Actual Health Insurance Premium Increases For 2017

[sheehs1]

Just got my notice for my off exchange Anthem HealthKeepers Bronze 15% for HSA plan for 2017 here in Virginia. It's a 17.3% increase.

The deductible is going from $6,000 to $6,200 and the MOP is staying the same at $6,550/person, $12,400 family. Coinsurance is going from 15% to 25% for Tier 1 facilities, 50% for Tier 2 facilities. Coinsurance for Primary Care and Specialist is going from 15% to 25%.

I'm getting close to my first mortgage ( a long time ago!) amount with the monthly premium cost since I do not qualify for a subsidy. Monthly 2017 premium for just me = $680.24 for BRONZE.

With that 50% coinsurance for Tier 2 facilities I may have to research other plans. I've been fortunate to not have to really use my health care for much since the ACA started. Well.....I guess one could look at that way.

Thought I'd start this thread so we could report "actual" increases.

 

[Grace Z]

I live in Georgia. My Humana POS increased from 805.00 per month to 1367 (approx., don't have the exact # in front of me) for an HMO. Needless to say, I'll be searching for a cheaper plan.

 

[W2R]

I have federal employee/retiree "BCBS Standard" insurance.
The total monthly cost went from $679.36 to $709.93, up 4.5%.
The monthly cost to me went from $217.06 to $229.64, up 5.8%.

I'd like to once again sincerely thank Rich_by_the_Bay for suggesting that I might want to work two extra years beyond FI in order to qualify for this insurance. Those years, from 2007 to 2009 when I finally retired, were no fun but overall this turned out to be a good decision for me.

I also pay for Medicare Part B, which was $104.90/month this year.
I don't know what I'll be paying for it in 2017. I think I might have had too much income in 2015 to qualify for paying just the base amount, so I might be paying more.

Edited to add: This covers only one person, me, a single woman age 68 living in New Orleans.

 

[exnavynuke]

I pay $5/week for my HDHP plan through work with a $2,600 deductible/max out of pocket. VA medical covers everything but some copays (which should disappear once my disability claims are completed). The VA also bills my insurance so the first 3 month supply of medicines maxes out my deductible/max out of pocket currently.

Work contributes ~$137/week for my medical plan as well.

 

[Teacher Terry]

I am a state retiree and pay 900.00/month for the 2 of us. It goes up about 50 /year. However, they are talking about much bigger increases in July or making the benefits much worse. Ugh!

 

[Another Reader]

Pre-Medicare Retiree HMO plan from United Healthcare:

2015 Monthly Premium $972.34, Subsidy $261.08 Net Cost $711.26
2016 Monthly Premium $982.06, Subsidy $270.22 Net Cost $711.84
2017 Monthly Premium $994.30, Subsidy $270.22 Net Cost $724.08

I guess I can't complain about the increasing cost too much, as long as I am able to keep the Sutter Health entity (PAMF) I currently use.

 

[Bamaman]

My wife and I are both on Medicare and our Supplement is through my ex-MegaCorp's program. We do pay for Part D on the open market, and benefits are going down and deductibles are going up somewhat.

We feel we're so fortunate--almost makes me glad to be 66 years old.

I do pay for my 28 year old daughter's BCBS Individual Blue healthcare policy @ $290 including dental. BCBS is canceling ACA and Individual policies in three of the four large Tennessee cities but keeping it in rural areas. That tells me BCBS is going to get out of any retail markets where they're unprofitable and where there's one or more other sources of medical insurance available.

 

[MichaelB]

My plan is being discontinued, and there is only one option with similar coverage, so while that is not a premium increase, I'll be paying 52% more. From $660 now to $1002 next Jan 1.

DW's premium should stay the same or even fall a bit, as she moves onto Medicare. I need to get her signed up first, and am working on that.

 

[RockyMtn]

My retiree health care costs went from $660 per month for me and my son to $831 per month. Son comes off this month so next year I'll pay $415 vs this year's $330. 25% increase.

