Affordable Health Insurance

Plans Starting at $150

What is the Average Cost of Health Insurance for a Family of Four?

Insurance Line One understands the high cost of healthcare without insurance. At any given time in the United States, anywhere from 9% to 13% of people are without health insurance. Depending upon your state, you may be responsible for picking up the cost of a hospital stay that can cost as much as $2,271 per day. We are an A+ accredited agency with the BBB and our health insurance plans start at $150 per month. Call today to speak with one of our representatives about setting up a health insurance plan for you and your family of four.

The Average Income of a Family of Four

Based on the census bureau, a family is the average income of two or more people in a household. Income is based on the wages made from someone 15 years old and over. Obviously, when you have two young children they’re not going to be working, which means the finances fall on you and your partner. Thankfully, you might’ve been one of the many people who saw an increase in your wages from 2016 – 2017.

The national median family income rose by 3.2 percent, or from 57,230 dollars to 59,039  dollars. It’s been the highest since 1999, when it was 58,655 dollars. Looking at the median income of families in the United States helps distinguish where the middle is for national income. Making this the perfectly balanced number to distinguish the average families income.

What’s Covered by Health Insurance?

Family Health Insurance Costs

As time has come and go, new generations turned into older generations. The generation who saw the boom of the American economy rise, is now seeing the next generation deal with the drawbacks of this rise. One of them being the increasingly rising prices of medical care without insurance. With these innovations happening quicker after every year, the costs to succeed in them has also grown; meaning they have to charge more for people to use them.

This is why people have gone bankrupt after trying to pay off their hospital bills. Thankfully, in later years companies have appeared making it easier to acquire health insurance. Insurance Line One was one of these companies who saw the desire families had to keep themselves safe, but also understood how expensive some other health insurance companies can be for families. Offering open enrollment all year for health insurance, they’ll be able to help you right away.

The Costs of Not Having Health Insurance

The average family monthly premium is around 1,000 dollars and the annual deductible is about 8,000 dollars. Understandably, this is enough to deter enough people to avoid purchasing health insurance. These costs are incredibly high, and each state has different prices. At this point, you’d just be extra cautious and avoid getting sick as much as possible. You’ll make sure your children are always protected when outside or doing sports. However, diseases don’t discriminate and accidents are random, meaning you have no control over when it happens.

Were you to choose to not have family health insurance you’d have to pay gargantuan prices at the hospital and the doctor when you do arrive there for help. 9.2 million children are entered into the hospital every year for nonfatal injuries. Treating a broken leg without the use of surgery can run up to 2,500 dollars. Were you to need a surgery for the broken leg it’ll run you 17,500 dollars—minimum. The lack of health insurance would leave many people in financial ruin, but having health insurance will help you past this.

As a matter of fact, if you don’t have health insurance you can be charged a fine equal to or more than the amount of a monthly premium. You’ll have two options once caught without health insurance; pay 2.5 percent of your annual income, or the national average monthly premium for a bronze plan. The other option is to pay 695 dollars per person uninsured. Altogether, this can run you multiple thousands of dollars since you’ll have to pay for the more expensive option.

What’s Covered by Health Insurance?

What Did the Affordable Care Act Do For Families?

Since the passing of the Affordable Care Act, they’ve made it easier for people to justify owning health insurance. It’s also made it easier for people to afford the health insurance when they do get it. Beforehand, insurance companies would only pay for a certain amount before they leave the rest for you to pay.

Now, there is a cap for how much you—the client—can pay out-of-pocket. For families, the cap for out-of-pocket payments is 13,700 dollars. While, this might seem like a lot, this is covering two or more people. This means if you have health insurance for eight people or four people, you’ll only have to pay 13,700 dollars out-of-pocket. The Affordable Care Act also made it easier for people with more than three children to pay for family health insurance.

Were you to have five kids you’ll only have to pay for the three oldest children under 21 years of age. For example, John Doe and his partner are covered in their insurance plan, but they don’t know how they are going to afford to pay for all four of their children. Thankfully, the Affordable Care Act’s rule allows them to save money, because they only have to pay for health insurance for themselves and their three oldest while their youngest gets insurance for free.

Affordable Family Health Insurance

Trying to find the right family health insurance can be a tiresome task to fulfill. The way health insurance plans are priced out makes it tricky to figure out which one is the best for your family. Fortunately, there are ways you can make the process easier on you. Don’t allow the anxiety of money affect you while you are trying to help your child recover from their injury. Make your health insurance worry about the medical bills.

Trying to find the right family health insurance can be a tiresome task to fulfill. The way health insurance plans are priced out makes it tricky to figure out which one is the best for your family. Fortunately, there are ways you can make the process easier on you. Don’t allow the anxiety of money affect you while you are trying to help your child recover from their injury. Make your health insurance worry about the medical bills.

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  • We can provide affordable health insurance in all 50 states.
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  • Affordable Health Insurance Plans Starting at $150 per month