Large Family Special
- Families with 2 or more especially younger children can save medical plan premium
- Groups of principals including dependent family members can obtain discounts
A select number of Medical Insurance and Healthcare plan companies offer special low premium rates for larger families with 2, and especially more, children being enrolled along with both parents. They apply the low premium feature differently and are briefly explained in the following descriptions.
Two companies allow the first 2 children between the ages of 14 days to 9 years free of charge coverage when both parents, or guardians, are insured.
One company allows up to 4 children under 10 years (2 per paying adult), who live with their parents, coverage free of charge under their parent’s policy, provided they are included on the application form. If the childbirth-waiting period is satisfied, newborn children will automatically be covered from birth.
One company allows coverage for up to 4 children, all who are below the age of 18 years, for a single child premium rate.
One company allows a premium discount of 10% for small group plans of 5-20 people enrolled (or) 20% for groups exceeding 20 people enrolled. Children enrolled count towards meeting the qualifying total number of “people enrolled” to obtain either of the two discounts.