> Sorry for the cost. I am curious: Is that an employer-provided plan or
> exchange-provided? The former isn't ACA (although must be, at minimum, ACA
> compliant), the latter is ACA.
Employer-provided. The package is so bad that the VP of HR got canned
last year as a result. Unfortunately, the new VP didn't fix it and
it's even worse. And for 2017, we made some adjustments to our own
selection, so family deductible is $12,000 before insurance kicks in a
dime.
So, I just looked at my benefits information. As 2016 isn't complete
yet, I have to bop back to 2015 as a guide. The employer portion for
health and wellness was $14,651. My contribution was $4325. For 2016,
my contribution has increased to $6561. So, JUST for insurance, this
family of four is paying over $20,000 (yes, it's part of my pay
package so I'm paying for it). Our out-of-pocket, so far is almost
$5000 and not a dime of insurance has been paid yet, as we haven't
even hit a deductable.
I was careful not to count the HSA dollars in there as that's factored
into the out-of-pocket side of things.
So, yes, 2016 is on target to being a $25,000 medical cost year and
insurance hasn't paid one single dime. And we've been pretty healthy.
I'm not feeling too kindly at this moment. That congress made a big
deal out of some female college student who wanted free birth control
pills makes me a bit angry when I see how much I'm paying and getting
nothing. The only way to look at this is that we have catastrophic
coverage and that's it.
AG
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