Wednesday, June 10. 2009Health Insurance with a 3 year rate guarentee.
Did you know there are health insurance plans available with a 3 year rate guarantee, regardless of how many claims you file?
Obviously most would pay the same premium they pay now to lock in their rate for up to 3 years. But does it make sense to pay a little more? Example: Current plan for a family of 4 costs $652.00 per month (year 1). In the 2nd year you receive a 12% rate increase on your premium so your premium is now $730.24 per month. In the 3rd year you receive another rate increase of 12% so your premium is now $817.87 per month. This would equate to a grand total of: $26,401.32 in premiums over the three year period. Here is an example of a health insurance policy with a 3 year rate lock. In the first year the premium is $687.00 per month or $35.00 per month more than your current plan, however in the 2nd and 3rd years the premium remains the same. This would equate to a grand total of: $24,732 in premiums over the 3 year period, a SAVINGS of almost $1,700.00 in premiums! This again is if you only receive a 12% rate increase per year and this may be more depending on where you live, claims, etc. Why take a risk with the unknown. Lock in your rate for 3 years today! To view an instant online quote for health insurance with a 3 year rate lock regardless of claim history click here: Instant health insurance quote with a 3 year rate guarantee Trackbacks
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