GF is paying $260 a month for a subsidized BCBS Silver plan is Az. Next year there will only be one carrier in our county. Not sure of the costs yet but can't imagine it will be going anywhere but up. Big question is if they will have her doctors in their network. ACA is a mess here in Maricopa County.

 

[Walt34]

I'm a little embarrassed to post this in light of the huge increases others are looking at, but mine from my ex-employer will go up from 0% to 4.4%, depending on the plan. They just sent the notice of it last week. I pay 30% of the premium and it looks like it'll be a hair over $1k a month for the two of us. I'm on Medicare, DW is not. Given that there are no deductibles and I pay $5 for prescriptions it's pretty good coverage. The BCBS plan is secondary to Medicare for me.

 

[Accidental Retiree]

Our Kaiser Bronze HSA plan is going up 9.2%.

 

[LakeRat1]

Our Florida Blue Plan is going up 27%
Age 54 and Age 62 - Bronze Plans, No Subsidies
2016 - $1132 / $6850 Each
2017 - $1437 / $7150 Each

For this reason we are 90% sure we are going to join the ACA Approved Christian Healthcare Ministries .... This is a big risk.... But I hate throwing good $$$$ at these insurance companies, then seldom see the benefit ..... DW will be on Medicare in three more years, then we will bring the risk down on her...... I suppose, if we get really sick, we can move, then this would qualify us to get insurance in another state ..... We have a home in two states, as well our kids are in yet another ....... I think this would qualify

 

[pb4uski]

Would your health insurance be lower if you changed domicile to Missouri?

We recently bought a winter condo in Florida and many people have asked me if we will change residence... I say no because the state income tax savings are eclipsed by much higher health insurance costs... our health insurance would increase by about 4 times our state income tax savings. In our case, the value of homestead exemptions are about the same.

 

[LakeRat1]

State Income Tax is 6%, Property Tax on Autos and Boats, Homestead was not a factor due to age.... In MO

We did purchase a small mobile home in a 55+ community, no more rent when in FL, as well we stay 8 months versus 4 months.....

Savings by owning in FL, is roughly 15K per year

 

[Just_Steve]

I'm a little embarrassed to post this in light of the huge increases others are looking at, but mine from my ex-employer will go up from 0% to 4.4%, depending on the plan. They just sent the notice of it last week. I pay 30% of the premium and it looks like it'll be a hair over $1k a month for the two of us. I'm on Medicare, DW is not. Given that there are no deductibles and I pay $5 for prescriptions it's pretty good coverage. The BCBS plan is secondary to Medicare for me.

I share your embarrassment mine went from $0 for a family of 4 to $0 for a family of 4. Daughter will age out of plan in two years, son will age out in 7 years.

 

[pb4uski]

State Income Tax is 6%, Property Tax on Autos and Boats, Homestead was not a factor due to age.... In MO

We did purchase a small mobile home in a 55+ community, no more rent when in FL, as well we stay 8 months versus 4 months.....

Savings by owning in FL, is roughly 15K per year

Well that $15k in savings would just about pay for your health insurance.

 

[LakeRat1]

Well that $15k in savings would just about pay for your health insurance.

You missed my comment, about throwing good $$$ to the insurance company, then seldom utilize ...... But you are correct .....

 

[Disappointed]

It is $1,361 now, it will be $1,658 in 2017, up 21.8%. This is Blueshield of CA, Gold 80/20 PPO for me and my wife.

 

[rodi]

DH is on a different plan that the kids and I. So I'll do the two plans separate.

DH is currently on Sharp Bronze 60 HMO HDHP w/HSA. He's age 64.
Monthly premium $565.53.
Deductible $4500, Max OOP $6500

DH turns 65 in January so starting on Jan 1st he'll be on Medicare. It looks like he'll be signing up for a HiD plan F. So his expenses will be:
Medicare B premium - $149/month (for people not held harmless which means newbies, folks who delay SS past 65, and high income folks. He's in the newbie group.)
Healthnet Part F - high deductible: $59/month
Deductible is $2180 on the 20% that is not automatically covered...
** this is MUCH better insurance than he's had with the HDHP HMO. But no more tax credit so we'll be paying a bit more net.

