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November 5, 2007 / Author: Tim Bain

Group Health Insurance Cutbacks

QuickQuote Term Life Insurance Blog

Aside from padding the annual Christmas, year-end, profit-sharing, etc. bonus, there is another reason why now may be a great time to get on your employer’s good side. According to a national survey of company chief financial officers and other senior executives by Grant Thornton, LLP, 15 percent of those companies that currently offer group health insurance benefits to their employees plan to reduce those benefits within the next 12 months.

As costs for group health insurance plans continue to increase annually, businesses small and large will continue to look for ways to mitigate the increases. Unfortunately for many, that means the reduction of these benefits or even the elimination of health insurance altogether. Luckily, affordable individual/family health insurance plans may be an option for many.

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Tim Bain

Tim is a licensed life insurance agent with 22 years of experience helping people protect their families and businesses with term life insurance. He writes and creates stuff for QuickQuote and other insurance and financial websites. You can find him on Twitter.

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Applications for life insurance on QuickQuote.com are made through QuickQuote Financial, Inc. or through its designated agent, Timothy S. Bain, only where licensed and appointed. License numbers are available here and are automatically provided where required by law. QuickQuote's National Producer Number is 1927227. Timothy S. Bain is a licensed life insurance agent in 49 states, including the District of Columbia, and his resident state of Nevada. Timothy S. Bain's Nevada license number is 45949; in California, 0D23811; in Louisiana, 274924; in Massachusetts, 1762164; in Minnesota, 20267005; in Texas, 1092088; and in Utah, 134031.
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