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Sunday, February 8, 2009

Health Insurance Seems Overpriced

We have a high deductible policy. Blue Shield California
Deductible is $4,800 Family, two adults, two teenagers

Our premiums are based partially on my wife's age. She is now 55 years old.

And our rates have gone up dramatically in the last few years.

This is our monthly rate

2005 $583
2006 $711
2007 $889
2008 $889
2009 $1329 That comes to $15,948 per year
Median income in the USA is around $50,000
Our premium is around 30% of median income
But if you include the big deductible it comes to 40% of the median income
This is really an outrage. Really!

Pretty shocking I think
Increase of 128% since 2005

SUCKS?

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