years.
For an adult, figure between $400 and $2000 depending on age. Kids are cheaper, more like $150-300 range. That's what the plan costs PER MONTH. So for a family of two 45yo, and 2 kids, that's about $2500-ish a month. Employers used to pay ~80% of that, but with costs going up way faster than inflation, many are notching it to 70% or less. I'd guess the OP wife is paying 30-35% of the total premium.
I don't know this helps the OP, but just some info for all interested.
My understanding is they cannot charge differently for anything except gender and age (maybe tobacco use?). So if we had 20 decathaletes or 20 heart-attack survivors it wouldn't impact the cost. I wouldn't swear to this, but that is what I was told.
Our costs have gone up ~15-20% in EACH of the past 2 years.
For an adult, figure between $400 and $2000 depending on age. Kids are cheaper, more like $150-300 range. That's what the plan costs PER MONTH. So for a family of two 45yo, and 2 kids, that's about $2500-ish a month. Employers used to pay ~80% of that, but with costs going up way faster than inflation, many are notching it to 70% or less. I'd guess the OP wife is paying 30-35% of the total premium.
I don't know this helps the OP, but just some info for all interested.
I would rather have the free $1200 and an HSA to contribute to.
Fairly large, self-insured company. Single person, $500 deductible, $2,500 out-of-pocket maximum, medical + drug + dental + vision = ~$94 a month. Family rate doubles those amounts and costs ~$460/mo.
The companies are paying full boat. Most Family plans seem to range $10,000 - $15,000 a year even for higher deductibles. My wife basically works for the health insurance. It was about half her "pay" when starting. So someone is paying that amount and just depends how much the employer can afford.
As already mentioned, you might consider selling your soul to large company for trade-off of saving thousands in health insurance premiums.