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Bottom Line: It’s not Affordable

“Affordable Care is certainly a misnomer if ever there was one,” stated Tim, a Washington-State resident who saw his healthcare costs increase astronomically. “My insurance company sent me a new proposed plan that incorporates the Affordable Care Act requirements. My premium went from $466/month to $616/month. My deductible went from $3,000 to $5,000,” he explained. “I’m 62 this year. I’m in good health. Between the insurance premium, increase in deductible and deposit into the HSA, it would have been $18,000 [a year], and it’s just me.” Shortly after the first letter, Tim received more troubling news – his current provider ...