obamacare matthew hotchko
Name: Matthew Hotchko, 34
Job: Pharmaceutical market research
Residence: Renton, Wash.

Pre-existing condition: Skin cancer

I currently work for a small pharmaceutical market research firm full-time and my wife takes care of our three small kids. My employer does not offer insurance, but rather gives us a stipend for a monthly healthcare premium.

Since I had a melanoma mole removed several years ago, I cannot qualify for cheap, regular family insurance. The only insurance I could get was to continue the previous insurance I had when I was with a large company. My premium is $964 a month, but there is a $5,000 deductible per individual, or $16,500 per family. If any of us were to get very sick this year, there goes our savings.

I am hoping that the state exchanges will allow me to have more options. I would be looking for something like I have right now, but not with the very high deductibles.

But I am worried about what the increased costs will be. If more unhealthy people enroll, the insurance companies will have to raise rates for everyone.

  @Luhby - Last updated May 09 2013 06:13 AM ET
Join the Conversation
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.24%4.32%
15 yr fixed3.25%3.36%
5/1 ARM3.27%3.37%
30 yr refi4.28%4.31%
15 yr refi3.30%3.34%
View rates in your area
Find personalized rates:
Rate data provided
by Bankrate.com
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.