10-19-2006, 06:20 PM
Group Health Insurance Myths by: Ray Daniels – Independent Agent
Group insurance costs less…WRONG!
Group insurance actually refers to group acceptability. No one can be turned down because of pre-existing health conditions or hazardous occupation. Consequently, group insurance costs 2 to 3 times more than comparable individual health insurance. Police officers cannot get individual health insurance but their dependents can.
It is recommended that you keep your group insurance for yourself but consider an individual plan for your dependents. For example, a 31 year old female spouse would cost $140 per month on Blue Cross Plan #3. The Humana EPO would cost $210 per month. A savings of $70 per month!
Similar savings can be achieved for child dependents. Early Retirees are better off with an individual plan of their own or a medicare supplement if they are over 65.
The following sample rates illustrate the range between Blue Cross Blue Shield’s best and least expensive individual PPO Plans #3 & #13. All rates are per month for healthy non-smokers as of 10/19/06 for Hillsborough County, Florida.
Age_____Male Plan#3_____Male Plan#13_____Female Plan#3_____Female Plan#13
1 Yr________$93____________$62_______________$89____ ___________$60
10__________49_____________33________________38___ _____________25
21__________88_____________59_______________101___ _____________67
31_________120_____________81_______________140___ _____________94
41_________153____________102_______________160___ ____________107
46_________170____________114_______________190___ ____________127
51_________206____________138_______________220___ ____________147
61_________328____________220_______________305___ ____________204
65_________Medicare Supplement Recommended @ $105 each
I represent only A-Rated companies and can assure you the best value for your health insurance dollar. Please call me or send me an email for a personalized quote.
Ray Daniels: 727-448-0909 ext 137 (or) 727-522-7811
Email: rdaniels@florida-insurance.com (or) raydaniels@verizon.net
Disclaimer - all insurance through my agency is only available to residents of Florida, USA. Actual rates and coverage are determined by medical underwriting which can take 4 to 6 weeks. Active duty police officers are un-insurable with Blue Cross and all other individual insurance companies with the exception of Aetna. Better rates and/or conditions may be available through other companies depending on the individual’s pre-existing health conditions. Maternity benefits are optional and not reflected in the above costs. Ages not reflected in the above table may be estimated by prorating the difference between the two ages. The above information is true and accurate to the best of my knowledge and subject to change without notice.
Group insurance costs less…WRONG!
Group insurance actually refers to group acceptability. No one can be turned down because of pre-existing health conditions or hazardous occupation. Consequently, group insurance costs 2 to 3 times more than comparable individual health insurance. Police officers cannot get individual health insurance but their dependents can.
It is recommended that you keep your group insurance for yourself but consider an individual plan for your dependents. For example, a 31 year old female spouse would cost $140 per month on Blue Cross Plan #3. The Humana EPO would cost $210 per month. A savings of $70 per month!
Similar savings can be achieved for child dependents. Early Retirees are better off with an individual plan of their own or a medicare supplement if they are over 65.
The following sample rates illustrate the range between Blue Cross Blue Shield’s best and least expensive individual PPO Plans #3 & #13. All rates are per month for healthy non-smokers as of 10/19/06 for Hillsborough County, Florida.
Age_____Male Plan#3_____Male Plan#13_____Female Plan#3_____Female Plan#13
1 Yr________$93____________$62_______________$89____ ___________$60
10__________49_____________33________________38___ _____________25
21__________88_____________59_______________101___ _____________67
31_________120_____________81_______________140___ _____________94
41_________153____________102_______________160___ ____________107
46_________170____________114_______________190___ ____________127
51_________206____________138_______________220___ ____________147
61_________328____________220_______________305___ ____________204
65_________Medicare Supplement Recommended @ $105 each
I represent only A-Rated companies and can assure you the best value for your health insurance dollar. Please call me or send me an email for a personalized quote.
Ray Daniels: 727-448-0909 ext 137 (or) 727-522-7811
Email: rdaniels@florida-insurance.com (or) raydaniels@verizon.net
Disclaimer - all insurance through my agency is only available to residents of Florida, USA. Actual rates and coverage are determined by medical underwriting which can take 4 to 6 weeks. Active duty police officers are un-insurable with Blue Cross and all other individual insurance companies with the exception of Aetna. Better rates and/or conditions may be available through other companies depending on the individual’s pre-existing health conditions. Maternity benefits are optional and not reflected in the above costs. Ages not reflected in the above table may be estimated by prorating the difference between the two ages. The above information is true and accurate to the best of my knowledge and subject to change without notice.