Basics of health insurance
Health insurance isn’t always able to pay the entire cost. In reality, it’s intended to split the cost of medical treatment with you up to an amount, which is known as the limit on your spending. When you’ve reached the out-of-pocket limit, your health insurance will cover all of your medical and health charges.
There are several ways in which health insurance companies could have to share the cost with you and they are the major components included in the health insurance plan. you should be aware of including the deductible as well as the amount of your copayment as well as your coinsurance as well as your out-of-pocket limit. We’ll talk about them in greater depth within the “Key features” section below.
All health insurance plans must offer the 10 essential benefits. Alongside the essential benefits listed above health insurance plans have to be able to meet certain affordability requirements in addition to other regulations that vary depending on the state in which they are located in order to be listed in a federally-run health insurance exchange. Off-exchange plans are referred to because they’re not offered through exchanges run by the government and must provide the essential benefits listed in the 10 essential benefits, and satisfy federal requirements to be considered to be qualifying health insurance. Consumer protections were introduced to close gaps that led to financial difficulties for policyholders earlier in their lives.
In 2018, as stated within the Affordable Care Act (the ACA, also called Obamacare) all American citizens had to be covered by qualified health insurance, which was referred to as”the Individual mandate. If they didna have it, they would have to pay a cost for their tax returns.
Who should purchase health insurance?
Any person who requires health insurance coverage but does not meet the requirements for any state-run health insurance plans must purchase health insurance since medical costs are just too expensive to pay out of your pocket. Medical expenses are the primary reason for consumer debt as well as related financial difficulties (e.g. bankruptcy, foreclosure of homes).
If you’re looking to purchase health insurance and fall into one of these groups, we’ve put together some additional things to consider when shopping in the market for insurance.
Health insurance coverage for the whole family
Be aware that your policy may have a family deductible, in the same way as individual deductibles per member of the family. Individual deductibles are less in comparison to families. If an individual has reached their own deductible the health insurance policy kicks in to effect only for their needs. Once the family deductible has been met the health insurance policy will be available for all members of the family regardless of whether an individual has hit their deductible.
Health insurance is a necessity for student
You’re able to remain on your parent’s medical insurance policy till you reach the age of 26, which means there’s no need to purchase health insurance when your parents are willing to allow you to stay in their health insurance plan. Also, look into your school’s health plans that are less expensive. This is a particularly good option for students who are going to college outside of your state, since the network of your parents’ plan may not work in your particular state.
You can purchase health insurance if self-employed
If you’ve just become self-employed following the departure of the full-time job you had with W-2 and you’re self-employed, you may apply for COBRA to keep your former employer’s insurance coverage until you’re able to locate a new plan. If the plan you’re looking for isn’t open to enrollment, you may be able to take advantage of an enrollment period that is specifically designed to browse HealthCare.gov’s HealthCare.gov marketplace or the equivalent in your state. They are generally less expensive than COBRA plans.
Check that your insurance cost of premiums is affordable because your income per month could fluctuate. The cost of health insurance is as well tax-deductible at times and you should be aware of it at tax time.
Health insurance choices for people with low incomes
Individuals with a low income or with a tight budget should check whether they are eligible to be eligible for Medicaid. Medicaid is a government-funded health insurance program that is available to people with low incomes and families. We discuss Medicaid in more detail later.
If your earnings are between 100 between 400% and 100% of the standard of poverty in the federal government, then you probably be eligible for the tax credit of the health insurance marketplace. This subsidy could help lower the cost of health insurance. Some states also provide health insurance plans to those who earn enough to be eligible for Medicaid but aren’t able to purchase an individual insurance plan One example is the New York Essential Plan.
One of the most crucial things to consider is having some kind of insurance in place. A serious health problem could turn into an expensive financial catastrophe if not taken care of. If you’re eligible, you might want to consider catastrophic insurance. These affordable policies can help you avoid the costs of serious illness or accidents, but aren’t accessible to all.
Veterans can get health insurance through their veterans
If you’re a vet, you could be eligible to receive health insurance from VA. U.S. Department of Veterans Affairs (VA). The Affordable Health Care Act will not alter VA healthcare benefits.
If you are covered by health insurance through a private-sector employer you are able to take advantage of the group health insurance policy and your VA benefits simultaneously.
