Reply to I feel sick looking at the cost of healthcare for my family

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How small is your company? Companies with less than 50 lives insured are now based on age. I don't work in a org that small, but have been reviewing plans for small organizations and I was shocked at how expensive it was. For example, in a company of less than 10 employees, the total cost for a family of 5 (with the adults in their late 40s) cost $2500. A comparable plan in my 200 person company total cost is $1200 per month.[/quote]

My company used to be that size, and now we are larger, yet the premium prices have increased, not decreased. I don't understand it. I also don't understand why the size of my company should affect what I pay for health insurance. [/quote]

?? The less lives on the plan the less people there are to spread risk to. That standard existed before the ACA. With the ACA, companies with less than 50 people now pay their premiums based on employee age if the company is fully insured. So if you are younger, you are going to pay less.

In terms of your costs going up even though the company has grown, healthcare has become exponentially more expensive over the last 10 years. Additionally, if there has been a rise in catastrophic claims, your premiums can skyrocket. Many companies, like the OP, are also no longer subsidizing coverage for dependents. There are a lot of factors that account for insurance increases.

The PP who mentioned the high deductible plan is on the right track. I personally think this is how insurance will end up. It's back to the old indemnity plans.

Op, have you spent any time pricing plans on the marketplace? You might find a better plan there.[/quote]

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