Quote:
Originally Posted by polishmafia
Also, don't forget that if you have a $300/month or $1000/month plan, your employer can adjust the cost for you up to a 10% administrative fee. :P
Another great point? You're stuck with what your employer offers? Not true. You can go out and get individual insurance (for yourself only, or plus a spouse/children). Just because someone doesn't want to go research their options doesn't give them a right to bitch about having to choose from two "bad" plans. The employer is at fault, too. They should shop around and find an insurance company that would let them choose from more than two plans. A "good, better, best" option (depending on what your definition of "best" is) is offered by many, many companies.
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I guess I can't really speak from experience. Never been layed-off. But, how many people seriously do that? I want to see a hands up. You completely lose the benefit of not being in a pool with individual plans (which are a huge savings for large companies and states). And employer plans are so heavily subsidized by the employer you'd never compete with them for cost. I know it's possible to do, but really who does it?