http://allfinancialmatters.com/2006/04/13/day-16-health-insurance/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Fri, 20 Nov 2009 19:56:44 -0800 http://wordpress.org/?v=abc hourly 1 http://allfinancialmatters.com/2006/04/13/day-16-health-insurance/comment-page-1/#comment-146753 Jim Hicks Wed, 03 Oct 2007 18:26:06 +0000 http://allthingsfinancialblog.com/2006/04/13/day-16-health-insurance/#comment-146753 You are wrong about employer sponsored healthcare insurance plans. They are not always the best buy. In fact depending on how much your employer pays of the premium, your age and your family’s health status you could be paying a great deal more for your coverage than you need to. For example; an employee working for a company that pays for the employee’s healthcare insurance and requires the employee to pay for his/her spouse and dependents will be charged at the group rate. If the group consists an older work force and your spouse and dependents are young and healthy you will likely pay to much for your coverage. For the same reason you cited, that is, the risk of the group is high so the costs are shared by all members of the group. In a case like this you would be better off taking the employer insurance for yourself and purchasing a individual policy for your spouse and dependents. You are wrong about employer sponsored healthcare insurance plans. They are not always the best buy. In fact depending on how much your employer pays of the premium, your age and your family’s health status you could be paying a great deal more for your coverage than you need to. For example; an employee working for a company that pays for the employee’s healthcare insurance and requires the employee to pay for his/her spouse and dependents will be charged at the group rate. If the group consists an older work force and your spouse and dependents are young and healthy you will likely pay to much for your coverage. For the same reason you cited, that is, the risk of the group is high so the costs are shared by all members of the group. In a case like this you would be better off taking the employer insurance for yourself and purchasing a individual policy for your spouse and dependents.

]]>