Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Florida BCBS
Old 10-01-2013, 08:19 PM   #1
Dryer sheet aficionado
 
Join Date: Oct 2007
Posts: 37
Florida BCBS

Has anyone else looked at Florida's Blue Cross Blue Shield website? They have underwritten plans through 12/31/13 and ACA compliant plans beginning 1/1/14. I compared the nine cheapest plans offered before and after. I know they are apples to oranges. But I think this might be the sticker shock so many were talking about. I used a sixty year old couple in my search.
Attached Images
File Type: jpg StickerShock.jpg (122.5 KB, 72 views)
__________________

__________________
joe8012 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-02-2013, 06:52 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
donheff's Avatar
 
Join Date: Feb 2006
Location: Washington, DC
Posts: 8,634
All those plans on the left sound like they don't carry the benefits of the ACA (e.g. predictable cost, surgical plus, etc). If you get comprehensive coverage, no cap, no preexisting condition, etc) you pay more and get more. If you are low income you get a subsidy and end up getting more for less.

Or did you evaluate the plans and lay equivalent plans side by side? Right..
__________________

__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
donheff is offline   Reply With Quote
Old 10-02-2013, 07:07 AM   #3
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,408
Took multiple tries over a couple of days but I finally got a quote from BCBS. Looking at their 12 HSA options, all are less expensive than what we are currently paying.
__________________
MichaelB is offline   Reply With Quote
Old 10-02-2013, 07:39 AM   #4
Dryer sheet aficionado
 
Join Date: Oct 2007
Posts: 37
Quote:
Originally Posted by donheff View Post
All those plans on the left sound like they don't carry the benefits of the ACA (e.g. predictable cost, surgical plus, etc). If you get comprehensive coverage, no cap, no preexisting condition, etc) you pay more and get more. If you are low income you get a subsidy and end up getting more for less.

Or did you evaluate the plans and lay equivalent plans side by side? Right..
I did state that these comparisons were "apples to oranges". The point I was trying to make was the very low cost plans that many people budget their world around will no longer be there on January 1st. Coming up with an additional $6000 a year for coverage you don't want or need can be very difficult for a couple with a MAGI of $62050
__________________
joe8012 is offline   Reply With Quote
Old 10-02-2013, 08:18 AM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 7,883
I went poking around looking at a BCBS HSA compatible bronze plan compareable to my current BCBS HSA and it looks less expensive.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is online now   Reply With Quote
Old 10-02-2013, 08:31 AM   #6
Dryer sheet aficionado
 
Join Date: Oct 2007
Posts: 37
I also noticed that United Healthcare (Florida & Ohio) posted their rates for plans through 12/31/13 and there was no increase on October 1st as many were expecting. However, the policies will only be good through the end of 2014.
__________________
joe8012 is offline   Reply With Quote
Old 10-02-2013, 08:45 AM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
donheff's Avatar
 
Join Date: Feb 2006
Location: Washington, DC
Posts: 8,634
Quote:
Originally Posted by joe8012 View Post
I did state that these comparisons were "apples to oranges". The point I was trying to make was the very low cost plans that many people budget their world around will no longer be there on January 1st. Coming up with an additional $6000 a year for coverage you don't want or need can be very difficult for a couple with a MAGI of $62050
Fair enough. If people accept the risk and budget for inadequate (in the opinion of the ACA architects) health insurance they may get budget shock.
__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
donheff is offline   Reply With Quote
Old 10-02-2013, 09:28 AM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 18,260
Quote:
Originally Posted by donheff View Post
Fair enough. If people accept the risk and budget for inadequate (in the opinion of the ACA architects) health insurance they may get budget shock.
Right, and that is an important point for those people. We were all told many, many times - "if you like your plan, you can keep it". That doesn't seem to be the case, does it?

-ERD50
__________________
ERD50 is offline   Reply With Quote
Old 10-02-2013, 03:22 PM   #9
Recycles dryer sheets
diehard1997's Avatar
 
Join Date: Oct 2012
Posts: 59
I checked our BCBS FL plan and it will more than double starting in 2014. We pay $311 per month now for an HSA-compliant plan with 10K MOP. Staring next year the deductible goes up to 12.5K and the premium to $756. Tough pill to swallow - paying an extra $5340/year, higher MOP and no apparent increase in coverage. Sigh....
__________________

__________________
diehard1997 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 01:22 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.