Things to consider when shopping for health insurance
Before you start shopping for health insurance:
Know what kind of coverage you need.
- Look carefully at what the plan covers and what does not cover (exclusions or limitations) and compare benefits .
Figure out how much you can afford.
- Ask about the premiums, copays, deductibles, coinsurance, and out-of-pocket limitations.
- Find out about the dollar limits on how much you'll pay for health care services you receive (out-of-pocket maximums).
- A policy with a bargain-priced premium might turn out to be too limited to be useful for you.
- Understand the claims process, how your providers get paid, and what share you have to pay.
And remember, all health insurance is not the same.
Updated
01/26/2012