Affordable Family Insurance Coverage
Or call 877-648-2539 between 8am and 7pm (central time) to speak with a locally licensed agent and get a quote!
Affordable family insurance plans can be hard to find. However, there are a number of steps you can take to ensure that your family has the best coverage at the lowest price.
Alter your benefits and your premium will go down
There are some small changes you can make to your plan to lower your monthly cost and still have good, quality benefits.
- Decrease the amount your insurance company pays after the deductible (your co-insurance). If your plan pays 90% after you meet your deductible, find out how much you would save by moving to a plan that pays 80% or 70%.
- Raise your medical deductible. Take on a little or a lot more risk in the case of a medical event and you'll pay less each month.
- Change to a smaller provider network. Your insurance company may be charging you more to have access to doctors and hospitals you won't use anyway. Find out if you can change to a smaller network that lowers your premium and will still give you good access to enough doctors to fit your family's needs.
- Get rid of your accident rider, if you have one. Accident riders can be a valuable coverage, if you have children. But, it's worth finding out how much you will save if you drop your supplemental accident rider.
- Decrease your out-of-pocket maximum benefit and your lifetime max benefit and your premiums will go down.
Consider moving to a catastrophic family health insurance plan
This can be a big step for a family, but a lot of times it is well worth making the change. Moving to a catastrophic plan means that you will most likely lose office visit and prescription coverage. Most plans will still cover these expenses, just after the medical deductible.
Tax savings
Many catastrophic family plans are eligible to be use with a health savings account. Just make sure it's a "qualified" high deductible health plan. Qualified plans are considered eligible to be used with a health savings account (HSA). This allows you to deposit money into your account and use it to pay for a variety of health expenses tax free. In addition, because you are taking on more risk, you are getting a discount on all of your health insurance expenses.
You are in control of your health savings account, not your employer. On top of that, the money rolls over from year to year, and can be used for retirement (after paying regular taxes on the balance) if you don't use it before you turn 65 years old.
Many insurance professional recommend that you use the money you save each month on your monthly premium to fund your health savings account, giving you a tax free nest egg to use in the event of a major medical expense.
Take the next step
It's worth getting some quotes from different companies. Just call 877-648-2539 between 8am and 7pm (central time) to speak with a licensed agent and get a quote!
Find out how your insurance company prices for your family size
Are you a single mom or dad? Do you have children? Many children, or just one or two? Insurance companies have different rating methods for different sized families. Some companies rate on a "single, two-party, family" system, so a family of four pays the same as a family of eight.
Other companies rate based on the number of covered people. \So if you have a family of four, you only pay for four - and if you have a family of eight, you pay for all eight. The idea is, if you have two children and you are paying for a "family plan," you could pay less if you were to move to a "four person plan."
Whatever you decide to do, an agent in your local area can help your family through the details and application process at no cost to you. Having an expert recommend plans to fit your family's needs can save you a lot of money.
Get the help of a local agent for free by filling out this simple form. Put your family in a better financial situation now!
