When I worked for a small company, one of my responsibilities was selecting health insurance. Having had some experience in a life/health insurance office, I chose BS/BS ... a primary reason for that selection was that it allowed the employee, if terminated, guaranteed conversion to individual coverage with no loss of benefits.Quote:
The same is true for small companies. Coverage for an individual through my company plan was $760/month and coverage for a family was $2100. The same plan through a larger company group was $420 for an individual and $800 for a family.
I had to use that option myself a couple of years later! I currently pay $380/mo for individual coverage (just myself). I will admit that over time my coverage has changed. I have a $1500/year deductible now; much higher than it was just about 5 years ago. I do not belong to a "group" of any kind.