Released: September 29, 2009

Health insurance: Get it at work or go it alone?

Source: Eileen Ambrose, Baltimore Sun

Soon you’ll get your employer’s open enrollment packet, and if the benefits experts are right, you could be facing a premium increase as high as 20 percent.

If you’re young, healthy and barely use insurance, you might wonder if you are better off leaving your employer plan and finding a less expensive individual policy tailored to your fewer needs. There’s no simple answer.

“It may be they can get a plan that’s just as good or possibly even better than what their employer offers for less money on the individual market if they are young and healthy,” says Karyn Schwartz, a senior policy analyst with the Henry J. Kaiser Family Foundation.

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