Health insurance coverage if you’re expecting
The majority of health plans which are considered to be qualifying health insurance provide childbirth and pregnancy-related services. The care for your child during pregnancy and birth is among the 10 essential benefits that are required for eligible health plans covered in the ACA. These benefits are provided even if you become pregnant prior to your coverage starting. (For the majority of healthcare insurance, you will determine the specific ways the plan will cover childbirth in the summary of the Benefits and Coverage document.)
The birth of a child is an event that qualifies to be eligible for a specific enrollment period, during which you are able to enrol in the new plan or change plans. (In certain states, being pregnant can also qualify you to be eligible for a special enrollment time.)
Childbirth and maternal care are covered under Medicaid as well as CHIP. If you are eligible for Medicaid or CHIP and you are expecting and want to apply for both at any time throughout the year to your state’s agency or marketplace.
Options for health insurance coverage for seniors
If you’re over 65 years old and above, you are eligible for Medicare. We’ll go more in-depth on Medicare below but the essence of Medicare is the fact that it’s a federal government program that helps you pay for medical expenses until you reach the age of 65.
It is also possible to purchase additional insurance, also known as Medigap that will help you pay your deductibles and copayments as well as coinsurance. Medigap plans could or might not be a good fit for your needs Make sure you understand what you’re getting prior to paying for it.
Options for health insurance coverage if you’re serving in the military
If you’re an active duty service participant, then your health insurance (and the health care of your family members) are covered through the TRICARE program. There is no need to purchase health insurance to be in compliance with the ACA.
Health insurance is a must if married and have no children
If you’re married, but don’t have children You may not have to purchase health insurance for your family. Individual plans can be purchased from different firms if it is a good fit for your spouse and you. You can also buy an entire family plan through the market.
You can both be dependent on another’s health insurance plan provided by the employer in the event that it’s available.
What type of health insurance should you purchase?
There are generally two kinds in health insurance that are public insurance (like Medicaid, Medicare, and CHIP) and private health insurance. A majority of people are covered by some type that is private regardless of whether they buy it from the marketplace or purchase it through an employer. The state exchanges as well as the federal exchange provide customers with private and public health insurance.
Private health insurance exchanged in exchange
Private health insurance policies on the exchange are insurance plans sold through government-run exchanges such as an exchange run by the state or HealthCare.gov an exchange run by the Federal government. Plans on the exchange have to cover the essential benefits listed in the 10 benefits, as well as any additional services that are mandated by the state government.
Furthermore, any insurance company that would like to join an exchange that is run by the government must offer an option at each metal level (which we’ll go over in greater depth later). Private exchange plans are the only options with premium tax credits as well as price-sharing decreases (i.e. government subsidies for applicants who qualify) are offered.
Private health insurance that is not exchangeable
Private health insurance policies that are off-exchange are health insurance plans sold or directly through the health insurance company, through an intermediary broker, or through a privately-owned healthcare insurance market. Off-exchange policies must provide 10 essential benefits, and adhere to other regulations set forth in the Affordable Health Care Act which means that you won’t need to worry about holes or “gotchas” with off-exchange plans.
The drawback with the off-exchange plan is that you generally aren’t able to apply any subsidy (e.g. example, cost-sharing reductions, cost-sharing reductions, premium tax credits and cost-sharing cuts) for these policies. (If you are eligible for subsidies, you could be directed into your exchange in your state as well as HealthCare.gov.) The availability of an off-exchange option could permit an insurer to have greater flexibility. In particular, since they don’t need to offer an option for each metal tier, they can provide only one kind of health insurance.
In the end, if you’re looking at private healthcare insurance and you’re not eligible to receive an income tax credit on premiums considering off-exchange plans offer many options with possible lower costs.
Health insurance provided by the employer
Health insurance policies offered by employers, often known as group plans are insurance that is managed and purchased through your company. Employer-provided health insurance plans must adhere to the same guidelines as other private insurance plans and provide the 10 benefits that are essential to you.
Since group health insurance covers many people and is generally cheaper than individual insurance. (Think of it as buying in the bulk.) Most group plans come with less expensive premiums and deductibles.
If you’re eligible to take advantage of an employer-sponsored plan, there’s no have to buy additional insurance through the market. Contact your human resources department for more details about your coverage.
