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Originally Posted by Jim
I am looking at that Tommy. Not selling but more sharing. The larger the group, the cheaper the insurance is. I talked to my insurance guy and he told me that if I could get just 10 people, we would be considered a group.
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Jim, I would be interested but don't you need 10 in 1 state?
Group insuarance can be a little cheaper but the big advantage is that there is no limit on how much an insurance company can raise premiums on individuals. Like if you get cancer they can raise your rates to $1,000,000 a month effectively cancelling you. Most states don't allow them to do that with group plans.