When you’re looking for cheap health insurance for your family, it’s difficult to tell which plan to choose. The first question to answer is whether or not your family qualifies for subsidies. If so, health insurance can be relatively cheap, even for a family. If not, there are some other plans that can save families a lot of money.
Below is a comparison of two of the most popular cheap family health plans – for a couple, both aged 30 who do not use tobacco and live in Dane County with their two children aged 10 and three.
These two plans appeal to very different families. Which plan is the cheapest depends of the family’s unique situation. For example, the silver plan might be a good choice for a family that regularly uses health care services. This is because it offers low copays and no deductible. Plus the maximum out-of-pocket costs in a policy year for in-network health care services are $3,400 (not including the premium of $89 per month).
On the other hand, the Bronze HSA plan has the benefit of providing coverage with no monthly premium. This plan may be a good fit for families that rarely use health care services or families that have already built up savings in a Health Savings Account. The family will have to pay the full cost of health care services up to $13,100. However, this plan does provide good coverage in the case of hospitalization.
When looking for cheap health insurance for your family, it’s also important to consider benefits beyond what’s listed above –
- Provider networks – For example, a family with two young children may want access to the American Family Children’s Hospital in their network
- Wellness Programs – Many health insurance plans offer robust wellness programs, even with the cheapest plan. For example, Unity reimburses up to $200 / year for working out, eating healthy and more
- e-Visits – Does the health plan contact with an outside service to handle e-Visits? Or do they use UW Health practitioners based here in Wisconsin?
Ready to start shopping for cheap family health insurance options in Wisconsin? Get a Quote to have a look at our plans. Have questions? Give us a call at 800.362.3310 to talk to one of our customer service representatives.