Adding children to your employer’s group plan may put a strain on your budget, but it won’t be nearly as complicated as purchasing individual health coverage. In this case, finding a plan that will cover your children could be a lot more expensive than you expected. Don’t be tempted to respond to the first online ad you see. Most of these will result in an unwanted barrage of phone calls and emails from insurance agents, but few of them will offer you a true comparison of available health plans. In the case of individual and family health plans, a proactive approach is usually the smarter choice. This means getting in touch with a team of Colorado health insurance brokers with the resources to provide meaningful quotes and comparisons from every major health insurance provider.
When considering Colorado health insurance brokers for your family’s changing needs, look for an agent who can give you personalized service, not just a quick online quote. Be sure they have an intimate working knowledge of every major health plan in Colorado, including Anthem, Aetna, Assurant, Humana, Kaiser Permanente, Cigna and United Healthcare/Golden Rule. Because each of these providers has a different way of designing their health plans, a good agent should be able to explain the pros and cons of each one.
Once you choose a plan, it makes sense to work with your lawyer and ex-spouse to determine which one makes the most sense. Remember, if you are the custodial parent, a portion of the health insurance premium will be included in child support. The amount of the contribution depends on the relative incomes of each parent. If you are the non-custodial parent, a portion of the premium you are paying may be deducted from the child support. It is important to keep track of your records for each child’s health related expenses, as well. When the annual amount of a child’s medical expenses exceeds $250, the non-custodial parent must pay half of those expenses, but the only way to get that money is by keeping accurate records and receipts.
If divorce has made it necessary for you to change your family health insurance plan, a Colorado health insurance broker can help you find a plan that meets your needs.