2016 Health Insurance Premiums
Those of us in the private health insurance market in Minnesota are being socked with 40-50% increases in premiums eff 1-1-16. I may have to put the RV up on blocks and park it in the driveway. I have...
Forum Discussion
I'm on the Bronze Plan - 80%. The increase in MN in the individual market has everything to do with ACA. Insurance companies can increase rates based upon the cost of care within different groups of people. (Group vs Individual). Costs for the individual group have gone way up due to the fact that anyone can now get individual coverage (no pre-existing condition limitations). Prior to ACA, those who couldn't get coverage through the private market were either uninsured or in the state pool (Minnesota Comprehensive Plan which no longer exists). Now facing costs of $10,000 per year (health insurance and deductible), I may have to sell the RV and stay home. The overall effect on my household budget is devastating. I don't earn a dime on my savings and can't magically raise my earned income to keep pace with these increases.
