Monday, April 28, 2008

HEALTH INSURANCE FOR A CHILD

I do not know much about Health Insurance. I think it is soooo confusing. I thought I would pass on something I learned about my son's Health Insurance. As far as I understand if you are on a group plan (typically through an employer) then they charge you the same rate whether you have 1 child or 4 children it is the same or 5 or 6 or whatever. If you only have 1 child then it is a lot cheaper to put them on their own individual plan instead of having them on a group plan. I hope I am making sense. Here is my example...when we had our son we were going to add him to a group plan and it made our insurance go up about $240. Instead we put him on his very own individual plan through a different insurance provider and it only cost $100 for his insurance (which is great coverage) for a savings of $140 a month. I hope this helps someone out there. It is completely legit and acceptable through the insurance companies.

7 comments:

Lindsey said...

That is great to know... I'll have to look into that.

Jinii said...

This is awesome to know. I was just looking at that the other day. We are going from the couple to family and it doubles our monthly premium. Would you mind if I emailed you and asked specifically what plan your son is on.

Geoff and Joy said...

so glad you told us about this, we are paying almost $400/month for our insurance when before we were paying like $200. I will have to look into this! Thanks

Geoff and Joy said...

what insurance provider did you put him on?

Karen Scoffield said...

We put him on Altius. I sent you an email about it, Joy.

mrsneyman said...

IHC is good about that.

Leah and John said...

what a great thing to know, i was wondering what to do since my health insurance shot up a couple hundred..