If you are self employed, or are with coverage, you face a
big financial decision. Do you gamble right now in good
health, and hope you stay healthy? Do you lose saving money
now wagering on seeing too many family health members whose
health has seriously eroded? The choice is yours,
presenting some scenarios is mine.
Numerous people are thrilled to save $150.00 a year on home
insurance. Others rake in an extra $300 by finding a auto
insurer matching their demographics. But the king of
insurance savings is the $1,200 or more families can save
on buying group health insurance. Millions more people each
year qualify for group benefits on a plan covering 10 or
more members. If you have 1 to 9 members, you have another
great choice.
With few exceptions, you can join the local Chamber of
Commerce, and get on their group plan. Group Insurance
coverage when compared to similar benefit individual health
plans is often at least 10% as less costly. So if you were
quoted $1,000 a month for a family benefit group plan,
saving 10% equals $1,200.00 annually.
Only with an individual plan is your current health a major
issue of cost and insurability. Any major health condition
now or in the past will creep out to haunt you. For
individual health insurance, you may receive a counteroffer
to play 50% to 100% more for the health insurance.
Additionally any claims on your health coverage for
pre-existing and current health issues will usually not be
eligible during the first 180 days. Paying a couple grand
out of your own pocket is certainly neither a uncommon or
pleasant emergency expense.
Enrolling in the Chamber Of Commerce plan is the route to
go if you have current major health problems or
pre-existing health conditions. The Chamber plan MUST
accept you. And your current and past health flaws are
covered in zero to 90 days. All this, and even unhealthy
members pay the exact same cost as every other Chamber
member.
Now look at the negative side of the group coverage. A
Chamber established for a long time can be bad for you. Now
you have numerous members over age 55 with countless health
problems. Claims are constantly paid out, forcing rates to
rise. Each year the insurer looks at the claims paid versus
the benefits paid out. Your rates could zoom upward
suddenly and you may be trapped. Certainly, if now you are
one of the unhealthy.
Good health members, often opt for individual coverage when
rates soar. This causes the insured pool to shrink further
down to mainly medically prone members.. For those whose
health has declined, they have no way out.. After your
health declines, individual health insurance is no longer a
viable option. Trapped into Chamber horror rates are not
uncommon. Whenever the nightmare begins, there is one
positive note, just be thankful that the government is not
managing your important health future.
----------------------------------------------------
Don Yerke is the founder, marketing adviser, and article
writer at Direct Mail List Brokers. Explore the website at
http://www.direct-mail-list-brokers-marketing.com
. Tips,
secrets, advice, and intense research inspire you to read
more information. The site is crammed with beneficial
articles on obtaining quality leads, insurance agents,
marketers, firms, agent recruiters and sales letter
writers.Free information.
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