I'm collecting examples to illustrate just how much Corporate is raising employee healthcare insurance premiums and out-of-pocket expenses for 2014. In your replies, please provide as much of the following as possible.
- Your current insurance premium deduction per month
- How many people does your plan cover?
- Approximately how much have you spent so far this year on co-pays and other expenditures not covered by your plan?
- Your total household income
- Your expected premium deduction per month
- How many people will your plan cover?
- About how much do you expect to spend on care not covered by the new 2014 plan? (Note the new deductibles outlined below.)
- Your anticipated total household income
Here are the new monthly premiums for 2014:
- Employee only -- $90
- Plus spouse -- $436
- Plus child(ren) -- $392
- Family -- $575
In another big change, co-pays disappear. But employees must now first meet large deductibles before insurance benefits kick in. For employee-only plans, it's $1,500. For family plans: $3,000. After that, the plan pays 80% and the employee, 20%.
Also, the employee-only maximum out-of-pocket cost per year will be $5,000. For families, it will be $10,000 per year.
Related: Here's the company's FAQ about the new plans. And here's a document showing examples of how the plan will work for individuals and families. They are stored on Google Docs, where you can download copies anonymously at no cost.
Please post your replies in the comments section, below. To e-mail confidentially, write jimhopkins[at]gmail[dot.com]; see Tipsters Anonymous Policy in the green rail, upper right.