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Started By
Message
re: Holy shite, just went to enroll in health benefits - UPDATED
Posted on 11/1/16 at 12:10 pm to 632627
Posted on 11/1/16 at 12:10 pm to 632627
quote:
The fact that something is pre-existing removes uncertainty
It removes some uncertainty, not even close to all of it.
quote:
ithout uncertainty it's no longer insurance, its prepaid health care.
If you can tell me with certainty the future claim costs of people with pre existing conditions, I'll recommend you get hired. We pay very generously
This post was edited on 11/1/16 at 1:09 pm
1
Posted on 11/1/16 at 3:07 pm to GenesChin
Time for a new system. Throw the whole damn thing in the trash and let's start over. We need price transparency before a procedure occurs. Until then, this system will continue on its archaic ways that can only exist because of inelastic demand (people always get sick and die).
Posted on 11/1/16 at 9:06 pm to LSUFanHouston
quote:
You haven't clarified exactly "WHAT" rates are going up that level. Is it the total premium, or the employee share.
We don't know other than our premium is going up from $180 to $440. She went to HR yesterday to find out more and they said they'd get back to her. Relax.
quote:
To say it's a surprise at this level is BS.
It certainly was to us and she said the people working in HR as well. Should everyone have known their premiums were going up by 250-300% at the company? Yes, I understand some higher ups did, but not sure why you think it's weird I'm saying it was a surprise to many people?
quote:
I'll still sticking to my prediction that the massive cost-share increase is due to the fact that the company isn't contributing additional money this year (or maybe even cut back from what they gave last year).
I think this is correct.
quote:
The only "surprise" here is that the company wasn't upfront about how this was going to work, and now they are getting blowback.
Probably. I called the insurance commissioner and talked to someone in the office finally yesterday. He said he couldn't speak to our exact situation and that 250% is excessive but if it allows the insurer to keep in business, then it's not excessive. Basically he said HMSA lost their shirts in the last couple years because of ACA and this premium rise determined by her company is where it needs to be to survive paying for everyone else. But like you said, it's probably them not paying anymore towards the increase.
Anyway, I think I'm just relegated to going with Kaiser through her employer and their premium is only $150/month for us. Yes, it's less flexible and we didn't love the doctors there but we don't need to go that often anyway and saving $300/month sounds like a smart way to go until hopefully someone can fix this mess.
This post was edited on 11/1/16 at 9:17 pm
Posted on 11/1/16 at 9:08 pm to LSUFanHouston
quote:
The government requires you to purchase something under threat of penalty, and doesn't cap prices. It's the worst aspects of socialism and capitalism, rolled into one.
Par for the course for our government in the last 15 years. Privatize the gains, socialize the losses.
It's sickening.
Posted on 11/1/16 at 9:19 pm to LSU316
quote:
I started to type a post saying all of this....no way HR didn't know what the rates were before OE. It just doesn't happen that way. Now are they doing it to save face because they decided not to take on any burden from price increases....probably.
Ok, I get what he's saying but what does that mean or do for the employees? We didn't have a clue this was coming. Everyone knew premiums were going up, but 250%? That's the point of my OP. Not if the company was forthcoming. I will say after hearing you guys say this though, I am pissed at her company but I guess what does it matter when they told us, it was coming either way. I would like to know exactly what they are contributing and what the plan does cost and what were those #s last year. Is there any way of finding that out you think?
This post was edited on 11/1/16 at 9:21 pm
Posted on 11/1/16 at 9:22 pm to Golfer
quote:
While true, the point still remains that these increases are insane.
Thank you, that was the point. I wasn't happy about 35% the last couple years but I just rolled with it since you have little choice and you get fined otherwise. Plus I like to be covered in case. But to go up as much as this is insane.
Posted on 11/1/16 at 11:31 pm to Sho Nuff
How did the ACA increase the price by 250% for a major company? Splain that. First, the ACA didn't cause it for a private company, and the company may not be a "major."
HR knew. They get a projection every month based on trailing 13 month claims.
No one has to purchase insurance that equals 9% of pay.
HR knew. They get a projection every month based on trailing 13 month claims.
No one has to purchase insurance that equals 9% of pay.
Posted on 11/2/16 at 2:09 am to Fat Bastard
quote:
check this out
liberty health share
i am looking hard at this now
exempt from obamacare penalty also
Thanks, I'll check into that
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