Health insurance for a short-term duration
The short-term plans offer only a limited amount of health insurance coverage to fill an indefinite absence in coverage. But it’s important to be aware that these plans don’t count as qualified health insurance and they may not provide every coverage option you require. If you’re a member of the short-term health insurance it is possible that you will be spending a significant amount of money in order to cover the costs that a traditional health insurance policy would be able to cover fully.
Health insurance for short-term periods may be a good idea for a short-term time gap in coverage, such as one or two months such as when you are seeking the perfect job or a new job requires waiting periods before your health insurance starts to take effect. Numerous large health insurance companies provide short-term plans.
Be aware that health insurance for short-term purposes could have restrictions that health insurance policies for regular people do not, for example, limits on the annual amount of benefits that are paid.
Medicare is a federal health insurance plan that is available to Americans who are over 65. It provides no-cost or reduced-cost health insurance to people who qualify to enrol.
There are four elements of Medicare which cover a variety of health-related services:
- Part A for inpatient (hospital) health care is for which the majority of people do not pay any fees
- Part B for outpatient care such as doctor’s visits. In 2021 Part B will have a monthly cost of at a minimum of $148.50. It is expected that the premium for Part B in 2022 is anticipated to be higher, however, as of the date of publication, the new price has not yet been announced.
- Part C It is also known as Medicare Advantage, which lets you buy private insurance for health.
- Part D, for prescription drug coverage.
If you’re older than the age of 65, then you could make an application for Medicare by registering with healthcare.gov or through your state exchange.
Medicaid and the Children’s Health Insurance Program (CHIP)
Medicaid is a federal and state-wide health insurance program that is available to people with low incomes and families. Medicaid has eligibility criteria that are established on a state-by-state basis however, it is targeted at people with low incomes and a lack of liquid assets. Additionally, it is intended to assist parents and caregivers of children who need help. It is possible to determine whether you are eligible to be eligible for Medicaid via HealthCare.gov or through your state’s exchange.
The Children’s Health Insurance Program (CHIP) is a federal and state-run program like Medicaid however, it was specifically created for children who are under 18 years old. The program is targeted toward children who have incomes that are too high to be eligible for Medicaid but aren’t enough to be able to afford the cost of private insurance for health. Similar to Medicaid generally, you can find out if you’re eligible and apply through HealthCare.gov or the exchange in your state.
The various types of private medical insurance
Private health insurance plans of all kinds regardless of whether they’re exchange-based or off-exchange plans operate through partnerships with health care network providers. However, the manner in which the plans interact with networks is different and it is important to ensure that you know the distinctions between the plans.
HMO: Health Maintenance Organization
HMO Plans can be the most restricted type of plan with regards to accessing your provider network. If you’re on an HMO plan you’ll have to select the primary doctor (PCP) that is in-network. Your treatment will be handled by your PCP. Additionally, you’ll require the recommendation of your PCP for a medical specialist. HMOs will not pay for any outside-of-network medical expenses.
HMO plans generally have lower costs than other kinds of Private health insurance policies.
PPO: Preferred Provider Organization
PPO Plans are the most flexible kind of plan with regards to accessing the network of providers and obtaining care outside the network of your plan. The majority of the time, you will choose between an in-network physician which you can visit at a lower price as opposed to an out-of-network doctor for a greater cost. It is not necessary to have an appointment with any specialist, however, you could still select a primary care doctor. (Some states might require that you see a primary care doctor).
PPO plans generally cost more than other types of Private health insurance policies.
EPO: Exclusive Provider Organization
EPO Plans are a combination of HMO plans as well as PPO plans. EPO plans provide you with the option of visiting an expert without a referral. However, EPO plans do not cover out-of-network physicians.
EPO plans generally cost more than HMOs However, they are less expensive rates than PPOs.
POS: Point of Service
POS plans are different combination plans that is a hybrid HMO as well as PPO plans. They will have a primary care provider in an HMO-style network which can help you coordinate your medical health care. Additionally, you’ll have access to PPO-like networks with out-of-network choices (albeit at a higher price). The HMO network is cheaper, but you’ll need an appointment with HMO experts.
POS plans usually include higher premiums than HMOs with pure coverage, but lower rates than PPOs.
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What are the metal tiers?
Metal Tiers are a convenient method of categorizing plans according to what the split means. Metal tiers do not describe the level of coverage or the level of service you’ll get; they simply describe the cost you’ll have to pay for health care.
