Even worse, I was comparing if my plan started now. If I started a new plan in 2014, the lowest cost plan is 50% MORE than I am paying now. That would mean that insurance rates have tripled in three years.
My company just switched insurance plans to a much more expensive plan for the full family option. It is more than $1,300 a month. I won't be participating, of course, since much cheaper plans are available individually. I wonder if my employer gets their kickback per individual, or is it just for signing up the company? If it is per individual, I will probably expect some retribution for not using the plan.
Anyway, I question how some of the lower paid full timers can afford this. After the cost of the insurance plan, dental and FICA, they are probably only going to be taking home a few hundred dollars a month at best.