Ask a Travel Nurse Question:
I am interested in traveling, but I have a family and my Travel Nursing agency just sent me an incredibly high quote for covering my family for health insurance. What are my options for affordable health insurance as a Travel Nurse?
Ask a Travel Nurse Answer:
You likely have two options. Either find another company or look at private health insurance.
Not all Travel Nurse staffing companies carry the same benefit package. I was once invited out for a day to consult with a medium sized-travel company. One comment I will always remember is the CEO commenting on spending over a million dollars annually on the health care coverage they provided to their Travelers. This enabled better coverage, lower premiums, and less of an out-of-pocket maximum for their nurses. However, the trade-off was often a lower hourly rate than other companies. So honestly, it may well just even out in the end, but there are companies out there that offer lower insurance rates.
When researching travel companies, always ask them to send you a full disclosure of their health plan upfront and the premiums you can expect as part of your research.
You might also try some of the larger companies as they are likely to allocate more money toward better healthcare plans.
Another option is private insurance. But with Obamacare, many companies may not meet the minimum requirements imposed by the federal government. So it is important to know the mandates (can be found at healthcare.gov). The other choice would of course be a federally sponsored plan. But this of course depends on how many dependents, any prescription coverage needed, and the deductible you elect.
Either way you choose, it is not something that is an easy exploration and does require a good amount of time in reviewing all the options.
I hope this helps.