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Message
Open Enrollment Season Long Thread
Posted on 10/8/14 at 10:13 am
Posted on 10/8/14 at 10:13 am
Post your increases here.
Not much has changed with our company's available options from last year.
Medical premiums rose between 11%-14% depending on the plan. New Dental vendor but Dental and Vision premiums remained the same. We're still given two medical options:
1) Consumer Driven (High Deductible) w/ HSA - $1500/$3000 individual/family deductible (Company contributes $500 for individuals and $1000 for families to HSA)
2) CoPay Plan - $30 (Spousal Surcharge of $100/month added to premium)
We're also given discounts for non-tobacco use.
I'm young and have been on the Consumer Driven plan for two years. It has worked out great for us even through a pregnancy and the kid's first year. Monthly premiums increased from $72 to $80 ~ 11%.
Not much has changed with our company's available options from last year.
Medical premiums rose between 11%-14% depending on the plan. New Dental vendor but Dental and Vision premiums remained the same. We're still given two medical options:
1) Consumer Driven (High Deductible) w/ HSA - $1500/$3000 individual/family deductible (Company contributes $500 for individuals and $1000 for families to HSA)
2) CoPay Plan - $30 (Spousal Surcharge of $100/month added to premium)
We're also given discounts for non-tobacco use.
I'm young and have been on the Consumer Driven plan for two years. It has worked out great for us even through a pregnancy and the kid's first year. Monthly premiums increased from $72 to $80 ~ 11%.
4
Posted on 10/8/14 at 10:17 am to ell_13
Everyone in my family who has group coverage, (4 of us) have had a 30 to 40% increase in the last year to 14 months.
Would love to have gotten off with just an 11-14% bump.
Posted on 10/8/14 at 10:19 am to Jagd Tiger
I've been through 3 enrollments with this company and they previous ones were in the 7-9% range. How sad is it that I should be "happy" with %14?
Posted on 10/8/14 at 10:21 am to ell_13
This is probably 65% to 75% of the reason I stay in the military. I'm in the guard now. $220 a moth for a family of four.
Posted on 10/8/14 at 10:25 am to GeauxxxTigers23
If I had gone Co-Pay, it would be $370/month.
But the great thing so far about the HSA plan is that all of the preventative/maintenance care is covered 100% with no copay or deductible. This included all of ell jr.'s shots this last year.
But the great thing so far about the HSA plan is that all of the preventative/maintenance care is covered 100% with no copay or deductible. This included all of ell jr.'s shots this last year.
Posted on 10/8/14 at 10:26 am to ell_13
370 is really low.
Posted on 10/8/14 at 10:29 am to GeauxxxTigers23
I agree. So what I do is put the difference into my HSA. That's about $300/month for the past 3 years with relatively very little coming out. There's so much in there, that I'm going to start using it as a back door IRA to take advantage of the tax laws. Wife and I already have Roth IRAs that we max out.
Posted on 10/8/14 at 10:42 am to ell_13
quote:Umm... This isn't the premium. It may be your share, but it's not the whole premium. If so... Please post your broker! I want to speak with him/her
Monthly premiums increased from $72 to $80 ~ 11%.
Posted on 10/8/14 at 10:47 am to ell_13
I think we are all extremely lucky that the employer mandate got pushed back. I can only imagine what will happen when it finally goes into effect.
Posted on 10/8/14 at 10:47 am to Taxing Authority
Yes it is. I have the high deductible plan with HSA. Through work. No broker. Plan is through Aetna.
Posted on 10/8/14 at 11:11 am to ell_13
quote:Are you sure your employer isn't paying part of that premium?
Yes it is.
quote:what I meant was, I want to talk to the broker your employer bought the plan from
Through work. No broker. Plan is through Aetna.
If the total premium is $960/yr for a $1500 deductible plan, s/he can expect to be getting A LOT of business! Posted on 10/8/14 at 11:28 am to ell_13
quote:
No broker.
Aetna, like most insurance plans not in AL, market there group health products through brokers for the most part.
Posted on 10/8/14 at 11:30 am to roadGator
I misunderstood what he was trying to say. I thought he understood it as I found this plan myself or through a broker I used. And the Premium I listed is my premium. I'm looking for the portion my company pays now, since he asked.
Posted on 10/8/14 at 11:55 am to ell_13
HSA's are awesome. I just found out the other day you can invest HSA funds like you would a ROTH. 
Considering I NEVER go to the doctor (single, no kids also), it's essentially just another retirement account.
Considering I NEVER go to the doctor (single, no kids also), it's essentially just another retirement account.
Posted on 10/8/14 at 11:56 am to dcrews
Exactly. Tax free growth and once you hit a certain age, tax free reimbursement.
Posted on 10/16/14 at 10:09 am to ell_13
Bump for new plan releases
Posted on 10/16/14 at 10:13 am to Taxing Authority
quote:You were correct. Company pays 80% on HD and 70% on PPO
This isn't the premium. It may be your share
Posted on 10/16/14 at 10:20 am to ell_13
High deductible plan, 3600 deductible for 2 adults.
My employer shares their cost with us so I know the breakdown. Overall cost went up about 17%, employer passed on all of it plus paid a few percent less than last year. So my cost is 19% up over last year.
Obviously the relevant number is the 17 percent.
I think of it in these terms. Between myself and my employer we pay about 12k before the insurance company is out a dime.
It just blows my mind.
My employer shares their cost with us so I know the breakdown. Overall cost went up about 17%, employer passed on all of it plus paid a few percent less than last year. So my cost is 19% up over last year.
Obviously the relevant number is the 17 percent.
I think of it in these terms. Between myself and my employer we pay about 12k before the insurance company is out a dime.
It just blows my mind.
Posted on 10/16/14 at 10:34 am to Turbeauxdog
quote:Crazy right? If I did the math right, for my HD plan, insurance gets 7.8k between deductible and premiums. And even then it would still go to 80/20. And I'm 27. My wife and I hardly ever go to the doctor.
Between myself and my employer we pay about 12k before the insurance company is out a dime.
Posted on 10/16/14 at 10:37 am to ell_13
Ours increased by 15% but we were given options for discounts for doing health screens, being tobacco free, etc. It almost offset the increase if you jumped through the hoops and don't smoke.
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