Should Married Couples Combine Health Insurance?

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Nevada Insurance Enrollment Responds; Should You and Your Spouse Share Health Insurance?

LAS VEGAS - eTradeWire -- Getting married means lots of conversations about combining everything from last names to bank accounts. While picking a health insurance plan that covers both of you may seem practical, there are cases in which maintaining separate policies makes more sense.

Know Your Options

Not all couples have a choice when it comes to their health insurance coverage. If one spouse is unemployed or doesn't have access to health insurance through their employer, then paying a higher monthly premium for a health insurance plan that covers both partners may be the best way to go with the spouse who's employer does offer group coverage to their employees.

Some employers contribute to spouse and children, others do not contribute. Each employer can decide on their own if they'll offer to help pay for spouse and children. If the employer does not contribute, then spouse and kids will pay full price for their health plan. It's then where the spouse and kids can look at other options. Getting quotes for a private plan may be a valid option.

DO NOT buy a health plan without speaking with a licensed agent. Many may turn to Nevada Health Link looking for a subsidy to help them pay their health insurance plan when they or a spouse has group insurance offered to them. This may result in paying thousands of dollars back to the IRS.

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Deciding to Have Separate Policies

At one point, many employers provided outstanding health insurance plans that were superior to anything you could afford on your own. However, that's not necessarily the case today. Many employers are offering benefit-rich plans, and even basic comprehensive plans cover a wide array of essential services. Oftentimes, it makes sense to skip the spousal surcharge and just get a separate plan.

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Nevada Insurance Enrollment
4260 W. Craig Road suite #150-A
North Las Vegas, NV 89032
(702) 898-0554

Nevada Insurance Enrollment
Shelly Rogers

Source: Nevada Insurance Enrollment
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