Posted by Nancy Hecht, CFP®, AIF®
We were promised that the Affordable Care Act (ACA) would provide choice, innovation, lower premiums, and no need to change your Doctor. We have seen that this has not actually been the case. The biggest concern for many of us now is the insurance companies are dropping like flies.
Soon, many counties across the country will only have one choice of a provider, most likely a Blue Cross company. Premiums in most cases have increased, out of pocket costs have increased, all while the competition has decreased. Choice and flexibility have gone away for most of us.
The only advice I can share is to look at every feature of the offers you receive, crunch your numbers, and next time vote carefully.