Minnesota Prairie Roots

Writing and photography by Audrey Kletscher Helbling

When you can no longer afford health insurance… October 26, 2016

I live on one of Faribault's busiest residential streets, also a main route for the ambulance which is based near my home.

Minnesota Prairie Roots file photo.

ABOUT A YEAR AGO, I penned a post expressing my outrage at the ever-rising cost of health insurance.

I expected those costs to stabilize. I was wrong. So here I am, writing and agonizing again about insurance rates that are through the roof nearly unaffordable for my husband and me.

Beginning on January 1, our monthly premiums will total $1,746, of which we will pay $1,310. Add in $3,700 deductibles for each of us and you can see the financial ridiculousness of this plan. Before we can benefit from this health insurance offered through Randy’s employer, we will spend thousands and thousands of dollars. Like $14,176 for me and $8,944 for Randy since his employer pays half ($437/month) of his premium.

We are not wealthy. Nor are we poor. We are lower middle income. I am self-employed. Randy has worked the same job for more than 30 years. His benefits are minimal.

This year we both turned sixty, bumping us up on January 1, 2017, into a newer and higher premium bracket. Lucky us.

In 2016, our health insurance premiums were $723/month each for policies with a $3,500 per person deductible. In the new year, we will pay $225 more a month (nearly a 21 percent increase) with $3,700 deductibles.

This cannot continue. The cost of health insurance premiums threatens our financial stability. Paying $15,720 a year in premiums is crazy and unaffordable. We are careful with our money. Thankfully, years ago we paid off the mortgage on our modest home. We don’t take big vacations. We seldom dine out. We don’t own new vehicles. We limit our spending. But we have to eat and pay other basic cost of living bills.

Something has to give. I wish I had the answer. Of one thing I am certain. I am sick and tired of health insurance costs that have skyrocketed. It’s to the point where we can’t afford to get sick or to seek medical treatment. We can’t save money for retirement. The cost of health insurance and healthcare is my greatest financial worry.

I know many others are in the same predicament. The Minnesota legislature intends to call a special session addressing the crisis, specifically for those buying individual plans. Up until a year ago, I had an individual plan, too. What am I missing here? I was advised that we cannot apply for coverage through the state run marketplace, MNsure, (thus qualifying for a subsidy) because we have insurance available through an (my husband’s) employer.

TELL ME: How about you? Are you in the same situation as us? Do you have a solution to this crisis?

© Copyright 2016 Audrey Kletscher Helbling

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