Start saving right now on keeping your family covered

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Short-term medical insurance is typically offered at a lower cost than traditional employer-sponsored coverage, and you can put your whole family on a plan.

By Kathy Carvin, HealthMarkets Insurance Agent

With costs for things like food, gas and other necessities connected to everyday living continuing to inflate, most of us are trying to find ways to save money. We’re feeling the financial pinch in a way we haven’t in a while. Cutting back and making do with less works in some areas of our lives, but other expenses cannot be avoided.

I’d like to provide a ray of hope when it comes to healthcare. There may be a way for you to start saving right now on keeping your family covered.

If one member of your household has employer-sponsored health insurance, the rest of the family is likely on his or her plan. But many employers only contribute to coverage costs for the person carrying the plan—not the family members. The family members are on at full price.

This can put a strain on an already strained budget, but there could be a way for you to save.

Short-term medical insurance is typically offered at a lower cost than traditional employer-sponsored coverage, and you can put your whole family on a plan. The advantage to this option is premiums are often about half of what you’ll pay through an employer. Some disadvantages are medical underwriting and preexisting limitations.

Another option is to have your family secure coverage under the Affordable Care Act. Subsidies may be available that can reduce your out-of-pocket expenses.

With both options, a careful review of your circumstances will provide insight into whether you should make a change, or if the coverage you have is the most affordable. Give me a call. There is no charge for my guidance.

Kathy Carvin, a licensed insurance agent with HealthMarkets Insurance Agency, has offices at 10512 Northfield Road, in Northfield, and 28881 Lorain Road, in North Olmsted. Call 216-375-5902.

HealthMarkets Insurance Agency, Inc. is licensed as an insurance agency in all 50 states and the District of Columbia. Not all agents are licensed to sell all products. Service and product availability varies by state. Agents may be compensated based on enrollment. No obligation to enroll. 48784-HM-0822
Categories: Lake County Professional Services