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:
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.