Rich_by_the_Bay
Moderator Emeritus
When I FIRE in the not too distant future, I will have the option of continuing my current BCBS policy on my own nickel at standard group rates. I'm grateful for access to this policy, though it is expensive. I 'll probably do a high deductible/HSA deal. This group policy covers the whole state government and is unlikely to be terminated (and if it is, the incoming carrier would likely have to protect the current policyholders). I believe they will cover me if I move elsewhere, though I don't entirely trust my source on that.
Problem is, once I let it lapse for any reason, I'm out. Is it even worth looking for an individua/family policy independently to save a few grand a year, or in this day and age should I just bite the bullet and stick with the "sure thing" meaning my old BCBS policy? I realize that carriers can't summarily drop you because you were sick but I do have concerns about getting stranded if they stop writing the whole product line or if premiums rise inordinately.
In other words, is it worth a few K per year to keep the volume and bargaining power of the state on my side?
Problem is, once I let it lapse for any reason, I'm out. Is it even worth looking for an individua/family policy independently to save a few grand a year, or in this day and age should I just bite the bullet and stick with the "sure thing" meaning my old BCBS policy? I realize that carriers can't summarily drop you because you were sick but I do have concerns about getting stranded if they stop writing the whole product line or if premiums rise inordinately.
In other words, is it worth a few K per year to keep the volume and bargaining power of the state on my side?