A friend of mine, who lives in the Wilmington area, just received his 2014 "renewal" from Blue Cross/Shield, as well as a copy of the internal rate sheets for their new "metal" plans.
As one might expect, although he likes his current (HSA) insurance plan, he can't keep it. And contra the President's other explicit promise, his rates didn't go down "3000%"
His current premium, good through the end of 2013, is $212 per month with a $5,000 deductible (and no co-insurance). His renewal has mapped ("transitioned") him to a Bronze plan with a $5,500 deductible (and no co-insurance) with a monthly (non-subsidized) premium of $493, more than double his current premium, plus 10% more out-of-pocket.
Now, he could opt for a so-called "Catastrophic" plan (which, due to his age, would require a hardship exemption for eligibility) with a $6,350 deductible (and again, no co-insurance) for $387 per month. That's a 35% increase in premiums and a little over 25% greater out-of-pocket.
Fortunately, my friend's a non-smoker, else he could plan on adding an additional 20% to those "bargain" rates.
The ObamaTax in action.
As one might expect, although he likes his current (HSA) insurance plan, he can't keep it. And contra the President's other explicit promise, his rates didn't go down "3000%"
His current premium, good through the end of 2013, is $212 per month with a $5,000 deductible (and no co-insurance). His renewal has mapped ("transitioned") him to a Bronze plan with a $5,500 deductible (and no co-insurance) with a monthly (non-subsidized) premium of $493, more than double his current premium, plus 10% more out-of-pocket.
Now, he could opt for a so-called "Catastrophic" plan (which, due to his age, would require a hardship exemption for eligibility) with a $6,350 deductible (and again, no co-insurance) for $387 per month. That's a 35% increase in premiums and a little over 25% greater out-of-pocket.
Fortunately, my friend's a non-smoker, else he could plan on adding an additional 20% to those "bargain" rates.
The ObamaTax in action.
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