published to March 20, 2014
Choosing health insurance can be complicated. Compare plans on the marketplace to help you understand how to choose the plan that’s right for you.
Here are some key points to consider when choosing a plan:
Plan categories: Marketplace insurance plans come in five categories: Bronze, Silver, Gold, Platinum and Catastrophe. The health insurance category you choose determines how you and your insurance plan share medical costs.
Monthly premium: This is the amount you pay your insurance company for your plan, whether or not you use medical services. Your monthly premium is important, but it’s not the only thing you need to think about.
Out-of-pocket costs: When receiving care, it is important to know how much you will have to pay out of pocket for services. You pay these out-of-pocket costs in addition to your monthly premium.
Types of Insurance Plans and Provider Networks: Different plan types provide different levels of care, both inside and outside the plan’s network of doctors, hospitals, pharmacies, and other health service providers.
advantage: All plans sold through the Marketplace offer the same basic health benefits, cover existing conditions, and offer free preventive services.
But remember, you only have a few days left to register for coverage in 2014. Free registration he ends March 31st.