Family Health Insurance

Welcome to Michael Higgins Insurance, whose principal agent, Michael Higgins, has more than 30 years of experience recommending Arizona family health insurance to residents of Arizona.

In the past, the best way to save on family health insurance was through a policy at work where the employer paid for the entire premium. In order to ease the ever increasing rise in health care costs, many companies, large and small, are asking their employees to help cover some of their individual or family health insurance premiums. Consequently, many folks that do have health insurance through an employer find that the cost of insuring their spouse and children on the employer’s group plan to be too expensive. Opting out of the company’s family health insurance plan leaves not only the employee’s spouse and children at risk, but also the family’s financial well being. Exorbitant out-of-pocket health care expenses can accumulate during an acute or chronic illness of a spouse or child. At Michael Higgins Insurance, we often suggest an alternative to this: insure family members on their own family health insurance plan or insure the children separately. There are times when insuring a spouse on an employers group insurance plan is cost effective, but the family rate is much higher. In these situations insuring the children with a “child only” family health insurance coverage is a wise move.

Saving Money On Family Health Insurance:
If you are applying for child-only coverage for a child under the age of two, it is almost always less expensive to apply for a family health insurance plan with a parent and a dependent on the policy. This is the only situation where insuring two people costs about the same as insuring one person. Children under the age of two are expensive to insure, but as a dependent on an adult’s family health insurance policy, the premium drops considerably for the child.

Michael Higgins Insurance recommends that his clients choose the highest deductible they can afford. The higher the deductible, the lower the monthly premium will be. Many families are choosing the Blue Cross Blue Shield of Arizona option where they are able to combine a high deductible family health insurance plan (HDHP) with a family health savings account (HSA). HSAs are like IRAs for your family health insurance. You buy a high deductible, low premium family health insurance plan, and then every month put the money you save into a tax-free savings account. When you need money to pay for your medical expenses, it comes out of the HSA account tax-free. The qualified HSA plan for individuals and families is the Blue Portfolio policy. For small groups the name of the HSA plan is the Blue Secure policy.

Reasonably priced family health insurance from Blue Cross Blue Shield of Arizona assures that your children will have access to good health care. Family health insurance coverage for preventive care such as routine doctor’s check-ups, physicals, immunizations and vaccinations, and well-baby care is vital to ensuring your children stay healthy. Preventive care often can discover the early signs of illness before it turns into a serious condition.

Don’t go another day without some type of family health insurance coverage.

Call us today at (602) 405-8769.

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