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Old 11-07-2009, 08:05 PM   #61
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I'm sure glad I'm On Medicare now and have a Private Sup Plan as well.
Don't you wonder what will happen over the next few years after Medicare payments to providers are reduced as proposed? Sadly, I think there is some potential downside to Medicare subscribers with the new plan depending on how providers react to the cuts. Time will tell.......
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Old 11-08-2009, 10:29 PM   #62
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I'm joining this thread late, and this is the answer to the original question about health care premiums.
I lucked into a state retirement health care plan that has no premium, and theoretically a relatively small out-of-pocket limit each year, although it doesn't cover everything of course. I've been enrolled since I officially retired about four years ago. So far, the premium has not gone up (from zero). However, the State keeps switching administrators (the State provides the money and is self-insured, but hires a 3rd party administrator). This latest switch is to an organization with a preferred provider network that has almost no members in this State. So according to a friend (I have been lucky and made no claims since the switch) the insurance company reimburses only a small part of what the doctor charges, saying it is more than we'd have to pay in Seattle (may be true but we're in Anchorage!), and doesn't count the extra expense towards the out-of-pocket limit.
So my premiums have not gone up, but my medical expenses are now highly unpredictable unless I can fly to Seattle every time I need a doctor (and of course the plane flight would not be covered).
So this is just another way that health insurance companies can deny coverage to those they are supposed to cover.
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Old 11-09-2009, 07:53 AM   #63
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Old 11-09-2009, 04:29 PM   #64
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...(snip)...
How high will yours go up and how is your organization/corp dealing with it?
Ours will go up 26% next year and has gone up at a compounded rate of 24% over the last 5 years. Our son's has gone up at a 17% compounded rate over 5 years.

I really do not understand what is driving these extreme rate increases. What is so different from the situation a few decades ago?
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Old 11-09-2009, 05:07 PM   #65
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I really do not understand what is driving these extreme rate increases. What is so different from the situation a few decades ago?
I don't know the answer entirely, but way back when, when I first bought my own very affordable health insurance, BCBS was a non-profit.
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Old 11-09-2009, 07:17 PM   #66
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unicare just sent me a 22.5% increase letter, follow up with a 'we are discontinuing insurance in Illinois' letter. BCBS is going to take over their policies, but can raise the rates. So I have to wait until Dec. to see what the real damages will be.
I am pissed.
There is something to setting your expectations low. I got the letter from BCBS and they are offering us a policy that is slightly worse, a higher deductible and a bit better, preventative yearly checkups paid for with a small co-pay. The price is the same as the Unicare increase price.

So I guess I'm less pissed now. It doesn't hurt anymore when they stop beating you
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