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The benefit of family medical insurance above individual medical insurance, is that your premiums are much lower and the whole family is covered, instead of having to take out separate policies for everyone.

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โˆ™ 2011-07-14 13:33:28
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Q: What is the benefit of family medical insurance above individual medical insurance?
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Some benefits for investing in insurance for teachers are that if something happens to the teacher, their family will be provided for. Another benefit of having insurance is if one falls ill, their medical bills will not be as high.


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Individual health insurance is ideal for single individuals. If you are married or have a family, it is much more cost effective to purchase a family plan instead of individual policies. The only time it may benefit a family to purchase a separate policy for an individual is if one person is at very high risk individual. Their risks will raise the rates of the entire policy. For this reason a single policy could be purchased for them.


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