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Has there been a health insurance cost increase thread lately?

Posted on 11/25/20 at 8:53 am
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
118857 posts
Posted on 11/25/20 at 8:53 am
Didn't find one in the search.

Found out yesterday, our cost is going up 9% on the employee, plus a $250/pp surcharge if you carry a spouse that has another insurance option. We get paid every 2 weeks, so $500/month penalty for carrying a spouse that has another option.

No warning, no advance notice about it, and while most companies do open enrollment in October, we are just now doing it.
Posted by MrSavage
Member since Jan 2008
776 posts
Posted on 11/25/20 at 8:54 am to
Our costs went down..
Posted by brewhan davey
Audubon Place
Member since Sep 2010
32775 posts
Posted on 11/25/20 at 8:54 am to
Makes no sense, given that health insurance companies most likely enjoyed their largest profits in years in 2020.
Posted by notsince98
KC, MO
Member since Oct 2012
17940 posts
Posted on 11/25/20 at 8:55 am to
my company changed insurance companies and a family plan went up $8/month. I guess I can't complain too much.
Posted by BobLeeDagger
In Your Head
Member since May 2016
6905 posts
Posted on 11/25/20 at 8:56 am to
Mine was like $5 cheaper per pay period than last year's enrollment.
This post was edited on 11/25/20 at 8:56 am
Posted by go_tigres
Member since Sep 2013
5150 posts
Posted on 11/25/20 at 8:56 am to
Ours went down about 3% but I’m still paying $467 per pay check.
Posted by ShoeBang
Member since May 2012
19341 posts
Posted on 11/25/20 at 8:56 am to
Yay Obamacare

The gift that keeps on fricking your wallet
Posted by AUCE05
Member since Dec 2009
42553 posts
Posted on 11/25/20 at 8:57 am to
Find a new job. With the mobile options now, you aren't tied to a bad company.
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32344 posts
Posted on 11/25/20 at 8:57 am to
I think mine is something like $20 more per month.
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
34904 posts
Posted on 11/25/20 at 8:57 am to
We got rid of health insurance a few years ago. All you need is a good first aid kit, a well stocked medicine cabinet, and YouTube for anything that those can’t handle.
Posted by Fox McCloud
Member since Oct 2020
3525 posts
Posted on 11/25/20 at 8:57 am to
Even ochsner went up in health insurance premiums on their employees
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32344 posts
Posted on 11/25/20 at 8:58 am to
quote:

Even ochsner went up in health insurance premiums on their employees
Well, they kinda got hit pretty hard this past year
Posted by KemoSabe65
70605
Member since Mar 2018
5111 posts
Posted on 11/25/20 at 9:27 am to
As they should penalize those not smart enough to realize the 50% discount received with their company plan.
Posted by tigeraddict
Baton Rouge
Member since Mar 2007
11785 posts
Posted on 11/25/20 at 9:31 am to
Same coverage same with holdings this year for my. But I have family coverage. Single coverage and spouse/self all went up.
Posted by Weekend Warrior79
Member since Aug 2014
16273 posts
Posted on 11/25/20 at 10:20 am to
Sounds like a shitty benefit package from your company.

quote:

while most companies do open enrollment in October, we are just now doing it.
This is mandated by the policy period. My company's open enrollment is 11/01 - 11/30 because our plan year starts 12/01. We couldn't get new rates until 10/15ish.

Is this really last minute, when do the new costs go in place?

Insurance at my company went up 6% and the employer ate the employee costs. Employee's already pay 100% coverage for any dependents.

Posted by Ronaldo Burgundiaz
NWA
Member since Jan 2012
6538 posts
Posted on 11/25/20 at 10:26 am to
Posted by Colonel Angus
Member since Aug 2007
1617 posts
Posted on 11/25/20 at 10:28 am to
Self insured is the way to go. Company pays their own claims, rents a network. With a HDHP tied to an HSA with a company match.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
118857 posts
Posted on 11/25/20 at 10:51 am to
quote:

With a HDHP tied to an HSA with a company match.


This is a HDHP, and our match continues to shrink. We lose benefits each year. I'm too close to retirement to leave.
Posted by Cypdog
Member since Jan 2014
832 posts
Posted on 11/25/20 at 11:25 am to
Mine went up $2500 a year.
Posted by WPBTiger
Parts Unknown
Member since Nov 2011
30851 posts
Posted on 11/25/20 at 11:25 am to
quote:

Found out yesterday, our cost is going up 9% on the employee


Thanks Obama.

This post was edited on 11/25/20 at 11:28 am
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