Writing in the Marketplace

[ameneses54]

Although I've heard and read disparaging comments about selling to the "underprivileged" in the Marketplace, permit me digress.
The usual health insurance policy, has a shelf life of about 6-12 months, period after which the policy owner will change, lapse or cancel.
The real reason is that there is no incentive to participate if your one of the lucky ones (most are) who have used the policy only sporadically. In the mean time, your premiums have gone sky high (not to mention next year) and you're really ruminating on the huge expense. Now how about Obamacare--it has one huge catalyst and it's that Big Brother is giving you money to pay for your insurance.
How about a 60 year old male who has a $460 tax credit and pays only $80 out of pocket. If that's not an incentive to not drop the policy, than what is?
Let's not forget that you're earning the commission on the total cost of the policy, so now Big Brother is even paying you a part of it.
It's really a numbers game till March 2014, and it could be worthwhile.

 

[somarco]

The usual health insurance policy, has a shelf life of about 6-12 months, period after which the policy owner will change, lapse or cancel.

True, if written direct as a house account. But when an agent is involved you are looking at 3 yrs+

 

[toddoxley]

So, increasing health insurance cost substantially on all individual policyholders and spreading that cost among a small % of the population. Um, that is what Obamacare is, not going to work.

Not to mention the young healthy are not really going to give the insurance industry the $$$ to pay the claims on the newly insured older , sick..

They will scrap this one day and start over....

 

[RayNY]

toddoxley,

As our great leader has informed us, this is a "good investment" for the young and healthy. They would be stupid not to take advantage of this fantastic investment opportunity.

I'm one of those people that was taught a "good investment" is something that pays you more than you put in, or "produces profit". Invest $100 today, get $110 back in a year, 10% return=good investment.

Any investor with a head on their shoulders would tell you to refrain from investing until there is a reasonable expectation of a positive return. That expectation does not exist for young people, it's almost guaranteed we will lose money by participating for the first 15-20 years of eligibility. Failure to participate does not decrease the future return potential, incentivizing those in this demographic to hold off.