The cost for health insurance for a family of 4 varies depending on the clients age, gross household income, pre-existing conditions & if any prescriptions are being taken. If your family is seeing doctors multiple times per year and or taking multiple prescriptions than you’re going to have to get on a marketplace plan on www.healthcare.gov now the price for a family of 4 on a marketplace plan will depend on your gross household income if your family is bringing in over $100,000 a year you most likely won’t get any subsidy or it won’t be any substantial amount to change the premium. So the cost of health insurance for a family of 4 on the marketplace will be $1000 to $3000 per month depending on if you choose bronze, silver or gold. The bronze plans are usually high deductible plans on hmo networks. So, if you have to get a marketplace plan aka ObamaCare we always recommend getting a silver plan so you have at least some coverage without having to meet a giant deductible.
Now if your household income is under $100k per year you may be able to get a substantial subsidy on your monthly premium. There is a tiered system based on your income, so for example a family of 4 with total household income between $85,000-$100,000 will get some subsidy, $70,000-$85,000 will get even more of a subsidy and so on. So if your gross income is between $50,000-$80,000 you can get a huge subsidy and obtain a marketplace insurance plan for maybe $300 a month or less depending on what plan you choose.
What is the cost for private health coverage for my family of 4?
Now your other option is if your family rarely goes to the doctor, doesn’t take many if any prescriptions and household income is over $100,000 a year than getting a private plan will be your best option. Private health insurance gives your family the coverage you need for “Major Medical Claims” god forbid something serious happens and because the insurance company underwrites the plan prior to accepting you, they’re willing to give you a much better plan at way lower rates because they know your less of a risk to them. Private health insurance is tailored to the self employed, real estate agents, traveling nurses basically any family of 4 that is over the income level so they can’t get any subsidies and at the same time are maybe going to the doctor once per year just for a check up. The best part of the private insurance plans we sell is that they are on name brand PPO Networks like the United Health Care Choice Plus PPO Network as well as the Cigna PPO Network in South & North Carolina. It’s always better to be covered on a PPO rather than HMO so you know you have benefits no matter where you are in the country. If your plan is on a HMO Network you’re only going to be covered in your county in your state. So if you’re traveling or if your kids are college age and they go to school out of state than you won’t have any coverage. The cost of private health insurance for a family of 4 is $600 to $1050 per month depending on the age of the adults on the plan. If the parents are in there 20’s or 30’s it will be closer to $700-$800 and if your in your 40’s or 50’s it will be $800-$1050