Let us suppose that you have recently lost your job, which is happening to so many people. This means that your employer is no longer paying for your affordable family insurance plan. You may want to consider COBRA coverage. COBRA is a federal program that allows you to continue your enrollment in your employer’s group health plan. However, you have to pay for your own monthly premiums. Group health plans are often not affordable family insurance when you have to pay the premiums out of pocket. Group health plans are much more expensive than similar priced individual or family health plans. Therefore, continuing to pay for your same group health plan may not be exactly what your consider affordable family insurance.
This means that you need to start looking around for affordable family insurance plan options. You can check with different insurance carriers to see what plans they offer. Or better yet, call up an independent insurance broker and ask his or her office staff to help you. An insurance broker is licensed with several different insurance carriers to sell their products. This is at the same price as you would get directly from the insurance carrier. However, often, the customer service is better from a broker. Also, you can get information from different affordable family insurance plan options from different companies at one time, rather than having to go search the internet and several different web sites for the information separately. In addition, an insurance broker will be familiar with the different carriers and their different affordable family insurance plan options, so they can help you narrow down the options. Often, looking at affordable family insurance plans and policies is overwhelming because there are so many choices. It can be helpful when a real person listens to your needs and suggests affordable family insurance plans and options that will best meet your own particular needs.
You can design your particular affordable family insurance policy to have higher monthly premiums but pay out high benefits quickly, or you may choose to have high deductible policy that has low premiums even if it does not start paying out benefits right away. This really depends on you and your family members’ medical and health needs, as well as your financial situation. Wanting to find an affordable family insurance policy does not necessarily mean the same thing to everybody. A family that has medical needs and family members who take regular prescription medicines will need a different affordable family insurance policy than a family who is made up of adult-aged members who are healthy and have no medical or health concerns at the time of application. Some families are planning to become pregnant or add children, and their affordable family insurance will look very different than a family who has no children or is in a later stage of life.
In fact, sometimes it can be helpful to examine your life stage in order to choose an affordable family insurance plan. Some insurance carriers suggest affordable family insurance policies based on the prospective members’ age or life situation. If you go through a broker, be sure to discuss your age, state of residence, and life situation to them, in order that they help find you the best most affordable family insurance policy.