When choosing a health insurance plan, consider the following steps:

Step 1. Understand the type of policies available to you and the terms used.

Step 2. Think about your priorities. Consider the other people who will be covered by the policy as well as your own priorities. For instance, think about:

• Cost, including premiums and maximum you would like to pay per year.
• Choice of doctor.
• Whether you are willing to require approval before accessing health care.

Step 3. Compare available policies according to your priorities. Since this can be complex, we provide a Health Plan Evaluator to help you make a choice, starting with your health condition. To learn more, see: Health Plan Evaluator.

Step 4. Check on the insurer's reputation. The policy that looks the best on paper may not be worth a lot if the company has a reputation for stonewalling when it comes to claims or isn't responsive to individual needs. Ask a health insurance broker; people at work; your local disease specific nonprofit organization and people in your support group if you are a member of one.

NOTE: If you have group health insurance, check coverage at each renewal to notice the changes in the fine print which can cost you money or limit your coverage. For example, there may be a shift from a flat co-pay to co-insurance charges which typically require you to pay more out of pocket.

Please share how this information is useful to you. 0 Comments