Why do Florida group health insurance plans cost so much?
Groups of less than 51 – Florida group health insurance is sold on a guaranteed to issue basis when the group size is 50 or less. This means that coverage cannot be denied regardless of the health of the group. Needless to say, this makes the underwriters very unhappy and many companies do not participate in this market. Those that do sell products in the small Florida group health insurance market have been raising rates at an alarming rate. Clearly, the rise in insurance rates have outpaced the rise in health care costs. It is a systemic problem that goes far beyond the scope of this web site. Currently, there are not many choices for the small Florida group health insurance shopper. There are only a handful of carriers in this market and none of them can be considered a bargain. If you have less than 4 employees you are going to have a hard time finding an agent. The insurance agents compensation for groups of less than 4 would not even pay for a dinner in a good restaurant. To acco
