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Just got the annual premium rate increase notification from my cruddy, high deductible, Blue Cross PPO 2500 insurance. This year was increased by 18.5%!!! Very depressing.
I found that I had to switch ins. co's every 2 to 3 years to get the intro rates. We are healthy and could get away with it. If I were still having to get ins. on my own I would have a 7500 deductable and build up an HSA. You can pay a little more for an accident rider to minimize the deductable cost.
I'm not sure who are the bigger crooks. The insurance companies for having such ridiculous premium increases or the folks that don't pay their bills which get passed back to the docs who increase their rates to compensate and then get more money from the insurance company who is getting paid by the guy that actually pays his bills. Vicious circle. It makes my head hurt.
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