Emily's Cat
Rarely prone to hissy-fits
Very strange, but I wonder if it's a regional thing? Basically, in places like California and Oregon, where our governors made an actual effort to set up a proper exchange, our rates are going down and things are working. I just received my application from a "navigator" on state's website, as unfortunately the online enrollment isn't up yet. But I can browse plans, and we've chosen a "gold" plan from MODA that will cost us a little less than what we have now, but it will be seriously awesome insurance. Maryland is boasting the cheapest "bronze" plan in the country, which will cost only $89 before subsidies. Which for poorer people will be basically free.
Would you care to share the details of your current plan and which state you live in? Also, are you getting these numbers from your insurer or from the exchange from your state?
There are a LOT of variable that go into rates, and a LOT of things changed due to ACA. I think I said this earlier, but it bears repeating. In states that previously allowed risk rating, the dislocation is liable to be much larger - really big winners and really big losers with respect to cost versus benefit richness. In states that had some form of adjusted community rating, the dislocation is liable to be smaller; there will still be winners and losers due to changes in the underlying plan designs, but the magnitude is likely to be smaller. There are also contributing factors do to age rating - states that had very broad or uncapped age factors (5:1 or higher), there will likely be a larger magnitude for winners and losers than in states that had smaller age factors bounds.
ETA: This is not a complete list of the things that might result in a rate being higher or lower than previous. There are several other factors that could come into play. These are, in my opinion, the largest factors in most cases.
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