How does your health insurance look for 2020?

[Ava]

I was pleasantly surprised today.
Health insurance premium will go up 1 dollar biweekly. Dental and vision remain the same as 2019.
We have a high deductible plan which I don't like,but it's great they kept out of pocket and maximum o.o.p. the sane as 2019. For same reason I thought our costs would soar but they did not.
What about yours?

[Deleted]

Health insurance up 1.2% but the company is covering the entire increase so no change for me.  Dental actually is going down, they didn't say by how much.

[TheOtherMe]

Health insurance is increasing $10 per month.  Vision insurance is going down 2 cents per month.

Income will increase by 1.6%.

[msventoux]

I’m lucky that my employer pays health and vision insurance. My health insurance deductible is staying at $2,500. They’re thinking of adding dental insurance as a benefit, but not sure yet. So no change anticipated for my out of pocket costs.

[Tiny]

Healthcare renewal (or whatever it's called) hasn't started yet so no info for me.

I see that the 2020 limits for HSAs has gone up $50 for single: $3550, and $100 for families: $7100. Over 55 catchup remains at $1000.

Looks like 401K contribution limits go up to $19,500 and over 50 catch up is $6,500.

Not sure what the limits will be on traditional and Roth IRAs

[Deleted]

My health insurance premiums are going down in 2020 by $1 or so. This is the 6th year in a row that premiums have decreased, with no decrease in benefits. Actually, the benefits are better than ever.

My deductible is $350/person,  $700 max for a family. I think the max OOP is $6k, but I’m not sure. This will be the first year I’m only insuring myself, as my youngest child aged out just last month. In 2020, I will pay ~128/month for my health insurance. I’ve been paying ~$290/month the last couple of years to insure myself and my son. Before my daughter aged out, the premiums for family coverage were only a couple dollars more than Self plus 1.

It still seems like a lot, but when I dig into the details and compare it to what other people pay and what they get for their money, I feel like maybe it’s not the best deal, but it’s definitely not the worst.

[Deleted]

I won't know for a few weeks yet.  We just had to submit medical lab tests which is supposed to give us a $50/month credit against our premiums, so I'm guessing that means they're going to bump our rates at least $50/month!   I currently pay $314/month for me and the kids with a $750 deductible, but I'm considering switching to the HSA plan for next year.  

[giramomma]

I think my premium went up $13/month. But, I'm now paying $230/month for health insurance for a family of 6. I don't think I have much to complain about, considering my health insurance is like a 20K a year benefit.

[zibazinski]

I’ve got 6 months starting January 1 to get something to last me until Medicare kicks in. No clue how to go about it but I’ll ask my insurance guy soon.

[countrygirl2]

I know hubs drug premium is raising, I think $2 a month, won't know about the rest for awhile. They have raised every year since we started on medicare so I expect it to this year.

[Blonde Granny]

I have no idea how much I pay per month for Medicare, it's just taken out of my check. As for a supplement, I have a terrific one courtesy of the VA at no cost. My Meds are also provided via the VA and the only time I have to pay something is when I have an RX filled locally, then the cost is 40% of total.

Due to a mix up of double billing with a hospital bill, I paid the $21 for an RX while in the hospital. It was simply easier to pay it than fuss over $21. This was the only time in 10 years I've ever had to pay anything related to a medical bill.

[trippypea]

My husband's enrollment period is July 1st, and dental went up a buck or two, but medical went down a buck or two, so it was a wash.

[Cookies Galore]

Pretty terrible. Our cost share is incrementally going from a 90/10 employer/employee premium split to 80/20 and dependent share has gone from 15% to 25%. I cover myself and hubsie. In 2020 we're going from $291 to $345 a month for medical. Dental is still fully covered. ER copay is going up from $25 to $100, and there is now a $50 outpatient surgery copay and $100/day inpatient max 3 copays per admission(never had those charges before). At least there's still no deductible and max out of pocket is $1,000, and labs and imaging is still covered 100%.

[plugginaway22]

My company's 2020 renewal is up 6%, which is shared by employee/employer.  DH has not received his renewal info yet for Jan 1 renewal.

[weltschmerz]

Oct 22, 2019 9:31:30 GMT -5 Cookies Galore said:

Pretty terrible. Our cost share is incrementally going from a 90/10 employer/employee premium split to 80/20 and dependent share has gone from 15% to 25%. I cover myself and hubsie. In 2020 we're going from $291 to $345 a month for medical. Dental is still fully covered. ER copay is going up from $25 to $100, and there is now a $50 outpatient surgery copay and $100/day inpatient max 3 copays per admission(never had those charges before). At least there's still no deductible and max out of pocket is $1,000, and labs and imaging is still covered 100%.

