UnitedHealth Will Now Sell You Insurance for Insurance
The health insurance mess has come to this: UnitedHealth will now sell you insurance that guarantees your future ability to buy health insurance, even if you get sick, the New York Times reports. Robert Collins, president of UnitedHealth's individual insurance unit, is the first customer for the product called UnitedHealth Continuity. It costs him $50 a month. For "a very modest premium," he told the Times, Continuity protects a person's future insurability. Then again, your future insurability may change for the better, if the Obama administration follows through on plans for health reform and broader health coverage. "As an individual, you're betting against health reform," by buying this product, Peter Lee, of the Pacific Business Group on Health, told the Times. There are limits to the insurance hedge, even if you do want to place your bet with it. Sick people won't generally be eligible for Continuity, the Times writes. And after passing the medical hurdle, you're looking at plunking down about 20% percent of the current premium on the individual policy you'd like to have down the road. Finally, Continuity is available now in 25 of 40 states where UnitedHealth sells individual plans. The company is working on getting approval for it in the other states where it does business.
Then again, your future insurability may change for the better, if the Obama administration follows through on plans for health reform and broader health coverage. "As an individual, you're betting against health reform," by buying this product, Peter Lee, of the Pacific Business Group on Health, told the Times.
There are limits to the insurance hedge, even if you do want to place your bet with it. Sick people won't generally be eligible for Continuity, the Times writes. And after passing the medical hurdle, you're looking at plunking down about 20% percent of the current premium on the individual policy you'd like to have down the road.
Finally, Continuity is available now in 25 of 40 states where UnitedHealth sells individual plans. The company is working on getting approval for it in the other states where it does business.
Help! Head won't stop spinning! Come, my friends, 'Tis not too late to seek a newer world.
indulgences, they used to call them! ~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~
It costs him $50 a month. For "a very modest premium," he told the Times, Continuity protects a person's future insurability.
My monthly premium is, I think, about $200. Only the insurance industry could call 25% a "modest" premium.
I'll keep my fifty bucks and donate it to a health reform PAC so that these weasels don't stop it this time, thank you. Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
