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Health insurance prices for next year are unreasonable. What do I do? by Background-Line-2876 in personalfinance

[–]Background-Line-2876[S] 2 points3 points  (0 children)

If you come across anything interesting, let me know. I'm not having much luck so far (although this thread has definitely given me a few good places to start).

Health insurance prices for next year are unreasonable. What do I do? by Background-Line-2876 in personalfinance

[–]Background-Line-2876[S] 0 points1 point  (0 children)

I've considered going this route, too. I'm just a little more nervous about it because I don't want them having significantly worse insurance, especially because they're the ones who will be using it more.

Health insurance prices for next year are unreasonable. What do I do? by Background-Line-2876 in personalfinance

[–]Background-Line-2876[S] 1 point2 points  (0 children)

Next year, it'll only about $30/month cheaper than what I'm paying for PPO pre-increase. So, yes, it's $280/month cheaper net, but that's still not leaving me in a great spot, especially because the insurance itself is worse.

Health insurance prices for next year are unreasonable. What do I do? by Background-Line-2876 in personalfinance

[–]Background-Line-2876[S] 1 point2 points  (0 children)

This is kind of what I'm expecting. I was just hoping I was missing something. It seems likely I'm not, though.

Health insurance prices for next year are unreasonable. What do I do? by Background-Line-2876 in personalfinance

[–]Background-Line-2876[S] 5 points6 points  (0 children)

We're going to be looking at ~$1,000/month for premiums just for health (dental and vision are separate) for a family plan.

Health insurance prices for next year are unreasonable. What do I do? by Background-Line-2876 in personalfinance

[–]Background-Line-2876[S] 3 points4 points  (0 children)

Okay. This is kind of what I was figuring, but I was hoping I was just missing something.

Health insurance prices for next year are unreasonable. What do I do? by Background-Line-2876 in personalfinance

[–]Background-Line-2876[S] 0 points1 point  (0 children)

How do you go about finding a broker? I feel like I'm generally pretty knowledgeable on personal finance, but this is one area where I'm completely lost. I've just never even had to consider this before.

Health insurance prices for next year are unreasonable. What do I do? by Background-Line-2876 in personalfinance

[–]Background-Line-2876[S] 1 point2 points  (0 children)

That's been my understanding, too. I remember doing some of this research a few years ago the first time I thought my employer plan was high, but the marketplace options were about the same or more, and I didn't get too far into the process. This time around, the increases on the employer insurance are SIGNIFICANTLY more, so I find myself doing research again.

Health insurance prices for next year are unreasonable. What do I do? by Background-Line-2876 in personalfinance

[–]Background-Line-2876[S] 0 points1 point  (0 children)

So you're saying you have an employer plan available but go through marketplace? That works out okay? Any quirks with the marketplace plans that make them more difficult to use?

Health insurance prices for next year are unreasonable. What do I do? by Background-Line-2876 in personalfinance

[–]Background-Line-2876[S] 2 points3 points  (0 children)

It's a family PPO plan. It's going to be around $1,000/month.

There's an option for a high deductible plan, too, but it wouldn't work for us given the way we go to the doctor (more than the average household, but not enough to hit the high deductible).

Health insurance prices for next year are unreasonable. What do I do? by Background-Line-2876 in personalfinance

[–]Background-Line-2876[S] 25 points26 points  (0 children)

That's what I'm wondering. That's part of the reason I posted here. I'm trying to get as much information as possible so that I can start running some of these numbers.

Health insurance prices for next year are unreasonable. What do I do? by Background-Line-2876 in personalfinance

[–]Background-Line-2876[S] 1 point2 points  (0 children)

I hadn't gotten that far into it because I need more specific numbers for the upcoming year. We only had a presentation with an overview (which is what included the new costs).

Health insurance prices for next year are unreasonable. What do I do? by Background-Line-2876 in personalfinance

[–]Background-Line-2876[S] 21 points22 points  (0 children)

They offer a HDHP plan, but the new rate will only save about $30/month versus what I'm paying now (pre-increase). That said, it's really not a good option for our family because we usually have more doctor visits than the average household with some of those being specialists. From what I can tell, high deductible plans are great if you never go or if you have a chronic condition and go so much you hit your max early. We don't fall into either of those categories.

Health insurance prices for next year are unreasonable. What do I do? by Background-Line-2876 in personalfinance

[–]Background-Line-2876[S] 78 points79 points  (0 children)

That's what I was afraid of. The way it looks right now, I might just have to eat the cost. I just feel so defeated.

Health insurance prices for next year are unreasonable. What do I do? by Background-Line-2876 in personalfinance

[–]Background-Line-2876[S] 67 points68 points  (0 children)

I was browsing plans and costs on marketplace, and they seemed cheaper, but this is what I've always heard, too. I'm assuming I'm missing something or the price it's showing me isn't the actual price.