Last year, the company I retired from was purchased by another global telecom company. This year, the company announced they would not provide retiree health benefits after 2016. I’ve been shopping for new health care coverage. My existing provider is exiting the Colorado market for individual plans. I talked to an agent in a call center set up by my current provider to assist in finding new coverage with other carriers. The call was a complete waste of time. The agent couldn’t answer most of my questions. Double A, being the HR director of a large local cultural facility, had a contact for an insurance broker. The woman, who was my age, was wonderful. She knew all the answers. She found several health plans that met my needs. She told me about a new company that entered the Colorado market that was offer below market rates in order to gain market share. I felt great when I ended the call.
I called the new carrier and was surprised to find my HIV drug co-pay would drop from $550 every quarter to $150. My monthly premium would also drop almost $200. It sounded too good to be true. It was. Although, the drug co-pay and the premium is cheaper, none of my exiting doctors are in their network. I would have to find new doctors. The only in-network doctor specializing in infectious disease was in the far western suburbs. The plan only covered 60% of most expenses such as hospital visits and laboratory test. I decided to look at other providers.
I’ve been researching other carriers. I’ve been on countless websites reviewing plans. It’s overwhelming. Why do I have to pay co-insurance if I pay a premium and a co-pay? I’d rather cut out my tongue than find new health insurance. I’m just going to have to settle for paying at least $900 a month for decent coverage and still have the quarterly $550 drug co-pay.
Do a google search for health care CEO pay and you’ll find a group of people who profit on the misfortune of others.