Monday, January 29, 2007
Joann Visconto was allowing for buying life insurance that was obtainable through the bank where she works. But the policy had a premium that could rise every year, and it wasn't moveable, so she would lose coverage if she changed jobs. So Visconto, who is over 40, called an agent and bought a certain level-premium policy for a similar price. "When you go with a broker," says the Burlington, N.J., resident, "you can inform him this is what I want, and he is going to get it."
When benefits are offered for sale in the workplace, employees often suppose the products have been independently vetted by their company's officials and are improved or cheaper than those in the marketplace. That isn't always the case, though, and consumer advocates and financial advisers say employees should shop approximately before buying a number of the benefits offered at work. Critics of limited-benefit medical plans say an individual could be insured, but still risk disastrous hospital bills. Health-insurance experts say employees should opt for the plans only if reasonable comprehensive group coverage isn't available from a spouse, parent or other source.
posted by renaa
@ 3:25 PM
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