ACA INSURANCE IN NY - crazy expensive

[mistysue]

Honestly OP, I do feel for you but those prices are AMAZING! We've been paying close to $700/month with the employer paying even more and this year I was excited that ours went down to $300/month with adding a much higher deductible than yours. It's been "normal" for us to spend 10-15% of our income on just insurance and medical expenses many years. The one family I know with a 50K income on the Michigan exchange is paying about $900/month for their policy. As frustrating as it is you might want to be grateful you are in NY and not some other states. I completely understand your need to vent though, it sucks to have to pay but if anybody gets really sick you will be glad you did.

Employers pay for all unemployment with Federal and State unemployment taxes. The employees do not pay into the system at all. Payroll taxes only go toward Social Security and Medicare.

That varies by state- some states individuals actually pay for it like any insurance.

 

[Colleen27]

again its not the amount we pay but more about the amount we are paying compared to the income we are making....

It is still better than a lot of people are doing right now, and much better than you'd have done pre-ACA. We routinely expected to spend 25% or more of DH's income on health care before the ACA, now it is more like 10%.

Any increase in costs stinks when you're dealing with diminished income but objectively those prices aren't terrible for a family health insurance plan.

 

[DebbieB]

I'm paying $170 a month for single through my employer, a fortune 500 company. With a $550 deductible and 10% coinsurance plus copays for doctor visits.

A friend of mine recently retired from the company, she's paying $500 a month for single with higher deductibles.

 

[angwill]

So we have been on it since the summer- husband lost job. I called to add an addl $10,000 of income from unemployment - so it brought us to about 50,000 for a hpusehold of 4 - the monthly payment went up about 200 a month and the deductible went from 500 to 1700 and co pays doubled - that's crazy -now I see y sometimes it's not worth earning more money...

Consider yourself blessed in IL the cheapest ACA plan for 2 people is $586 per month with a $12,700 total deductible, $6000 per person. So in order to have insurance pay anything for us it will cost $19,732 with payments and deductible. We can almost buy a new car each year for that. Even if the government subsidizes a low income person the entire monthly payment what low income person has $12,700 or a spare $1538 per month for healthcare?

 

[Mickeyluver37]

Honestly OP, I do feel for you but those prices are AMAZING! We've been paying close to $700/month with the employer paying even more and this year I was excited that ours went down to $300/month with adding a much higher deductible than yours. It's been "normal" for us to spend 10-15% of our income on just insurance and medical expenses many years. The one family I know with a 50K income on the Michigan exchange is paying about $900/month for their policy. As frustrating as it is you might want to be grateful you are in NY and not some other states. I completely understand your need to vent though, it sucks to have to pay but if anybody gets really sick you will be glad you did.


That varies by state- some states individuals actually pay for it like any insurance.

I think that OP isn't getting a ton of sympathy because there are so many people who pay as much as they do, WITH employer coverage, and it's not contingent on income at all. 50K is not a terrible income. Our employer health care cost $90/week for a family, with a $2,500 deductible, so if you want to fund the HSA, you are taking even more out of your paycheck each week. I know single parents who make 50K or less and are still paying that full amount. I agree that it's not an easy bill to swallow, but it's not out of the ordinary.

Also, I am not aware of ANY states where the employee pays FUTA or SUTA. This is an employer cost only. A handful of states do have mandatory disability, though.

 

[crisi]

There is no way to get around health insurance being expensive in the U.S. - its either hidden from you by your employer paying it, hidden from you in taxes (if we subsidize it or - dare I say - move to a socialized system), or you see the cost, and its a lot. But if you get cancer and you want $10,000 rounds of chemo - someone needs to pay for it.

There are systemic things that can be done - our privatized system has a lot of expensive overhead, for instance - but they aren't going to be done without a huge change to the way we see government regulation. In the meantime, some of the transparency the ACA has created SEEMS to be helping - at least consumers have some information now - though not nearly enough to be able to really make the sorts of decisions that would make health care a competitive marketplace.

 

[mistysue]

Also, I am not aware of ANY states where the employee pays FUTA or SUTA. This is an employer cost only. A handful of states do have mandatory disability, though.

That might be what it is then. I have always been in the same state but my brother moved and had commented that now disability was state mandated to come out of his checks. I know it created some confusion when he was unemployed and had past employers in multiple states.

 

[ilovemk76]

the monthly premium was 159.00 month - 500.00 deductible now it is
289.00 month $1700 deductible

289.00 x 12 = $3468.00 PLUS i have to reach our deductible of $1700 before we get covered for anything....so

3468.00 + 1700 = $5168.00 this is for the add'l 10,000 of income compared to

1908.00 + 500 = $2408.00

so $2760 difference....

Plus the 10,000 unemployment needs to be taxed - i'm just saying that i think its pretty expensive for a family of 4

We are a family of two. $2500 deductible and it is $4400 a quarter or $17600 a year. We pay 5 times what your family of 4 does and we do not make 5 times what you estimated.

We are also only allowed to write off the amount that exceeds 10% of our AGI.

 

[ilovemk76]

I am not complaining rather stating that this amount is high to pay at the income level we have at this time.

You are choosing to stay on Li and getting a full time job for yourself. Your reason maybe sound but it is still a choice.

 

[smiths02]

My health benefits are from the state government. Salary level doesn't change what we have to pay. I was cut from 100% to 50% but still pay the same for benefits.

The cheapest option for a family is $225/month on a High Deductible Plan. You have to meet a deductible of $7000 before you can get any coverage (except preventative...and even after your $7000, the coverage isn't that great). So you are looking at up to $9700 for a family BEFORE coverage really sets in.