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Posts tagged ‘family health insurance’

by James Tuck

4 Tips for Getting Family Health Insurance

1. The state insurance

State insurance has been set up for people who can’t afford to invest in a private policy and have no other options. Most of the time, the state will not make the parents pay any money for a co-pay but it really depends on the policy. If a person is under insured, the state will often pick up the rest of the tab that isn’t covered by the first insurance. The state has programs specifically set up for families, and pregnant women. Ideally, the state would like to be the second insurance behind a primary insurance. The state programs have been set up for people in need though, so it’s not an option for everyone.

2. Work insurance

Many companies will offer health benefits to the immediate family of an employee. In order for the spouse to get the health benefits, the couple has to be married. It doesn’t matter if the employee is male or female, the spouse is entitled to the same benefits once the couple is married. Although every health insurance company and employment company will do things a little bit differently. The kids are entitled to the company of their natural parents or their guardians. It doesn’t matter if the parents are married or not. Ultimately, the rules and regulations are up to the employment company. All the companies do not offer health benefits though, so this also may not be an option.

3. Private family health insurance

Sometimes, families choose to invest in a private health insurance company. Often times the premium of these polices are decently priced monthly payments for the head of the household. This is a good option for families who do not get insurance through their work but make too much money to get the state insurance. The companies that sell polices to certain companies will also sell polices to individual families, so these private health insurance companies are well known in the health insurance industry. These polices may not be an option for everyone because some people can’t afford the premiums but still make too much for the state insurance.

4. The factors of getting improved for private health insurance.

There are certain factors that are important to the health insurance industry when it comes to getting approved for private family health insurance. The age and overall health of the person at the time they apply are key to how much it will cost to get a policy. It’s highly recommended that people get family health insurance while they are healthy because it’s nearly impossible to get a decently priced policy when you are sick. Bad health can come unexpectedly such as a car accident; which is all the more reason to get good health insurance before you need it.

by James Tuck

5 Tips on Getting Family Health Insurance

Purchasing family health insurance can be confusing for someone who does not have knowledge of the insurance arena. Most people know that insurance is there to protect them during times of sickness or accidents, but there are also things that the common person does not know. Here are some things to consider when purchasing family insurance:

1. Most employment companies offer some sort of health insurance plans, but these plans are often not as good as the plans that can be purchased outside of the company. Many people assume that their company will offer them the best rates, but that is not always the case. In fact, while company benefits may be beneficial for an individual or a couple, when adding to a family plan these coverages can become extremely expensive. Companies are not required to cover additional members at a discount and this could make a drastic difference in premiums.

2. If a person quits their job, they can still have coverage of their benefits through COBRA. COBRA is an insurance plan that allows a person to keep their family health insurance benefits, but without the discount they used to receive. COBRA’s costs are astronomical and many think they have no options, but to have a lapse in coverage. In fact, purchasing an insurance policy from a company independently, avoiding COBRA, can actually be way more cost effective.

3. The lowest plan is not always the best plan. Just because the premiums are within the families’ budget, does not mean that this plan will provide the best coverages. In fact, sometimes the plans that have the economical payment plans will end up costing way more in the long run. Large deductibles and prescription coverages are things that people need to consider when purchasing plans. Family health insurance plans need to be reviewed and carefully read for fine print. What usually happens is that too good to be true insurance plan, is really that, too good to be true.

4. Family health insurance falls into two basic categories, HMO’s and PPO’s. It is always important to shop around and compare rates when dealing with either type of plan. There are numerous insurance companies that have various coverages options. Some will restrict insured people to only use hospitals or doctors that are in their network, this is called a PPO plan. Other plans, will allow a person to go to any medical facility these are called an HMO plan. A policy for a home is pretty standard, but health insurance plans vary greatly; it pays to shop around.

5. Those that have pre-existing conditions may have a hard time finding great insurance coverage. For instance, those who have a family member who is overweight may find that they are denied for coverages from many companies. If insurance is purchased through an employer, the employer cannot limit coverages due to pre-existing conditions. However, when purchasing insurance outside of employment, the insurance company can put all the stipulations the state will allow. Oftentimes, they will put waiting periods and may or may not cover the condition at all in the future.

Regardless of which company one chooses to purchase health insurance through, it pays to do some plenty of research. What works for one family may not work for another. Depending on ages and medical history coverage rates can be drastically different.

by Lyndsie

How to Get Family Health Insurance

Family health insurance protects against significant financial loss in the event that someone in the family gets hurt or becomes ill. Applying for a family plan is much like applying for individual coverage. In fact, sometimes acquiring a family plan can be as simple as adding family members to an existing policy. Shopping around for quotes is a great starting point when trying to purchase a family health insurance policy. The following steps will guide you through the process of getting family health insurance.

Step 1: Shop around for Quotes

When establishing a family health insurance policy, a great way to begin is to shop around for the best rates. There are many online resources available for consumers to receive quotes from more than one company at a time. As a result, this is a great way to simplify comparing companies and their rates. Another way to save time and acquire expertise is to request the help of an insurance broker. Brokers can often quote multiple companies as well and they are familiar with the requirements and underwriting guidelines for the insurance companies they represent.

Step 2: Apply for Family Health Insurance

The application for family health insurance is much like any other application for coverage, only magnified. Health insurance applications are typically extensive and usually require health history going back ten years. When submitting an application for family health insurance, the questions pertain to everyone applying and all “yes” answers require detailed explanations. As a result, this is another occasion where it is advantageous to work with an insurance broker; many times, they will do the paperwork for the applicant.

Step 3: Add Family to Existing Policies

In some cases, one member of the family may already have an individual health insurance policy. Many insurance companies across the states require that an individual policy be allowed to be converted to include family upon request. A typical situation where family may need to be added to a policy is if the policyholder gets married. Additionally, a qualifying event would be if the policyholder has a baby or adopts a child. Adding family members to existing policies still requires an application for coverage.

Step 4: Add Family to Group Coverage

Adding family to group coverage is usually considerably easier than adding family to individual policies. However, with group health insurance be aware of the time constraints. If the policies are not updated when allowed, then the family members may miss the opportunity to be added and covered. Generally, family members can be added to group health insurance for qualifying events, such as childbirth or marriage and during open enrollment. Open enrollment is the time of year that the employer allows changes to be made to group health insurance.

Getting family health insurance is much like obtaining individual insurance. The application for coverage requests coverage for more people, so make a point to shop around to find the best rates for family coverage. Adding family members to an individual policy requires an application, while adding family members to group insurance is typically much simpler. Either way, when adding family to an existing policy, keep track of the amount of time available to make the changes.