Re: 40% increase in Health Insurance Premium

On Wed, 14 Dec 2005 12:35:23 -0800, rvfulltime
<rvfulltime@xxxxxxxxxxxxxxxxx> wrote:

>We're pretty much full timers, with a 4 month stay at our rental condo
>in San Diego. SD is our legal residency.
>
>We just got our new premium notice for our health insurance. This
>is a $5000 deductable policy and 20% copay for the next $5000.
>My wife and I are 51 and 50. The premium is going up 40% next
>year. The current premium is about $2900 for a year. The new
>premiums is over $4000.
>
>It feels like someone hit us in the stomach.
>
>Two interesting facts. I went to the insurance company's web site
>and it looks like they don't sell our policy, Celtic Care. They do
>sell one called Celtic Care II where the premium would be about
>$200 less than our current premium, even though we're one year
>older. Looks like I'll have to give them a call about this.
>
>Second fact. Same web site, but now using a Livingston, TX
>zip code (Escapees home town). The premium for what appears
>to be the same policy (there are probably some differences) is
>80% higher. WOW!
>
>This is not a good time of year to have to find a new health
>insurance policy. I suppose we could go naked.... And that
>is under consideration.

have you shopped group coverage like AARP? i wonder if their group
rates are less. i don't like their politics but might consider going
with them for health insurance if the price and coverage is right.

i retired at 55 last august and since i was a municipal employee by
state law my employer must allow me to stay in the group as long as i
pay the premium. this is an individual policy from blue cross/blue
shield (illinois) HMO that costs me nearly $4800 a year. once my wife
retires next year we'll re-evaluate our insurance coverage. she has
her own bcbs policy with her employer (state govt). we'll be able to
see which is less expensive to keep or if we need to go shopping.

73,
rich, n9dko
.

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