I will always tell my clients of all the risks facing them; and one of them is potentially higher rates for plan for several reasons
1. higher deductible in the future means higher rates for F over G
2. pools of business closing off stand the risk of premium increases period
Will it happen at once? Probably not, but I feel obligated to explain all future implications especially when it comes to health insurance. I would expect nothing less from an agent from a consumer standpoint. Let me make the decision after fully informing me.
Next thing you know they will want to revoke my life insurance license for asking people the implications for their surviving family members and their home if the bread winner unexpectedly dies the next day.
Personally, agents who don't let their clients know the potential implications because they haven't happened yet (sound logic) or don't know what might happen rate-wise are crappy/lazy agents..
1. higher deductible in the future means higher rates for F over G
2. pools of business closing off stand the risk of premium increases period
Will it happen at once? Probably not, but I feel obligated to explain all future implications especially when it comes to health insurance. I would expect nothing less from an agent from a consumer standpoint. Let me make the decision after fully informing me.
Next thing you know they will want to revoke my life insurance license for asking people the implications for their surviving family members and their home if the bread winner unexpectedly dies the next day.
Personally, agents who don't let their clients know the potential implications because they haven't happened yet (sound logic) or don't know what might happen rate-wise are crappy/lazy agents..