Insurance rate plan letters are a shock to many - Local news, weather, sports Savannah | WSAV On Your Side

Blue Cross says insurance rate letter may be shocking, but there are options

Posted: Updated:
Just days before the implementation of the Health Insurance Marketplace, thousands of people across the state are receiving rate plan letters that are leaving them gasping over rate increases. Just days before the implementation of the Health Insurance Marketplace, thousands of people across the state are receiving rate plan letters that are leaving them gasping over rate increases.
CARY, N.C. -

Just days before the implementation of the Health Insurance Marketplace, thousands of people across the state are receiving rate plan letters that are leaving them gasping over rate increases.

After working 10 years at Logics Software Solutions as the vice president of sales, Gregg Bavisotto recently co-founded Bidpromo.com and needed a high deductible policy to cover emergencies.

"I play hockey, so if I got a puck in the face or something like that I could go to the emergency room and at least I'd be covered if my bill was over $5,000," Bavisotto explained.

Bavisotto's insurance policy covers just him and had been running $72 per month. The Cary man expected an increase when the Affordable Care Act went into effect, but he wasn't expecting a jump of more than 300 percent per month.

"Going from $72 to $242 is pretty substantial," said the 35-year-old of his new insurance premium under the Affordable Care Act. "If it went from $72 to $80 to $100, even, that's doable -- I'm OK with that."

Blue Cross and Blue Shield said rate plan letters shouldn't be a cause for panic and it has a number of plans that may better fit your budget.

"Our company has 26 different plans that are available," said Lew Borman, with BCBS of North Carolina.

Borman said the rates quoted in the letters also might not be what you end up paying.

"After subsidies, two thirds of our customers would see rate increases along the same lines as the cost of medical care that they've seen over past several years," Borman explained.

However, one third of its customers could see their rates go up significantly partly because of new costs associated with the ACA.

"There are eight new taxes and fees that come on board to pay for all this, so it's a big package and there are increases associated with this above and beyond the normal costs of health," Borman said.

Bavisotto said he'll shop around at Blue Cross and elsewhere because $242 per month is a deal breaker.

"I know there are online companies that when you put in your measures they'll find you a cheaper insurance," Bavisotto said.

RELATED STORIES

RELATED LINKS

Steve Sbraccia

Steve is an award-winning reporter for WNCN and former assistant professor. A seasoned professional, Steve is proud to call the Triangle home since 2005 after over two decades in Boston, Mass.  More>>

  • North Carolina NewsMore>>

  • NC GOP Senate candidates face off as early voting begins

    NC GOP Senate candidates face off as early voting begins

    Wednesday, April 23 2014 11:15 PM EDT2014-04-24 03:15:49 GMT
    The four top-polling Republican Senate candidates, vying to unseat Democrat Kay Hagan, debated on Wednesday night in Raleigh, the night before early voting was set to begin. The primary is May 6, but voters can start heading to the polls on Thursday.During the half hour televised debate, State House of Representatives Speaker Thom Tillis of Charlotte said he was leading a conservative revolution in Raleigh, cutting regulations and taking credit for falling unemployment numbers. Tillis faces c...
    The four top-polling Republican Senate candidates, vying to unseat Democrat Kay Hagan, debated on Wednesday night in Raleigh, the night before early voting was set to begin. The primary is May 6, but voters can start heading to the polls on Thursday.During the half hour televised debate, State House of Representatives Speaker Thom Tillis of Charlotte said he was leading a conservative revolution in Raleigh, cutting regulations and taking credit for falling unemployment numbers. Tillis faces c...
  • NC judge to rule against teacher tenure state law

    NC judge to rule against teacher tenure state law

    Wednesday, April 23 2014 7:18 PM EDT2014-04-23 23:18:26 GMT
    A Guilford County judge is backing two school districts fighting a North Carolina law that phases out job protections for public school teachers in favor of employment contracts.
    A Guilford County judge is backing two school districts fighting a North Carolina law that phases out job protections for public school teachers in favor of employment contracts.
  • Committee proposes rules for drone use in NC

    Committee proposes rules for drone use in NC

    Wednesday, April 23 2014 4:58 PM EDT2014-04-23 20:58:27 GMT
    A legislative committee approved a set of regulations that it hopes will calm people's fears about the use of drones while allowing the industry to flourish.
    A legislative committee approved a set of regulations that it hopes will calm people's fears about the use of drones while allowing the industry to flourish.
  • NewsMore>>

  • Veterans find healing for PTSD with new therapy

    Veterans find healing for PTSD with new therapy

    Thursday, April 24 2014 12:02 AM EDT2014-04-24 04:02:08 GMT
    Some veterans who struggle with PTSD are finding help through
    Some veterans who struggle with PTSD are finding help through
  • NC GOP Senate candidates face off as early voting begins

