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Archive through February 21, 2000Jim Flynt2-21-00  10:35 am
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phillip franco
Posted on Monday, March 27, 2000 - 7:06 pm:   

Am interested in group insurance
Posted on Thursday, March 23, 2000 - 12:17 pm:   


Thanx for giving it your best shot. You have butted up against the same brick wall the vendors did. That explains why all they can offer is the cafeteria plans.

You did your best and we appreciate it. Could it be that unless we forfeit our independent status and become employees of just one vendor is the only way to get a G-- D--- group health plan?

Ya' know, there are some aspects of this brave new world I don't like!
Jim Flynt (Jim)
Posted on Thursday, March 23, 2000 - 10:04 am:   

I am posting a notice here to let you know that I have run into a dead end street in trying to put together a group health insurance program for CADO Members, and to open the floor to any ideas from other CADO readers.

Previously, BB&T Insurance (a subsidiary of BB&T Bank, and the 12th largest insurance agency in the United States) had been trying to put together a group package for our CADO Members and shopped the national market for a carrier placement.

The problem we ran into was that no carrier wants to offer a group policy with guaranteed acceptance. Such is done with corporations where other insurance products are also purchased, and where the carrier can increase premium cost to the corporation in response to loss experience. The problem of adverse selection with offering group health on the basis of no pre-existing conditions exclusions, means that those who would be most interested in group health, would also be the ones of least interest to the underwriters.

I am bringing this to the attention of the larger CADO audience for consideration, and in the hopes that perhaps some others may have some ideas. I have passed along to some other parties who had expressed an earlier interest, the opportunity to try and put together a package for placement.

Thanks for your understanding. I am at my wit's end with no further ideas or answers at this point. Based on the conversations which I have had, the chances of finding a group health carrier do not appear to be promising.

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