Dependent medical coverage can be easily purchased. Regardless of where you live, a wide range of affordable policies are offered either through an employer or a private medical insurance policy that you purchase directly from a broker or insurer. Usually, rates tend to be fairly low unless there are severe health issues. If there are existing serious conditions, State open enrollment or risk pools will provide low cost plans.
What Is Considered A Dependent?
Traditionally, it is your spouse or child. Stepchildren are usually included in the definition although an ex-spouse is typically not allowed to be classified for insurance purposes. If they are listed on your tax return, there could be an exception. Children that are not living in your household are often covered under another policy.
How Do I Find Out How Much It Costs To Insure A Spouse Or Child?
We make it easy to view rates from all of the top companies. The top portion of this page allows you to enter your zip code to start the free quote process. Quickly, you’ll be able to provide some basic information to determine which companies will offer you the lowest rates. And you can view information for just yourself or yourself and other family members. You can also exclude any person if they are covered by Medicare or Medicaid.
How Expensive Is It To Add A Dependent To An Existing Plan?
The cost depends on a number of factors. Of course, a single person is going to cost less than adding a spouse and multiple children. Also, rates in certain states, such as Ohio, will tend to be cheaper than other states such as New Jersey or New York. If it is a group-sponsored plan, than the percentage of the premium paid by the employer will have a tremendous impact on your cost.
Many years ago, most employers paid the full cost of many benefits. Today, of course, that has dramatically changed. In fact, many small businesses provide very little benefits for their employees. Keep in mind that children can remain on their parent’s coverage to age 26. However, a private policy is not likely to be expensive if they are removed from the group coverage.
If you already have an existing independent health insurance policy, juvenile premiums should not be that high. Usually, the monthly cost will be between $25 and $100 per month per person, assuming there are no major health issues present. However, adding a spouse can be more expensive since the husband or wife will be much older than the children. Also, the likelihood of a major health condition is higher, so the risk of denial of coverage is a possibility. Online coverage is always available.
If a spouse or child can not be added to an existing policy because of medical problems, there are other alternatives. Most states have “Open Enrollment” programs that offered medical coverage to dependents. “High Risk Pools” have been created by the “Affordable Care” Act that could potentially help, if all of the criteria are met. Rates will vary from one state to the next.
Pennsylvania rates, for example are only $270 per month (approximately). Most other states have higher premiums. In 2014, it’s possible that State Exchanges will offer coverage. If this occurs, the availability of policy choices will be limited to four basic plans. Under certain conditions, you should be able to keep your existing policy, if you are now paying your own premiums.
Can A Dependent Buy His/Her Own Medical Insurance?
Yes, they can. However, depending on the age of the person to be insured, options may be limited. For example, if it is a child under age 19, many health insurers will not offer coverage unless a parent is included on the policy. “Child only” health care plans were largely eliminated in 2011 due to changes from national health care reform. “Short-term” plans are usually available although benefits will be limited. Also, many existing conditions may not be covered. Once again, there are exceptions. Highmark offers “child only” plans. In some states, so does Assurant.
A spouse can easily apply for their own personal plan. The a separate cost of a plan is often substantially lower than the group rate through an employer. The reason is that often group medical insurance premiums through employers are often very favorable for the employee. But once a spouse and/or dependents are added, the employer may no longer be contributing towards the coverage, and the cost increases.
Maternity benefits are much more likely to be covered under health care through an employer. If this is a potential issue, spouse benefits through an employer should typically be accepted, unless an individual plan is available with maternity coverages. However, many individual plans either don’t include maternity coverage or charge a very high premium for its inclusion. However, costs are quite different, depending on which state you live in.