We presently are covered under a retiree health insurance. The writing on the wall seems to be that this type of coverage will, at some time, not be available.
I have been looking at purchasing individual coverage to which the termination/non discrimination protections of HIPPA do not apply.
One issue is while the rates are reasonable now, with both of us in good health, what happens to coverage if we would actually need it (i.e. serious illness, long term illness, etc). Any experience with coverage terminated or extreme rate increase due to claims made or change in health? Companies we are presently discussing this option with are Golden Rule, Assurant Health and BC/BS.
I have been looking at purchasing individual coverage to which the termination/non discrimination protections of HIPPA do not apply.
One issue is while the rates are reasonable now, with both of us in good health, what happens to coverage if we would actually need it (i.e. serious illness, long term illness, etc). Any experience with coverage terminated or extreme rate increase due to claims made or change in health? Companies we are presently discussing this option with are Golden Rule, Assurant Health and BC/BS.