More Money For Your Monthly Insurance Premium Is A Reality

If you are just like everybody else you feel that you are paying more than you have in the past for health insurance. It is not just a feeling because it is absolutely the truth. The premiums are higher and the benefits are lower. The deductibles are actually up more than 75% since 2003 with the coverage itself costing more by around 40 percent.

As health insurance is a thing of necessity with the growing price it is becoming more and more out of reach for most Americans. The figures vary from state to state with some states such as Massachusetts, Wisconsin, Alaska, Wyoming, Connecticut, and Vermont showing the highest insurance premiums for 2009. States with the lowest premiums include Montana, Ohio, Oklahoma, South Dakota, Kansas, Hawaii, Arkansas, Alabama, Idaho, Utah, and North Dakota. Essentially no matter where you live, however, you are still probably paying too much for your health insurance and the difference between the low cost insurance states and the high ones is only a difference of approximately $3,000 per year. The difference between paying $11,000 a year or $14,000 per year seems trivial to most as it all seems relatively surreal.

If you compare how fast household incomes are growing as compared to how health insurance premiums are growing, there is no comparison at all. People can't keep up. A lot of people that have been looking towards the Affordable Health Care Act for relief have high hopes. They are hoping for the sake of their children that it will help the cost go down, for the sake of their children.

There are however concerns because even though this plan is intended to help keep health care costs from rising too rapidly this is little consolation to those who already can't afford health insurance and with the cost of health insurance being upward of 14% of an Americans salary there is little hope for this Act to make the improvements it proposes to make.

People that can't afford health insurance now are just as likely to be unable to afford it in the future. There isn't much hope with these people that things will change enough with insurance that they will suddenly be able to get the coverage that was beyond them before. There is a new fear for people also that they will be further harmed by financial penalties that may be imposed on people that don't have coverage.