As you are aware, PHBP provided for a subsidized freelancer dependent cost structure, effective January 1, 2016. We're happy to report that many of our freelancers have taken the opportunity to save money with PHBP by electing to cover their dependents.
|Subsidized Freelancer Dependent Costs - Update|
Remember - the cost structure requires only $250.00 per month for the first dependent, whether the dependent is a child, spouse, or domestic partner, and then requires only $100.00 per month for each dependent thereafter. Cost savings can be significant. For example, currently, Anthem requires a a monthly payment of $1,570.39 for family coverage, but under the subsidized cost structure, a monthly payment for a spouse with two children is only $450.00!
We've achieved a significant increase in our dependent elections since year end, but we're always happy to welcome more. Stay tuned in the coming weeks for information about a second 2016 open enrollment!