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Author: WendyBG Big gold star, 5000 posts Top Favorite Fools Top Recommended Fools Feste Award Winner! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 459244  
Subject: Re: Poll: How much did your health insurance pre Date: 12/24/2012 12:33 PM
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As others have pointed out, this question only really applies to those (like DH and me) who buy private health insurance in the U.S. The many who have corporate health insurance and those who have nationalized medicine are not comparable at all.

DH and I do have private health insurance. It's our highest single expense by far. We have used the same provider for many years. In 2012, the provider told us that we could keep our "grandfathered" programs. However, in 2013, our "grandfathering" was terminated so we were thrown into the pool with everyone else.

Our health insurance premiums would have risen from about $425 per month EACH to over $600 per month EACH. As a result, we changed our policies from high deductibles to higher deductibles and removed prescription drug coverage. Our policy covers preventive care (one checkup a year, glucose and cholesterol tests) and 3 visits before the deductibles kick in. This is one step removed from "catastrophic care" insurance but far less than we would choose if either of us had a chronic illness to cover.

The insurance company attributed the price hikes to the new law that forced it to increase its clients by 1/3 without screening for pre-existing conditions. The biggest price increases were in types of insurance that cover prescription drugs.

Wendy
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