How Do You Get Individual Plans Similar to Employer Plans?

[STIBROKER]

Insurance companies make money selling group dental and group vision because they know that many of the employees covered by it won't use it..

and if they do and hit the max it only cost the insurance company a couple of hundred dollars after deductible and caps and co~insurance....

 

[FLM]

Even though benefits are better under group the additional cost associated with premiums on the both the employer and employee side make it ridiculous for a small business (under 5 employees) to have group benefits unless you have employees or family members who are uninsurable.

A far better way would be individual plans through an HRA with some additional money contributed to the HRA by the employer to reimburse employees up to a fixed annual level for out of pocket costs-that is a complete Win-Win.