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The PPACA Implementation Phase II - Love it or Lose it!

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Re: The PPACA Implementation Phase II - Love it or Lose it!

Count me in the group of people who can't keep their plan.

Ill be paying $480 more per year to have a $1000 lower deductible than I previously had.

So Obama did lie after all!
 
ericredaxe said:
Count me in the group of people who can't keep their plan.

Ill be paying $480 more per year to have a $1000 lower deductible than I previously had.

So Obama did lie after all!
Click to expand...

WHOA THERE!!!

Rover and priceless couldn't have been wrong?!? Could they!?!?
 
Re: The PPACA Implementation Phase II - Love it or Lose it!

mookie1995 said:
WHOA THERE!!!

Rover and priceless couldn't have been wrong?!? Could they!?!?
Click to expand...



The way I read ericredaxe's comment, he's paying $480 more for a premium but he'll pay $1,000 less to meet his full deductible which would net a $520 savings but I'll let him clarify. ;)
 
Re: The PPACA Implementation Phase II - Love it or Lose it!

Rover said:
The way I read ericredaxe's comment, he's paying $480 more for a premium but he'll pay $1,000 less to meet his full deductible which would net a $520 savings but I'll let him clarify. ;)
Click to expand...

Only becomes savings if medical appointments are necessary. I have a wife and two sons and the only visits this year to the doctor were for routine/preventative annual visits, that are covered except for $25 copay. I have not had any expenses this year for medical that would have required payment that is used towards deductible.

If no unexpected medical issues arise, and costs are incured that need to be applied to the deductible, he would not be saving a penny.
 
Rover said:
The way I read ericredaxe's comment, he's paying $480 more for a premium but he'll pay $1,000 less to meet his full deductible which would net a $520 savings but I'll let him clarify. ;)
Click to expand...

That would assume my family required that much in medical services.

Family deductible was $6000, now it will be $5000. In the past several years we have never come close to $6000 in medical expenses, so unless we have a significant change in out medical needs we will simply be paying $480 more for the same services.

If you were asked to bet $480 to win $1000, but your odds of winning were only 1 in 20, not many people would take that bet.

I liked my plan a lot, but we are not able to keep it because of the new law.
 
True Blue Fan said:
Only becomes savings if medical appointments are necessary. I have a wife and two sons and the only visits this year to the doctor were for routine/preventative annual visits, that are covered except for $25 copay. I have not had any expenses this year for medical that would have required payment that is used towards deductible.

If no unexpected medical issues arise, and costs are incured that need to be applied to the deductible, he would not be saving a penny.
Click to expand...

What he said!
 
ericredaxe said:
If you were asked to bet $480 to win $1000, but your odds of winning were only 1 in 20, not many people would take that bet.

I liked my plan a lot, but we are not able to keep it because of the new law.
Click to expand...

What else changed? Did your former plan cover everything over the deductible or only most of it? What about the new plan? Does the new plan cover the same things or more? Co-pays the same? Out of pocket maxes?
 
Re: The PPACA Implementation Phase II - Love it or Lose it!

True Blue Fan said:
Only becomes savings if medical appointments are necessary. I have a wife and two sons and the only visits this year to the doctor were for routine/preventative annual visits, that are covered except for $25 copay. I have not had any expenses this year for medical that would have required payment that is used towards deductible.

If no unexpected medical issues arise, and costs are incured that need to be applied to the deductible, he would not be saving a penny.
Click to expand...



This is great for you and your family and its nice that 4 people aren't incurring any extra expense above co-pays. However, I wonder how much of that is reality for most people. Hell, a trip to the dentist for a filling ends up costing money even after insurance.

But for ericredaxe's situation, most likely he would have been paying more next year anyway on his premium becuase costs go up every year anyway. Therefore, the $480 increase because of Obamacare is a debatable assumption. Long before the O came into office, premiums were already going up hundreds of dollars (or more) a year.
 
Re: The PPACA Implementation Phase II - Love it or Lose it!

Rover said:
This is great for you and your family and its nice that 4 people aren't incurring any extra expense above co-pays. However, I wonder how much of that is reality for most people. Hell, a trip to the dentist for a filling ends up costing money even after insurance.

