Anyone else seeing a large increase in premiums? Just got word our current policy is going up 34% with United Healthcare. Wow!! I figured they would be going up with Covid, but that is crazy!
Healthcare Premiums
- Thread starter cycloner29
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My company pays 100% of our healthcare premiums and dental/vision. It's an insanely awesome benefit.
I know it’s nice when that happens. Lucky that mine picks up all prescriptions and charges also. No co-pays is the kicker though.
I also have UHC and it did go up this year, but it was very reasonable and nothing close to what you are seeing.
I'm almost afraid how much mine will increase, but I pay only around $68 bi-weekly. My previous job, which I was at in September, had UnitedHealthcare, glad I am no longer with them.
Healthcare spending/utilization overall is actually down because of COVID.
People are avoiding hospitals and emergency rooms, delaying preventive care/screenings/elective surgeries, and not going out, leading to fewer accidents, vehicle crashes, and injuries. Yes, there is the population with COVID who need serious treatment, but that is small compared to everybody else staying away entirely.
If utilization was the only factor under premiums, then they should be falling.
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BCBS here, saw a 25% increase but thats not as bad as it sounds as my company covers a large portion of the plan anyway. Still less than $200/month for the family plan after the increase.
Cyclonepride
Thought Police
I think I know where you work, as this sound awfully similar to the situation and the plan (hmo) I'm on
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Most likely what I'm going to sign up for this spring? Do you mind saying what your premium is?
With those on “corporate” plan, at what point does the company announce their increase/decrease.
Ours went from about $250/month to $850/month in a few years. Not looking forward to seeing what next year brings.
We saw no increase in our premiums. We choose a high deductible plan and use it in network. We pay all costs up to our deductibles. We invest the maximum we can into a HSA account and pay our medical bills out of pocket. We leave the HSA untouched except for really large medical bills.
The monthly premiums were way too high for a no deductible plan.
The monthly premiums were way too high for a no deductible plan.
I have Medigap Plan F which Medicare no longer allows for newly eligible Medicare enrollees .
https://www.medicare.gov/supplements-other-insurance/how-to-compare-medigap-policies
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