If you are raising a family with young children, then it makes a lot more sense to get a family health insurance policy than to obtain separate insurance plans for each individual. You can get such a plan from the Affordable Care Act marketplace, though if you’re employed then it’s entirely possible that you can get that plan through your employer.
What’s most important is that you realize the absolute necessity of getting insurance for your whole family. If you’re still not sure about the benefits, consider the following:
It’s the law. You won’t go to prison if you don’t have health insurance, but you’d have to pay a hefty sum in tax penalties. That law is not just for yourself and for your spouse. It also includes your children, and that means you’d have to pay a large amount of money for each uninsured child too.
It’s affordable. There was a time when insurance was pretty expensive, and some providers even refused to offer coverage if you had any preexisting medical conditions. That’s no longer true under the current Affordable Care Act, which not only requires insurance companies to cover people with medical issues but also allows for tax subsidies for you and your loved ones. If you qualify, then you can get substantial tax breaks to help you pay for your insurance.
You can avoid bankruptcy. A serious medical condition can lead to terribly expensive treatments, and many people can’t survive such a financial burden. In fact, some people can even end up bankrupt even when they have insurance, because what they had did not cover enough of their expenses.
It’s important that you get the right kind of health insurance coverage that covers as much as possible while you can still afford the monthly premiums. So again, don’t forget about the subsidies. You also have to think about deductibles and make sure that you can pay for that amount before the insurance policy kicks in.
You also have some leeway as to how much of the expenses the insurance is supposed to cover. The bigger the percentage of the bill, the higher your premiums will be. But paying higher premiums may be worth it because you’re really insured. It means that if someone in the family does get sick, you won’t end up losing your house and your savings.
Your whole family receives preventive measures. Children all have to be immunized for many types of diseases and the costs of these shots are all covered by a proper health insurance plan. Kids are also screened for various medical conditions, including issues with their vision and hearing, blood pressure, and mental development problems. They’re even checked for obesity issues.
All these aren’t just for the children. The adults are screened for various ailments as well. Some services are exclusively for women who don’t want to get pregnant or who want to make sure their pregnancy goes well.
Everyone enjoys regular visits to the doctor. Your family shouldn’t just visit the doctor whenever they’re sick or injured. Everyone should be checked regularly, so that many types of medical conditions can be detected as early as possible. Many medical conditions are much easier to treat when they’re found early, and the cost of the treatment is also lower.
Everyone needs a proper health insurance plan. If you have a family, then you should do yourself a favor and get a family insurance policy to make sure that you and your loved ones have adequate coverage.