I was in the insurance biz for years, and you are absolutely spot on. That would work.
Thanks, AAM.
I’ve always wondered if employers really pay the amounts they say they do per policy. It always struck me that it should include some kind of reimbursement if their group didn’t spend that much.
What makes me wonder is my wife’s policy at her place of employment. I’m a military retiree, so she could easily be on my policy. However, her employer says he pays 15,000 a year for her family policy, but if she goes on mine, they only offer a one time payment of 3,000 to her.
Seems like if they were saving 12000+ a year that that amount would be considerably higher and annual rather than one time. So, it’s made me wonder if they were really paying what they claimed they were paying.
Do you have any insight on that?