OT- health insurance premium

Ray · Dec 19, 2011

We just got a notice from our health insurance provider that our premium was going up to $16000
per year for 5000 deductable insurance.I'm 61 my wife 58.Never had any serious health issues.Most of my friends have dropped there's guess we might have to do the same thing.What are you guys doing?

Mike in Mn. · Dec 19, 2011

Don't have any, can't and won't pay that much, what ever nasty condition I may come down with some day, that's what I'll die from, we all got to go sometime!!

rrlund · Dec 19, 2011

If you have no pre existing conditions,change companies,simple as that. Another company will write you a new policy for a HECK of a lot less. I switch every two to three years,always have. The wife and I pay $547 a month right now and we're in the second year. That policy includes $250 a week disability for one year. To be honest,compaired to last year,I'm not even happy with that premium. First of the year,I'm going insurance shopping.

What happens is,with an individual policy,you're put in a pool with other individual policies. At first,they're taking in premium money,but paying out very little. As time goes on,they have to start paying out of that pool. Then they have to raise premiums. People drop their policies,then eventually the pool is costing more than it's taking in and the premium keeps going up as they try to force the rest out.

55 50 Ron · Dec 19, 2011

Would you mind telling us what company? That sounds SSSOOO unreal.

pete 23 · Dec 19, 2011

If not for medical insurance I tell everyone I could live like a king. I'm 75, on medicare and VA benefits. Still cost wife and I over $600 a month for the medicare coverage, medi gap and drug plan, plus when we hit the donut hole on her drugs we pay all drugs which we have been doing last three months. Just don't dare go without as wife has been in hosp three times this year and it does cover it. This is why I still work on tractors part time.

Ray · Dec 19, 2011

Golden rule.

Ray · Dec 19, 2011

I've had a couple skin cancers taken off my face and the companies i've talked to won't take us.

Dachshund · Dec 19, 2011

I have the VA, but we cannot afford anything for my wife. We just trust in God to keep her healthy.

Anonymous-0 · Dec 19, 2011

I'am 65 and pay a total of $310.00 a month. $125.00 a month to Anthem Blue cross Blue Shield (F plan no deductible). $99.40 a month to Medicare part A & B. $85.50 a month to CVS Caremark Plus ( Silver/Scrip) part D with no deductible.

504 · Dec 19, 2011

I do not know a lot about the VA, but my wife's BIL is retired Navy,his is no cost and his wife is around a hundred a month. Call and check.

Billy Shafer · Dec 19, 2011

I feel the same way. Plus I can't find a doctor that will take me. Being a new medicare person. My sister in law is going broke trying to pay for the meds she needs. She has been on medicare for years.

Dachshund · Dec 19, 2011

Even the $100 a month would be hard pressed to find.....

Allen Goodman · Dec 19, 2011

WOAH Guys. Those of you talking about Military Retired/Va (OK, VA as long as you're a vet and your income is at the poverty level, then it's free). I'm a retired CW3 USA. I don't qualify for VA because I make too much money. In order for me to see a doc on the Air Force Academy I pay automaticaly comes out of my retired pay, $379.00 a month. Was told all the time while I was in that retirees get free medical for life. Clinton changed that. Now, if I go to a civilian facility there is a 80-20% rule. TRICARE pays 80% of what "they" allow (ie. they allow $55.00 for a doctors visit when the doc charges $75.00. I pay 20% of the $55.00 plus the additional $20.00. That has been the case that I've paid nearly 50% of the bill out of pocket. So don't think it's free for us Military. Active duty personnel have to buy dental insurance for their family members.

Geo-TH,In · Dec 19, 2011

Believe it or not, your insurance premiums are determined by where you live. My mother moved from west palm, fl to leesburg, fl and her medicare supplemental insurnace dropped $150/mo. She was 86 at the time.

Also insurance premimuns are regulated by each state.

However, blame is given to the insurance companies for raising rates.

JDseller · Dec 19, 2011

My wife and I have a $5000 deductible too. It is Blue cross and blue shield insurance. New cost will be $1685.00 each month starting in January. So that will be $20,220 each year. She is a bad diabetic so we can"t switch. I have priced it before from other companies and it was not any cheaper.

The premiums have really gone up since the Health Care law was passed. About $600 a month.

kyhayman · Dec 19, 2011

Mine runs around 600 a month, I pay half of that. When I left the state I had enough time in that I could buy into the retirement system and get health insurance. Ended up borrowing 48 grand to buy it but its been a good investment.

Paul from MI · Dec 19, 2011

We have no major health problems, all meds but one are generic. We pay $198 for medicare A&B, $255 for Medigap, & $147 for Part D. Not expecting the rates to drop anytime soon!

504 · Dec 19, 2011

I fully understand, I pay $110.00 per week(family) and that is my 1/3, Boss pays the other 2/3.

oldtanker · Dec 19, 2011

(quoted from post at 20:09:41 12/19/11) Believe it or not, your insurance premiums are determined by where you live. My mother moved from west palm, fl to leesburg, fl and her medicare supplemental insurnace dropped $150/mo. She was 86 at the time.

Also insurance premimuns are regulated by each state.

However, blame is given to the insurance companies for raising rates.

Blame the insurance companies???? They are making on the average of about 6% profit on medical insurance. 6% is really low on whats considered a reasonable profit by most businesses. No lay the blame where it lays, both with HMO's....don't think they are making a profit???? Look at all the new buildings and remodeling they are doing for tax write offs and the other party to blame is our politicians, not just for forcing and insurance company to insure high risk people (they will not insure a high risk driver but are forced to issue policies on health) but for failing to to regulate the health care industry and pharmaceutical companies. Our politicians are the ones trying to place the blame on the insurance companies. Think the prices are bad now.....wait a year or 2.

