Originally Posted by daveson
Upon my next renewal, my quarterly payment will go up about $200. I am now paying more than twice what I originally paid when I first bought this policy about seven years ago, and I've even cut back on benefits significantly over the years. In seven years time, I'm paying more than double and receiving less coverage.
I checked some quotes at (link removed OWG) and was able to check on several premiums I can afford.
Be careful about reducing your coverage. You can reduce your coverage but then if you want to increase your coverage, then it is basically like getting insurance again and you will be quoted at the age you are now.
I received personal insurance last year and it went up about $30.00 a month. I called them to talk to them about reducing coverage since I got into a group plan, but they said that if I ever wanted to increase it, I would have to go through the sign-up process again. And with my current medical diagnosis, they said that it would probably be $1,000 or so a month, if I was lucky enough to even get it.
I went to eHealthInsurance
. It turns out they are actually based right down the street from us when we were living in Encino.
Stay with the higher coverage, it will protect you more in the end. With the personal plan, I am out of pocket $1,500 a year. My deductible is $500 but they have added this new thing called co-insurance which basically costs me $1,000 a year.
You might also talk to your local insurance agent. They helped me out a lot about seven years ago when I was an office manager. A lot of times, that is just easier and they will explain everything to you