<p>We own a business. We have 2 full time employees. We were just informed that our medical insurance plan is going up to $40,000/yr!!! That’s the cost for our one family plan and doesn’t even include the cost of what we will have to pay for our 2 employees. Thanks Obamacare! You screwed us.</p>
<p>How the heck can the same plan we have now go from $24,000 to $40,000 in one year?</p>
<p>Oh! This isn’t even a cadillac plan (as Obama puts it). We pay $40 copays for office visits.</p>
<p>Wow. Time to find another insurance.</p>
<p>We’ve looked. They’re all between $32,000 and $42,000. We have to cross off at least 2 other options because Stony Brook Hospital doesn’t even take them. There is one high deductible plan for $22,000/yr for just our family plan portion, but we would be out of pocket personally for a $11,500 yearly deductible.
Ridiculous!</p>
<p>I thought Obamacare only impacted employers with 50 employees. How does Obamacare set the rate your insurer charges?</p>
<p>That is crazy! Have you gone online to compare what it would be in other states? Is it s NY thing or across the nation at your ages & plans?</p>
<p>That’s amazing. Can you get access to a trade organization or other group plan?</p>
<p>So, it’s going from 24 to 40 after adding two people? Seems reasonable. You’re just going to have to find a way to make up the difference.</p>
<p>We don’t have to pay for health insurance for our 2 full time employees, but my husband is a great boss and has paid for their insurance for a few years now. He does not want to yank it from them.</p>
<p>I mentioned Obamacare because I was under the impression that the thought of Obamacare in the near future is pushing the medical insurance company’s to skyrocket their prices.</p>
<p>We are stuck. We can have our business suck it up or we can go for the cheaper high deductible plan which would make us and employees personally come up with the $5500/person or $11,500/family deductible before the insurance kicks in. We know that our employees can’t come up with that kind of money.</p>
<p>hellojan—NO! We currently pay around $24,000/yr. for our one family plan and 2 single plans for our employees. This same plan for all of us will increase to $40,000!</p>
<p>*this corrects the info in my first post.</p>
<p>I’ve found that individual policies are cheaper than group rate for my small business. Do you have a group with a lot of claims? The other poster is right about obamacare and size of company. Sounds like the problem is with the insurance company. Our rates have decreased by shopping.</p>
<p>Did NY State Insurance Department okay the rate increase?</p>
<p>“If you like your plan, you get to keep it”…sure, but you didn’t tell us it would cost 50% more…what a disaster</p>
<p>tom, they must have Okayed it because we have the quotes right in front of us.</p>
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<p>are you really asking this?..they have to up prices to cover all the newbies…no way around it…BC/BS sent a letter out explaining the increases for next year…they specifically blame obamacare</p>
<p>It really has nothing to do with Obamacare. Blame the middle men (insurance companies) who use any and all excuses to price gouge. I’ve had to buy outrageously priced high-deductible individual plans that go up 10-15% a year for the past 15 years.</p>
<p>ohio, maybe it has to do with being in NYS. Everything here is more expensive.</p>
<p>We can go cheap for about $22,000/yr for our family plan and 2 employees, but that would leave the employees responsible for the $5500/individual/yr deductible before insurance kicks in and our family would be responsible for coming up with $11,500/yr. before insurance kicks in (heck of a lot of money to put us to take of our personal pocket per year). We know our employees can’t afford such a high deductible and we don’t want to put them in that position.</p>
<p>I’m terrified when our rates get set next November. We’re under 50 employees, but choose to cover our employees. It’s going up because they mandated coverage til 26 and no pre-existing conditions. Someone has to pay for that.</p>
<p>Pretty much the only acceptable plan under Obamacare is mandated to cost 20k per family per year. And just wait til the employees see they’ll be taxed on it too.</p>
<p>The freebies have all been handed out, now it’s time to pay the piper.</p>
<p>snowdog…my increases for self pay family plan have been modest over the years…5% or so…next year 50%…it’s because of obamacare. Preferred rates have been discontinued, the healthy will subsidize everyone else.</p>
<p>^eyemamom: So you understand. We are in a bit of a shock. An increase from $24,000 to $40,000 from our current cost to our new cost which I think starts in Aug. (I have to double check the date, but it’s coming up fast). Remember now, this $40,000/yr cost is only for one family plan (us) and 2 single plans for our 2 full time employees.</p>
<p>Now I understand why it’s so hard for many to find full time work. With the skyrocketing cost of medical insurance, how the heck can businesses afford to offer medical insurance to their employees without going broke?</p>
<p>I have worked with small businesses for over 30 years and the cost of insurance and rate hikes have been a common complaint every one of those years. I have heard horror stories about these small businesses being forced to drop coverage as far back as 1982. To blame this on Obamacare like it has not been an issue before is clouding the issue. By the way I am not a fan of Obamacare and would like to see Medicare for all with the ability for purchase of Medi-gap policies if you want them.
I think employers should be removed from the insurance market.</p>