Children and Dependent Coverage
All too often when a family has no insurance they will postpone medical care especially preventative care. When they do go to the hospital the industry practice is to charge uninsured patients the highest fees. In many cases working parents are paying a lot more for their dependent coverage, and some have dropped their children from their employer-sponsored plans due to affordability.
In a free market wherever there exists a need that is being unfulfilled the market generally moves to fill that need. We are seeing this to some extent in the health care arena.
While it’s not a panacea the plethora of discount plans now available along with the sub-standard plans brought to the market by traditional providers offer at least a partial solution. For example you can get significantly more affordable lower monthly premiums on your health care insurance if you are willing to take a plan that has a maximum benefit amount of $100,000.
While that may not be enough to cover a catastrophic medical issue, if your child or spouse had a 3-4 day stay in the hospital costing roughly $30,000, you would be darn glad to have that policy.
For others they can see significant savings by simply insuring the kids and or spouse with individual insurance and removing them from the employer-sponsored plan. There is a silver lining here as with an individual policy on your dependents you should never have to qualify them with another insurance company or pay high COBRA rates for them when you change or lose your current position. This is of course providing you keep them insured with continious coverage.
We believe we have at least a partial solution for almost everyone. So if you are looking for lower cost quality medical coverage for yourself or your dependents give us a call at (888) 818-2210 or email us. The generic quote system we use with this site won’t necessarily provide a quote for these types of plans so don’t hesitate to fill out the insurance contact form so we can provide a specific quote for what you need. Whether you need a short-term polcy to cover a student graduating or are looking to replace high cost employee sponsored plan dependent coverage it doesn’t cost anything to find out.
Date: April 17, 2012
Categories: Health Articles