Family health insurance options include various plans and coverage choices that can make shopping for the best health insurance for you and your family a challenge.
Right down to that final question, you can see the challenges of shopping for the best coverage for you and your family. Navigating today’s complex world of healthcare is no easy task but rest assured the experts at Dean Bennett Insurance Agency are prepared to dig in and find the best possible coverage within your budget.
Most family health insurance plans operate on an annual calendar year deductible. This includes coinsurance and an annual out of pocket maximum for covered services. You should be aware that many plans have an additional and separate deductible for brand name prescription drugs.
High Deductible Health Plans that are HSA Compatible
These plans can be PPO or HMO and allow you to open a Health Savings Account and pay for medically related expenses, including your deductible, dental and vision costs with pre tax monies. Other than Preventative Care, you must meet the deductible before you are eligible for benefits or co-insurance. The maximum amounts go up yearly and are regulated by the IRS.
Many families will be eligible for subsidies with the new healthcare plans. To take advantage of the Premium Subsidies, a family’s health plan would need to be purchased on the Exchange.
Dean-Bennett Insurance can help you determine which plan is the best combination of coverage and costs for you and your family. We take care to evaluate all the options available to you, from private company plans to those on the Exchange when determining the best coverage for your needs.
The Patient Protection and Affordable Care Act or PPACA, has been unfolding since it was passed by Congress on March 10, 2010. The next phase of this legislation will make it mandatory for all people to have coverage either through an employer or State Exchange. The enrollment in these new plans is scheduled to begin October 1, 2013 to start January 1, 2014.
If you were on an individual or family health plan prior to March, 2010, then your plan is considered “Grandfathered” under the ACA rollout.
Individual and family Grandfathered Plans are not impacted by PPACA.
If you have one of these plans, you can remain on that plan or you can choose to move to one of the new Exchange Plans.
Whatever concerns you have about getting the best possible health insurance for you and your family, give Dean Bennett Insurance Agency a call today and we’ll happily guide you through the current healthcare market answering each question until you feel properly informed.
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