Need Obamacare alternative? Just saw my new rates….
Well, the fun has begun for health insurance this year.
We have to drop our existing BC/BS plan with a $10,000 deductible that we were paying $1000/mo for (I think we may have had a few hundred dollars in medical expenses last year….but I digress). So, in researching all of our individual options and I found a BC/BS plan that looks like what we have now only it will cost $1500/mo for my family with a $14,700 deductible. The other carriers in the area are a mishmash names that I have (mostly) never heard of…which is an issue since I have been working in this industry for 17 years. Isn’t that great?
In the last two days, I have spoken with:
“James” and his wife have two kids and have just learned that their new premium will be $1600/mo. Being larger than his house note, “James”, who is self-employed, is fed up and looking for an alternative plan that makes more sense.
“Susan” and her husband have just been informed that their option for COBRA (husband recently left his job to start own business) is going to cost $2200/mo! “Susan”, like “James” is looking for another alternative.
For the first time in my adult life, I am looking at alternatives too. It seems that eventually you reach a point where you just have to question the value of what you are buying. If I pay $1500/mo, I will be paying $18,000 annually and still have to satisfy a large deductible before ONE PENNY will be paid by BC/BS!
One of my agents attended a training for the ACA enrollment season and she told me that after the new rates were rolled out, the clinician said “Good luck everyone….you’re gonna need it”.
Luckily there are some decent alternatives out there that will kick in quicker and better fit your budget. If you are interested in hearing about them, please call me direct at 281-451-0194 or 281-894-7540.
Justin White CLU®