How to choose a health insurance plan?

The first step is to assess your needs, including your age, your state of health, your current drugs, as well as those of any other family member who will be covered by the plan. Corlette says you must also know your risk tolerance.

“Some people feel very comfortable paying as low as possible from a bonus,” she said. “But they can be struck by a high deductible. Other people will want to pay more every month knowing that if they fall sick, they will not be struck by a massive bill.”

Once you have reduced the list of options, it’s time to dig into the details of what each of the plans will cost.

“When shopping for health insurance, there are two types of costs,” says Young. “One is the monthly bonus, and the other is the sharing of costs, such as franchises and copays. It is generally true that plans with lower bonuses have higher cost sharing. The healthier people who do not use many medical services will find better with health plans lower than a small plan. ”

“Even if you pay the lowest premium, there will always be a ceiling,” she says. “In the end, you are protected, so the decision to know which plan to choose less than before.”

There is however a large asterisk here: the maximum under the bank generally counts only for network care, known as Corlette, so if you leave the network, you may have to pay the total cost of this invoice.