Children Individual Health Insurance, Save you Money!

Many parents these days pays too much for health insurance for their children. Because of the Law CN, most employers pay at least 50% of their health insurance premiums for employees. They are not required to pay a portion of the coverage of a spouse or dependent. This means that parents pay the full amount of the premium for health insurance for their child. In most cases, parents can save money and provide a plan for quality assurance of the health of their children by buying a single policy for each child.

Why should you think about private health insurance for your baby

Individual Health Insurance, taken individually. This means that the rate (or premium) are based largely on the health of the individual. Policy Group factor in health for the whole group, which means that the health of people actually help pay premiums for unhealthy members of this group. In addition, most group plans offer a coverage rate dependent, which means that families with one child pays the same rate as the families of two or more persons.

Save money

If you have your child about the health of your employer, you are probably paying too much for health insurance for your child. child fare to your employer is based largely on age and medical history of the group. Many times we are able to keep your child with the same company that your employers plan, but give a lower premium.

Your childs are protected

When your healthy child is covered by an insurance policy individual health that you have a guarantee of eligibility for preferential rates. You do not have to worry about changes in your employers plan or your employment situation.

If you opt for Cobra or buy another individual health insurance

Whether you left your job voluntarily or I kicked because of the economy, maintain health coverage for you and your family must be one of their main concerns. Even if youre broke, can not afford to not have health coverage. All you have is a bad flu season or a serious accident to make a bad situation worse. Choose the best type of insurance for your family is as important as the decision to maintain. Is it better to enroll in COBRA, or if you go ahead and buy individual health insurance?

COBRA requires employers to let you stay in your health coverage for up to 18 months after you stop working for them. For most families, this cover acts as a safety net to cover them until they are able to sign for a different cover. individual health insurance, by contrast, is private insurance that is purchased directly from the insurance company. If you are an employee or labor will be covered as long as you continue paying premiums.

It is unclear whether individual health insurance is better than the Cobra, or vice versa, because each persons situation is unique and the two cover types have advantages and disadvantages. Under COBRA, maintaining exactly the same coverage under his employer. The difference is that their employer no longer pay the bill, which lets you charge the full cost of insurance. This can be very expensive and may not change its plan to something cheaper. In addition, coverage is only available for a limited time.

The individual health insurance policy you can customize to get what you need, which can lead to insurance premiums cheaper than the Cobra. And, as mentioned above, until you pay the premiums you continue to treat all his life. The main disadvantage of this option, if you have any pre-existing conditions, you may be unable to secure insurance. This of course depends on the type of pre-existing condition you have, but it is quite possible that ultimately excluded, or more money than you do your insurance policy with COBRA. The best way to find the best insurance options available to you and talk about familiar health insurance agent can help you find the policy that suits your needs.