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Affordable Health Insurance For Children

Posted in Uncategorized | August 27th, 2011

affordable health insurance for children
What is a reasonable price for health insurance?

My employer is offering a group plan, but it doesn’t seem affordable for me. $320/month to insure 3 people (2 parents and a child). That is a seriously huge chunk of my monthly income! Or 2 people cost $160/month. This is with a $250 individual deductible or $500 for family. Do I just have a skewed idea of what should be affordable? This is the first time I’ve been offered insurance through an employer. What does your health insurance cost you per month?

It’s going to sound a lot more affordable, once you “shop it out” and find out what this coverage costs if you bought it directly. A $500 family deductible is VERY VERY low – you could reasonably expect to pay $1500 a month for that coverage, if you bought a policy directly from the insurance company.

My family policy, costs us almost $700 a month, and our deductible is $750 per person, or $3,000 for the family.

Yes, the issue is your idea of what is “reasonable”. Your employer is kicking in a HUGE chunk of the cost. “Affordable” is in the eye of the beholder – for some people, $5 a month is too much. But the reality is, each man, woman, and child in the USA averages more than $8,000 a year in medical bills – so for a family of three, anything under $2,000 a month, is going to be ‘fair’. After all, all health insurance is, is “sharing of cost”. People who don’t have claims (most of them) pay in to help pay the claims of people who DO have claims – big ones.