Finding the Best Health Insurance: Key Factors to Consider
- July 6, 2023
- Ask Betty!
Best Health Insurance in the US?
Ninja Betty here, and welcome to Episode 153 of Ask Betty! This week‘s special guest is Brittany_catmom who asked us an important question.
Q from YOU to Ninja HQ
“ What are the best health insurance plans available in the US?”
The Best Health Insurance Has to be Best for YOU
The most important thing to keep in mind when looking for the BEST health insurance is finding the plan that REALLY fits YOUR needs.
What needs and wants of yours are health insurance plans aiming to cover? Do you prioritize a high–deductible catastrophic plan or a more expensive comprehensive plan?
The Many Factors of the Best Health Insurance
- Affordability
- Deductibles & Benefits
- Networks & More
Unfortunately, there is no single plan that is the Best Health Insurance for everyone. There are always variables like affordability, deductibles, co–pays, Networks, maxed–out–of–pocket costs, and services covered between different plans. Taking the time to compare the details of different plans is the only way to come to an informed decision.
Beginning to Assess YOUR Needs for the Best Health Insurance
When it comes to the Best Health Insurance, if you want an inexpensive plan that covers major medical needs, it‘s most likely going to require a higher deductible and co–pay.
For a more comprehensive plan, the monthly premiums will be more expensive but the deductible and co–pays will be lower, if you reach them. High–deductible plans often have lower rates and higher out–of–pocket costs, whereas comprehensive plans, tend to have a lower cost for out–of–pocket expenses, like co–pays.
Determine YOUR Needs in Doctors for the Best Health Insurance
Don‘t forget to consider the plan‘s Network, too. You or someone in your family might already have specialist doctors with whom you want to stay with.
If so, you‘ll need to look for a plan with a bigger Network. Different insurance companies offer different Networks, even for plans within the company, so make sure to do your research and try to add up the costs of any plans you‘re considering.
There Is NO One Plan That is The Best Health Insurance for Everyone
The bottom line is that each individual or family must make their own decision based on their needs and wants. Everyone is different and the plan that works well for one family might not be the answer for another family.
No matter which plan you pick or what type of coverage you get, you‘re wise to stay abreast of any significant changes your state has made to its health insurance laws. Every now and then states create new laws or programs designed to help cover gaps in coverage or reduce premiums for certain plans.
The Best Health Insurance for Anyone Needs to be Affordable
Next for the Best Health Insurance for you, you‘ll need to consider your budget limitations. Even the best health insurance plans in the US come with premiums and out–of–pocket costs that you‘ll want to weigh carefully against the coverage they offer.
Consider the coverage you need in terms of how often you go to the doctor for preventive care, how much those visits cost and what other services your plan covers. There may even be coupons or other savings programs associated with certain health insurance providers that you should investigate.
The Health Insurance Ninjas Can Match You to the Best Health Insurance for YOU
Finally, it‘s important that you understand the network of providers for any plan you purchase. Different health insurance companies partner with different providers, affiliates, and specialists, so certain services may not be covered under your plan if they‘re provided by a provider outside of the network. Before making any decisions, make sure you understand any restrictions, limitations, or exclusions that you may encounter when using a particular health insurance plan.
And REMEMBER, you have access to a full-service team of Health Insurance Ninjas to help you fin the Best Health Insurance for YOU!
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