With the unemployment rate still hovering at 9% this month, that means that thousands of folks are finding themselves needing a sound health insurance option for themselves and their families. Knowing this and know how complicated it can be to determine what health insurance plan is right for you, here are some of the key factors to consider when looking into health insurance options for you and your family. And the best way to make a decision, make a chart, include the following information, and weigh out your options. At the very least you should compare COBRA health insurance, individual health insurance plans, and short term health insurance plans (also known as catastrophic or high deductible plans. To get this information fast, use online insurers and request quotes – it’s the fastest way. You can find this links on our website under COBRA insurance alternatives.
1. Monthly Premium: This is the monthly cost to cover you and your family. For most people who are unemployed this will be a key deciding factor in exploring health insurance options.
2. Plan coverage: Make sure you fully understand what the plan covers – what doctors, what prescriptions, what emergencies. This is critical.
3. Preventive Care: Find out if the health insurance plan offers preventive care.
4. Deductibles: Find out how much it will cost when you go to the doctor, the emergency room, need an ambulance, fill a prescription, and more.
5. Length of coverage: How long can you be covered under the plan. Under many short term plans, there is a maximum length of coverage and COBRA health insurance also has a maximum coverage period.
6. Prescriptions: Make sure to find out if the plan coverages prescriptions, especially if you are currently taking medication, and what the cost is.
7. Flexible Spending: If this is an important plan feature, make sure to check in if they have it.
Once you have all of this information, compare your options and choose the best option for you and your family.