5 Things You Should Know Before Shopping for Family Health Insurance

Shopping for family health insurance can be tricky because each person will need different types of care. Kids will need a very different type of care than adults need and they will need a lot more of it. If you’re getting ready to shop for family health insurance here are 5 things you should know before you start shopping:

1. There are two kinds of health insurance for families. You can choose from group or individual coverage for families. If you have someone in your family that has a serious medical condition and you choose group insurance your rates could go sky high, so consider carefully which type of insurance is the right kind for your family.

2. Learn as much as you can about the different types of insurance plans for families. There are 4 main types of insurance plans for families: HMOs, PPOs, POS’, and HSAs. With that many options you should have no trouble finding one that is a good fit for your family but make sure that you study all the options before you pick one so that you know you’ll be getting high quality family health insurance at a price you can afford.

3. Consider the price of the co-pay – The co-pay that you choose can have a huge impact on the cost of your annual premium. So while an adult might be able to handle high co-pays on routine doctor visits once or twice a year to keep annual premiums low a child will need to see a pediatrician regularly and having a high co-pay might make regular visits too expensive. When you are choosing a family health insurance plan make sure you think about how often each member of the family will need to see a doctor when you’re choosing a co-pay.

4. Talk to an insurance specialist – If you have a lot of children of different ages. If you have a child that has a medical condition that makes it too expensive to get insurance for the whole family talk to an insurance specialist before you buy family health insurance to find out what your options are and what the most affordable family health insurance is for your family.

5. Ask your family and friends what insurance plans they use – Other parents that you trust are always a great source of information. When you have questions related to your kids or taking care of your kids. Ask your family and friends what family health insurance plan they have and whether or not they are happy with it. Recommendations from family and friends are a great way to find family health insurance and can result in savings for both of you if the company offers a referral rewards program.