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Yes. I got a 15 month separation package including subsidized medical starting Oct 1 2016 due to a RIF when the company I worked for for 28 years got taken over 100% by one of the former 50% owners. I qualified for full retirement by TWO WEEKS! I was only 57 then. I'm now 58, and will be 59 in two weeks. Not old enough for Medicare by many years yet.
So, January 1st 2018 I lose the heavily subsidized separation medical insurance, and go on far less subsidized retirement medical insurance. It's actually the exact same plan that I've had (and that active employees have), I just am no longer entitled to full "active employee discount" rate.
Oh, and even then, it's STILL cheaper (less than 1/2 the cost) than a market-based Obamacare plan.
That sounds like a COBRA plan. If it's cheaper than a marketplace (ACA) plan, then that's the first time I have ever heard that. I shouldn't be so surprised at that considering the current rise in premiums.
The only reasonable silver plan premium, I found, for someone who doesn't qualify for subsidies is the off marketplace one. It has an on marketplace twin and it costs $70 more.
The higher increase for silver plans has to do with the refusal to fund CSR payments. Insurers are still required to offer CSR silver plans. So, the insurers are adding the extra cost into the premiums. Now, the government will have to pay more than if they had just funded the CSRs. Since, subsidies are based on silver benchmark plans, the result is free or dirt cheap bronze plans or gold plans which cost only slightly more than silver. The ones who get hurt the most are the ones who don't qualify for subsidies.
Just got statement in mail for my premium for 2018 and found out my health insurance is going to go up 15% next year. I already have a 2,000 deductible and 6,500 co-insurance pay, currently on an individual silver plan. Not sure what to do. Has anyone else received a nice surprise like this?
Similar here, my plan increasing from $235 a month to $275, but my deductible is $6500. On the bronze plan. I am just going to take the penalty in 2018 unless it's eliminated.
That sounds like a COBRA plan. If it's cheaper than a marketplace (ACA) plan, then that's the first time I have ever heard that. I shouldn't be so surprised at that considering the current rise in premiums.
Nope, it isn't Cobra. The company covered the medical insurance for people kicked out the door due to a RIF, for varying amounts of time based on how long they were employed. They allowed us to only have to pay the same monthly rate full regular employees still pay.
It's a VERY large company, that funds their own insurance pool that's administered by a insurance company. In my case, it's Aetna who administers it.
January 1, I go on their regular "pre-65" retired employees rate. Which is much higher, but still less than the cost of an Obamacare plan.
Nope, it isn't Cobra. The company covered the medical insurance for people kicked out the door due to a RIF, for varying amounts of time based on how long they were employed. They allowed us to only have to pay the same monthly rate full regular employees still pay.
It's a VERY large company, that funds their own insurance pool that's administered by a insurance company. In my case, it's Aetna who administers it.
January 1, I go on their regular "pre-65" retired employees rate. Which is much higher, but still less than the cost of an Obamacare plan.
Still hard for me to understand how health insurance can't be solved here. Oh actually I do understand it, there is no will to lower costs because CEOs make millions.
Looking for a job with benefits but otherwise I will be uninsured in 2018. I hear the penalty isn't being enforced even if they don't eliminate it.
Just can't squeeze out almost $300 a month for a high deductible plan. I'm looking at ultra high deductible catastrophic plans but haven't had much luck yet, though I don't have any assets to protect so not much point, just file for bankruptcy if an uninsured motorist runs me over as happened to TWO friends of mine in the past 18 months.
Still hard for me to understand how health insurance can't be solved here. Oh actually I do understand it, there is no will to lower costs because CEOs make millions.
Looking for a job with benefits but otherwise I will be uninsured in 2018. I hear the penalty isn't being enforced even if they don't eliminate it.
Just can't squeeze out almost $300 a month for a high deductible plan. I'm looking at ultra high deductible catastrophic plans but haven't had much luck yet, though I don't have any assets to protect so not much point, just file for bankruptcy if an uninsured motorist runs me over as happened to TWO friends of mine in the past 18 months.
It absolutely CAN be "solved" here in the USA. The problem is that our government is in the back pocket of the insurance companies. Most of our economy is basically made up of scams upon scams, and people are slowly becoming aware of just how much that is...
in part,
"The cost sharing reductions (CSR) subsidy is the smaller of two subsidies paid under the Patient Protection and Affordable Care Act (ACA) as part of the healthcare system in the United States. The subsidies were paid from 2013 to 2017 to insurance companies on behalf of eligible enrollees in the ACA to reduce co-payments and deductibles. They were discontinued by President Donald Trump in October 2017."
Basically, lump sum grants to insurers so premiums, co-pays, etc would cost less.
CSR's make it possible for insurers to offer policies in state markets where they would otherwise have to price buyers out of the market. The inclusion of a "public option" on PPACA exchanges would have prevented the problem, but that would have been an example of free-market crushing socialism.
in part,
"The cost sharing reductions (CSR) subsidy is the smaller of two subsidies paid under the Patient Protection and Affordable Care Act (ACA) as part of the healthcare system in the United States. The subsidies were paid from 2013 to 2017 to insurance companies on behalf of eligible enrollees in the ACA to reduce co-payments and deductibles. They were discontinued by President Donald Trump in October 2017."
Basically, lump sum grants to insurers so premiums, co-pays, etc would cost less.
No word yet on getting rid of the penalty for 2018. Open enrollment closes in a few weeks too.
Amazing that a high deductible plan for a healthy 30-something is almost $300 a month. Wow! And that's with no prescription benefits, nothing. Wow!
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