Premiums going way up

It’s that time of year again. No, I’m not talking about the holidays. I wish I was referring to that. It is the time when employees all over are getting information about continuing coverage for 2010 on their medical insurance.

The reality is that most people with health insurance coverage will be seeing increases. Not just small increases, in most cases premium changes that are ten or more percent. This hit home for us the other day. Sketchy details were sent home that our medical insurance premium will be going up 12%.

This means that our family will basically be getting a decrease in pay. Why? Well, when a pay freeze is instituted and premiums go up, this equals less money coming in. We are bracing ourselves for more specifics of the plans. We know that the premiums are increasing, but do not know just what it will mean for our co-pays. From 2008 to 2009 we saw the co-pay for hospitalization alone go from $500 to $1000! Talk about a massive change.

We are not alone. Since I found out about this almost everyone I know has mentioned similar instances. Of course our 12% looks like nothing compared to a family member that is seeing a 28% increase – yikes!

Please know that given the state of the economy, I am thankful each day that we have a means of income, a house, food on our table and all of the items that many Americans are not blessed with.

So, the question for this week is:

Have you heard about changes in your medical insurance premiums yet? Will they be increasing or decreasing? 

For anyone without health insurance coverage, please know that I hope for things to change. Too many people do not have benefits and this question was not meant to insult anyone.


BTW – Be sure to check out two giveaways that are going on right now. One for a Yoplait Kids Yogurt prize package and a new one for the Softlips Limited Edition Winter collection.


Thanks to Kailani at An Island Life for starting this fun for Friday. Please be sure to head over to her blog to say hello and sign the MckLinky there if you are participating.

Aloha Friday by Kailani at An Island Life

Aloha #74

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