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Originally Posted by TheSenator
Paying close to 1500.00 a month for a family of 5. Horizon HMO, 30 co-pay, 100 emergency, 50% prescription drugs, 300 per day at hospital, etc....
That is single payer health insurance. It sucks because if I ever change coverage or anything else my rates go up to $2030.00
I feel like I am being robbed and penalized for being a small business. Also, I don't really go to the doctor unless I have to because I don't want my health insurance finding out I had a pre-existing condition or that I have a gene that causes cancer.
Anyway, you can only get group rates if you work for a big company. They may say you get group rates when it is five people but it doesn't save you much.
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You may want to explore your options.
I don't know if it's a federal thing or just a state thing for me, but pricing for a small business is done solely based on the age of the participants in the plan. They are not allowed to take anything else into consideration when pricing for a small business < 50 employees.
I learned this because an old employer of mine was getting coverage for the company and we were both concerned that my own health care costs would make it unaffordable for the company. This was about a decade ago. At the time I was incurring about $50k a year in expenses but the premium was based on the fact that I was 20 years old and nothing else.