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Just wondering if it is me or if this is happening to everyone.
About ten years ago, I was working for a huge aerospace company (they're in the Dow) and my family and I got 100% PPO for zero out of paycheck, and about maybe $600 deductible and maybe $15 copay.
A couple years later it went to about $1300 annual premium, everything else the same.
I changed jobs to another huge aerospace company and two years ago I was paying $6000/per year for a 90% PPO and everything else (deductibles, copays) was about the same as above.
So, while this isn't apples to apples (two different companies), it sure seems like a huge difference by similar companies.
Most people out there paying a LOT more for employer health insurance?
Location: Stuck on the East Coast, hoping to head West
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Oh yeah. 10-15 years ago, I paid roughly $100/month for a PPO (I worked for insurance companies). Now I pay $5,000/year for a high deductible plan. In addition to the premiums, I pay several thousand a year in deductibles. We are healthy and don't have any chronic diseases, either. Case in point: 5 of us were struck by bad sinus infections a few weeks ago. We each went to the doctor for meds. This cost me about $1000 out of pocket. And it's only April.
I imagine it would be a tiny (if at all) % of people who have not had an increase. Let's face it, healthcare costs have gone through the roof. Not many employers are going to pick up 100% of that increase every year.
We started paying last year. Newer employees have been paying for about the past ten years, but we long-term employees were grandfathered in.
In order to ease the burden, they are phasing our payments in over four years, so next month I will start paying double what I paid last year, plus there was a 17% increase in the cost of the premium that we have to absorb. Next year it will double again, plus any increase in cost of premium, and the year after that we will reach the point where we are paying the rate the new employees pay.
I've no idea, I've changed jobs several times over the past 10 years so I've lost track. I do remember that one employer went to an HSA system a few years ago and it pushed everyone's premiums into the stratosphere.
I don't recall what my premiums were 10 years ago, but 5 years ago I was paying around $400/year. I'm currently paying close to $1,000/year. It's an increase, but it's pretty reasonable especially when I compare it to what others are paying. I feel quite fortunate.
I've seem a similar increase in my co-pay over the past 5 years, I think it's gone from $15 to $30. Likewise, small increases in
Oh, and this is just for me; I don't cover anyone else on my plan.
Every employer seems to be dealing with the same thing. My employer says they've been going up nearly 10% every year now for at least 10 years. He just switched to a cheaper option that seems pretty decent because of it.
Two jobs ago, health insurance was provided 100% by employer. Last place, about $80 was taken out of my paycheck a month. With the current job, I pay nothing.
Quote:
Originally Posted by Charles
My doctor just got a new yacht.
Certainly not because of the rising premiums. In fact, many doctors are seeing margins decrease in this environment. Many of those who work for, or own private practices are begging to get back into a hospital for the security.
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