Health Insurance … An Unhappy Update

You may have read my earlier post about my analysis of my existing insurance vs. the ACA plans. There was no comparison, with my current plans being much better, at a better cost.

Well, I just got the notice of our annual increase. Both my policy and my daughter’s policy are going up over 20%, which puts them squarely in line with the ACA plans. The current plans still have slightly better benefits, i.e. a lower deductible, and a higher out-of-pocket maximum, but the monthly premium is now slightly worse.

Here are our monthly premiums since 2005, for a very high deductible plan:

    Donna Daughter
2014  625  235
2013  502  195
2012  457  161
2011  409  136
2010  285  94
2009  193  68
2008  193  68
2007  191  56
2006  156  45
2005  119  45

A simple average shows that the premiums have increased an AVERAGE of over 20% EACH year for the past 9 years.

I think this data underscores how critical it is to have health care reform. The jury is still out as to whether the ACA will provide that needed reform.

2 thoughts on “Health Insurance … An Unhappy Update”

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