Posted on 01/14/2013 6:04:28 AM PST by edcoil
My company will not allow me to opt out of its insurance plan. I have looked into getting my own and it would be half what I have to pay for the company's plan.
I don't see where that is right or even legal to burden me with the additional costs - if I can find less expensive insurance I should be able to get it.
Anyone else in this position and anyone know short of suing or leaving what my option are? Thanks.
Be careful to review the policies carefully. There are some policies that are not “insurance” but rather an indemnity policy. This means that there is a set amount that they will pay you for specific occurrences. For example, they may pay up to $XXX per day for hospitalization. This is different than paying X% of your hospitalization charges. Or, they may have set values for certain surgeries or procedures. These policies have strict limits on total payouts also. Mega Life is one of the companies I have seen pedaling these policies in the past. I agree with other comments, group policies are usually much richer than individual policies.
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