I’m shocked actually. Been with this company I work for 15 years now, and Annual Enrollment is always in October and every year without fail, my health insurance premium, paid weekly, has gone up. In the beginning it was reasonable but during the Obama years it was absolutely skyrocketing.

I log in today to compare the cost for the plan I have now and planned to stick with for 2019, and find out the cost will be 22 PERCENT LOWER for me for the exact same coverage!

This has got to be a Trump effect for sure, I’ve never seen my costs decrease from the current year into the next!

#MAGA

KAG!

I'll give Trump all the credit I can, but you may want to look at the fine print...

Are the deductibles/copays/out of pocket the same as current?

Did the insured pool have less $$$ in claims over the last couple of years, and a resulting surplus?

Some bean counter is telling your company what the rates should be, based on lots of things. Having been involved in...begging...my city to provide better rates for comparable plans for the last couple of years, I'm sure your company didn't do it out of the kindness of their hearts.

We get our coverage from my wife’s employer.
We got the letter saying hey your premiums are staying the same as last year. Still waiting to see how they are jacking up deductibles, copays, and cutting coverage.
Also I am betting the still won’t be offering a HSA.

quote:

Originally posted by chongosuerte:
I'll give Trump all the credit I can, but you may want to look at the fine print...

Are the deductibles/copays/out of pocket the same as current?

Same exact plan.

quote:

I'll give Trump all the credit I can, but you may want to look at the fine print...

Are the deductibles/copays/out of pocket the same as current?

Did the insured pool have less $$$ in claims over the last couple of years, and a resulting surplus?

Some bean counter is telling your company what the rates should be, based on lots of things. Having been involved in...begging...my city to provide better rates for comparable plans for the last couple of years, I'm sure your company didn't do it out of the kindness of their hearts.

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These are good points to consider. It is possible claims experience resulted in a lower rate. One way Health Insurance companies save money is by restricting the doctors in your network. At one time, a local HMO would have only one primary care doctor taking new patients and his office was a hundred miles away. The latest is VALUE networks. Cost less but need approval for every procedure and a very limited choice of physician.

Sometimes a cigar is just a cigar, and sometimes good news is really good news. Great for you, man.

We were told just the opposite by my company.

Our HR sent us an email last week saying expect a rate increase as we as a pool used too much insurance last year

Nevermind the fact that they won't shop around because the company they use is owned by a relative of the HR person... Nepotism at its finest.

Fortunately for me my wife's company offers a better HSA plan we use, and I only use my company's dependent care flex.

Did I mention my wife's company is smaller yet manages to offer more and better plans because they shop around.

We need to open up access to HSAs just like IRAs; obviously it's not for everyone but would help with reducing medical costs - paying for it using your HSA = looking for a better deal & no insurance involved, money is yours, leftover money rolls over every year, part of your HSA can be invested in Mutual Funds.

The Trump effect missed us. I found out Monday that our rates are increasing by 8% and some co-pays are increasing.