Understanding Your Existing Health and Dental Plan
Sometimes this is not an easy task. However, a proper understanding of your current plan is crucial. Knowing that your premiums are going up is a vital first step, but you also need to:
- Know the amount of claims paid by your insurer. Specifically, claims for drugs, dental, and paraprofessional items.
- Learn what the insurer expects to earn from your plan. The markup on all claims is 45%. That means that your premiums are equal to the claims paid plus 45%.