Seven tips when choosing health insurance 1 of 2
Here are seven tips when choosing health insurance:
1/ Make sure you enroll If you don't re-enroll in your benefits or choose a new option, you could end up with no coverage next year. Check your enrollment dates, often in November or the spring, and make sure you sign up. Most people offered employer-sponsored health insurance should take it, said Keith Mendonsa, a consumer-insurance specialist for eHealthInsurance.com. And people with pre-existing conditions should definitely take it, because they could be turned away shopping on their own, he said.
2/ Pay attention to costs. Look at your premium contributions this year versus last; your maximum "out-of-pocket" expenses, which are your financial obligation for a catastrophic health issue; and your annual deductible "If my deductible is $2,500 and my out-of-pocket max is $5,000,1 know I'm going to have to pay $2,500 if I go into the hospital Can I afford that?"
3/ Compare types of plans. More employers are offering a high-deductible plan, which generally charges a lower premium. But be prepared to pay the amount of the deductible in the coming year if you have a serious health issue,however a femily that has frequent visits to the pediatrician or an emergency room may prefer the co-pays and lower deductible of an HMO.
1/ Make sure you enroll If you don't re-enroll in your benefits or choose a new option, you could end up with no coverage next year. Check your enrollment dates, often in November or the spring, and make sure you sign up. Most people offered employer-sponsored health insurance should take it, said Keith Mendonsa, a consumer-insurance specialist for eHealthInsurance.com. And people with pre-existing conditions should definitely take it, because they could be turned away shopping on their own, he said.
2/ Pay attention to costs. Look at your premium contributions this year versus last; your maximum "out-of-pocket" expenses, which are your financial obligation for a catastrophic health issue; and your annual deductible "If my deductible is $2,500 and my out-of-pocket max is $5,000,1 know I'm going to have to pay $2,500 if I go into the hospital Can I afford that?"
3/ Compare types of plans. More employers are offering a high-deductible plan, which generally charges a lower premium. But be prepared to pay the amount of the deductible in the coming year if you have a serious health issue,however a femily that has frequent visits to the pediatrician or an emergency room may prefer the co-pays and lower deductible of an HMO.
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