Comparing Coverage

• 1). Evaluate the monthly cost to you. This is the amount that you will pay, either directly taken from your paycheck, or directly to the insurance company. If you can only afford $90 per month, that will narrow your search and options to specific plans.
  
  
• 2). Evaluate the services that are covered. You may or may not need preventative care, health plans for children (which typically carry them through until the age of 21), or maternity care. If you only need coverage for catastrophic events (major illness, hospitalization) your ideal insurance policy will be very different than one that covers most routine needs. Not all plans cover all types of medical services. Educate yourself on what is included in each plan you are comparing.
  
  
• 3). Evaluate the deductible, coinsurance and co-payment associated with each plan. Typically, plans with a lower monthly premium have a higher deductible and coinsurance rate associated with them.
  
  
• 4). Note any plan limitations. Some plans may limit the number of doctor visits that will be paid or the length of time that you can use each service. Certain tests may not be covered or certain procedures. Knowing this ahead of time allows you to make an informed decision.
  
  
• 5). Take a peek at the participating network. Going to in-network providers are your best bet for saving the most money. Are there doctors available in your area?