In addition, with group health insurance, an employer generally offers only 1-3 plan choices and that’s it. Take it or leave it. With Selected Benefits, we can place you with any type of plan you desire at any price point.

Here’s a recent example with one of our clients: Stanley Johnson is employed as a senior manager at a local chemical plant and he has access to excellent benefits which are free of charge for him. These are offered as part of his compensation plan and it’s a $1,000 deductible plan with an additional $3,000 maximum out of pocket on major medical. The plan includes both doctor and prescription co pays.

Here’s the disconnect: Stanley has a wife and 2 kids (ages 46, 12 and 10 respectively in zip code 77027) and the rate for their portion on the group plan is $1046/month. It’s a great plan, mind you, but they don’t plan on having any more children, so maternity is unnecessary.

Stanley was primarily interested in saving money, so we told him to keep the group plan on himself (since it’s free) and we placed his wife/kids with the Cigna Open Access 2000 plan at $517/month. This plan carries $1,000 more risk than the group plan on major medical, so we also added a $5,000 accidental injury plan for $39.95/month (for the entire family) which all but eliminates any accidental injury risk. We also placed his family on a $10,000 critical illness policy for an extra $40/month, again, all but eliminating and critical illness risk (heart, cancer, etc).

The net result was better coverage for the family with much less overall risk and a much lower premium. His total savings were $449 per month (that’s over $5,300/year!) and he eliminated all but $100 of accidental injury and critical illness risk on his entire family (including himself).

If this sounds like it could work for your family, please don’t hesitate to call us at 866.270.6209 and we’ll be happy to analyze your situation completely free of charge with no obligation.