If you are looking for family health insurance, then you have already begun your journey on the right note. Family health plans combine the advantages of group insurance and individual plans. They are cheap, as there are more people accessing insurance. And it can be personalised as it caters to the health needs of just one family.
Family plans are often more lucrative and affordable than other plans. It would be much cheaper to get a family plan than to insure every member of the family individually. And since more people are a part of this package, the premium is reduced considerably and this makes family plans affordable.
Not just when compared to individual plan, but family health insurance can often be cheaper than the group insurance that is provided at work, even though you have to pay the entire premium from your pockets. And not just the price, family plans prove to be a better deal when you compare other criteria as well such as added advantages, prevention and wellness benefits, personalised healthcare services and the likes.
The kind of family plan that a person will choose will depend on two factors:
– The family budget for health insurance
– The individual medical needs of every member
A thorough knowledge of these two criteria will give an idea about the kind of plan one should opt for, the insurer he should choose and whether he should go for a private plan or a government aided policy.
When looking for a family health plan, one usually has two choices. He can either opt for an indemnity plan or can go with a managed health care plan.
An indemnity plan is one where a person has to pay for his medical expenses and then later on get it reimbursed from the insurance companies. Such a plan usually comes with a wide range of variety of doctors and healthcare service providers and can consult any doctor that he wants to samp.
Costly indemnity plans are now rapidly getting replaced by managed health care plans such as HMOs, PPOs and PoS. These plans have limited flexibility and there is a prescribed network of healthcare service providers that a beneficiary has to stick to. Consulting beyond the network will invite costlier premiums. However, these plans are cheap and they focus on providing primary and preventive health care.
Accessing family insurance is easy. You could either buy one yourself or you could buy one from work. Most employees provide family medical plans to their workers. And even if yours does not, you could convert you individual plan given at work to a family plan at a little extra charge.
The best place to look for family plans is to check on the internet. You need to go through all the plans carefully to check of if it fulfils all the requirements of every member and the easiest way to do so is going online. Apart from that, comparing quotes online is faster and hassle-free.