When you are sick, you want to know that someone is going to take care of you and your family financially. That’s what we do at Family Health & Benefits. We’re here to make sure that you’ll have peace of mind when it comes to your healthcare coverage.
What is Family Health Insurance?
Family Health Insurance plans are designed to provide comprehensive coverage for families at a reasonable price. Since they cover many aspects of healthcare, they often cost less than traditional individual policies.
The benefit of these types of policies is that it provides coverage for both children and adults in the same household. These policies may also work well for individuals who have no dependents due to their low premiums. Another advantage is that they allow people to receive care regardless of where they live.
However, choosing a specific policy can be quite difficult, especially if you don’t know what kind of coverage you need.
Things to consider when looking for a Family Health Insurance
Here are some things to consider when looking for a Family Health Plan.
The first thing to look at is whether or not you want to choose a PPO (Preferred Provider Organization) plan. These plans give you the freedom to select any doctor or hospital that you want; however, they do require that you pay a small copayment for each visit.
If you aren’t familiar with those doctors, then you won’t have much choice. On the other hand, HMO (Health Maintenance Organizations) policies only cover certain providers, but you never have to worry about how much you owe since your provider takes care of that.
You simply have to make sure you go to the right place.
Another major consideration in choosing a Family Health Plan should be whether or not you want coverage for prescription drugs. Most companies offer drug coverage, but it varies widely between them.
A few companies provide unlimited coverage while others cap it at a certain level per month. Another option is to purchase a separate prescription card for your family members. This way you could use one card for yourself and one for everyone else.
If someone gets sick, you just call your doctor to get a refill.
Lastly, if you have a pre-existing condition, you might find that the company doesn’t insure you. There are several factors that determine whether or not you will be covered, including your current medical history.
Make sure you ask questions before signing up so you can avoid getting stuck with a high deductible. Also, remember that you won’t always be able to switch to a different carrier once you’ve signed a contract.
That means buying insurance isn’t necessarily a guarantee that you can afford treatment later.
If you already have an existing policy, you still have options. Many companies now offer discounts to existing customers, so check out your bill to see if there is anything that looks suspiciously cheap.
Ask your agent about switching insurers, even if you think you have nothing to hide.
Benifits of Family Health Insurance
Family health insurance is known to provide great coverage for families who are faced with medical emergencies or costly hospitalization costs. However, not many people know about the unique characteristics of some plans that they may receive when signing up for these types of policies. Here are some of the benefits of family health insurance:
- Coverage for You and Your Family – There are different options when looking at family health insurance. Some plans offer coverage only for members of a household while others cover the whole family. Depending on what type of policy you choose, you might even have access to discounts and savings if you already have similar plans.
- Preventative Care – If you don’t want to pay out-of-pocket for expensive treatments and procedures, then having a policy that covers preventative care will allow you to get checked out without breaking the bank. Many plans offer vision, dental, and routine checkups for free. These services aren’t always covered by individual policies, so having a group plan can help make sure you’re getting everything done you need before it’s too late.
- Affordable Healthcare – Having a policy that you can afford isn’t just nice; it’s necessary. According to the Health Insurance Marketplace, the average monthly cost of healthcare premiums is $1,098 per month. That doesn’t sound bad until you realize that most employers offer healthcare benefits for less than half of that amount. In fact, the average employer contribution per employee is only around $400.
- Lower Premiums – Since your premium payments are shared between more people, your rates are likely to go down. Most group plans have lower rates than their individual counterparts, sometimes as much as 40%. Group plans also tend to allow younger workers to enroll in Medicare Part B for much cheaper premiums.
- Flexible Benefits – Many group plans offer flexible benefits. For example, some plans may offer discounts on prescription drugs or even reimburse you for certain doctor visits. Some plans even allow you to select your own doctors or facilities so you can find providers that fit your personal preferences.
- Get Started Early – If you are thinking about purchasing a health insurance plan, it’s best to start early so you have time to evaluate each policy. Starting to look for group plans while you are still working means you’ll already be familiar with the benefits offered and won’t have to wait until you lose your job.
Family Health Insurance Plans (FHIP) were created to provide affordable coverage for families who do not qualify for government-sponsored programs like Medicaid or SCHIP.
FHIP plans typically cover preventive care services, including immunizations, routine screenings, and physical exams; maternity and newborn expenses; mental health services and substance abuse treatment; prescription drugs; and hospitalization.