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Got MY ACA impact.
Old 09-22-2013, 11:13 AM   #1
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Got MY ACA impact.

Private insurance through one of the big carriers. HDHC plan, $2500 Deductible. 48 YO.

Good:
Quote from the UHC letter: "The good news is that you can keep your coverage with us in 2014 and beyond as long as you continue to pay your premiums"

Bad:
Premium went up 27%

Unknown:
"We will provide you with more specific information during the 3rd quarter of 2014 about any ACA-required changes to your plan for 2014"

"While your premiums are not guaranteed to remain unchanged, they may be less than the anticipated higher premiums of new plans that include all of the ACA requirements [emphasis theirs].

While not a catastrophic increase, it doesn't make me happy...and I think it is just the first shot across the bow. At least I don't have to join an exchange.

YMMV
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Old 09-22-2013, 01:57 PM   #2
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Depending on location, I suspect yours will be a common situation for indiv HI in 2014. While individual HI premiums historically increase with age, 27% in 1 yr for same HD plan seems high unless there was some significant change in your health. Do you know yet if your carrier will also be offering HI via your state Exchange?
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Old 09-22-2013, 04:25 PM   #3
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Quote:
Originally Posted by ERhoosier View Post
Depending on location, I suspect yours will be a common situation for indiv HI in 2014. While individual HI premiums historically increase with age, 27% in 1 yr for same HD plan seems high unless there was some significant change in your health. Do you know yet if your carrier will also be offering HI via your state Exchange?
Our state won't have an exchange, it is using the federal exchange. No change in health. Have spent less than 1/4 my deductible each of the last two years.
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Old 09-22-2013, 08:27 PM   #4
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Our state won't have an exchange, it is using the federal exchange. No change in health. Have spent less than 1/4 my deductible each of the last two years.
Sorry for confusing choice of words re state exchange. Each state opting for (defaulting to) Fed exchange will still have its own array of carriers & Plan premiums. Was wondering if your carrier has released specific info on exchange Plans as this might provide a clue to future rates for its individual policies. IOW- You might see for yourself just what those "anticipated higher premiums" for ACA-qualifying Plans turned out to be. My guess is that significantly higher premiums for such Plans in your area would not be good news
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Old 09-23-2013, 07:07 AM   #5
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OP - Why don't you update this thread to show what prices are available on your exchange once the prices are available in a couple of weeks. Since you sound happy to stay away from the exchange I assume your income is too high for you to be eligible for a supplement.
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Old 09-23-2013, 08:16 AM   #6
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Why try to stay away from the exchange? HI is HI and the exchange is just a place to shop optional plans. The ACA mandates "essential coverages" that will have to be incorporated into all plans even employer provided plans. I can't see where you buy it to be an issue.

The "essential coverages" will include items that aren't necessarily in peoples plans now. It sounds like your insurance carrier is warning you that your premium is likely to go up January 1 when they are required to add the "essential coverages" that you're managing to live without now.
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Old 09-23-2013, 03:47 PM   #7
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I got my letter last week from Regence Blue Cross Blue Shield of Oregon. Premiums for wife and I will double - if we choose to remain. And how nice of them to automatically enroll us into the new plans!

I took a quick look at the Oregon state exchange and it seems that cost will be very reasonable (less than we pay now) with better coverage and less out of pocket costs.

It almost seems like Regence BC BS is intentionally chasing people out of their private coverage by raising the rates so high..... F$%$ 'em!

I'll certainly be looking to sign up for the Oregon state exchange plan.
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Old 09-23-2013, 04:40 PM   #8
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Originally Posted by Life_is_Good View Post
I got my letter last week from Regence Blue Cross Blue Shield of Oregon. Premiums for wife and I will double - if we choose to remain. And how nice of them to automatically enroll us into the new plans!

I took a quick look at the Oregon state exchange and it seems that cost will be very reasonable (less than we pay now) with better coverage and less out of pocket costs.

It almost seems like Regence BC BS is intentionally chasing people out of their private coverage by raising the rates so high..... F$%$ 'em!

