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Politics : A US National Health Care System?
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To: gg cox who wrote (9372)9/12/2009 10:13:08 PM
From: Lane3  Read Replies (2) of 42652
 
You are in a group of all ages, so risk is spread out, so your premiums are lower than individuals, age is still a factor to the insurance company assessing your group.

Of course. But people of all ages pay the same premium.

How much would it be if you were self employed or retired at age 50 or between jobs?

It wouldn't cost anything. This is a group plan. The folks you mentioned aren't part of the group so they aren't eligible.

If retired or self employed, would the premiums increase between age 50 and age 65?

I'm retired. I retired at 58. Retirement didn't change my premium. Like I said, the only variation in premiums is single vs family.

I know for a fact that they will because there is more risk of illness as one ages and every insurance company is tuned in to risk.

What you "know for a fact" is incorrect.

The risk isn't incurred by the insurance company. As you said, the insurance company offers the company a rate based on the mix of people in the pool. Whatever risk belongs to the company and to the other members of the pool. When you are young, you typically pay in much more than you get in benefits. That evens out when you get old and sick. That's what community rating is all about. As opposed to individual underwriting.

The more the risk the more you pay as an individual and the more you would pay in a Group of white hairs for example.

Of course.

A desirable health plan makes a great employee incentive. I scrupulously avoided getting into a situation where I would face individual premiums or white-haired groups.

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