I believe it. After the minimum wage was raised to $16 for servers here in the Twin Cities local businesses started adding a "convenience fee" of up to 21% to the restaurant bills in lieu of customers giving cash tips. This caused a lot of servers to have to divide up equal shares of those fees from the pool and declare everything they make to the IRS. Many of our friends in the industry said they were better off before. I don't believe this happens much outside of Minneapolis/St. Paul though.
$1.2k sounds about right for monthly premium for two. Ours is almost double that from the insurance marketplace. My wife will be eligible for Medicare in two years, I think, which will help out tremendously. She'll still need to carry some kind of supplemental policy but nothing close to what we're paying now.
The big thing we are seeing now besides increased prices across the board are places adding the fee for processing credit cards. I don't really fault the business for the processors charging so much. It sucks though because it really adds up after a while. I like the idea of being able to have something supplemental along with your other insurance whether it is federal or private. I know some places don't allow you do that. Like you have to disclose if you have additional coverage.
Yes, we're seeing those credit card processing fees everywhere but big corporate stores as well. I've heard that's actually hurting credit card companies as people are waking up to realize having to pay those CC processing fees negate their credit card rewards and they're paying in cash again. Yes, I think the more coverage you can afford the better these days. Thankfully Medicare/Medicaid allow it.
Oh yeah, that is a good point. I mean if you have to pay 3 or 4 percent and you only get 1 % back then it is kind of a scam.