O.S. Hawkins, the fully insured President of the Southern Baptist Convention's Annuity Board, says denominational health insurance programs are in jeopardy if health care reform passes.
Health care through the SBC's annuity board has been exhorbitant for decades. Nearly 20 years ago my family was forced to seek coverage from another source because the monthly premium increased to an amount that exceeded the mortgage payment on our home by more than $250 a month. Those premiums secured a policy with a relatively high deductible for a minister under the age of 40 with a family of four -- and none of us had health problems.
If the SBC's health insurance program folds, there will be no great loss to the ministers of the Southern Baptist Convention.
1 comment:
Guidestone (the name for the past few years) now offers much more variety of plans, including high deductible, Health Savings Account-eligible as well as traditional PPO plans.
It also will rate each group (church in most cases) for annual premium rate changes. Our PPO premiums actually decreased around 6% for 2010.
Guidestone also offers Senior (retired for IRS purposes) plans addressing Medicare Plan D gaps, etc.
I've been pleased the past several years.
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