Are Affordable Family Health Insurance Plans Available?

Finding a health insurance plan for your family can be complicated and confusing. The search can provide plans which are either very expensive, or for those that are lower priced, do not provide adequate coverage. The number of families without health insurance varies between 47 to 86.5 million people in the United States. As many as one out of three Americans have been without health insurance. The epidemic poses the question: Are affordable family health insurance plans available? Low cost insurance plans that do provide enough coverage are available, but you must know where to look and how to compare plans to ensure you are getting the best health insurance your money can buy.

Short Term Health Insurance Plans

Whether you are in between jobs, an early retiree, recently divorced or in any other circumstance which temporarily leaves you without health insurance, consider a short term medical plan. With a lower cost than COBRA, a short term health insurance plan will provide coverage for major medical in case of a health crisis. These plans do not cover routine office visits or pre-existing conditions, so they are not right for everyone.

Health Insurance for the Self-Employed

Those who are self-employed often have a difficult time finding health insurance coverage due to exclusions and limitations when it comes to pre-existing conditions. If you have a spouse whose employer does offer medical insurance, be sure to explore that option first, as it may be less expensive than seeking an individually underwritten policy. One benefit of being self-employed when it comes to health insurance is that you are permitted to deduct the entire cost of your premiums from your federal taxable income. Keep this in mind if you come across a policy which provides great coverage but seems expensive.

Mini-Med Guaranteed Insurance Plans

A "mini-med" is a popular option for those who have pre-existing conditions or who have been otherwise denied health insurance coverage. These plans provide basic coverage with defined limits and provide up-front costs, usually through a PPO plan offering negotiated discounts on medical services.

If your employer does not provide affordable family health insurance and you are searching for a medical insurance plan that fits your budget and your needs, check with your State Insurance Commissioner or Office of Insurance Regulation for reputable health insurance providers in your local area. Be sure to compare all of your options before handing over a check for the first monthly premium and signing on the dotted line. Read the fine print and make sure you understand the limitations and exclusions to your policy to avoid unpleasant surprises when the time comes for you to use your benefits.

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