Author Topic: Need help shopping for health ins.  (Read 3216 times)

KBecks2

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Need help shopping for health ins.
« on: November 12, 2014, 06:54:54 AM »
Hi friends,

My husband works for a small company, things are changing w health ins and he has asked me to look around at policies we could get on our own.

I don't know much about shopping for health ins.  Do you have any advice or recommended providers?  We live in Wisconsin.  Thanks!

ltt

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Re: Need help shopping for health ins.
« Reply #1 on: November 12, 2014, 07:59:14 AM »
Are you going onto the government website which now has all the options and prices upfront?  It does ask how many people are in your family, ages of my husband and myself, and what county and state you live in.

I was absolutely floored by the high prices, high deductibles, and high out-of-pocket maximums for 6 of us.

It will give you plenty of plans to choose from.

www.healthcare.gov



Workinghard

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Re: Need help shopping for health ins.
« Reply #2 on: November 12, 2014, 04:54:22 PM »
I checked out the prices for us, unbelievable! My husband will work until he's eligible for Medicare. At that point I think I'll go with one of those cost sharing ministries like Samaritan since I'm healthy and don't go to doctors.


Are you going onto the government website which now has all the options and prices upfront?  It does ask how many people are in your family, ages of my husband and myself, and what county and state you live in.

I was absolutely floored by the high prices, high deductibles, and high out-of-pocket maximums for 6 of us.

It will give you plenty of plans to choose from.

www.healthcare.gov

ragnathor

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Re: Need help shopping for health ins.
« Reply #3 on: November 12, 2014, 05:12:46 PM »


I was absolutely floored by the high prices, high deductibles, and high out-of-pocket maximums for 6 of us.



I checked out the prices for us, unbelievable!

I'm curious, are these prices high in comparison to what you used to pay? My employer pays the premium for our insurance currently, but I went to the site to take a look and the plans are actually comparable in terms of premium/benefits to the employer's plan. I'm talking $300-$400s range for a married couple in our late 20s.

Workinghard

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Re: Need help shopping for health ins.
« Reply #4 on: November 13, 2014, 02:28:13 AM »
I'd be thrilled with that amount! The government plans for us are 1k+ a month with 12k deductible--over 24k a year. That was putting in 100k income, 2 people. Next year through work, we'll be paying around $200 a month with 1k deductible.

epipenguin

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Re: Need help shopping for health ins.
« Reply #5 on: November 13, 2014, 07:48:12 AM »
Some plans are still not on the exchange, for some reason. Last year I heavily researched the websites of all the insurance companies that service my county, while there were all those healthcare.gov problems, because I wanted to be able to compare the plans and costs. Once the gov site was up and running I noticed that there were several plans I could see on insurance company sites that were NOT on the exchange. I ended up buying off the exchange because one of these plans suited me and was cheaper than any similar plan on the exchange. [Caveat: if you expect to be able to qualify for subsidies at any point in the year, do not buy off the exchange, as you will not be able to claim subsidies for anything purchased off the exchange. But if your income is too high to qualify for subsidies anyway, I don't believe that it matters.]

This year, I expected that all the plans would be on the exchange. Nope. My plan is still not there, and it still seems the best choice for me, so I guess I'll be buying off the exchange for another year. For reference - I am in a Humana plan which is HSA compatible and has a national network. The Humana plans I see on the exchange that are low cost are all very restricted HMO networks. So, I would also check the websites for the insurance companies in your area, as you never know what you'll find.

ltt

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Re: Need help shopping for health ins.
« Reply #6 on: November 16, 2014, 12:06:39 PM »


I was absolutely floored by the high prices, high deductibles, and high out-of-pocket maximums for 6 of us.



I checked out the prices for us, unbelievable!

I'm curious, are these prices high in comparison to what you used to pay? My employer pays the premium for our insurance currently, but I went to the site to take a look and the plans are actually comparable in terms of premium/benefits to the employer's plan. I'm talking $300-$400s range for a married couple in our late 20s.

We are on my husband's insurance through his employer, which is very inexpensive for our portion compared to the health care rates on the government site.  However, I've also seen how much my husband's employer pays out for their portion of our insurance, and it is over $20,000 per year, so probably comparable.  However, the high out-of-pocket rates (some are $12k on the govt. site)--well, I don't know how people can afford that.  My husband has no doubt that we will eventually be forced onto the exchanges.  We're both over 50 with teenage on down children, and one with pretty high medical needs.

ragnathor

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Re: Need help shopping for health ins.
« Reply #7 on: November 16, 2014, 06:54:40 PM »


I was absolutely floored by the high prices, high deductibles, and high out-of-pocket maximums for 6 of us.



I checked out the prices for us, unbelievable!

I'm curious, are these prices high in comparison to what you used to pay? My employer pays the premium for our insurance currently, but I went to the site to take a look and the plans are actually comparable in terms of premium/benefits to the employer's plan. I'm talking $300-$400s range for a married couple in our late 20s.

We are on my husband's insurance through his employer, which is very inexpensive for our portion compared to the health care rates on the government site.  However, I've also seen how much my husband's employer pays out for their portion of our insurance, and it is over $20,000 per year, so probably comparable.  However, the high out-of-pocket rates (some are $12k on the govt. site)--well, I don't know how people can afford that.  My husband has no doubt that we will eventually be forced onto the exchanges.  We're both over 50 with teenage on down children, and one with pretty high medical needs.

This makes sense but I didn't really appreciate this until now. As we get older and have kids I know our healthcare premiums will go up, maybe 5x, but I didn't realize just how high. As I understand premiums can only be based on three factors: age, smoking status, and location. Just taking a look online it looks like for a man who is 63 the premium is 3x that for someone who is 23. Certainly something to keep in mind!

N

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