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Adding another anecdotal Washington state data point, my private individual health insurance plan (Regence Evolve HSA) with a premium of $149/month will no long
by lightstrike72 13y ago
Adding another anecdotal Washington state data point, my private individual health insurance plan (Regence Evolve HSA) with a premium of $149/month will no longer be available come January. The plan most similar to my current one is $252/month (Regence Direct Silver), which is a pretty massive increase. As a healthy, single 25-year old though, I knew some version of this was coming.
- r00fus 13y agoAre these two plans equivalent? What are the deductibles involved? What's your copay? Some of this is because ACA prevents unreasonably high deductible, unless you get "catastrophic" coverage. It was quite possible that your plan was a "catastrophic" plan. You might be able to get a similar catastrophic plan via state exchanges, I know that it varies state to state.
- lightstrike72 13y agoDefinitely have a catastrophic plan and the new options are essentially the same as well. Here are some more details: Old plan: Regence Evolve HSA Plan - Premium: $149, Deductible: $3,500, Coinsurance: 20%, Out-of-pocket max: $5,000 New plan: Regence Direct Silver - Premium: $252, Deductible: $3,000, Coinsurance: 20%, Out-of-pocket max: $4,900 I would lose the HSA benefits from the new plan, which I could keep if I wanted to accept significantly worse terms (with a premium increase of only 33%!): Regence Direct Bronze HSA - Premium: $198, Deductible: $5,000, Coinsurance: 30%, Out-of-pocket max: $6,250 I don't see how I can come out ahead on this one, once I was able to finally get quotes on the exchange, no other plan was comparable in terms of value and cost. :(