How much should health insurance be for a self employeed man and his 3 yr old son?

Question

I'm 26, male and my son is 3. My wife has her own insurance through her employer- but she can't add us to it until next year b/c she just missed the deadline. I'm paying around $270/mo to insure me and my son. I haven't gone to the doctor in 4 years or so- it seems like such a waste. We're going to switch to my wife's plan once we are able to- is there anything we can do until then to get our monthly premium down?

Answer 1

Well, you're paying a pretty good rate now, but as always, if you cut your coverage or increase your deductible, it should bring the rate down.  

But you might have to reapply, in order to do this.  Go talk to the agent who writes your policy now.

Answer 2

Since you are healthy you could look into getting a short term medical policy. These policies don't have all the bells and whistles of a permanent policy but will cover you for catastrophic illness and accidents. The premium is much less than a permanent policy. Visit a local agent that works with all the major companies in your area for help finding a plan and for an explanation of the benefits and exclusions of a short term plan.

Answer 3

To tell you the truth $270 a month for you and your son is a h**l of a deal. I would stick with it because your not going to find much better then that.

The average family of 2 pays about $500-$1000 a month in health insurance.

Answer 4

Depends on where you live.  Whether you're self-employed or employed by someone else really doesn't change much.  EXCEPT that if you pay for the insurance it could/should be a tax deduction, but there aren't 'special' plans depending on where you work. Also, don't assume getting on her plan is the best route to travel.  Get quotes for individual coverage because group is MORE than individual.

Zarnev might be right on the short term, but you have to quote it because it's not always cheaper.

Finally, the fact that you haven't been to the doctor in four years changes nothing with the type of plan you need.  It doesn't increase your chances of getting hit by a drunk driver, slipping and falling on ice in the winter time, or any other unexpected event that has NOTHING to do with your health status.

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