Question: We have the option to join our company’s group health insurance plan, but it’s going to cost quite a bit per month and our budget is very tight. Is this a good buy? Response: Let me assure you that whatever private insurance you could buy that would have comparable benefits is likely going to cost a lot more than what a group insurance plan normally will cost. Group rates usually are lower and the benefits are often better. Personally, I would make the budget sacrifice to join the group plan if possible. Many families gamble by not having insurance, but one major medical expense–one child with a major illness, one heart attack, one major accident–can wipe out their finances for a very long time. In my opinion, if you have the option to put your spouse and children on your company group insurance plan, you should do it. you may have to sacrifice in other areas to do it, but it will be well worth it.