As Obamacare begins to roll out, I’m curious what impact it might have on freelancers—and just as importantly, how freelancers have fared on the individual health insurance market over the past few years.
Here’s a quick snapshot of how my monthly health insurance premiums have increased over the years:
My current rates would almost certainly be even higher today (say, $700-750) if I hadn’t managed to abandon this sinking ship in late 2011 and jump onto a spouse’s employer insurance—not permanently, but at least for 1 or 2 years of respite.
I just looked up what my monthly rates will be for individual insurance purchased under Obamacare (Covered California), and was pleasantly surprised at how much lower they would be:
$281-$349/month – Bronze plans (41 to 52% less than my 2011 rates)
$340-$412/month – Silver plans (30 to 42% less than my 2011 rates)
$401-$487/month – Gold plans (17 to 32% less than my 2011 rates)
(For what it’s worth, the Silver plans are most similar to what I purchased on my own until 2011. These rates reflect no subsidies or “premium assistance.”)
So that’s what I’m seeing—how about you?
I’ve put together a survey and would love to hear from those of you who are self-insured, about how your insurance rates have evolved over the last few years — and what kind of rates you might see under the Affordable Care Act.
I want to hear from everyone who can provide decent data, regardless of whether your insurance costs will rise, fall, or remain unchanged under the law healthcare law.
For those who are game, the survey might be a good little bit of work — namely, looking up your past rates and checking out what they’d be under plans purchased through Obamacare — but it’s valuable information, and I’ll share with everyone once the results are in.