In a sign of how quickly the year is going by, we got an announcement about the open enrollment period for 2012 insurance. They haven’t announced a date but they did announce some good news, and that’s that they are freezing premiums and co-pays (and in some cases, even lowering the co-pays) for next year. They also said they will be lowering out of pocket maximums.
That’s definitely great news. Last year saw a huge increase, though, way above market average, so honestly, this years freeze will probably just level things out to where they ought to be anyways.
We had considered going with an High Deductible Plan in 2011, but because we knew we were having a baby and the associated costs with that, we opted for the more traditional plan, which had higher premiums but also paid out more and had low deductibles. If we anticipate that our medical needs will be lower in 2011, this could be a good way to go, especially depending on what they come out with for the out-of-pocket maximums.
I’ll keep you updated when the actual info comes out, but that is a welcome bit of good news (now, we just have to see if there will be any raises!).
How are things shaping up for your 2012 insurance enrollment?
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