Quote:
Originally Posted by The Dad Fisherman
Don't know about that anymore....I checked on them last month and it was cheaper for me to keep COBRA instead of going to them...
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Your correct, by law you can only be charged either 2 or 3% more than what the group pays. So as was pointed out your getting the benefit of the group rates. What might be chearper is a underwriten individual policy. Mass may be a guaranteed issue rate and you may have gotten quoted for that. If your healthy and they have an underwritten policy, you may be better off.
Waiting periods protect the insurance companies and thus are reflected in lower rates. They prevent someone who knows they have a medical condition from purchasing coverage to get treated specif. for that condition. Their similar to pre-existing exclusiions (which is what usually is the reason ins. companies canc. policies - people lie about their pre-existing condition.)
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