Well, this is awesome. Our current (shitty) company health insurance plan with Medical Mutual is $1,727 a month with a $2,500 single/$7,500 family deductible. We pay 40 or 50% of that, the employee pays the remainder. Just got our quotes in from Anthem. The cheapest one has a $5,000 single/$10,000 family deductible to the tune of $2,192.98. That’s $466.98 more a month than we’re paying right now!!
There are other Anthem options with $2,500 single/$7,500 family deductibles, but those are $2,635.96 and $3,092.73. Oh. Let’s not forget United Healthcare – they came in at a whopping $4,150.06.
There’s no freaking way we can do this. So, congratulations! We’re no longer able to provide insurance for our employees. I suspect that the rates at the exchanges are going to be similar. If that’s the case, whoopee! we can no longer afford insurance for ourselves.
So, I guess sign us up for the penalties then.