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Healthcare rate hike, spot bonus

October 19th, 2016 at 09:49 pm

AS found out her current healthcare is going up from $228 to $351.86 per month, effective January 2017. Yeeowch! That's a 54% increase and $1486 more for 2017.

NT and I haven't found out what our workplace plans will be doing, but mine almost always goes up. NT's has always remained without premium (though if the kids or I went on his plan it would be more expensive per person than me having the kids on my plan, oddly enough).

The only 2017 months where we couldn't pay for AS's increase on my and NT's checks were January and March. I moved some birthday money to February and April so all months were in the positive.

Oh well. It's a painful increase but not devastating.

On the bright side, NT was handed a bonus at work because they had a record month in September. $250 cash! I put half toward our shared spending deficit, half into renovation savings. We also got our electric bill and it was $29 less than budgeted, so I used that to offset more of the deficit.

6 Responses to “Healthcare rate hike, spot bonus”

  1. creditcardfree Says:

    Those hefty increases in health insurance are becoming quite common it seems. Were there any added benefits to that rate increase? It's good you have the funds to handle it.

  2. ceejay74 Says:

    Nope, I read recently that the MN exchange is struggling. I wonder if there's a chance we could get on the federal plan?

  3. ceejay74 Says:

    I read that there were going to be price hikes, so it wasn't a total shock, just unwelcome. Hopefully when AS files her 2016 taxes, she'll get a small adjustment since she made less than in 2015. We'll see.

  4. rob62521 Says:

    DH's supplemental insurance went up over $30. Ouch!

  5. FrugalTexan75 Says:

    That is a big increase! I think ours did go up some this year, but not enough to stand out to me.

  6. Kaycee Fisher Says:

    This is the first year, since Obamacare has been in effect, that my plan has not been cancelled as of 12/31.

    However, the plan I have is going up $60/month, effective 01/17

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