Aren't you glad that Trump fixed healthcare, like he promised?

[Cookies Galore]

Oct 22, 2019 17:14:38 GMT -5 weltschmerz said:

Oct 22, 2019 9:31:30 GMT -5 Cookies Galore said:

Pretty terrible. Our cost share is incrementally going from a 90/10 employer/employee premium split to 80/20 and dependent share has gone from 15% to 25%. I cover myself and hubsie. In 2020 we're going from $291 to $345 a month for medical. Dental is still fully covered. ER copay is going up from $25 to $100, and there is now a $50 outpatient surgery copay and $100/day inpatient max 3 copays per admission(never had those charges before). At least there's still no deductible and max out of pocket is $1,000, and labs and imaging is still covered 100%.

Aren't you glad that Trump fixed healthcare, like he promised?

You betcha!

[zibazinski]

I’m glad the penalty is gone. I was able to afford insurance and not have to pay double for a higher deductible.

[Deleted]

So far- Medicare B is up $18/month (mine is double the base due to IRMAA ) and my prescription plan is up $10/month.  I may look for a cheaper plan; I'm on only one prescription and it's still under patent protection so they can charge whatever the heck they want.  No breaks through GoodRx, etc. and it costs the same under all the prescription plans I've checked.  

No idea what my Medigap coverage will cost in 2020.  I'm still grateful to be on Medicare, having spent close to $30K on ACA premiums over the 4.5 years between retirement and Medicare eligibility.

[The Walk of the Penguin Mich]

Oct 23, 2019 10:53:21 GMT -5 @athena53 said:

So far- Medicare B is up $18/month (mine is double the base due to IRMAA ) and my prescription plan is up $10/month.  I may look for a cheaper plan; I'm on only one prescription and it's still under patent protection so they can charge whatever the heck they want.  No breaks through GoodRx, etc. and it costs the same under all the prescription plans I've checked.  

No idea what my Medigap coverage will cost in 2020.  I'm still grateful to be on Medicare, having spent close to $30K on ACA premiums over the 4.5 years between retirement and Medicare eligibility.

I am doing a happy dance here!  Mine goes down around $400 come Jan.  Employee stock purchase that TD was required to sell (only employees could hold stock, he was no longer an employee) before the end of the year jacked mine up so much.

Not sure what I will be doing.  TD has insured me under his employer’s plan, but it is likely he is going to have to COBRA it for himself this year as he didn’t get the hours.  Not sure if it is worthwhile putting me on COBRA too.  Medigap plans for disability are squat where I live.  I guess I will go looking again, but suspect nothing has changed.  Need to pick up prescription plan too......ugh!

[TheOtherMe]

I'm only seeing project figures for Medicare Part B for 2020.  Have you seen final figures?  

Dad's Part D plan more than doubled so I'm changing it because he doesn't take any prescription medications.  We have to do it through his former employer so dad gets reimbursed from them.  I don't know what he will end up with but it won't be what he had last year.  

[justme]

Mine pretty much stayed the same. A few cents a paycheck difference. A shock to me. 

I'm still a little pissed that family OOP max is only $1000 more than an individual, but it's also only around $1000 more than what they can put in their HSA whereas the individual OOP max is damn close to double what we're allowed to put in our HSA. So a family can pretty much have their HSA cover everything where I'm out of money half way through. 

[bobosensei]

Mine stayed the same.  I'm on a HDHP that runs 145 a month for just me in premiums.  I have a 1500 deductible and 4500 out of pocket max.  Last year they started contributing to our HSAs.  I'd rather have the 500 they put in go towards lowering my premiums.  I suspect it is their way of not having to pay as much because you have to contribute at least 500 to get the match and it is paid at the end of the quarter with no prorating if you leave at some point before it is paid.

Vision and dental were the same.  I pay 6 a month for vision and get 130 allowance on contacts.  I pay 50 for a contact lens exam and order contacts via their website.  At the end of the year they do a bunch of sales if you buy a years worth of contacts at once so I get a years supply of daily disposable for about 300 bucks.  I was paying for exam plus about 750 for contacts at Sams so the insurance is worth it.  Dental runs me 20 a month and I get 1500 in coverage.  I have a lot of dental problems so regularly max that benefit.

Our stuff runs July 1 to June 30th though so I always do this in the summer.