It is crucial for every child to have health insurance. Many children suffer broken bones and other accidental injuries. Additionally, school exposes them to a number of contagious illnesses. Some parents find it difficult to afford health insurance for children. Fortunately, it is possible to reduce the monthly premiums in several ways.
In most situations, the least expensive way to obtain health insurance for children is to purchase it through your employer. If both parents have jobs that provide family health plans, be sure to compare the cost of insuring a child on either plan. When one parent changes to a new job or an employer switches to a different insurance company, don”t forget to compare them again.
Another way to save money on a child’s health insurance is to select a policy with a higher deductible. This will significantly reduce the monthly premium. However, you will have to pay more if your child needs treatment. This may be a good option if your child is generally healthy and you have the ability to save some extra money.
State governments offer programs that subsidize the cost of health insurance for children. Discounted or free coverage is available for qualifying children in every state, according to the U.S. Department of Health and Human Services. These subsidies are provided by Medicaid and the Children”s Health Insurance Program.
Eligibility for state assistance is based upon household income and the number of children in a family. This is often the best choice for unemployed people and parents with jobs that don”t provide family health coverage. Parents can obtain more information by calling the Department of Health and Human Services at 877-543-7669.
Another option is to look for an insurer that offers special discounted health plans for children. For example, Kaiser Permanente only charges $8 to $15 per month to insure children in households with low to moderate income. The availability of such programs will vary depending upon where you live.
Finally, you can also compare the rates offered by other types of organizations. Some state and local nonprofits supply discounted health insurance policies for children. If you hold membership in a union, find out if it provides affordable family coverage. A number of associations, clubs and other groups offer discounted health insurance as well.