Choice Enrollment Blog
Health insurance is a type of insurance coverage which caters to the amount of money spent on the insured’s medical expenses. It has become a necessity over the years, especially for working individuals. For newly-weds and even long-time partners, however, the question of whether to obtain individual or joined health insurance remains. Here are some tips for couples to consider in deciding the best way to secure their family's health:
Expenses from Out-of-Pocket Exposure
One thing to consider is the amount you would have to pay directly from your pocket. If you are planning to apply for individual or multiple plans, the family out-of-pocket limits apply separately for each policy. Applying for multiple policies imply a higher amount of expense from out-of-pocket exposure than applying for a single policy that covers the whole family.
We are all aware that we won’t live strong and healthy for the rest of our days. That is why another factor to consider in getting health insurance is mostly your health and that of your spouse. It would be best to obtain separate health insurance policies if one of you needs more medical benefits than the other.
One may get a policy that is more restricted in medical and surgical coverage for a lower cost plan, but with higher out-of-pocket exposure. On the other hand, the spouse who needs more medical attention may get a health insurance policy that has wider medical and surgical coverage for a higher cost plan, but with lower out-of-pocket exposure. In this way, both can maximize the benefits of their policies.
Sponsored Health Insurance
Being an employee entitles you to Employer-Sponsored Health Insurance. This is by far the largest single type of coverage. So, you and your spouse may benefit from individual health insurance policies offered by your employer. It is also important to note that some companies even offer coverage to spouses.
You may also benefit from Government-Sponsored Health Insurance. Eligibility includes age, disability, and pregnancy. If one of you is eligible to obtain a government-sponsored health insurance plan, the other can continue to have private health insurance.
Deciding whether to get individual policies or a policy that covers the entire family is not an easy task. Nevertheless, it only shows that our health must be given top priority.
At Choice Enrollment, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (719) 481-1616 or Click Here to request a free quote.