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Sat Nov 25, 2017, 05:27 PM

 

ACA Premiums

Apologies if I missed this, but are other folks seeing a significant increase in ACA premiums? Our son's premiums (in Virginia) are increasing from $107 a month last year to $310 a month this year, with a $7000 deductible.

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Response to ClarendonDem (Original post)

Sat Nov 25, 2017, 05:33 PM

1. Not just ACA premiums.

My husband's plan at work went up too.

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Response to ClarendonDem (Original post)

Sat Nov 25, 2017, 05:37 PM

2. My premium is going up about 40% next year

Not happy about that, but I have pre-exisiting conditions and I have to have insurance.

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Response to ClarendonDem (Original post)

Sat Nov 25, 2017, 05:40 PM

3. Some have commented on that. One of the reasons for this is because of what the republicans and

trump have been, doing by creating uncertainty in the market.

If they successfully get rid of the individual mandate, the potential for insurance rates isn't just to go up, but to become unaffordable for millions, and that is exactly what the republicans want.

That is why 2018 is critical, to stop this



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Response to ClarendonDem (Original post)

Sat Nov 25, 2017, 05:46 PM

4. I can't compare apples to apples with the ACA

Our current PPO insurer dropped out after the Repubs messed around for so long and my only choices this year are a variety of HMOs. We'll be paying a lot less per month, but paying more out of pocket and I have to drop my doctor--luckily, Hubby's doc is in our new plan and he really likes her (I wasn't crazy about mine, so it works out).

Back when we had employer-based insurance, the costs went up each year and the benefits went down. Things stabilized under the ACA, but the current administration is doing everything it can to destabilize the whole industry.

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Response to ClarendonDem (Original post)

Sat Nov 25, 2017, 05:59 PM

5. If your son's plan is unsubsidized, that is due to the Trump chaos.

Many plans raised their premiums in anticipation of losing the subsidies that help them with the mandatory cost-sharing for subsidized plans.

Nearly that entire cost will be borne by people in the marketplace without subsidies. (The insurers raise rates on everyone to cover the money Trump has been threatening to withold. The subsidies increase, by law, to cover most or all of the increase for everyone with a subsidied plan. But people whose income is too high for a subsidy get stuck paying the full increase.)

The other possibility is that (1) you're looking at the bare rate without taking the subsidy increase into account or (2) your son's income increased to take him out of the subsidy range.

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Response to ClarendonDem (Original post)

Sat Nov 25, 2017, 06:02 PM

6. Did his income rise?

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Response to Cicada (Reply #6)

Sat Nov 25, 2017, 06:07 PM

7. No, he's a student

 

But too old to be on my employer plan, so not sure why the massive increase. I expected a bit, but not triple.

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Response to ClarendonDem (Reply #7)

Sat Nov 25, 2017, 06:53 PM

12. ]has he checked if the school has a plan

If they have a group plan, it might be better.

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Response to ClarendonDem (Original post)

Sat Nov 25, 2017, 06:23 PM

8. Yep

My premium went up 90%. The next cheapest plan still represents a 30% increase. Havenít yet figured out what Iím going to do. Btw, the cheaper plan, for two people, comes to $20,000. High deductible.

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Response to matt819 (Reply #8)

Sat Nov 25, 2017, 06:28 PM

9. $20,000 a year for insurance is reprehensible

 

Some of my conservative acquaintances complained that they couldn't keep the same doctor after ACA was enacted (though I doubt the truth of that), but I can't believe that Americans would have to pay $20k for insurance for one year.

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Response to ClarendonDem (Reply #9)

Sat Nov 25, 2017, 06:39 PM

11. Depending on the age of the person

That could well be true. When I was working, the health insurance for my husband and myself (through my job) cost the company $24,000 a year by the time I reached age 60. I did the accounting so I know that's true. That was with co-pays and deductibles (although I can't remember how much). Insurance will always go up as one ages, and each 10-year mark seems to give it an extra bounce. The Republicans have just made everything much worse and if you think $20K per year is bad, wait a while and see what happens.

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Response to radical noodle (Reply #11)

Sat Nov 25, 2017, 08:11 PM

17. Here, the cheapest policy for a 64 year old smoker is around 27K non smoker 22.5K

This is for the cheapest HMO plan 7,200 deductible and 7,350 max out of pocket.

The silver HMO plan is 28.5k /34.2k (nonsmoker/smoker) with 4,600 deductible and 7,350 out of pocket.

A similar silver plan for age 64 and non-HMO in 2014 was under $10K for a smoker!

Anthem pulled out of this market, leaving only Optima.

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Response to ClarendonDem (Original post)

Sat Nov 25, 2017, 06:38 PM

10. I have written this on DU several times

and told people at Thanksgiving too. My ACA is increasing 30% and that is with tax credits. 40% of my income is going to health costs (premiums, co-pays, medication, etc.). All insurance is increasing since the fucking moron signed his exec order. Employers will pass it onto their employees so forget those promised raises too.

You can still RESIST and call the Senate(202)224-3121 This coming "Week of Action". Call the red states by using addresses from Zillow. The following Senators are the ones to call; Johnson, Young, Moran, Corker, McCain, Collins, Murkowski, Heller, and Flake. Delay the Tax Scam and the healthcare cuts tied to it!

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Response to ClarendonDem (Original post)

Sat Nov 25, 2017, 07:23 PM

13. Work-based premiums increase $8 to $544.


Phew.

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Response to ClarendonDem (Original post)

Sat Nov 25, 2017, 07:36 PM

14. Yes. Up $500/mo, $15K deductible for junk catastrophic policy.

Family of four, mostly adults. We can get the premium down to zero because I have insurance through work, however everyone else in the family still has to forgo healthcare.

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Response to ClarendonDem (Original post)

Sat Nov 25, 2017, 07:39 PM

15. The republicans have been sabotaging the system

so that the premiums would go up.

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Response to ClarendonDem (Original post)

Sat Nov 25, 2017, 07:42 PM

16. Charlottesville and Albemarle County in Virginia had an almost 3 fold increase

Local news claimed it was the largest % increase in the nation. In nearby Augusta county rates nearly doubled.

In Albemarle there is only one insurance company (Optima?) and it has the same owners as the local Sentara hospital. The other hospital (UVA) was arguing about pricing with Optima last year. Anthem pulled out of the market due to the uncertainty of subsidies among other things.

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Response to ClarendonDem (Original post)

Sat Nov 25, 2017, 08:50 PM

18. Health insurance companies have Americans by the

proverbial gonads.

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