cycling.finial.com

Got my health insurance renewal rates today.

Current plan: $581.20 per mo. or $6,974.40 per year.

Same plan starting 01-April: $662.22 per mo. or $7,946.64 per year.

For those math challenged, that’s an increase of $81.02 per mo. or 14%.

No, we don’t need health insurance reform at all. No. Nope. And it’s really nice to see the Massachusetts universal health mandate lowering insurance costs, as promised.

And it’s really nice to see the Massachusetts universal health mandate lowering insurance costs, as promised. We’ve gone from the most expensive health insurance cost in the nation to …. the most expensive health insurance costs in the nation.

Note this is $50 away from being a “Cadillac policy” which would then be surtaxed at 40%.

A “Cadillac” policy which incurs additional costs of:

• $25 per office visit
• $150 per ER visit
• $15/30/50 per 30-day Rx (generic/preferred/name brand)
• No dental care
• No vision care

This totals to about another $1,000 out of pocket per year assuming I don’t need a new pair of glasses or a filling.

Defining a “Cadillac policy” based on the amount of premiums you pay is insane.

This entry was posted on Tuesday, January 26th, 2010 at 3:46 pm and is filed under Business, Health. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.