Family Health Insurance

twood's picture

Health problems can strike any person at any time, and the costs of medical care can quickly cost tens of thousands of dollars so having a family health insurance plan is vital to both their health and your financial stability. Even if a family member has a preexisting condition, joining a group health insurance plan can make it possible to add them to your plan. Consider a few tips that will make health insurance work for your family.

The type of policy could be important, and there are 3 to choose from. A POS, or Point Of Service policy has the lowest premiums, but it also carries the highest out of pocket costs. HMO policies require you to use doctors within a network, or you may be forced to pay for the outside care yourself. In a PPO, you are encouraged to use health care professionals within the network, but you are allowed to go outside the network if you pay the difference in additional cost. If your family physician is not a member of your health insurance network, choosing the right type of policy could be extremely important.

Look for discounts based on good health and healthy activities. Joining a gym is a good way to get in shape and reduce the risks of illness, and so will eating a healthy diet, and both of these things can help save money on health insurance. Compare free health insurance quotes with local agents in order to find an insurance company offering everything your family needs at a price that meets your budget.

Shopping for family health insurance using online insurance quotes lets you compare policy types, coverage and the cost of health insurance between multiple insurers at once, saving you time and narrowing down the choices of best companies for you to work with. It is also a good idea to check the insurance company's reviews in order to get an idea about how their own customer's feel about the company's pricing, coverage, customer service and claims assistance.

Keep in mind that group family health insurance is not as strict as private insurance. If a preexisting condition is involved, many private insurers may not offer coverage, while group plans must accept anyone who qualifies under the terms of the group. Group insurance is available through employers or organizations such as AARP, AAA, and commercial groups such as Sam's' Club.

The cost of premiums will be affected by how much of the costs you pay out of pocket. If you have high deductibles and copays, your premiums will be low. Be careful though, because some medical procedures can quickly total thousands of dollars in unexpected costs. Make sure you understand what your policy covers and how much it will cost you to maintain the coverage.

About the Author: is a writer for US Insurance Agents. She works hard to help provide a fresh perpsective to insurance, personal finance and related topics. Google+