Opting out of family health insurance may be risky. It may also cost a family their life savings.
While it’s pretty much a given that family health insurance is necessary, many families find themselves between a rock and a hard place when it comes to paying the bills and keeping their insurance premiums current. Many choose to drop their family health insurance.
“This is a risky thing to do, because if a member of the family is involved in an accident or contracts a serious illness, your savings could vanish just about overnight while trying to keep up with the bills,” states Evan Tunis of Florida Health Care Insurance, Delray Beach, Florida.
At one time, families could afford to pay a hospital bill when it arrived in the mail. The cost of health care back then is nowhere near what it is now. Given the current state of health care in the US, even relatively minor ailments may run several thousands of dollars. “If you have children, the costs may be even higher, as they get a lot of colds, the flu, ear infections, strep throat, broken limbs, and other illnesses that need medical attention. These are major reasons why families need to have current Florida health insurance,” added Tunis.
“I’ve heard many families comment that they can’t find reasonable health insurance. As a health insurance broker, I know for a fact that there are reasonable policies out there. Furthermore, with the new changes coming in June 2010 and the signing of the Health Care Reform Act into law, the health insurance industry will become extremely competitive. Timing is everything,” Tunis commented.
To get a good understanding of what options are available for family health insurance, check online. “Ask for custom quotes, multiple quotes, and different providers and services – it doesn’t matter what you ask for, you should be able to get virtually instant answers online. Keep in mind that these are quotes based only on information you provide. If that information is inaccurate, it will make a difference in the quotes, so make sure you use the same information for every quote you request,” Tunis explained.
Some people shop first and tailor their budget later. “I find that it’s better to have a budget in mind first and then see what fits that budget. It takes the stress factor out of online shopping, or buying Florida family health insurance in person. It also helps the insurance broker to know what range you are able to buy in rather than hand you options that won’t fit the family finances,” indicated Tunis.