Call Us (915) 599-2900 ☰ ˟
Logo
El Paso - (915) 599-2900 San Antonio - (830) 360-8660
  • Home
  • Online Quote
    • BusinessImage of right arrow
      • Commercial Quote
      • Workers Compensation Form
    • AutomobileImage of right arrow
      • Instant Auto Quote (Quicker Results)
      • Manual Auto Quote (Better Pricing)
    • HomeownersImage of right arrow
      • Homeowners Quote
    • Life & HealthImage of right arrow
      • Life Insurance Quote
    • BondsImage of right arrow
      • Bond Form
    • Contractors
  • About Us
    • About Us
    • Our Pillars
    • Mt. Franklin Insurance In The News
    • Testimonials
    • Contact Us
    • Careers
    • Important Links
  • Blog
  • In the community
  • Español
    • Cotizaciónes en linea
    • Líneas Comerciales
    • Líneas Personales
    • Seguros de auto
    • Seguros de salud y vida
    • Seguro para propietarios de viviendas
  • Make a Payment
Home > Blog > Do I Have to Get Health Insurance Through My Employer?
THURSDAY, AUGUST 6, 2020

Do I Have to Get Health Insurance Through My Employer?

Do I Have to Get Health Insurance Through My Employer? 

Healthcare is expensive and insuring through your employer can often be the cheaper option. There is no mandate stating that you have to purchase health insurance through your employer if you don’t want to, however.

 

 

 

 

Benefits of Individual Health Insurance 

There are many benefits to purchasing your own health insurance plan as opposed to purchasing through your employer. For one, you have more choice when it comes to insurance providers and coverage. Instead of being insured with the same policy as your fellow employees, you can more easily tailor your policy to fit you or your family’s needs. You also don’t have to stick with the insurance provider offered by your employer.

Another large benefit is having coverage even if you’re unemployed. If you lose your job, your health insurance can be gone in the blink of an eye. If you have your own policy, however, even if it’s simply supplemental, you don’t have to worry about losing your coverage if you lose your job.

Downsides of Individual Health Insurance 

There are certain drawbacks to insuring yourself. For one, purchasing your own health insurance policy can be more expensive than insurance with your business. It also means that you’ll have to deal directly with your agent and your policy rather than sending issues up the chain.

Every person and family are different. You will have different healthcare needs than your neighbor, so it’s important to make the right decision according to you rather than what is easiest or most common. It’s also critical that you compare prices. Depending on your employer’s plan, purchasing health insurance through your employer could actually cost more than buying a policy from a different insurance provider.

The average cost of health insurance for individuals is around $440 while health insurance for families costs around $1,168. These prices seem to rise every year, so make sure to keep track of the rising rates.

Even if you’re insured with your employer, it doesn’t hurt to compare prices every so often to make sure you are getting the best deal. Always ask your employer or HR manager about their policy’s limits and restrictions, as no policy is created equal and many health insurance policies exclude things such as dental care.

Call (915) 599-2900 now or visit us at www.MtFranklin.com for more information. 

 

Posted 8:00 AM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2022
  • 2021
  • 2020

  • mt franklin insurance(34)
  • el paso(31)
  • insurance(26)
  • tx(15)
  • commercial insurance(14)
  • business insurance(14)
  • homeowners insurance(11)
  • local insurance(11)
  • home insurance(10)
  • auto insurance(9)
  • homeowners(8)
  • car insurance(8)
  • house(7)
  • house insurance(7)
  • local business insurance(5)
  • home(4)
  • life insurance(4)
  • life and health insurance(4)
  • business(3)
  • driving(3)
  • bop(3)
  • car(3)
  • commercial(3)
  • local commercial insurance(3)
  • auto(3)
  • property insurance(3)
  • business owners policy(3)
  • mtfranklininsurance(2)
  • water damage(2)
  • elpasoinsurance(2)
  • life(2)
  • commercial insurance in el paso(2)
  • local auto insurance(2)
  • bop's(2)
  • health(2)
  • cheapinsurance(2)
  • health insurance(2)
  • local car insurance(2)
  • business & commercial auto(1)
  • fall risks in business(1)
  • homeowner(1)
  • auto insurance premium(1)
  • homebuyers(1)
  • family(1)
  • insured vehicle(1)
  • pets(1)
  • liabilityinsurance(1)
  • rain damage(1)
  • homeowners policy(1)
  • accident(1)

View Mobile Version
Logo

El Paso: (915) 599-2900
San Antonio: (830) 360-8660
Fax: (915) 921-5550
E-mail: Info@MtFranklin.com


icon a drawing of a face a drawing of a face
© Copyright. All rights reserved | Powered by Insurance Website Builder