Me and the kids - I just turned 55 (so it was rated for age 54) and kids are 13 and 15...
Current Kaiser Bronze 60 HMO HDHP with HSA.
Current premium for myself and 2 teenagers: $651.14
Deductible: $4500/person, $9k/family. Max OOP: $6500/person, $13500/family. 40% coinsurance after deductible met.

Same Kaiser Bronze 60 HMO HDHP with HSA.
2017 premium: $708.81 (8.8% increase)
Deductible: $4800/person, $9600/family. Max OOP: $6550/person, $13100/family.

We qualify for premium tax credits - so that helps... Through 2016 we had to get the tax credit at refund time because CoveredCa.com didn't handle the 2 plans/1 family/shared tax credit thing. Now that DH is enrolling in medicare we're able to get the tax credit up front. Our premium will not be $708.81.... it will be $3. (I love this.)

One thing to remember in all this - premiums go up each year not just because of inflation, but also due to age.... I expect my premiums to continue to rise as I get older.

edited to add our ages.

 

[Dawg52]

My individual plan with BCBS will go up 8% next year. The previous two years increased 15% per year so I guess I should the thankful the single digit increase.

 

[FUEGO]

I'll modulate my AGI to come in around $42k for our family of 5, so I expect my insurance to cost around $125/mo like it does this year (with a $909 subsidy in 2016). All insurers are withdrawing from the Marketplace except BCBS so I expect my unsubsidized premium will go up significantly from the $1,034 it is right now.

We currently enjoy a $0 deductible, $500 max OOP policy, and I think it'll get slightly worse once we're on BCBS's plan next year. They still don't have premium info at healthcare.gov from what I see, so I'll have to report back later with specifics.

 

[pb4uski]

...They still don't have premium info at healthcare.gov from what I see, so I'll have to report back later with specifics.

If you surf around at your state insurance department website you should be able to find info on 2017 increases... or just wait a couple weeks until open enrollment begins.

 

[Fermion]

I looked briefly just now at our BCBS silver plan subsidized with cost sharing and note that it is going up about 2%.

I did note that the cost sharing cliff is pretty steep (nobody talks about the cost sharing cliff). If you put in 24,000 MAGI for a married couple, the plan has a $1000 individual $2000 family deductible and if you put in 23,000 MAGI the same plan has a $250 individual $500 family deductible.

So make $1000 more and pay at least $1500 more for insurance.

MAGI management should be taught in college now.

 

[ziggy29]

My current plan will be up nearly 19% but my employer is paying 95% of the cost of this particular plan, so my share is going from about $50 a month to nearly $60 a month for the two of us. Of course, deductibles and OOP maximums are also going up quite a bit. But given that this plan costs us $1500 less per year than almost any other plan and it provides $2400 in an HRA every year that more than covers all expenses in a typical year, I can afford to self-insure for the higher deductible.

In the FEHB program it looks like the HDHP and CDHP plans are seeing double digit percentage increases almost across the board, whereas the traditional PPO plans (which tend to be costlier) are seeing more moderate increases.

 

[Sue J]

The full cost of DH's retiree insurance for 2017 is $1067 for each of us, total of $2134. This is an increase of 10% over 2016 prices.

DH would receive an allowance dropping his cost to $155 and my small allowance would drop my cost to $845, for a total premium cost for us of $1000/mo. Our total for 2016 was $665 so this would be an increase of 50%.

The cost to us increased far more than the 10% premium increase because the retirement system is eliminating the spousal allowance over 3 years and 2017 is the final year for anything for the spouses.

The retiree plan is $1000 deductible and then 75% co-insurance up to an Out of Pocket limit of $3900 that does not include the deductible. So Max Out Of Pocket is $4900 per person.

The cost of the retiree insurance is far beyond what we could afford on DH's pension so we have been using ObamaCare since 2014. For the first 2 years we had HDHP bronze plans and this year we had a bronze plan that was not HDHP because all the HDHP plans were so much more expensive than non HDHP plans. Yeah, that didn't make sense to me, either!

I've been checking to see if HealthCare.gov is allowing previews yet and so far it's not. Last year the preview option showed up around October 25th.