billaaa777 Posted February 10, 2019 Share Posted February 10, 2019 I am not sure if you can name the company if you are making a negative comment, so, to be on the safe side I will not tell which firm increased their fees in one year by such a large amount. In 2018 my coverage cost me 77,000 and in 2019 it will go up to 107,000, that's a 39% increase for a 5,000,000 policy. I turned 62 this year, so the huge jump was not due to moving from one age group to another. i.e. turning 50 after being in the 45 to 49 age group. When I move up an age group I expect a rather hefty increase. My usual year over year increases have been in the 3% to 4% range. My age group jumps normally run 15% to 20%. Can anybody explain why this happened? Link to comment Share on other sites More sharing options...
Puchaiyank Posted February 10, 2019 Share Posted February 10, 2019 Greed and because they can...as you get older you become more of a liability to the bottom line profits...do not expect loyalty...may need to consider placing money in a healthcare-savings account to use in an emergency...otherwise pay your normal healthcare expenses out-of-pocket. Link to comment Share on other sites More sharing options...
JimmyJ Posted February 10, 2019 Share Posted February 10, 2019 You can name the company, and it would be helpful. Link to comment Share on other sites More sharing options...
Sophon Posted February 10, 2019 Share Posted February 10, 2019 I agree, there is nothing defamatory in your OP, so no reason not to mention the name of your insurance company. If you do, maybe someone using the same company know the reasoning behind the increase. Sophon Link to comment Share on other sites More sharing options...
NanLaew Posted February 10, 2019 Share Posted February 10, 2019 Cigna? They've been carpet-bombing my inbox with imminent rate hike advisories after I solicited an online quote from them a few months back. Link to comment Share on other sites More sharing options...
madmen Posted February 10, 2019 Share Posted February 10, 2019 26 minutes ago, NanLaew said: Cigna? They've been carpet-bombing my inbox with imminent rate hike advisories after I solicited an online quote from them a few months back. Never ever get a quote online for insurance. I made the mistake with Regency for expats and now i get their super annoying ads every 30 mins on you tube and developed a dislike for British accents Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.