Selecting the right health insurance plan might seem confusing. But knowing the right questions to ask and keeping these tips in mind might improve the process – and the outcome.
Here are 5 things to keep in mind when deciding on a health insurance plan:
- Choose the plan that best fits your needs.
As simple as it sounds, take your time looking for the right plan. Think about the types of services that you and your family will use and how often you will use them. Maybe all you need is protection in case of an emergency? Or maybe, if you require frequent health services, you need a plan that reduces those costs substantially?
When shopping for plans, look at the total financial cost, as opposed to the monthly premium.
- Look beyond the premium when figuring out potential cost.
When shopping for plans, look at the total financial cost, as opposed to the monthly premium. You should evaluate the plan’s deductible, co-payment and the maximum amount you could be responsible for paying out-of-pocket every year.
- Check provider networks.
If it’s important that certain doctors and hospitals are in your network, check those details before signing up. You don’t want to be caught off-guard. Health plans are offering a variety of options to consumers, including more limited provider networks. You always want to double-check your access to the health care providers you want to see.
- Understand all benefits and exclusions.
Be sure to find out exactly what the plan covers. Not all health plans cover the same services in the same ways. Be clear with your provider on what benefits are most important to you.
- Don’t wait until the last minute to look for a plan.
Start looking for a plan that best suits you early and often. If you have questions, this will give you time to ask them.
These are just a few tips to remember when choosing and keeping a health care plan. Talk with your doctor about what type of plan will be the best fit for you based on previous and current medical conditions. Then, reach out to an agent or health insurance plan to discuss your options.