Twenty-one states have considered legislation to allow the sale of insurance across state lines. Five states actually allow that now - Wyoming, Georgia, Kentucky, Maine, and Rhode Island. Two of those states passed the law pre-Obamacare and the rest passed the law post-Obamacare. Do you know how many insurance companies have taken advantage of these laws and sold policies in states that they had not done business in before? None. Do you know how many policies have been sold to people in those states from companies not currently doing business there? None. There is absolutely no financial incentive for companies to sell the policies or for the people to buy them. That isn't changing any time soon the way insurance works in this country.
Very interesting. Thanks for the info.
I’m on the verge of 65 (despite my youthful appearance) and I’m getting a lot of junk mail from companies that want to sell me supplemental insurance. I will get supplemental insurance from my former employer so I haven’t bothered to check into it.
I live in Michigan. I don’t know if the supplemental insurance solicitors are in-state or not. I’m guessing not, but I don’t know that for sure. It’s likely I will get more solicitations so I’ll try to pay more attention to whence they come from.