Comparison of Smart GLIX Private Market Exchange Program to Employer Sponsored Optional Coverage ($150,000 Coverage until age 76.) Potential savings are $-182 (-16%) the following are annual rates.
Amount of Coverage
$200,000
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Employer Plan Cost
$45.56
GLIX Plan Cost
$67.05
Savings
$-95
Lifetime Savings
$2350.76
Policy Cost Display
Note that any reduction in cost of the employer plan correlates with a reduction in coverage.
GLIX Plan Rates and Coverage Amounts Never Change
Coverage Amount Display
Employer coverage is reduced to 40% at age 70, 25% at age 75.
Policy Terminates at Retirement