Here in IL the BCBS individual insurance offerings are ~25% lower than equivalent group policies.
Our agent says this is the first time this has happened, but it is likely to continue for the next few years as Obamacare sorts itself out.
Since a portion of your medical expenses (including premiums) can be tax deductible anyways at the end of the year, the "pre-tax dollar advantage" isn't what it used to be.
In addition, our group plan (United) instituted 48 age bands (up from 10) which drastically increased the premiums for all the older people.
We wound up dropping the group coverage altogether and went with individual BCBS plans.
Obviously the new law forcing individual insurance to accept any pre-existing conditions and not be able to drop your insurance at-will also made this option more attractive than in the past.
[+] [-] pdq|12 years ago|reply
This reads too much as a blatant advertisement, with little actual content.
[+] [-] ngoede|12 years ago|reply
[+] [-] swamp40|12 years ago|reply
Our agent says this is the first time this has happened, but it is likely to continue for the next few years as Obamacare sorts itself out.
Since a portion of your medical expenses (including premiums) can be tax deductible anyways at the end of the year, the "pre-tax dollar advantage" isn't what it used to be.
In addition, our group plan (United) instituted 48 age bands (up from 10) which drastically increased the premiums for all the older people.
We wound up dropping the group coverage altogether and went with individual BCBS plans.
Obviously the new law forcing individual insurance to accept any pre-existing conditions and not be able to drop your insurance at-will also made this option more attractive than in the past.
[+] [-] soperj|12 years ago|reply
[+] [-] djKianoosh|12 years ago|reply
[+] [-] vivekajayshah|12 years ago|reply