Is it worth having the same health insurance/cover as your husband?

posted 3 years ago in Wellness
Post # 2
Member
328 posts
Helper bee
  • Wedding: October 2013

It’s really hard to decide without knowing all the plan details such as coverage, deductibles, copays, etc. It might be worth it to be under the same plan in order to meet the deductible quicker. 

For my husband and I, we both have our own health insurance through our respective jobs. Because he has his own coverage through his job, it’s actually more expensive to add him onto my plan and vice versa. We haven’t decided what to do when we have kids though…

 

Post # 3
Member
305 posts
Helper bee
  • Wedding: July 2014

I agree with Teaberrie.  It’s hard to say without reading the plan.  In some cases you’ll meet the deductible quicker BUT there are also individual and family deductibles.  Also, it’s normally cheaper to pay for two different plans it is is to add a dependent.  AND, if you’re concerned about dental coverage, dental insurance (and vision) is VERY affordable to get somewhere other than your medical provider. 

Post # 4
Member
9226 posts
Buzzing Beekeeper
  • Wedding: May 2018

It depends on the plan, but as others have said you may reach the deductible level quicker. But I think it would be worth it just because it would be easier to keep track of, and you would only be paying one premium. 

Post # 5
Member
9226 posts
Buzzing Beekeeper
  • Wedding: May 2018

I am still on my family insurance policy and all the medical bills and medications we all have (all of us need corrective lenses/glasses so that is a big cost in particular) and they add up so we get quite a lot back when we reach the level required, and that we get to fairly quickly! Plus my mother has less paperwork to do!

When FI and I are married I want us to be on the same insurance policy, definitely.

Post # 6
Member
7216 posts
Busy Beekeeper
  • Wedding: November 1999

I see you’re from Australia (as I am, and Jacqui90 too). You should probably have said this because it’s the sort of thing which varies hugely from country to country.

Last time I looked, premiums for couples were exactly double what they are for singles. So I don’t see the point of merging.

Also I’m surprised your FI can’t transfer. Generally funds recognise each other’s waiting periods. For instance the Medibank Privare website says they recognise other insurers’ waiting periods, but not other insurers’ loyalty bonuses (whatever that means). But they talk about pre-existing conditions having waiting periods, so I would have thought that he’d have served the waiting period with another insurer so he’d be covered. (But obviously check with your insurer he goes to before changing).

Post # 7
Member
7098 posts
Busy Beekeeper
  • Wedding: August 2012

It was more expensive for us to go to a family plan than it was to stay on our own single plans. You’d really need to read your specific plans costs/deductibles etc.

Post # 8
Hostess
11469 posts
Sugar Beekeeper

MrsBlackCat:  I would say the best thing is compare costs and coverage. If as you said the costs are similar and you are not sacrificing anything in the way of coverage then go for it.

My DH and I are not on the same health plan. We both are provided insurance free of charge through our companies. He has Blue Cross and I have Kaiser. There wouldn’t be any financial benefit to switching one of us over as we would then have to pay. Our son will be on Kaiser (my plan) because it is better coverage overall and it will be more convienent and i will likely be the one to take him to the appointments etc. 

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