Host: Is having a high deductible plan in order to keep premiums low a good thing?
Bob Hurley: Most self-employeds are looking for a way to manage their expenses. They typically have a lot of things going on. They want to keep their monthly premium as low as they can keep it on their health insurance. I want to applaud them for getting a health insurance but they also want to keep the monthly premium as low as they can and so high deductibles is a good way to go rather than buying $250 deductible or $500 deductible which by the way, works very much like car insurance. Many of us buy car insurance all the time and we totally get how deductibles work and our car insurance will have $500 deductible or $1,000 deductible. The same things implies with health insurance. The more you increase your deductible, the lower your monthly premium is going to be. So absolutely, a higher deductible health insurance plan is a good way to go to save money on your monthly premium, it protects you from those larger catastrophic types of losses. Certainly, if you end up in hospital from a car accident or just from a health condition, you are going to have the coverage you need. But in meanwhile, you are keeping your monthly premiums as affordable as they can be as you are building your business.