Quote:
Originally Posted by katty
--my husband and I own our own business, so we buy the insurance for our employees, which means that our group insurance costs are going to skyrocket. I wasn't able to get approved for a cheaper site.
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That's why I'm not on our group plan at work. If I went on it, the price would go through the roof.
Does your agent offer you a new plan each year at renewal time with different companies? Will you be able to start out with a different plan each year starting at an "unrated" dollar amount to keep your costs down?
We get that offer each year from our agent. If I were on the plan I think we'd be forced to do that to keep costs down. For example, we're on a Midwest Security plan PPO now, and he offers us BC/BS of Illinois and another company at a lower "introductory rate" for the first year.
If your agent did that each year you could change on that date if it works the same way in your situation. It would be a big pain for everyone on the plan switching everything over to the new carrier but it might keep your costs down.