Do You Have A Competitive Life Insurance Rate?
The old saying goes that you should keep you life insurance policy once you purchase it because it costs more as you get older. This saying is only partially true for most and can cost you thousands is you follow it. Many believe that this was simply a ploy by insurance carries to help keep business on the books and prevent people from rate shopping once they had a policy.
Small Group Employers In Connecticut May Want To Consider Alternatives
Group health insurance rates are becoming a greater burden on small employers with every renewal. Double digit rate increases have become the norm. So what can a small employer do to help off-set rate hikes?
Most employers have simply been going by the standard formula of increasing the employees contribution toward the plan premium and raising medical and Rx copays to keep things at a manageable level. More proactive groups use either HSA or HRA designs in order to offer a plan with a more substantial deductible in order to lower premiums. Such strategies are becoming more and more popular every year.
Insurance Companies are starting to roll out the plan changes for 2010 and the trend is disturbing. Much like group and individual health insurance, Medicare Advantage plans are seeing increasing trends. The difference is that the Medicare Advantage companies are increasing rates and lowering benefits at the same time.
With licensed sales professionals in both the investment and insurance fields, the experienced and knowledgeable team at Crowe & Associates can tend to your various needs.
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