Business Owner Shocked Over New Healthcare Premiums

(Memphis) Randy Hill runs his own holiday decorating business.

That means he pays for his own health insurance.

When he did his annual check on changes in his plan, he was shocked.

“Instead of $255 a month, it’s gonna go to $470 a month. That’s an 85-percent increase in premium. At the same time the benefits are going to decrease,” says Hill.

That wasn’t all.

He says his $5,000 deductible will go to $6,350.

Prescriptions he used to get filled for $39 would now be a whopping $75 or more.

Hill says the insurance company blames the new federal mandates and claims all policies are going to change and likely have people paying more.

“I was told on the news that we could keep our current policy. The fact is it will change whether we want it to or not,” says Hill. “I think I have been lied to. I don’t know who is responsible for getting the information out, but it’s apparently not true.”

HIll says the law that’s supposed to make getting health insurance easier for people is actually making people like him work harder.

“It means I’m going to have to do more business, sell more goods or do something, so I can make more income,” he says.

Randy Hill advises others to check with their health care companies now to see what premium changes are on tap for next year. He says you may be surprised.