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Started By
Message
Health insurance is changing at my job and curious if the new plans are as awful as I feel
Posted on 8/11/21 at 3:37 pm
Posted on 8/11/21 at 3:37 pm
2 options, but with a bunch of kids and me being accident prone I figured I'd go for the lower deductible, higher premium (putting high ded. plan option in parentheses):
Deductible: $6,600 ($11,600)
Out of Pocket Maximum: $9,000 ($14,000)
Premium: $968 ($764)
Coverage-
Preventive Services: 100%
Everything else: 80% after deductible (50% after deductible)
They do contribute $100 of match per month to an HSA and $250 one time deposit for new enrolls.
This seems fricking awful. Am I off-base? Previous plan was FREE after deductible, the deductible was lower, and the premium was lower. Tough times I guess.
Deductible: $6,600 ($11,600)
Out of Pocket Maximum: $9,000 ($14,000)
Premium: $968 ($764)
Coverage-
Preventive Services: 100%
Everything else: 80% after deductible (50% after deductible)
They do contribute $100 of match per month to an HSA and $250 one time deposit for new enrolls.
This seems fricking awful. Am I off-base? Previous plan was FREE after deductible, the deductible was lower, and the premium was lower. Tough times I guess.
10
Posted on 8/11/21 at 3:45 pm to CatfishJohn
It's pretty fricking awful for a company sponsored plan
Posted on 8/11/21 at 3:56 pm to CatfishJohn
quote:
Deductible: $6,600 ($11,600)
Out of Pocket Maximum: $9,000 ($14,000)
Premium: $968 ($764)
You're out $18k before insurance pays anything, assuming they don't weasel out. That's terrible.
Might want to look into a sharing ministry.
Posted on 8/11/21 at 4:03 pm to Bestbank Tiger
What is a sharing ministry?
Also, does anyone know how this compares to just getting your own plan for the family outside of work? Never been in this situation before.
Also, does anyone know how this compares to just getting your own plan for the family outside of work? Never been in this situation before.
Posted on 8/11/21 at 4:08 pm to CatfishJohn
quote:
What is a sharing ministry?
Also, does anyone know how this compares to just getting your own plan for the family outside of work? Never been in this situation before.
Mutual aid society. The largest ones are Medi-Share, Samaritan, Liberty Healthshare, and Christian Healthcare Ministries.
Nothing to lose by investigating (except your time, if you decide they're not for you).
Posted on 8/11/21 at 4:14 pm to Bestbank Tiger
Thanks I love my company and my work, but this completely negates the raise I just got. Pretty infuriating. I know they're trying to cut costs, but frick.
Posted on 8/11/21 at 4:25 pm to CatfishJohn
Dwight picked that plan
Posted on 8/11/21 at 4:25 pm to Bestbank Tiger
quote:That's just not accurate
You're out $18k before insurance pays anything,
Posted on 8/11/21 at 4:28 pm to CatfishJohn
Well the premium is low compared to what I pay. The coverage is terrible though.
Posted on 8/11/21 at 4:47 pm to castorinho
quote:
quote:
You're out $18k before insurance pays anything,
That's just not accurate
$12k in premiums + $6k in deductibles.
Posted on 8/11/21 at 4:55 pm to Tshiz
quote:
Dwight picked that plan
He did. Blame him
OP - sorry to hear on the new lack of coverage. As others mentioned, look into a medishare plan. I’ve heard good things but not incredibly familiar with them myself
Posted on 8/11/21 at 5:03 pm to CatfishJohn
Looks like those are both technically "high deductible plans"
Is the $100 match/month available on both plans?
The difference between the deductible and out of pocket is only $2,400 on both plans, and then it will pay at 100 percent after.
So that's basically $12,000 worth of cost at 20% co-insurance, and then 100 percent afterwards.
It's not good... that's for sure.
Private health insurance is also stupid expensive.
Wonder how mucu COVID is having to do with these increases.
Is the $100 match/month available on both plans?
The difference between the deductible and out of pocket is only $2,400 on both plans, and then it will pay at 100 percent after.
So that's basically $12,000 worth of cost at 20% co-insurance, and then 100 percent afterwards.
It's not good... that's for sure.
Private health insurance is also stupid expensive.
Wonder how mucu COVID is having to do with these increases.
Posted on 8/11/21 at 5:04 pm to Bestbank Tiger
quote:
You're out $18k before insurance pays anything,
That is not correct.
Posted on 8/11/21 at 5:05 pm to Bestbank Tiger
quote:
$12k in premiums + $6k in deductibles.
That premium should be for the year, not monthly.
Posted on 8/11/21 at 5:09 pm to CatfishJohn
Is this employee+spouse+kids (family)?
Or Employee+kids only?
That does not seem that awful to me for a family plan honestly; my company does not even offer a family plan with a monthly premium that low. You are paying over 1g to get any coverage worth a shite; and we have 3 tiers. Cheapest family tier is a $1500 monthly premium (company pays $350 of that, so employee sees $1150) deductible is 12700 for family then 50% coinsurance. MAX out of pocket 15800...it's basically a catastrophe protection plan for more than the premium you are concerned about. (Best tier is $2200 (empl portion is $1650 monthly, but awesome plan = no deductible, max out of pocket is 2500) all bcbs plans
We are getting 8-12% increases annually for our group plans, it's retarded. I'm guessing eventually it wont be feasible anymore unless you have a million employees, and that's probably the plan.
Or Employee+kids only?
That does not seem that awful to me for a family plan honestly; my company does not even offer a family plan with a monthly premium that low. You are paying over 1g to get any coverage worth a shite; and we have 3 tiers. Cheapest family tier is a $1500 monthly premium (company pays $350 of that, so employee sees $1150) deductible is 12700 for family then 50% coinsurance. MAX out of pocket 15800...it's basically a catastrophe protection plan for more than the premium you are concerned about. (Best tier is $2200 (empl portion is $1650 monthly, but awesome plan = no deductible, max out of pocket is 2500) all bcbs plans
We are getting 8-12% increases annually for our group plans, it's retarded. I'm guessing eventually it wont be feasible anymore unless you have a million employees, and that's probably the plan.
This post was edited on 8/11/21 at 5:36 pm
Posted on 8/11/21 at 5:18 pm to Bestbank Tiger
We're out 20,600 between premium/ded with our BCBS individual policy. F'ing sucks.
Posted on 8/11/21 at 5:24 pm to Pendulum
quote:
Is this employee+spouse+kids (family)?
Or Employee+kids only?
Spouse and kids (family)
The plan for me and my kids is like half on the premium. Why is the addition of my spouse so much? We're done having kids, but that is the only guess I have because that is expensive.
Posted on 8/11/21 at 5:25 pm to CatfishJohn
because your kids wont have medical issues; your spouse is closer to your age, thus more expensive. It's all just odds.
Posted on 8/11/21 at 5:27 pm to Pendulum
Gotcha - that makes sense.
The insurance company hasn't met my sons obviously
Caught them jumping off the top of their dresser onto a pile of rigid plastic toy trucks the other day. All cover in bruises and cuts and laughing.
Part of the reason I'm scared of future ER bills with this plan
The insurance company hasn't met my sons obviously
Caught them jumping off the top of their dresser onto a pile of rigid plastic toy trucks the other day. All cover in bruises and cuts and laughing.
Part of the reason I'm scared of future ER bills with this plan
Posted on 8/11/21 at 6:52 pm to CatfishJohn
Delete this post or they'll find it and raise the rates
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