The following is how the health insurance policies roughly divide their costs in accordance with metal level:
- Bronze – 40% consumer / 60% insurer
- The Silver price is 30% for consumers and 70% for insurance
- Gold, 20% of which is consumer 20% insurer
- Platinum – 10% consumer / 90% insurer
These are high-level statistics throughout the plan, which take into account the coinsurance, deductibles, and copayments as outlined by the particular structure of the plan determined by the anticipated average usage for the policy. These percentages do not take premiums into account. They do not reflect the exact amount you’ll actually have to pay for medical expenses.
The general rule is that Bronze plans offer the lowest monthly cost and platinum plans come with the highest prices, with gold and silver taking up the middle of the spectrum. From the cost-sharing division above, the bronze plan’s premiums are lower because the user has to pay more for health-related services. If you often use medical services, you’ll most likely pay more out of pocket in the event you opt for the bronze plan regardless of having an affordable premium.
If you’re eligible for the health insurance premium subsidy to allow you to purchase an insurance plan that is at the higher tier, eventually saving your money.
There’s another category of health plans that can be found on the market, referred to as “catastrophic” plans. Catastrophic plans come with extremely high deductibles. typically the deductible is exactly the same as the out-of-pocket maximum — meaning they’re only good to stop an accident from happening or a serious illness from leading the person to fall into a huge debt. Catastrophic insurance plans are only available for those under 30 or those who have an exemption for hardship. It is not possible to use the subsidy to pay for catastrophic plan premiums but they do not qualify as healthcare insurance.
The key features that determine the amount you will have to pay
When looking to purchase a health insurance policy it’s crucial to know the main features which determine how much you’ll have to be paying for health care. These cost-out-of-pocket costs can be broken down into five key elements of your health insurance policy:
It’s easy to see your cost as a monthly invoice. Each month you pay a fee to the health insurance provider for access to the health insurance plan. We’ll discuss this in an instant, while the monthly premium you pay could be the amount that you spend on health insurance, it’s certainly not equal to what you spend on medical services. Actually, selecting an insurance plan that has lower premiums is likely to mean you’ll have to pay more out of pocket when you have to visit the doctor.
A deductible is an amount you have to cover health-related services out of your pocket before your health insurance begins to kick into effect. In the majority of plans, once you’ve paid your deductible you’ll have to pay copays and other coinsurance until you reach your maximum out-of-pocket amount, and after that, the plan covers all expenses. Plans that have lower premiums are likely to have higher deductibles.
It is important to note that the deductible and the out-of-pocket limit define two distinct concepts The deductible describes how much you’ll be charged for a procedure that is covered before your insurance begins paying and the maximum out-of-pocket will be the entire amount you’ll be charged for treatment that includes the deductible.
A copayment, sometimes abbreviated to “copay,” is a cost that you are required to pay for a particular product or service. Copayments are among the ways health insurance companies will share costs together with you when you reach your deductible. Furthermore, you could also be charged copayments for certain services prior to when you reach your deductible. For instance, many health insurance plans offer copays for doctor’s visits as well as prescription drugs prior to the time you reach your deductible. You’ll be charged a copay until you have reached the maximum amount you can spend out of pocket.
Coinsurance is another method by which health insurers can share costs with the customer. As opposed to copayments the coinsurance doesn’t have an unassailable cost It’s a percentage of the price of the covered service. If, for instance, you’re paying a coinsurance rate that is 20%, then you’ll have to pay 20 per cent of the price that covered items until you’ve reached your limit on your out-of-pocket expenses.
The maximum amount that can be paid out-of-pocket
The maximum amount you can pay out of pocket known as the out-of-pocket limit is the maximum you’ll ever be required to pay for health services during one year. The amount you pay towards your deductible, along with the coinsurance or copayments you pay will count towards your out-of-pocket limit. Monthly premiums aren’t considered.
The maximum limit of out-of-pocket expenses in 2022 is $8700 for plans for individuals and $17,400 for family plans. Plans with higher premiums usually have lower limits for out-of-pocket costs. (The out-of-pocket limits for 2021 were 8550 dollars for an individual policy and $17.100 for the family plan.)
It is important to note that the maximum amount out of pocket is a consumer protection law enacted under the ACA The old plans didn’t need to limit what an individual was required to pay for health care services. It was common for people who needed to undergo costly treatments (e.g. cancer treatment or life-saving surgery) could be faced with unlimited medical bills, even if they were insured.