    NC GOP Senate candidates face off as early voting begins

    Wednesday, April 23 2014 11:15 PM EDT2014-04-24 03:15:49 GMT
    The four top-polling Republican Senate candidates, vying to unseat Democrat Kay Hagan, debated on Wednesday night in Raleigh, the night before early voting was set to begin. The primary is May 6, but voters can start heading to the polls on Thursday.During the half hour televised debate, State House of Representatives Speaker Thom Tillis of Charlotte said he was leading a conservative revolution in Raleigh, cutting regulations and taking credit for falling unemployment numbers. Tillis faces c...
    The four top-polling Republican Senate candidates, vying to unseat Democrat Kay Hagan, debated on Wednesday night in Raleigh, the night before early voting was set to begin. The primary is May 6, but voters can start heading to the polls on Thursday.During the half hour televised debate, State House of Representatives Speaker Thom Tillis of Charlotte said he was leading a conservative revolution in Raleigh, cutting regulations and taking credit for falling unemployment numbers. Tillis faces c...
  • Cary's Green Hope named top high school in NC

    Cary's Green Hope named top high school in NC

    Wednesday, April 23 2014 10:01 PM EDT2014-04-24 02:01:12 GMT
    Cary’s Green Hope High School was named the top high school in North Carolina by the U.S. News and World Report.
    Cary’s Green Hope High School was named the top high school in North Carolina by the U.S. News and World Report.
  • Most Popular StoriesMost Popular StoriesMore>>

  • Squatters Move Into Soldier's Home and Refuse to Leave

    Squatters Move Into Soldier's Home and Refuse to Leave

    Wednesday, April 23 2014 2:25 PM EDT2014-04-23 18:25:50 GMT
    Alleged SquatterAlleged Squatter
    When soldier Michael Sharkey was deployed to Afghanistan two years ago, he asked a friend to watch over his New Port Richey house.
    When soldier Michael Sharkey was deployed to Afghanistan two years ago, he asked a friend to watch over his New Port Richey house.
  • April Mugshots

    April Mugshots

    Tuesday, April 22 2014 2:42 PM EDT2014-04-22 18:42:32 GMT
    Thomas Allen WinstonThomas Allen Winston
    The following are mugshots and charges of individuals arrested between April 1-4 by the Sullivan County Sheriff's Office.
    The following are mugshots and charges of individuals arrested between April 1-4 by the Sullivan County Sheriff's Office.
  • MUGS: 36 Arrests In Greenville Prostitution Sting

    MUGS: 36 Arrests In Greenville Prostitution Sting

    Wednesday, February 26 2014 12:58 PM EST2014-02-26 17:58:17 GMT
    The Greenville County Sheriff's Office, along with 26 other agencies throughout 15 states, participated in the event during National Day of Johns Arrest.The Greenville County Sheriff's Office, along with 26 other agencies throughout 15 states, participated in the event during National Day of Johns Arrest.
    The Greenville County Sheriff's Office, along with 26 other agencies throughout 15 states, participated in the event during National Day of Johns Arrest.
    The Greenville County Sheriff's Office, along with 26 other agencies throughout 15 states, participated in the event during National Day of Johns Arrest.
  • Most Popular StoriesMost Popular StoriesMore>>

  • Mom bites off dog's ear to save daughter during attack

    Mom bites off dog's ear to save daughter during attack

    Tuesday, April 22 2014 2:49 PM EDT2014-04-22 18:49:19 GMT
    Image from CNN/KHOU-TVImage from CNN/KHOU-TV
    In a backyard in Alvin, swings a very lucky girl. Her name is Mackenzi Plass, or Kenzi for short, and she survived a dog attack and has undergone several surgeries."She'll be two and a half in May," said her very proud mother Chelsi Camp. "She's doing great. You wouldn't know it if you couldn't see."Mackenzi has scars on her face after the ordeal just weeks ago that put her mother's animal instincts to the test."You do whatever you can," said Camp. "I don't have physical strength at my side."...
    In a backyard in Alvin, swings a very lucky girl. Her name is Mackenzi Plass, or Kenzi for short, and she survived a dog attack and has undergone several surgeries."She'll be two and a half in May," said her very proud mother Chelsi Camp. "She's doing great. You wouldn't know it if you couldn't see."Mackenzi has scars on her face after the ordeal just weeks ago that put her mother's animal instincts to the test."You do whatever you can," said Camp. "I don't have physical strength at my side."...
  • Mom wins lawsuit against TSA after breast milk screening problems

    Mom wins lawsuit against TSA after breast milk screening problems

    Wednesday, April 23 2014 4:40 PM EDT2014-04-23 20:40:54 GMT
    A Southern California woman who was held at a Phoenix airport four years ago after refusing to have her breast milk X-rayed has reached a settlement with the Transportation Security Administration. Stacey
    A Southern California woman who was held at a Phoenix airport four years ago after refusing to have her breast milk X-rayed has reached a settlement with the Transportation Security Administration. Stacey
  • Owner of Raleigh 'Party Mansion' guilty of tax evasion

    Owner of Raleigh 'Party Mansion' guilty of tax evasion

    Monday, April 14 2014 4:07 PM EDT2014-04-14 20:07:04 GMT
    Claude Verbal II, who now lives in Miami, pleads guilty to a number of federal tax evasion charges.
    Claude Verbal II, who now lives in Miami, pleads guilty to a number of federal tax evasion charges.
Powered by WorldNow

1430 East Victory Drive
Savannah, GA 31404

Telephone: 912.651.0300
Fax: 912.651.0320
Email: newsemailalert@wsav.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.