I don't know about the area you are in but in my area the Health Plan Rates increase 20-35% for 2025 depending on the plan.
People on medicare pay less and have better coverage.
31 replies (most recent on top)
I think you're grossly exaggerating. I'm in the highest tier and althougstill ridiculous, it was only around 10%. I don't see any increases in the 20-35% range for the same plan/dependents.
Joined Medicare this year . I pay $174 a month taken from my SSA for Part A/B and $42 a month for a Part B supplemental with a $2240 deductible. PArt B costs are 20% of the Medicare approved amount which is not the full charge for stuff. My doctor bills $377 each time I set foot in his office. Medicare pays him $96 and I pay $18. I took COBRA which is a reduced WF rate of $572 a month before Medicare so at $216 a month I'm not paying more for sure. I'm certainly not paying more and I had a $4400 deductible at WF.
Medicare A & B aren’t comparable to the WF plans.
To get comparable coverage, you need Medigap. And yes, if you are Medicare age, and want the same kind of coverage as is available via the WF plans - it’s about double what it costs in plan.
That’s just how the math of group plans work. Younger people (who use less medical services) pay the same rate as older people (who use more medical services). In Medicare/medigap, everyone by definition is older, so there arent lower users to subsidize higher users.
“ I'm in the highest tier of WF healthcare premiums and it's still half of what medicare would cost.”
You are full of it. Medicare part A is free and part B starts at less than 200 bucks per month. So you are paying less than 50 bucks per paycheck?
Re: VA Care
90% Disable Veteran here. I'd put VA Care on the same level as visiting your local county healthcare. Your mileage may vary.
WF is laying off 10s of thousands of employees. Smaller bargaining power = higher rates.
Please, come here and post you're averages of averages as if they are solid numbers along with the Apples to rotten pumpkins comparisons of yearly salary % increase (or lack there of) to the % cost of healthcare increase and let people freak out. I love pandemonium.
I am on track to also gross a paltry $140k, my entire Benefits package jumped a WHOPPING $23. FML I better take out a second mortgage. This 5% increase (of benefits cost) is going to ki-l me! Que the salary baffoonery: OH WAIT 5% IS MORE THAN INFLATION AND DEFINITELY WAY MORE THAN WELLS WILL GIVE ME IN A RAISE!!! #union #toodumbtounderstand #gimmegimmegimme
Train more doctors, and stop the Learn to Code non-sense already. We have outsourced all the coding jobs away.
The cost of healthcare has risen every year for the last 50 years - so we can’t blame a party. Medicare’s pricing is one force keeping it at bay. They set prices for procedures and medication. But yeah it’s def the GUBMENT reaching into our pockets. Good lord.
America is losing money and jobs. Insurance companies are also sending jobs offshore.
Who is paying the price?
Maybe if the gov didn’t send billions to Ukraine, it would have at least given some of that to those who need help in the US.
12% bump here
With Government involved in health care it is now higher priced than when they were not involved. Obama is a charlatan and people bought into him hook line and sinker.
Government pays about 50% of all healthcare … Medicare / Medicaid / VA.. those illegals and poor folk are all covered by hardworking Americans.
VA / American Elderly deserve it, the others are dead weight and a drain on the safety net.
My aggregate increase for Health, Vision, and Dental was less than $40 and I'm grossing ~$140k/year.
TRICARE Prime isn’t bad and it’s affordable. But only available to mil retirees. WF is my second career.
@fym you want pure, unregulated capitalism? Go live in the poorest SE Asian countries. It's there, ready to fulfill your every last desire. Let us know how much you like greed being the sole justification behind every decision.
Pity the insurance companies, forced to gouge and deny coverage for greater profits because they were held accountable in the smallest way 🎻🎻🎻
No wonder this bank keeps landing in hot water with the regulators with the caliber of employee on display here.
@fym+1vhQhkNi Yet again, when was this period of an actual "free market" you were harping on about? Who do you see advocating for the ACA here? Keep knocking down those strawmen- it's a shame this $2,500 figure you alone are obsessed with seems to have priced you out of your schizo meds. Oh well, maybe the market will help you out lmao
I'm not a libertarian. Read more about Medicare, Medicaid, VA care, and the ACA and come back to tell us how we're living in a free market. We're not and haven't been for decades. The more the government gets involved, the more it costs. Answer the question honestly, did your annual insurance bill go down by $2500 after the ACA? Did it go down a penny? Mine went up, and so did just about every other working person.
Maybe it's you that has trouble with definitions.
@xtt Fyi- that guy is a headcase/troll here who has his own personal definition of “capitalism” to weasel out of the many obvious problems it causes in this country, very similar to the way “actual communism hasn’t been tried!” weirdos do.
Tl;dr- libertarian. Cannot be reasoned with. Do not engage.
@uxr+1vhQhkNi When was this period decades ago when your definition of a free market was met? Curious to see what healthcare costs were like in this utopia.
Medicare is NOT cheaper than our health plan - i've shopped it. I'm in the highest tier of WF healthcare premiums and it's still half of what medicare would cost.
It's shocking how many people think the best idea is to give "VA Care" to everyone. No thanks.
The free market would make care cheap and very available, if we had a free market. We haven't for decades, and the "Affordable Care Act" was the nail in that coffin. We have the worst attributes of both approaches thanks to that complete garbage. Anyone else seen the $2500/year savings from that bill yet? Me either.
My wife works for Walmart, which has the scale to offer lower healthcare costs than Wells Fargo. It's also a better run company.
@ctz+1vhQhkNi Yes that’s how taxation works? What point are you trying to make to tie into what OP said?
Yep, private healthcare is a racket. Weird that the market forces didn’t alleviate this 🤔
had a massive increase last year given the new income tiers but this year was more reasonable at just a few %, still more than I'll get from my merit increase.
Yep. People who are working are basically subsidizing the people on Medicare.
Mine was about 10%