My family's insurance program might be grandfathered in, but we are facing another rate increase. We increased our deductible, a few years ago, from $5000 (and a rate of almost $400/month) to $10,000 to lower our rates to $283/month.
Well, thanks to the extra expenses of the "Affordable" Care Act, our rates are about to jump by $50/month.
Mind you, we make about $1,500/month, when both of us are getting paychecks. There are four months of the year, when I don't get a paycheck.
I am confident that, sometime within the next couple of years, with the requirements that the insurance companies use 80% of the money coming in on medical expenses for their customers, insurance companies are going to start going under. Which means that our grandfathered plan is probably going to go up, and up, and up...and then fold from unmet business expenses.
"Affordable" Care. Uh-huh. Right. And I'm a best-selling author.
3 hours ago