Every year I seem to receive a notice that my health insurance premiums are going up. While this doesn't surprise me, the amount that it increases does shock me. Upon my next renewal, my quarterly payment will go up about $200. I am now paying more than twice what I originally paid when I first bought this policy about seven years ago, and I've even cut back on benefits significantly over the years. In seven years time, I'm paying more than double and receiving less coverage.
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Edited by Quicken Kathryn at 05/17/2006 9:09 AM
Every year I seem to receive a notice that my health
insurance premiums are going up. While this doesn't
surprise me, the amount that it increases does shock
me. Upon my next renewal, my quarterly payment will
go up about $200. I am now paying more than twice
what I originally paid when I first bought this
policy about seven years ago, and I've even cut back
on benefits significantly over the years. In seven
years time, I'm paying more than double and receiving
less coverage.
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Edited by Quicken Kathryn at 05/17/2006 9:09 AM
Unfortunately, your experience pretty much matches my experience and follows the trend of health care insurance.
Over an eight year period, coverage for my wife and me pretty much doubled. When I hit Medicare about one year ago, the premium for my wife (alone) was slightly more than the initial premium for both of us. Unfortunately, you have a lot of company concerning health care costs. :-(
