How to Find the Best Low Cost Health Insurance for Your Family

Almost 16 percent of American families lack health insurance!

The ranks of uninsured families isn't just the unemployed or families below the poverty level, it's also a growing number of working families who can't pay the high costs of health insurance while still paying the mortgage and putting food on the table. 

It's no wonder that low cost health insurance is a hot topic going into the next election. Health insurance affects everyone, regardless of age or income level. Just one surgery or one serious illness can bankrupt a family.

Before shopping for family health coverage, realize that COBRA is convenient but usually not the best value for the money. It's a good bridge while finding new coverage. Indemnity insurance options are shared costs in which the family pays a set percentage of the healthcare service costs. 

Managed Care plans which are typically HMO (health maintenance organization), PPO (preferred provider organization) or POS (point of service) plans have a group of approved providers who work under pre-negotiated rates.

Thus the cost per visit or per service is known in advance and there's no paperwork for the client to submit to the insurance company. Family indemnity coverage allows for choice of health care providers unlike managed care coverage, which limits the provider choices. 

When making a coverage choice, consider whether provider choice or price is the most important factor in finding low cost health insurance that will meet your family's needs and provide the peace of mind you want in a policy.