Rick

Mike (WA) · Dec 19, 2011

Seems like you're getting seriously hosed. I have an HSA (Health Savings Account). Just me, wife has insurance through her job, but I'm self employed. No health problems. $2,750 deductible, my premium is $350 per month. I'm 63 years old. I can put up to $3,800 per year into the savings account, tax free, to pay for the deductible and any other medical type stuff.

Look into HSA.

Fordfarmer · Dec 19, 2011

My wife's plan just went from $800-something to over $1000 (quarterly, $2500 deductible). And she's 35 and healthy! There went everything I 'saved' with my lower property taxes.

old timer in ohioi · Dec 20, 2011

Afraid to say too much about my ins..Last year premium was $63.00 with first $295.00 deductible.
This year its $63.00 with NO deductible. I'm 78 wife is 72. Here in E.Central Ohio God has Blessed us
with this Ins. Co PRIMETIME. I'm extreamly happy I had it when I had my first major stroke, we would've
lost everything!
Bob
God Bless

Anonymous-0 · Dec 20, 2011

shoot me an email-I am a school teacher with almost 20 years in. The only thing keeping me their is insurance, I would like more info

PetemiddleTN · Dec 20, 2011

Health care in this country is totally out of control, it will finish bankrupting many people and the country. I've worked in it for 20+ years. But i've got a MF 35 thats running smooth and hauling firewood today, HE HE HE!!!

El Toro · Dec 20, 2011

Since I'm a retired civil service servant I kept the health insurance that Ike and Nixon started in 1960. I've been with Kaiser the last 23 years. I pay about $365.00 monthly and the government pays close to $900.00 monthly. Office calls are $10.00 and a referral to a specialist is $20.00 and prescriptons are $10.00 for a 90 day supply. I could use the VA, but Kaiser is more convenient. Hal

Anonymous-0 · Dec 20, 2011

(quoted from post at 05:00:29 12/20/11) That much is completely ridiculous. A one term congressman doesn't and won't pay that much. You can thank them and tort lawyers for the high premiums and the fact that doctors get sued if they don't run every unecessary test. I had my shoulder repaired. I was in and out in less than four hours. $14,000. This has got to stop one way or another. Wait until external_link care gets rolling.

Don't want to start a fight which it prolly will but......... If everyone had insurance and every employer had to provide their employees with it (half or whatever the split is). Everyone would go to the doctor yadda yadda which SHOULD bring costs down because of volume and bills being paid. My insurance plan costs ### which is a drop in the bucket to what some of you folks are paying and my employer pays half (+/- a little)... I have a $400 deductable each year. When I signed up for the coverage, there was a list of a bunch of providers that were within a few bucks of each other on premiums but different by varying degrees on deductable and a couple other little things (but nothing drastic)..... My list was the same providers that is eating some of you folks out of house and home... Where's the problem???? Figure it out.....

As a comparison.... I had a root canal a couple years ago and the total bill after all was finished was about $200... Burst appendix complete with doctor visit, transport to hospital, surgery, and 8 days in the hospital total bill was right at $4k.... Go figger....

showcrop · Dec 20, 2011

I am 62 years old and my plan costs about the same but my employer pays 2/3. I am fortunate to have a job that I like a lot and I plan to keep working until probably 70. My observation about this is that it appears that a lot of people who are covered by big company or union plans and especially union municipal workers have no idea what insurance premiums cost. Yesterday a woman whose husband works at UPS stated dismay that some people pay $500 a month. She, like many, is out of touch.

Anonymous-0 · Dec 20, 2011

$7,800 annual plus $200 a month medicare for two of us paid for with after tax money so it is more like $15,300 of income before taxes.

Icuby · Dec 20, 2011

I and the wife are on ss.our sup.ins together is $240 per month under Plan F.
Wife is on meds and part D.and DONUT HOLE. One med. is $10 per pill if part D pays any. Has to take one daily. This is expensive.

oldtanker · Dec 20, 2011

(quoted from post at 09:13:46 12/20/11) I pay $3000 yr MY part,no clue what employer pays,at work for my wife and me.plus medicare on her since she is disabled. I cant afford to drop it with all her health problems. But between the two all her bills are paid so i figure i'm way ahead. She's been in hospital every six weeks for the last three years, with a average cost of over $60,000 each trip. We would have been on the streets long ago without it so i am not complaining at all! LOL I really cant afford to drop mine but its gone up every year.I dont know how i could pay as much as you but even at that i would be ahead so i guess i would find a way. I would retire but i simply cant afford to,even if i work for insurance alone! The way i understand it is that since the big "0" put his health care plan in place independant insurance companies are going to have to buy a permit from the gov for several million dollars to be able to sell private health care insurance in the US ( so called premium insurance).they are passing this cost down and thats why its all going up so fast.

Biggest reason rates are climbing is now they HAVE to insure very high risk people. The cannot deniegh based on pre existing conditions. So that means if they sell health coverage they have to insure everyone who wants to buy. You would see big rate increases in home and auto if they passed a law saying no one can be denied, drunks, people who's home are in high risk areas and so on. It's cause they know they are going to have to pay out more with people like my BIL, 41 yo with heart problems who sees the doctor once a week. That cost the insurance company more.

The only option left to the insurance companies is to stop selling medical coverage.

These companies have to make a profit! If they don't they will not be around long. Check out the gross profits from the HMO's, pharmaceutical companies and tort law. That's where most of the money is going, not in the insurance companies pockets.

If we tried to have the government provide healt care everyone would wind up paying taxes to the tune of about 40%.

Rick

OT- health insurance premium

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