30 Second Insurance Tips©

Tip 4- You Don’t Always Hve To Pay More For Experience

Just because your employees are turning gray, their health insurance doesn’t have to put you in the red.

Premiums for single coverage can easily run about $450/ month or more. Add deductibles, coinsurance and other charges and you could be spending big bucks to keep older, more experienced workers in your health plan.

If you have even one Medicare eligible employee (or spouse), try offering a separate, voluntary contract with annual out‐of‐pocket limits of $2,400. Your premium is $0. And that’s NOT a typo!

The average age of your “regular” group is lower, and you’re likely to have fewer claims. That means lower premiums for everyone.