Brian Gruss - Insurance Planner
                    …Has Your Best Interests at Heart

Individual Health Insurance -- Case Study 1

The question has been raised several times, is it cheaper for me to get an individual policy and cancel my group policy. The answer is a bit convoluted and may sound like I am dodging the question, but here goes. In some cases it is better to seperate from the group and get an individual policy. Such cases where the group has an "overpriced" policy and is passing on the spending to you the employee, or if your spouse is really expensive. This only works if you are in fairly good health and don't go to the doctor at the first sign of a sniffle.

Another good reason to leave a group policy, is to get into an HSA if the group isn't participating in one already. An HSA will help you save for medical expenses in the future.

I must warn you though, that once you leave group coverage, you most likely won't be able to re-enroll until the next open enrollment period.

Please don't hesitate to contact me for a personal confidential free consultation.