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IEEE Comprehensive Medical Insurance
Old 01-05-2007, 07:20 AM   #1
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IEEE Comprehensive Medical Insurance

According to the "financial advantages" IEEE website pages, new applications are no longer being accepted for comprehensive medical insurance. Allegedly because of adverse-selection problems. Current policy holders will be kept onboard until the pool dwindles to 50 active policies.
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Re: IEEE Comprehensive Medical Insurance
Old 01-05-2007, 09:27 AM   #2
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Re: IEEE Comprehensive Medical Insurance

There goes my IEEE membership. The only reason I joined was to have access to their insurance, in case we couldn't get coverage elsewhere.
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Re: IEEE Comprehensive Medical Insurance
Old 01-05-2007, 11:11 AM   #3
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Re: IEEE Comprehensive Medical Insurance

Also, thanks for posting that. Unless I missed it, they didn't send me any kind of notice that the benefit was being eliminated.
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Re: IEEE Comprehensive Medical Insurance
Old 01-05-2007, 11:17 AM   #4
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Re: IEEE Comprehensive Medical Insurance

Quote:
Originally Posted by jeff2006
Current policy holders will be kept onboard until the pool dwindles to 50 active policies.
Yes, and your premium will probably be sky-high, since by the time the pool gets to 50, it will only be those people who can't transfer to another policy due to pre-existing conditions.
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Re: IEEE Comprehensive Medical Insurance
Old 01-05-2007, 12:42 PM   #5
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Re: IEEE Comprehensive Medical Insurance

Quote:
Originally Posted by Baxter
There goes my IEEE membership. The only reason I joined was to have access to their insurance, in case we couldn't get coverage elsewhere.
Same here. That, and to get repeated solicitations for term life insurance !

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Re: IEEE Comprehensive Medical Insurance
Old 01-06-2007, 02:18 AM   #6
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Re: IEEE Comprehensive Medical Insurance

Yeah, I looked into this 3 or 4 years ago, and I seem to recall that their group health insurance did not seem to me to be competitively priced at all. So I never joined.

Kramer
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Re: IEEE Comprehensive Medical Insurance
Old 01-06-2007, 02:00 PM   #7
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Re: IEEE Comprehensive Medical Insurance

Quote:
Originally Posted by kramer
I seem to recall that their group health insurance did not seem to me to be competitively priced at all.
Well duh, that's because relatively healthy people like you (presumably) and I could
do better buying individual policies, leaving the unhealthy people in group plans like
this one and thereby driving up their premiums.

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