Old plan: https://swp.mvphealthcare.com/...
New Plan, closest to old plan AFAICT: http://www.discovermvp.com/con...
A big part of the difference is the cost of covering my kids. On the old plan, they were covered at a MUCH lower rate than my wife and I, only $121/mo. On the new plan it's pretty much the same for all of us, $400. To add insult to injury if I made somewhat less each year my kids would qualify for Dr. Dynasaur (VT expanded medicare for kids) which would be only $60/mo and of course my wife and I could get federal subidies for our coverage but then I couldn't pay my other bills. It's a catch 22. I'm glad somebody's getting something good out of obama care because I feel like I'm getting taken out to the woodshed. My only hope is that Vermont rolls out single payer on schedule and it sucks less.
VT has had relatively strict health insurance laws for some time. E.g. vermont insurers cannot discriminate by prexisting conditions if the customer has had continuous coverage. If you let your coverage drop you're screwed though. Well that's changed now I suppose.
Hi Bruce,
I also have my own company, with one employee. I have been purchasing coverage on the private market for my family of 4 for about $880 / mo. Now that plan is being cancelled by my insurance company because it's not grandfathered. To purchase an equivalent plan through my state exchange is going to cost about $1200 mo. I make just enough that I don't qualify for meaningful subsidies, and being self employed my subsidy eligibility doesn't take into account my huge self employment tax burden. So I am left with the unpalatable options of going with a crappy "bronze" plan with a huge deductable, or having to spend spend an extra $320/mo for the the coverage I already have. If the new state plan is "better" in some way than my old coverage it's not obvious to me how. I'm sorry you had so many issues signing up for private insurance, but for me it seems like ObamaCare is a significant net loss.
Our business in life is not to succeed but to continue to fail in high spirits. -- Robert Louis Stevenson