Questions to ask about health insuranceAsk yourself these questions when comparing health insurance plans offered through your employer or when buying a plan independently: Determine why you are buying health insurance. Do you want to pay a nominal fee for office visits when your family members need care?______________________ If so, consider a traditional plan, such as an HMO, PPO or POS.Do you just want a safety net to protect you in case of a catastrophic event?______________________If so, consider a consumer-directed health plan with a high deductible and health savings account.What do you typically spend on health care in a year?______________________If you're really healthy and make a good salary, consider a consumer-directed health plan.Do you have chronic problems that require regular care and prescriptions?______________________If so, you should probably opt for a traditional plan.Evaluate the health insurance plan How much are the premiums?______________________ How much, if any, will the employer pay?______________________What's covered and what is out of pocket?______________________What's the annual maximum benefit?______________________What's the maximum lifetime policy benefit?______________________What is the annual deductible for yourself? For your family?______________________What's the co-payment for various services?______________________What are the costs of services within the network?______________________What are the costs of services out of network?______________________Which prescriptions are covered and for how much?______________________Does it pay for all or just a portion of brand name drugs?______________________Are the medicines that you need in the formulary (a fancy word for approved prescription drugs)?______________________Is there an annual cap on out-of-pocket expenses in a year?______________________ advertisement
Questions to ask about health insurance
Determine why you are buying health insurance. Do you want to pay a nominal fee for office visits when your family members need care?______________________
Do you just want a safety net to protect you in case of a catastrophic event?______________________
What do you typically spend on health care in a year?______________________
Do you have chronic problems that require regular care and prescriptions?______________________
Evaluate the health insurance plan How much are the premiums?______________________
How much, if any, will the employer pay?______________________
What's covered and what is out of pocket?______________________
What's the annual maximum benefit?______________________
What's the maximum lifetime policy benefit?______________________
What is the annual deductible for yourself? For your family?______________________
What's the co-payment for various services?______________________
What are the costs of services within the network?______________________
What are the costs of services out of network?______________________
Which prescriptions are covered and for how much?______________________
Does it pay for all or just a portion of brand name drugs?______________________
Are the medicines that you need in the formulary (a fancy word for approved prescription drugs)?______________________
Is there an annual cap on out-of-pocket expenses in a year?______________________