Health insurance supplements
The health insurance plan doesn’t cover all aspects of your physical health or the health-related costs you incur this is the reason you may need to purchase additional medical insurance products in addition to the health plan you have. Certain products, such as dental or vision insurance, might be familiar to you.
Insurance for dental is a product that was designed to assist you in paying for dental treatments. A lot of dental insurance plans are designed similarly similar to insurance for health. There are dental HMOs as well as PPOs for instance. Dental plans are generally inexpensive -even the most robust plans available on the market are priced at about 30 dollars per month, for the individual.
For more information on dental insurance as well as how it compares with discounted dental plans take a look at our comprehensive guide. Be aware of the fact that dental insurance is generally part of medical insurance policies for kids under the age of 18 years old.
Vision insurance plans are created to assist people in paying the cost of eye exams on a regular basis as well as eyeglasses and contact lenses. Eye surgeries that are major, like cataract surgeries, are typically insured by health insurance plans.
Optometric correction surgery for vision may be covered under the vision insurance plan. Vision insurance plans generally cost the same amount as dental insurance policies. Be aware of the fact that vision insurance plans are usually offered in health insurance plans for kids who are younger than 18.
It is a kind of supplemental health insurance policy that assists to pay for the out-of-pocket expenses that are associated with health-related costs. It is designed to fill gaps in coverage “gap” in coverage left by plans that have high deductibles, gaps insurance can assist you in reducing your out-of-pocket costs.
The insurance plans offered by Gap are not subject to legislation like the Affordable Care Act and don’t offer the same protections to consumers as the health insurance that is qualified
Critical illness insurance
Critical illness insurance can be described as a kind of insurance that can help to pay for the cost of diseases that affect you and your potential to earn money for a number of years. For example, Alzheimer’s Disease, as well as cancer and strokes, are the three medical ailments that the insurance policies for critical illnesses could be able to cover. Every critical illness policy comes with specific illnesses that it covers.
If you’re diagnosed with any of these ailments when you’re a policyholder your insurance company will usually pay you the lump sum in cash. If you have a short-term life insurance policy, you could additionally purchase a Critical illness rider that is attached to the policy at a lower cost than an individual critical illness policy.
The 10 essential benefits that every health insurance plan should provide
The Affordable Care Act, also referred to as Obamacare included coverage of certain health-related services mandatory for all health insurance plans offered to customers. These essential services are known in the 10 essential health benefits. The 10 categories of health benefits include:
- Services for patients in the ambulance (outpatient treatment that you get without having to be admitted to an institution)
- Emergency services
- Hospitalization for surgical procedures in the hospital, overnight stays, or other ailments
- Maternity, pregnancy and infant care
- Substance use and mental health disorders Services for mental health and substance use disorders
- The prescription drugs
- Rehabilitation and habilitative therapies and equipment (treatment and devices that aid people regain their physical and mental abilities following the occurrence of an accident, injury or the onset of a chronic illness)
- Laboratory services
- The prevention as well as wellness-related services in addition to the management of chronic illness
- Dental and vision insurance for children.
Be aware that these are categories of services and that the particular services that fall under these categories can vary from state. The majority of states require that plans provide more services to customers, instead of limiting what you’d think you would find in the categories. Federal, state and private exchanges will let you know exactly what plans cover what services prior to submitting an application.
One thing that private health insurance does not have to provide coverage for includes DME, also known as durable medical equipment (DME) like ventilators and wheelchairs. Since a lot of people depend on these life-saving devices, ensure that you purchase an insurance policy which covers DME.
All health insurance plans offered on government-run marketplaces provide a range of preventive health services, including screening tests and shots without cost to members (even if you’ve not yet reached the deductible). From 2021 there will be 22 preventive health services offered for free as defined by HealthCare.gov:
- Aortic aneurysm of the abdominal wall one-time screening
- Screening for alcohol misuse and counselling
- Aspirin can be used to reduce the risk of the development of colorectal cancer and cardiovascular disease.
