I think it is an extremely good plan, probably better than anything we could get on the open market. I understand that too many people are collecting on it, and that is why they prices are going up. However.....we have had a massive influx of newhires, many who have joined this plan. I'm assuming the vast majority of them are younger, and not collecting on the plan already, especially since they have to wait a year or two even if they went out immediately.

So, even with the high utilization rates, if you have large numbers of people joining and not using it, shouldn't rates actually be going down?

I am thinking of ditching the plan, sadly, even though I just went on it recently and endured a hassle getting onto it. If this plan costs me about $5600 a year, I can't even collect on it for a year, am very healthy and will probably retire in 5-6 years, I don't think it's worth it. What are the odds the premiums would ever go down? Premiums never seem to decrease.