You may need more coverage if you are planning a major procedure, go to the doctor often or take special medications. Katie Turner is one such trained navigator who has been enrolling people for seven years, working with the Family health Care Foundation in Tampa Bay, Florida. Also, when deciding what type of health coverage is best for you and your family, it is important to determine what your needs are before deciding on the type of plan you want. Whether you take regular prescriptions or specialty medications, what they cost varies from plan to plan.
If you don't have any major health care needs, you can save money by looking for a plan that charges a lower premium each month. These are the only plans that entitle you to open an HSA, which is a tax-advantaged account that you can use to pay for health care costs. While there are many things to consider when choosing a health plan, these five quick checkpoints are a good place to start. Research what your health care needs might cost on average and consider choosing a plan with a lower deductible and out-of-pocket limit so that your plan can help you share costs more quickly.
A high-deductible health plan can be any of the above types HMO, PPO, EPO or POS, but it follows certain rules to be "HSA-eligible". The total amount you can spend out-of-pocket in a year is limited, and that out-of-pocket maximum is also listed in your plan information. Now you have a health problem to manage and a lot of bills to pay on top of your premium, because you have to reach your high deductible before your insurance starts sharing costs. Time is often limited to choose the best health insurance plan for your family, but rushing and choosing the wrong one can be costly.
Some plans may give you the option of spending less money when you pay for care services, such as when you visit the doctor. If you see a good deal on the Internet, make sure you're looking for an ACA plan, warns health policy writer and insurance agent Louise Norris.