Tuesday, November 4, 2014

Thought Obamacare was supposed to be affordable

From a relative of mine:

I came home and opened our mail to find our new insurance plans/rates for 2015.  I thought I'd share how bad they are.
  • My Husband's current plan is a grandfathered 2013 plan and not ACA compliant (bought privately; not through the state exchange).  His current premium is $103/mos with $1500 deductible.  The new plan recommended for 2015 is $196/mos with $4000 deductible.  The premium almost doubles and the deductible  more than doubles!  His new plan is considered a bronze plan.
  • My current plan is through the state's exchange (ACA compliant) and has subsidies.  My current premium is $281/mos with $175 deductible.  The new 2015 plan is $261/mos and $2250 deductible.  The premium is $20 cheaper per month, but the deductible is more than twelve times the current one!  Yikes!  My plan is a silver plan.  

This whole insurance thing is a nightmare!!

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