REWahoo
Give me a museum and I'll fill it. (Picasso) Give
DW has health insurance coverage through our state high risk pool. The pool charges 2X the market rate and adjusts premiums every six months. Over the three+ years she's had coverage, rates have increased been between 2% and 7% each time they were bumped - until now.
The program offers four basic polices with deductibles of $1,000, $2,500, $5,000 and $7,500. The latest announced increase moves rates up 10% except for the $7,500 deductible which is unchanged. (In case you are wondering, the new monthly premium for a non-smoking female over 60 is $1,130, $812, $623, and $496 respectively.)
This is obviously an attempt at encouraging pool participants to choose the highest deductible offered. I wonder if this was influenced by the new health care legislation or is simply an attempt to control program costs?
The program offers four basic polices with deductibles of $1,000, $2,500, $5,000 and $7,500. The latest announced increase moves rates up 10% except for the $7,500 deductible which is unchanged. (In case you are wondering, the new monthly premium for a non-smoking female over 60 is $1,130, $812, $623, and $496 respectively.)
This is obviously an attempt at encouraging pool participants to choose the highest deductible offered. I wonder if this was influenced by the new health care legislation or is simply an attempt to control program costs?