- Screening for blood pressure
- Cholesterol screening
- Colorectal cancer screening
- Depression screening
- Type 2 Diabetes (Type 2.) screening
- Diet counselling
- Prevention of falls (for people aged 65 or older)
- Hepatitis B screening
- Hepatitis C screening
- HIV screening
- PrEP medication to treat HIV prevention
- Immunization (vaccines)
- Screening for lung cancer (for people aged 55 to 80 years old who have a high risk)
- Counselling and screening for obesity
- Counselling for the prevention of sexually transmitted infections
- Statin preventive medicine (for people aged 40-75 who are at risk)
- Syphilis screening
- Screening and cessation of smoking interventions
- Screening for Tuberculosis (for individuals who are at high risk)
The need to protect PrEP was required by the Biden administration in July 2021.
Take note that some of these screenings are only available to certain age groups. Check your insurance plan or speak to your insurance company to find out what preventative services are available for you. women or children are each entitled to their own set of preventive health advantages.
What should an insurance policy be for health costs?
Because of the Affordable Care Act, there are only five components that determine your price:
- Your age
- Your location
- If you smoke tobacco
- Individual vs. the family plan
- Your plan’s category (bronze silver, gold platinum, platinum, or catastrophic)
Health insurance companies aren’t allowed to consider your gender, age, or previous health history into consideration in determining your monthly price.
Health insurance premiums in the marketplaces of the Affordable Care Act have been rising consistently due to a variety of situations, including the uncertainty in politics as well as the costs of running a business. Furthermore, even though the prices for the standard silver plan with the second-lowest-cost have decreased slightly since the year 2018, premiums vary greatly according to state and market.
When you are calculating the costs associated with health insurance but it is important to take a look beyond the monthly cost. As we’ve mentioned in the preceding sections health insurance is only one aspect of your overall expenditure on health services. If you regularly visit a doctor and you purchase a health insurance plan that has a higher monthly premium and a low deductible It’s likely you’ll be spending more overall than if purchasing plans that have higher premiums as well as a lower deductible as well as lower copayments and payments.
A tax credit for premiums can aid you in obtaining the ideal health insurance policy for you. A premium tax credit can be described as an income tax credit that you can use before filing your tax return to cut down on the monthly cost of premiums. You may also be eligible for your tax credits when filing your tax return for the year. Tax credits are only offered to families and individuals who fall who earn a certain range of income which is between 100 and 400 per cent in the Federal poverty threshold within your state.
Tax credits for premiums are only accessible on Marketplace plans. They cannot be used on health insurance plans that are public and catastrophe health insurance policies or private health insurance off-exchange plans.
When is the best time to purchase health insurance?
Typically, there is one time period during which you can apply for the Obamacare market. This is known as”the “open enrollment time”. It is not possible to purchase health insurance in the absence of an open enrollment time, unless you begin a new job and you are covered by a group health insurance, provided that you are eligible for a specific enrollment period, or you are eligible under Medicaid and Medicare.
2022 open enrollment period
Open enrollment for federal open enrollment in 2022 coverage begins on November. 1st, 2021 to January. 15 2022. Certain exchanges run by state are extending deadlines. State-by-state list of Obamacare opening enrollment here.
For those who are not on group health plans, if do not purchase health insurance prior to the deadline set by your state then you will not be able to buy health insurance until 2021 unless you’re eligible for a specific enrollment period, or Medicare or Medicaid.
In the year prior to 2019, if you did not have medical insurance for more than two weeks in the course of the year you were required to be required to settle a fine each month you were without insurance. The penalty was determined in your taxes for the relevant year. After the suspension of the tax, it is now will no be required to carry health insurance unless you reside within one of the few states that have their own individual mandate.
Special enrollment period
The special enrollment period starts by completing a qualification event. Examples of qualifying events are turning 26, getting married or having a baby. Moving to a different zip code can also qualify you for a specific enrollment period. Certain states might be able to offer other qualifying circumstances. You are not eligible for a specific enrollment period in the event that you do not pay your monthly premiums, and your coverage expires (rescission).
If you want to determine if your situation qualifies to be enrolled in a particular period, you must fill out the form for your state or federal marketplace.
How do you find a low-cost health insurance plan?
Finding a health insurance policy that meets your needs shouldn’t be a nightmare. If you’re looking for a low-cost health insurance policy is essential to understand what is cost-effective for you, in particular. Are you a little reluctant to use medical services? A high-deductible and low-cost plan may make the most sense to you. Are you battling an illness that is chronic? A health insurance plan with more expensive premiums, however, has lower costs for out-of-pocket expenses and is likely to be less expensive over the long term.
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