Health Insurance Explained
Understanding health insurance is essential for making informed decisions about your healthcare. This comprehensive guide explores key concepts, plan types, and important considerations to help you navigate the complex world of health insurance.
Health Insurance Topics
Open Enrollment Periods
Coming soon: Learn about health insurance open enrollment periods and what you need to know.
Health Savings Accounts (HSA)
Coming soon: Understand how HSAs work and their tax advantages for healthcare expenses.
Related Health Insurance Articles
Frequently Asked Questions
What is health insurance?
Health insurance is a contract between you and an insurance company that helps pay for medical expenses. In exchange for your premium payments, the insurer agrees to cover some or all of your healthcare costs when you get sick or injured.
What's the difference between a deductible, copay, and coinsurance?
A deductible is the amount you pay before your insurance kicks in. A copay is a fixed amount you pay for a specific service.Coinsurance is the percentage of costs you share with your insurance company after meeting your deductible.
How do I choose the right health insurance plan?
Consider your healthcare needs, budget, preferred providers, prescription medications, and how often you typically need medical care. Compare different plan types like HMOs, PPOs, and EPOs to find the best fit for your situation.