My health insurance premium is going up 10.5% - too much? I am with Blue Shield in Ca
I have a Gold PPO policy through Covered California (not eligible for subsidy) with Blue Shield. My current premium is $1,226.26 per month for both of us. I received a notification today that my 2015 premium will be $1,350.74, an increase of 10.5%.
So far this year I have paid $2,046.48 in copay (no deductible - max OOP is $6,350), the insurance company has paid out $7,609.42. This is all mine, my wife has not utilized her benefits this year.
I am wondering if the 10.5% increase is because Blue Shield has paid out $7,609.42 or if this 10.5% is across the board.
I bought the Gold PPO policy to make sure that I have the largest physician and hospital networks possible.
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