Tuesday, June 27, 2017

More ACA Anecdata

Another wonderful renewal case study. As we've reported over the years, we have a number of grandmothered plans ("If you like your plan, you can keep it.")("But make no changes"). Ralph and Laura (and their son) have a Medical Mutual "Wellness HSA" plan: $3,000 per person/$6,000 per family deductible, the 100% (and includes "free" annual physicals).

Their current rate is $844, and is slated to increase some 14% (to $960 per month) in September.



Went to the 404Care.gov site, and found that things could be worse.

The Cheapest plan, from CareSource, runs just over $800 a month, and sports a $13,300 family deductible (and an additional additional $1,000 out-of-pocket maximum). So they'd save $2,000 a year, but take on over $83,000 in additional risk.

The Closest I could find was Premier Health Gold, with a $3,500 individual deductible, but $12,000 family maximum, for a bargain basement $1,600 monthly premium.

Now granted, these are not apples-to-apples comparisons, but as close as we can really get. Sad.
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