I'll certainly be looking to sign up for the Oregon state exchange plan.
I am curious, Life. Are you saying your present premium offered by BCBS is higher than exchange premium? Is your present plan offered by BCBS in the exchange, or in similar form? If it is what is the price difference?
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Old 09-23-2013, 06:22 PM   #9
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I am curious, Life. Are you saying your present premium offered by BCBS is higher than exchange premium? Is your present plan offered by BCBS in the exchange, or in similar form? If it is what is the price difference?
I'm saying that my current BCBS premiums are higher than the Oregon Market exchange - after federal subsidy. The federal subsidy covers most of the state premium (at our income level).

My current BCBS plan is called Evolve Core - wife is 57, I'm 52. Together, we pay just over $420/mo for a POS w/$7500 deductible. It looks like we'll be paying less going through the Oregon exchange. I suppose that might be why it's called the Affordable Care Act.

BTW, my current BCBS plan will be discontinued after Dec 31 in favor of the new ACA-compliant plans - according to BCBS. Those are the ones with higher rates.
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Old 09-23-2013, 06:34 PM   #10
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Originally Posted by Life_is_Good View Post

I'm saying that my current BCBS premiums are higher than the Oregon Market exchange - after federal subsidy. The federal subsidy covers most of the state premium (at our income level).

My current BCBS plan is called Evolve Core - wife is 57, I'm 52. Together, we pay just over $420/mo for a POS w/$7500 deductible. It looks like we'll be paying less going through the Oregon exchange. I suppose that might be why it's called the Affordable Care Act.

BTW, my current BCBS plan will be discontinued after Dec 31 in favor of the new ACA-compliant plans - according to BCBS. Those are the ones with higher rates.
Ok, I get it. Good for you on the subsidy! I am not able to snag the subsidy. I thought you were saying the underwritten plan was higher than the exchange one which didn't make sense to me, but the subsidy certainly clears it up for me. BCBS has been sending coded letters that I figured out meant they were dropping my plan also. I was able to decipher the words "exciting new plans January 1st" into what it really meant of "bend over and take it". So I dropped them and got another plan that will cheaply get me to December 2014.
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Old 10-01-2013, 07:36 AM   #11
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my portion of the premium for my ex-employer provided retiree health insurance went up by 7.7%, the first increase in over two years.
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Old 10-01-2013, 08:12 AM   #12
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OP - Why don't you update this thread to show what prices are available on your exchange once the prices are available in a couple of weeks. Since you sound happy to stay away from the exchange I assume your income is too high for you to be eligible for a supplement.
So to get actual rates, I have to apply to for ACA and "I ain't going there...."

Using the Kaiser estimator, the silver plan would be $330/month with a $6350 Deductible. My current plan is about $270/mo with a $2500 deductible...I also have my HSA.

You are correct, I'm happy to stay away from the ACA.
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Old 10-01-2013, 08:20 AM   #13
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Originally Posted by REattempt View Post
So to get actual rates, I have to apply to for ACA and "I ain't going there...."

Using the Kaiser estimator, the silver plan would be $330/month with a $6350 Deductible. My current plan is about $270/mo with a $2500 deductible...I also have my HSA.

You are correct, I'm happy to stay away from the ACA.
I also noted that I assume you are ineligible for a subsidy. Is that correct?
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Old 10-01-2013, 01:02 PM   #14
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My current premium is about $200 a month higher than my subsidized exchange premium for a gold policy. But, my current coverage is also much better with a lower deductible, lower cap on my costs, and lower copays. So it all depends on just how healthy I will be in 2014.
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Old 10-01-2013, 01:10 PM   #15
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So to get actual rates, I have to apply to for ACA and "I ain't going there...."

Using the Kaiser estimator, the silver plan would be $330/month with a $6350 Deductible. My current plan is about $270/mo with a $2500 deductible...I also have my HSA.

You are correct, I'm happy to stay away from the ACA.
Common sense says that you will be able to get quotes without committing to signing up on the exchanges. You may have to give info to get quotes but I would think that you wouldn't be compelled to actually sign up for coverage.
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