But for ericredaxe's situation, most likely he would have been paying more next year anyway on his premium becuase costs go up every year anyway. Therefore, the $480 increase because of Obamacare is a debatable assumption. Long before the O came into office, premiums were already going up hundreds of dollars (or more) a year.
Click to expand...

My dental insurance covers two cleanings per year with no co pay at all. That is a broad statement regarding premium increases, my insurance premiums through my work have not increased in the last 3 years and the increase 4 years ago was negligible, less than $100 for the year.
 
unofan said:
What else changed? Did your former plan cover everything over the deductible or only most of it? What about the new plan? Does the new plan cover the same things or more? Co-pays the same? Out of pocket maxes?
Click to expand...

Co pays the same, out of pocket maxes the same. All the same other than the deductible as far as I can tell unless I'm missing something hidden.
 
Rover said:
This is great for you and your family and its nice that 4 people aren't incurring any extra expense above co-pays. However, I wonder how much of that is reality for most people. Hell, a trip to the dentist for a filling ends up costing money even after insurance.

But for ericredaxe's situation, most likely he would have been paying more next year anyway on his premium becuase costs go up every year anyway. Therefore, the $480 increase because of Obamacare is a debatable assumption. Long before the O came into office, premiums were already going up hundreds of dollars (or more) a year.
Click to expand...

I agree that prices have gone up a little bit each year... But not $480.

Ultimately this is a minor change and not a huge deal, other than it illustrates that "if you like your plan you can keep it" proved to be untrue.

Given the choice, I would pick the higher deductible for a lower monthly premium.
 
Rover said:
This is great for you and your family and its nice that 4 people aren't incurring any extra expense above co-pays. However, I wonder how much of that is reality for most people. Hell, a trip to the dentist for a filling ends up costing money even after insurance.
.
Click to expand...

We have had some expenses after the co pay, but never near $6000 or even $5000 worth.

Ultimately the choice for a lower premium and higher deductible has been the right one for us.
 
Re: The PPACA Implementation Phase II - Love it or Lose it!

True Blue Fan said:
My dental insurance covers two cleanings per year with no co pay at all. That is a broad statement regarding premium increases, my insurance premiums through my work have not increased in the last 3 years and the increase 4 years ago was negligible, less than $100 for the year.
Click to expand...

And again I'll come back to it and say that's great for you, but I don't think that's reality for most people. Health care costs are going up on average 3-4% a year. It stands to reason that premiums will as well (or dedictibles would be increased) unless your employer has chosen to eat the cost increases or has found increased efficiencies every year. What you're saying is you have zero extra trips to the doctor between yourself, a wife, and two kids and have had zero premium increases over that time. That's a nice situation to be in but I suspect a rare one.

Getting back to daxe's point, lets break it down. $480 a year higher premium. If he's in Mass, but not knowing who he's covering, lets say he's paying 6K or so a year for his insurance. Applying the 3-4% typical cost increase, he'd be paying half that $480 anyway regardless of the ACA. So, a $240 increase, or 20 bucks a month for presumably better insurance (no annual limit of something really bad happens, lower deductible, etc).

As I often say to conservative whiners, if 20 bucks extra a month is the biggest problem you have in life, consider yourself lucky. ;)
 
Rover said:
And again I'll come back to it and say that's great for you, but I don't think that's reality for most people. Health care costs are going up on average 3-4% a year. It stands to reason that premiums will as well (or dedictibles would be increased) unless your employer has chosen to eat the cost increases or has found increased efficiencies every year. What you're saying is you have zero extra trips to the doctor between yourself, a wife, and two kids and have had zero premium increases over that time. That's a nice situation to be in but I suspect a rare one.

Getting back to daxe's point, lets break it down. $480 a year higher premium. If he's in Mass, but not knowing who he's covering, lets say he's paying 6K or so a year for his insurance. Applying the 3-4% typical cost increase, he'd be paying half that $480 anyway regardless of the ACA. So, a $240 increase, or 20 bucks a month for presumably better insurance (no annual limit of something really bad happens, lower deductible, etc).

As I often say to conservative whiners, if 20 bucks extra a month is the biggest problem you have in life, consider yourself lucky. ;)
Click to expand...

My takeaway: Rover claims that Obamacare doubles rate of health care cost increases.
 
Re: The PPACA Implementation Phase II - Love it or Lose it!

My health care costs went down this year. Probably because I started working for a health insurance company. :D
 
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